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Topic: Why High Demand for Bitcoin Testnet Coins? - page 2. (Read 552 times)

hero member
Activity: 504
Merit: 1065
Crypto Swap Exchange
February 12, 2024, 04:21:34 AM
#8
If I'm not mistaken, addresses starting with "m" or "n" are P2PKH (legacy) addresses, and addresses starting with "tb1" are in Bech32 format. Testnet wallets should be able to send to all addresses, regardless of whether the prefix is "m", "n", or "tb1".

I think you're right.

If we look on the Bitcoin Wiki, page List_of_address_prefixes. we find the following line:




This is interesting. I was not aware of the different types of addresses for testnet BTC.
legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
February 12, 2024, 04:04:03 AM
#7
It is related to the SatoshiVM airdrop, which uses testnet coins to get SatoshiVM Testnet tokens (announcement tweet).

Quote
SatoshiVM has confirmed to do an airdrop to the top 5,000 testnet users. Users can now participate in testing the bridge on the newly launched testnet. The top 5,000 testnet users will receive a SatoshiVM NFT once the alpha-mainnet goes live. These NFT holders will get SAVM airdrops on a weekly basis.

It's a shame since SatoshiVM is technically interesting, but the team don't care about harming testnet environment.

In that case, Bitcoin Core devs need to take action and reset the testnet network again.

Or use Signet.
legendary
Activity: 1624
Merit: 2594
Top Crypto Casino
February 12, 2024, 02:58:20 AM
#6
Looks like I'm missing something... I seem to have some t'network coins, but I'm a little confused since my Bitcoin address starts with "m" and not "t".

If I'm not mistaken, addresses starting with "m" or "n" are P2PKH (legacy) addresses, and addresses starting with "tb1" are in Bech32 format. Testnet wallets should be able to send to all addresses, regardless of whether the prefix is "m", "n", or "tb1".
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
February 11, 2024, 10:52:27 PM
#5
It is related to the SatoshiVM airdrop, which uses testnet coins to get SatoshiVM Testnet tokens (announcement tweet).

Quote
SatoshiVM has confirmed to do an airdrop to the top 5,000 testnet users. Users can now participate in testing the bridge on the newly launched testnet. The top 5,000 testnet users will receive a SatoshiVM NFT once the alpha-mainnet goes live. These NFT holders will get SAVM airdrops on a weekly basis.

In that case, Bitcoin Core devs need to take action and reset the testnet network again.
legendary
Activity: 1456
Merit: 5874
light_warrior ... 🕯️
February 11, 2024, 08:22:06 PM
#4
Looks like I'm missing something... I seem to have some t'network coins, but I'm a little confused since my Bitcoin address starts with "m" and not "t".

Can someone explain the difference to me as if I were 5 years old?  Roll Eyes
copper member
Activity: 2114
Merit: 1814
฿itcoin for all, All for ฿itcoin.
February 11, 2024, 06:20:46 PM
#3
It is related to the SatoshiVM airdrop, which uses testnet coins to get SatoshiVM Testnet tokens ]

Bitcoin getting attacked from all angles  Grin

First It was the useless inscriptions that led to a sharp increase in Bitcoin transaction fees and now Testnet coins getting drained because there is a reward in form of airdrops?
I guess more is yet to come.
copper member
Activity: 3948
Merit: 2201
Verified awesomeness ✔
February 11, 2024, 04:59:16 PM
#2
It is related to the SatoshiVM airdrop, which uses testnet coins to get SatoshiVM Testnet tokens (announcement tweet).

Quote
SatoshiVM has confirmed to do an airdrop to the top 5,000 testnet users. Users can now participate in testing the bridge on the newly launched testnet. The top 5,000 testnet users will receive a SatoshiVM NFT once the alpha-mainnet goes live. These NFT holders will get SAVM airdrops on a weekly basis.
legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
February 11, 2024, 03:27:08 PM
#1
For years I was helping members with Bitcoin Testnet coins but in last few weeks I noticed a big increase of newbie members asking me for coins.

There is another member with faucet in forum that was abused and emptied, and I started receiving messages from members asking for coins.

This is very suspicious to me, so I ask if there is some bounty campaign or project that is paying money for testnet coins?
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