Topic: U like [btc]? U have to use a faucet. - page 3. (Read 1784 times)
faucets only small part of bitcoin and in my opinion if there are no people using faucet again that only have effect for the faucets owners not for the market cap indeed faucet owners always buying bitcoin for recharge their faucet but that only small transaction if we compare from exchange activities from buying and selling bitcoin and there are plenty bigger transactions in trading and from other activities who related bitcoin so even though in the future there is no more faucet i think that would not have effect for bitcoin and the price
i think the whole topic is nothing but nonsense faucets are made to distribute btc and to get some in return by the website traffic but their constant flow is actully a small cycle or servic which is only helping to spread btc thats all none of the market cap will effeft with this tiny stuff
You would get different responses to this question... The wealthy people think faucets are a waste of time and the poor think it is FREE
money and Manna from heaven. { Did I spell that right? .. Manna } ... The main goal of the first faucets, was to distribute small amounts
of bitcoins to people, to introduce them to the currency and the technology. These days, it has grown into a massive money making
method for a select few, and some sort of income for the very poor. I am one of the few, who seem to think, if faucets was used in the
correct manner, it would still stimulate adoption. { I would rather want alternatives where people perform micro tasks for small rewards,
but this is something for the future, when side chains and off-chain tx's become the norm. } I will accept any method to place bitcoin
into people's hands.
money and Manna from heaven. { Did I spell that right? .. Manna } ... The main goal of the first faucets, was to distribute small amounts
of bitcoins to people, to introduce them to the currency and the technology. These days, it has grown into a massive money making
method for a select few, and some sort of income for the very poor. I am one of the few, who seem to think, if faucets was used in the
correct manner, it would still stimulate adoption. { I would rather want alternatives where people perform micro tasks for small rewards,
but this is something for the future, when side chains and off-chain tx's become the norm. } I will accept any method to place bitcoin
into people's hands.
What is number of bitcoin in total all faucets may pay to users everyday ? --- around 10 Bitcoin
and so total marketcap that may come from faucet owners will be 10 bitcoin and in that also most of the bitcoin almost 100% or more than that come to owners pocket from ads so i am not seeing any new money flowing towards bitcoin market cap through faucet owners.
and so total marketcap that may come from faucet owners will be 10 bitcoin and in that also most of the bitcoin almost 100% or more than that come to owners pocket from ads so i am not seeing any new money flowing towards bitcoin market cap through faucet owners.
it is not rather BS but it is fully BS because you are dreaming about the volume these faucets are handling which is really really small because of the amount they earn and also the amount they pay.
I voted rather BS but I agree with the Nonsense option too. Whatever the number of faucets might be the amount you can claim is so small that no way it would influence the market cap in any significant way if all the faucets would disappear at once.
Faucet is just minor things in bitcoin now & more micro-transaction comes from non-faucet transaction.
Even all bitcoin faucet gone, it won't change bitcoin community much. In fact, we can avoid dust input which increase transaction size & fee.
Even Bitcoin lending/P2P lending still share bigger volume than faucet.
Even all bitcoin faucet gone, it won't change bitcoin community much. In fact, we can avoid dust input which increase transaction size & fee.
Even Bitcoin lending/P2P lending still share bigger volume than faucet.
OP is little wrong here, market cap from micro section is not that high I believe. Not to mention some good casino that have more money involved every day than micro section for a month.
I doubt in speculation that micro earning section have more then 20 % in bitcoin market cap, that is too much. That are faucets, how many active faucets there is. And how many claims one faucet need to have to give just 1 bitcoin? When you see it like that, my speculation is that micro earning section have less then 1 % market cap.
I doubt in speculation that micro earning section have more then 20 % in bitcoin market cap, that is too much. That are faucets, how many active faucets there is. And how many claims one faucet need to have to give just 1 bitcoin? When you see it like that, my speculation is that micro earning section have less then 1 % market cap.
If faucets are what it takes for BTC to survive, thrive and go mainstream that is all the reason one would need to dump their holdings and forget about BTC.
If you like BTC you have to use at least one faucet.
Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%.
In order to keep BTC demand at current rate, any one should use some
form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.
Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%.
In order to keep BTC demand at current rate, any one should use some
form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.
If you like BTC you have to use at least one faucet.
Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%.
In order to keep BTC demand at current rate, any one should use some
form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.
Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%.
In order to keep BTC demand at current rate, any one should use some
form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.
i would have expected such a ridiculously wrong topic from a newbie member but not from a Sr. Member after 10 months of using bitcoin!!!
the earning from faucets is too small that even if every single faucet stopped working today nothing would have changed in the world.
the market ca is 15,929,964 BTC by the time of writing this and daily trade volume is 107,378BTC
and more importantly the estimated transaction volume was 294,468.5BTC now do you honestly think the tiny amounts that faucets are dealing with which is not even 0.1BTC per month can be compared to 294K bitcoin?!!!
- all data was retrieved from coinmarketcap and blockchain.info
edit (ps) 20% of this amount is 58,893.6BTC which faucet owners combined can no even see in their dreams
I think the effect of faucet owners buying bitcoin to pay faucet users will not have any significant effect on marketcap and actually faucet was created on early days to distribute bitcoin for free so that other can test bitcoin and know it better. So basically faucet these days are just way for new members to grab few low amount of bitcoin to test how it works or for pocket money and few amount of profit to faucet owners from bitcoin adnetworks which sometimes is even lower than the amount owner have to pay to users.
If you like BTC you have to use at least one faucet. EDB3 :o3
Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%.
In order to keep BTC demand at current rate, any one should use some
form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.
Imagine when all of a sudden, all of us stopped using faucets, how the market cap would shrink along with the bitcoin price? I would say, a lot. I have no specific data ( if any ) on how much cap is consumed by micro-earnings, only speculations tell me that it can be more than 20%.
In order to keep BTC demand at current rate, any one should use some
form of micro-online-earning systems, so that faucet owners can keep buying more, resulting in steady/constant demand growth.
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