The term and word (free coins) is completely wrong

hatshepsut93

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Quote from: Lordhermes on July 02, 2020, 04:14:10 PM

Quote from: daneal stev on July 01, 2020, 02:30:09 PM

a person bypasses one CAPTCHA and through this CAPTCHA the site gets 100 Satoshi, the site pays 20 Satoshi to the user and he still has 80 Satoshi profits

These processes is a good one to understand but who gives the site 100 satoshi, wouldn't the site completed some task to earn such satoshi? Let me understand how the site gets their 100 sat.

Actually, it's true that nothing in crypto community is free, even airdrop as said as free is faulty, back then in 2017 when only submitting ETH address without tasks gives you free token. Ethereum blue was the free coin someone got that time.

There are services that offer an api for bypassing captcha, this can be used by regular users to remove captchas, or by automated programms like scrapers and bots. Such services work by employing actual humans to solve captchas for a payment and sending the results back to customers all in real time. But to work this service needs to have a large pool of workers so that captchas can be finished within their time limit.

It may be possible that Bitcoin faucets actually act as such services, provided they have hundreds of users solving captchas at any given time.

Digitradez

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OP you couldn't be more wrong. People were getting 20k usd a pop when Raiblocks( now known as Nano) did their distribution. Some good projects out there had fair distribution models, just because you got suckered into bad projects doesn't mean there aren't free coins out there that gain value down the line.

People literally made millions of dollars in a single day if they held their nano from the distribution.

I still remember when Bitcoin faucets were handing out 5 bitcoin a day for free. The key is you have to be early in a coin. Also a lot of coins had free sign ups that gave you a ton of coins and if you held it was an easy 50k usd + like xrp and nem.

MCDev

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That's right, there is no such thing as free, everything has its price. Even for the aridrop you will take time and a bit of effort to be able to receive it.
If you get a penny and you don't put in any effort, I guess it's a dump.

Lordhermes

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Quote from: daneal stev on July 01, 2020, 02:30:09 PM

a person bypasses one CAPTCHA and through this CAPTCHA the site gets 100 Satoshi, the site pays 20 Satoshi to the user and he still has 80 Satoshi profits

These processes is a good one to understand but who gives the site 100 satoshi, wouldn't the site completed some task to earn such satoshi? Let me understand how the site gets their 100 sat.

Actually, it's true that nothing in crypto community is free, even airdrop as said as free is faulty, back then in 2017 when only submitting ETH address without tasks gives you free token. Ethereum blue was the free coin someone got that time.

actmyname

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Spear the bees

Quote from: hatshepsut93 on July 02, 2020, 12:33:27 PM

Faucets require a ton of time and very repetitive work in order to receive "free" money, to the point were it can be considered a very bad job. If the reward/effort ratio was much higher, then they could have been considered free coins.

This is when we get pedantic and try to work out the rigor of what threshold of reward:effort is required to deem the term free. Once we get to this point, semantics and linguistics break down into pathetic squabbles over definitions. I'll stick to my "no monetary cost" definition and you can stick to your reward/effort ratio definition and we'll have a good time.

After all, does something stop being free when I have to put in a few extra joules of work into it, or does it just require a bit more effort? Wink

hatshepsut93

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Quote from: pooya87 on July 01, 2020, 10:28:32 PM

actually there are. for example during 2017 whoever owned any amount of bitcoin (own means having the private key of the address holding those "coins" not having it on some exchange) received more than 50 different coins for free. all of them are shitcoins but they could all be dumped for valuable bitcoin so it was free money.

but generally speaking you are correct. every time you see someone is promising "easy money" they are most probably lying and are trying to scam you. it is definitely a scam if you are supposed to download/install something.

Receiving forked coins still doesn't count as free coins, because you had to invest in Bitcoin in the first place. People who are too broke to own any meaningful amount of coins couldn't get any forks.

Quote from: actmyname on July 02, 2020, 03:45:02 AM

And that's where it is: we can choose to be pedantic however we want but the idea of "free" is a very fluid definition. WLOG this can also be applied to nearly every single word in existence, and beyond that, every single thought in existence - who's to say that I can't define X as Y? Convention? Status quo? From a meta standpoint those cannot be infallible means and processes for which we determine validity. Wink

Let's be honest: most of the time, you look upon the word "free" as "no monetary cost" and to that extent, unless you're being extremely anal about external costs (i.e. electricity, physical energy, etc) faucets should be considered "free money".

Faucets require a ton of time and very repetitive work in order to receive "free" money, to the point were it can be considered a very bad job. If the reward/effort ratio was much higher, then they could have been considered free coins.

I think the best example of free coins was airdrops - you just had to post your altcoin address and you received coins that you could then dump on exchanges. In earlier days you could get a couple of dollars worth of coins from each such airdrop, if you managed to sell it.

crwth

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https://linktr.ee/crwthopia

Quote from: Assface16678 on July 02, 2020, 02:47:50 AM

Quote from: crwth on July 02, 2020, 12:39:07 AM

It’s not just in cryptocurrencies but anywhere in the world in which is something that says it’s for free there is usually an exchange for something. Most of the time it’s for your valuable personal information like name, email address, and contact number.

Everyone probably experienced this one time or another.

Personal information are one of the most important thing that you should not share with others because they can probably use your information to the future.

I wouldn't agree with you completely because it would depend on what you are exchanging it for. I mean if you do it online, it's quite hard to give trust on the website unless it has a great reputation everywhere. I believe that if you were to read the privacy policy of the one you are going to submit your personal information, they couldn't use that information without permission and wouldn't share it with any other corporation or something.

Darker45

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Quote from: DdmrDdmr on July 02, 2020, 03:25:38 AM

Quote from: Darker45 on July 01, 2020, 11:39:34 PM

<…> There was once a time when a totally legit faucet gives you free 50BTC. Wink

And some people soon learnt how to exploit them fairly quickly, forcing developers to adapt and throw-in counter measures to block their loopholes: Who's the Spanish jerk draining the Faucet? (this thread is particularly amusing to me).

And that's how the story of the 50BTC falling all the way down to 0.5BTC.

Now I found out it wasn't just all about the price exponentially rising. It was more of how a tonto/a de España found a way to bite the hand that fed him/her. Freely!

And made even more amusing due to Satoshi responding to it:

Quote from: satoshi on August 05, 2010, 12:06:03 PM

Quote from: Gavin Andresen on August 04, 2010, 03:40:55 PM

4. Make the standard amount given away 0.5 Bitcoins (Bitcoins have gone up 10 times in value since I started the Faucet).

Definitely time to lower it.

Quote

The use of the term "free" is often really more of a "low cost of opportunity", generally involving someone’s personal time, as opposed to making a purchase. Faucets I figure fall under this conception, although with less and less ROT (Return on Time) as time goes by.

It has to be made much much lesser to the point of becoming worthless probably to discourage abusers.

As to the term "free," delving into its real meaning deeper would drag the entire discussion into a metaphysical one. And there seems to be no point for it. After all, there is no such thing as nothing to begin with. Cheesy

actmyname

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Spear the bees

Quote from: DdmrDdmr on July 02, 2020, 03:25:38 AM

The use of the term "free" is often really more of a "low cost of opportunity", generally involving someone’s personal time, as opposed to making a purchase. Faucets I figure fall under this conception, although with less and less ROT (Return on Time) as time goes by.

And that's where it is: we can choose to be pedantic however we want but the idea of "free" is a very fluid definition. WLOG this can also be applied to nearly every single word in existence, and beyond that, every single thought in existence - who's to say that I can't define X as Y? Convention? Status quo? From a meta standpoint those cannot be infallible means and processes for which we determine validity. Wink

Let's be honest: most of the time, you look upon the word "free" as "no monetary cost" and to that extent, unless you're being extremely anal about external costs (i.e. electricity, physical energy, etc) faucets should be considered "free money".

DdmrDdmr

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There are lies, damned lies and statistics. MTwain

Quote from: Darker45 on July 01, 2020, 11:39:34 PM

<…> There was once a time when a totally legit faucet gives you free 50BTC. Wink

And some people soon learnt how to exploit them fairly quickly, forcing developers to adapt and throw-in counter measures to block their loopholes: Who's the Spanish jerk draining the Faucet? (this thread is particularly amusing to me).

The use of the term "free" is often really more of a "low cost of opportunity", generally involving someone’s personal time, as opposed to making a purchase. Faucets I figure fall under this conception, although with less and less ROT (Return on Time) as time goes by.

Quote from: actmyname on July 02, 2020, 03:45:02 AM

<...>

Is there a missin "b" in the last phrase?

Subbir

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🎄 Allah is The Best Planner 🥀

Free bitcoin is great for getting free BTC but it'll depend entirely on luck like a lottery But referral links have a better risk of being scammed this is often why you ought to refrain from sharing these and providing your personal information. The sites usually collect all the knowledge within the name of free exchange so do research and work carefully.

Assface16678

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★Bitvest.io★ Play Plinko or Invest!

There is no really free on this time, some of the platform that they are giving feee those coins and most of the time we called it as the faucet or bounties some of them are using applications or just a website platform but the real thing is they are getting our information too, how?, with the use of the cookies and advertisement they can easily get those information you are using also with the use of the emails they are requiring if you want to use their platform and also be careful on it.

Some of them are just basically a scam that you will regret as soon as possible always make a research and some of the members already given the things you need to avoid on it.

Quote from: crwth on July 02, 2020, 12:39:07 AM

It’s not just in cryptocurrencies but anywhere in the world in which is something that says it’s for free there is usually an exchange for something. Most of the time it’s for your valuable personal information like name, email address, and contact number.

Everyone probably experienced this one time or another.

Personal information are one of the most important thing that you should not share with others because they can probably use your information to the future.

crwth

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https://linktr.ee/crwthopia

It’s not just in cryptocurrencies but anywhere in the world in which is something that says it’s for free there is usually an exchange for something. Most of the time it’s for your valuable personal information like name, email address, and contact number.

Everyone probably experienced this one time or another.

Findingnemo

hero member

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Bitcoin = Financial freedom

"Cryptocurrencies = free currencies" to the people who don't know anything about cryptos but they heard the word crypto somewhere. That is why most of the newbies asking how can I get free coins and wants to become rich overnight. Cheesy

Giveaways, airdrops, bounties, faucets, etc still needs some kind of task from us to get rewards so we should boycott the word "free currencies" from now on.

mk4

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Paldo.io 🤖

This has been said from time and time again when people say that they get free sats from faucets and get free altcoins from those airdrops and bounties. But indeed in fact, none of these things are free due to the time, effort, and data people give them. They mostly say that these are free just because they didn't buy them.

Darker45

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Well, then, I guess there is really a good deal of truth in "There Ain't No Such Thing as a Free Lunch" (TANSTAAFL). Cheesy

But, yeah, anything that has the word free in it, especially if we are talking about sites and offers and the like, it should be approached with utmost caution if not dismiss it altogether as an outright scam.

And to end up safe rather than sorry, it would be prudent not to chase that which is free most of the time. If not a scam, it would probably be worthless.

But of course it is not absolute. There was once a time when a totally legit faucet gives you free 50BTC. Wink

Maus0728

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Quote from: daneal stev on July 01, 2020, 02:30:09 PM

All the currencies we get require some tasks, it is impossible to pay money without charge

It is not just about the task you are doing for the sake of receiving free "shitcoins", you are also unaware that you are willing to surrender your identity (Know Your Customer) to an unknown project just to receive a worthless, vaporware token.

This is the stage where you only value a few bucks rather than your personal information which might eventually used for unconstitutional selling which is a profit for people behind the project.

Scary!

boyptc

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★Bitvest.io★ Play Plinko or Invest!

There's this term free profit or free money but you need to exert effort working for it excluding those faucets, we still have the affiliate program of casinos.

It's free money once you are able to get a good referral but it's not an easy task. They come and go.

pooya87

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Quote from: daneal stev on July 01, 2020, 02:30:09 PM

Unfortunately, there is no such thing as free coins at all,

actually there are. for example during 2017 whoever owned any amount of bitcoin (own means having the private key of the address holding those "coins" not having it on some exchange) received more than 50 different coins for free. all of them are shitcoins but they could all be dumped for valuable bitcoin so it was free money.

but generally speaking you are correct. every time you see someone is promising "easy money" they are most probably lying and are trying to scam you. it is definitely a scam if you are supposed to download/install something.

hd49728

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Not your keys, not your coins!

Quote from: guigui371 on July 01, 2020, 03:33:06 PM

You can get "free" coins without doing any task, but those coins may not have a monetary value.

There are something free but to cash them out into fiat and get real monetary value in hands, it depends on luck. Some shit coins have incredible pumps but it does not mean that people who participate in and get free coins will always have chances to cash out at the right time of pumps and get really good monetary value back.

It means people need to have both: luck to join in increadible shit coins but having incredible pumps and exit at the right time and good price.

There is big risk when participants will be tagged with negative feedbacks by supporting scam projects. Negativity on the forum, on your account and beyond the forum when your friends, relatives, neighbors think of you as scammers.

Topic: The term and word (free coins) is completely wrong (Read 330 times)