In 2015, faucets are bad for bitcoin - page 23.

afriezalie

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Quote from: beaknuke on April 14, 2015, 03:10:00 AM

Quote from: dollarneed on April 13, 2015, 09:41:34 PM

faucet has wasted my time and my energy but atleast faucet has been introduced bitcoin for newbie, maybe there's a rule to regulate how much faucet paid people just sugesst Cheesy

this is exactly what i feel but there is a massive explosion in them right now!

There are many bitcoin faucets created today and tomorrow. They taught me about bitcoin and now i know bitcoin because of their helps. Many newbies like me, know about bitcoin from faucet. They can earn it free, then learn how to trade and invest from faucet.
In my opinion, bitcoin is still alive and grow because of faucets. Many users start they journey from a small faucet, included me

BIT-Sharon

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Quote from: dothebeats on March 07, 2015, 03:08:30 PM

Quote from: countryfree on March 07, 2015, 01:51:11 PM

When BTC started, nobody had any and it was worthless, so it was right to give away thousands of BTC to make it popular. All that has changed. Now that BTC's worth something, now that companies are building on BTC, now that serious business transactions are made with bitcoin, it's about time for faucets to adapt.

BTC is real. It's money, and you've got to work to earn some. I hope all faucets will disappear in 2015. Faucets are hurting bitcoin by making some people believing you can get it while doing nothing sitting in your home. No, BTC isn't like that, and it shouldn't be any easier to get than any fiat currency. Even for small amounts.

Though faucets wouldn't help you gain or even accumulate relevant money, it still is a good way on familiarizing yourself on the basic concepts of bitcoin. Having experience being paid by bitcoin is a first step of adoption. Interest may soon follow.

If interest grows, then it is very likely that the user will soon adopt the concepts and therefore use it in the future.

it is true

beaknuke

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Activity: 412

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Quote from: dollarneed on April 13, 2015, 09:41:34 PM

faucet has wasted my time and my energy but atleast faucet has been introduced bitcoin for newbie, maybe there's a rule to regulate how much faucet paid people just sugesst Cheesy

this is exactly what i feel but there is a massive explosion in them right now!

CryptoCobaine1

newbie

Activity: 43

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Quote from: R2D221 on April 13, 2015, 07:49:17 AM

Quote from: Brooker on April 13, 2015, 07:35:38 AM

or even better joining a signature campaign here

Given the recent controversy about signature campaign spam, I don't think joining one is “even better” at all.

Spam? That's what they are by nature right? Advertising?

dollarneed

hero member

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faucet has wasted my time and my energy but atleast faucet has been introduced bitcoin for newbie, maybe there's a rule to regulate how much faucet paid people just sugesst Cheesy

rayhan

sr. member

Activity: 378

Merit: 250

be your self

actually when the bitcoin prices is low its a great time to playing faucet, because the prizes are given was increased .. imo

llanillo

full member

Activity: 238

Merit: 100

I disagree with you, the faucets are rather a fundamental part in the world of bitcoins, faucets make it popular, attracting new users, and a lot more people use bitcoins thanks to the faucets, and many people actually make money with them, with their methods like getting 1000 referrals...

gogxmagog

legendary

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Ad maiora!

Faucets are what they are. There have been countless "earn money online" schemes before btc was ever invented. Nothing new here. Neither pay out enough to be worth the trouble. It doesn't really reflect on btc itself. At least it doesn't devalue it, if anything it shows its true value. Work for a week clicking captchas and get 20 cents, it shows btc isn't free, in fact, it's valuable enough that no one is going to give it away. Mostly I wonder about the revenue these faucet sites take in. I ran a few blogs a few years ago and after countless hours doing SEO and creating key word rich content plus building decent traffic I was luck to make a few hundred bucks a month. Wasn't worth the effort and adsense still banned me for reasons they never made clear.
There is no free lunch, faucets are at best a "game" you won't get rich.

AtheistAKASaneBrain

hero member

Activity: 770

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Faucets are good in any year of Bitcoin. Of course back in the day faucet gave you tons of BTC but BTC was worthless literally.

Now its peanuts but still useful for newbs to play with.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Brooker on April 13, 2015, 07:35:38 AM

Quote from: cryptworld on March 12, 2015, 04:51:21 PM

You have to think that with a faucet a newbie that does not know bitcoin can try to get some,to create a wallet a to make transactions

no newbies does not use faucets because they know faucets are not profitable

True but it's still a waste of time and newbs usually realize this eventually. They'd be far better off spending their time either trying to do small tasks in the real world for cash and then buy coins or even better joining a signature campaign here. Even a newb can earn more posting here than collecting from faucets and you soon move up rank. Get a higher account and you can earn some decent money eventually.

the role of faucets is for introducing only, there is no long term with them, they are good for introducing newbie to the bitcoin world, and they do this well, so no they aren't bad for bitcoin

there is basically a ladder to do for newbie with bitcoin, first you try faucets, then join a signature, and then you can start trading, and become good at it

Light

hero member

Activity: 742

Merit: 502

Circa 2010

Quote from: Brooker on April 13, 2015, 07:35:38 AM

True but it's still a waste of time and newbs usually realize this eventually.

Agreed - the amount you get (last I checked) were so low that you could spend a year doing them over and over and would make about BTC0.01 which is just over $2.4USD at time of posting. It really is only useful for newbies who wish to experiment initially before moving onto bigger things.

Also, IIRC having dust in your address means that you might actually require a larger tx fee to be included in a block anytime soon - which itself might outvalue the value the of dust you have.

Whitehouse

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Activity: 448

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Quote from: adworker on March 12, 2015, 11:55:30 AM

No, faucets wont disappears in 2015. Faucets are used as a way to test Bitcoin for newcommers, because of such low payouts faucets cannot be abused from someone to get easy income from. It is just enought to get familiar with Bitcoin

People abuse faucets all the time by using multiple bots on multiple connections on multiple sites trying to milk them for all they're worth.

Quote from: R2D221 on April 13, 2015, 07:49:17 AM

Quote from: Brooker on April 13, 2015, 07:35:38 AM

or even better joining a signature campaign here

Given the recent controversy about signature campaign spam, I don't think joining one is “even better” at all.

Well I guess that depends on the quality of their posts. Obviously it's bad if they spam crap but if they do they'll get banned pretty quickly so it's in a users best interests to make quality posts. Either way using a faucet or spamming crap you're still wasting your time.

R2D221

hero member

Activity: 658

Merit: 500

Quote from: Brooker on April 13, 2015, 07:35:38 AM

or even better joining a signature campaign here

Given the recent controversy about signature campaign spam, I don't think joining one is “even better” at all.

Brooker

sr. member

Activity: 274

Merit: 250

Quote from: cryptworld on March 12, 2015, 04:51:21 PM

You have to think that with a faucet a newbie that does not know bitcoin can try to get some,to create a wallet a to make transactions

no newbies does not use faucets because they know faucets are not profitable

True but it's still a waste of time and newbs usually realize this eventually. They'd be far better off spending their time either trying to do small tasks in the real world for cash and then buy coins or even better joining a signature campaign here. Even a newb can earn more posting here than collecting from faucets and you soon move up rank. Get a higher account and you can earn some decent money eventually.

cryptworld

hero member

Activity: 714

Merit: 503

You have to think that with a faucet a newbie that does not know bitcoin can try to get some,to create a wallet a to make transactions

no newbies does not use faucets because they know faucets are not profitable

shit coin

newbie

Activity: 17

Merit: 0

When I was new I assumed I would need more than 1 cent of Bitcoins before I could start sending them. Faucets taught me otherwise.

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: Josef27 on March 12, 2015, 06:45:59 AM

Quote from: randy8777 on March 12, 2015, 01:55:51 AM

when i started with bitcoin i was spending the first two weeks on trying to get as much coins as possible.
for newbie users it's a great way to get some coins for free and test a wallet with sending and receiving and such.

+1 for this one

I don't really know how to use bitcoin at first, but faucet give me experience about how they works and intorducing me into bitcoin world
If no faucet exist that day, I wouldn't knew about bitcoin until now.

See, maybe faucets isn't so bad.. And maybe it's very useless for someone understanding about Bitcoin and holding them. But it's really helpful for newcomers.

It also gives the benefit of showing users that you can transact less than a cent, and still pay almost nothing to do it. Compare this to sending this through ACH (impossible), Western Union ($10+ and impossible), etc. Bitcoin is the only system that allows things like this (well, and other cryptos).

adworker

full member

Activity: 190

Merit: 100

No, faucets wont disappears in 2015. Faucets are used as a way to test Bitcoin for newcommers, because of such low payouts faucets cannot be abused from someone to get easy income from. It is just enought to get familiar with Bitcoin

Cray4Cryptz

newbie

Activity: 23

Merit: 0

Quote from: countryfree on March 07, 2015, 01:51:11 PM

When BTC started, nobody had any and it was worthless, so it was right to give away thousands of BTC to make it popular. All that has changed. Now that BTC's worth something, now that companies are building on BTC, now that serious business transactions are made with bitcoin, it's about time for faucets to adapt.

BTC is real. It's money, and you've got to work to earn some. I hope all faucets will disappear in 2015. Faucets are hurting bitcoin by making some people believing you can get it while doing nothing sitting in your home. No, BTC isn't like that, and it shouldn't be any easier to get than any fiat currency. Even for small amounts.

Faucets maybe is the best way to lure in new Bitcoiners.
They should keep it if they do not have any acceptable explanation why theyre scrapping it.

Orwell

newbie

Activity: 21

Merit: 0

Faucets aren't bad. They're actually a great way for newbs to get involved in bitcoin, though obviously they're a triumphant waste of time given the piddly amount you get out of them but they still give plenty of newbs the bitcoin bug.

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