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I just found out that Charlie Shrem is reviving the original Bitcoin Faucet original de 2010. I mean, that legendary platform that was handing out free bitcoins to anyone who solved a simple captcha. Imagine: 5 BTC per person when it was worth pennies. Today, that’s almost $500,000 per transfer. It’s almost unreal when you think about it.
The original faucet idea was Gavin Andresen’s back in 2010—basically to get people into Bitcoin without needing to mine or buy. He funded everything with 1,100 of his own BTC. Thousands of users got their first taste of crypto through it. When it shut down, it was already paying out fractions, but the impact was legendary.
Now Shrem is relaunching something similar. The site isn’t active yet and doesn’t have funds in BTC yet, but it’s interesting to see someone want to bring back that idea. With BTC at $72.77K, any distribution of free bitcoins would be pretty generous. Do you think it will work the same as in 2010, or is it more nostalgia than anything else?