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RE: Bitcoin Faucets and the Lindy Effect: How Much Longer Will BTC Faucets Survive?

in The CTP Swarmlast year (edited)

Thanks for the thought-provoking input, @heartbeatonhive :)

I'd like to respond to each point:

  1. I guess by "nothing really substantial" you mean that it's really a bit boring to click for a few satoshi, and that is certainly true. Also, it does take time to build up daily earning momentum, but it is possible as I show in my training videos.

  2. gambling hubs... True. I think people who have a moral objection to gambling should stay away from faucets. For me, however, I see the gambling side as another reason why sites such as Freebitcoin or TrustDice can become so robust. That's where they make their profit, which is why they survive long enough for the Lindy Effect to kick in.

  3. Risingstar is like a faucet - I loved this insight of yours. I'd never thought of Risingstar in those terms. I haven't got into Risingstar because I'm not so interested in the storyline, but as soon as I think of it as a "faucet" I'm suddenly more interested!

  4. Sorry to hear about your negative experience with Satoshi Hero. When I started with that site I think the minimum withdrawal was only 10,000 satoshi, but then they raised it to 20,000. It seemed like a long road to get to the 20,000 satoshi withdrawal requirement. When I hit the target I discovered that they'd raised the minimum AGAIN to 30,000 sats, so I was very mistrustful, but decided to give them one more chance and press on. I'm glad I did because I've had no problems since then, and most of my satoshi earnings come from referral activity on the site. I've made several 30,000 satoshi withdrawals from SatoshiHero to Freebitcoin with hardly any effort on my part.

  5. Freebitcoin... Do you have enough sats in your account to earn interest? (You need to have at least 30,000 sats to earn 4.08% p/a paid daily.) If not, let me know and I'll send you the balance to get you earning a few more sats per day. :)

!CTP
!ALIVE
!BBH

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👍Thank you for the detailed response my friend,yes i do find them a little dull and it does seem they are aimed at gambling i don't personally have a problem with this but a lot of these faucets seem to be focused on it i know for the most part it is optional.

I like that you advise not to put hard earned cash in i think this is smart.

Risingstar is absolutely basically a faucet on Hive it is super passive in the fact you just click a mission and come back when it is done.
Obviously once you go deep with it there are many other options to increase the way you use it to get more out of it.
I like that it has the NFT's because it is something to collect and trade too, i think it would fit in nicely with your faucet group.

The satoshi hero i just couldn't bring myself to continue when the account was cleared, there wasn't like there was loads in there but restarting just seemed like a waste of time.

Freebitcoin i need to look at it again really i only joined because it was in start earning today i am terrible at remembering it to be honest i currently have 0.00008845 BTC so i am way off i believe.

Have a good one buddy i enjoyed your post and video 😎
@hirohurl
!ALIVE
!BBH
!CTP

@hirohurl! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @heartbeatonhive. (20/30)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

@hirohurl! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @heartbeatonhive. (10/20)

Okay, so if I send you 22,000 satoshi you'll have your 30k and will earn interest on it, which will be paid daily and gradually start compounding!

If you let me have your freebitcoin deposit address I'll send them over.

!CTP
!ALIVW
!BBH

@heartbeatonhive! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @hirohurl. (1/1)

@heartbeatonhive! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @hirohurl. (1/10)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

@heartbeatonhive! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @hirohurl. (1/1)