Bitcoin Faucet

Who's paying for them?

On December 04 2013 17:10 Gnarly wrote: Who's paying for them?

LaunchKey is

sooo..... free bitcoins? What's the catch?

The plan is to get people (specifically Bitcoin-related) to check out LaunchKey. LaunchKey shares some of the same core values of security and privacy so we're confident that once users check out the app and witness the user experience themselves, that they'll be impressed and want to use it as their multi-factor solution elsewhere.

We're already partnering with one US-based exchange called Coinsetter as an extra security option for their users. and would like to expand to other crypto-currency exchanges as well.

THERE IS NO SUCH THING AS A FREE BITCOIN

no seriously though, whats the catch, or how small of a portion of a btc do you get? lol

wouldn't mind some extra padding to my monstrous .2 btc bankroll.

Only 6 cents worth. But when MTGox first opened for trading about 3.5 years ago, Bitcoins were listed at $0.05. They're now over $1200. So who knows what it'll be worth in 3 years. ;-)

On December 04 2013 19:53 jchysk wrote: Only 6 cents worth. But when MTGox first opened for trading about 3.5 years ago, Bitcoins were listed at $0.05. They're now over $1200. So who knows what it'll be worth in 3 years. ;-)

Not much more than 6c I'm guessing. You do realise the huge difference between owning 6c worth of bitcoins now and being able to buy ONE bitcoin for 5c then right?

On December 04 2013 23:04 Funktion wrote: Show nested quote + On December 04 2013 19:53 jchysk wrote: Only 6 cents worth. But when MTGox first opened for trading about 3.5 years ago, Bitcoins were listed at $0.05. They're now over $1200. So who knows what it'll be worth in 3 years. ;-) Not much more than 6c I'm guessing. You do realise the huge difference between owning 6c worth of bitcoins now and being able to buy ONE bitcoin for 5c then right?

I'd be willing to bet absolutely sick odds against. Bitcoin could be nothing or it might be over $10k in 3 years. Definitely not going to be in the same place where it is right now though. Financial analysts are all over the place, some said $100k in 5-20 years, another yesterday said $1 million a coin. My Co-founder at Coinsetter, Jaron, was quoted on Fox News for saying $100k in 15 years back in June. There are still plenty of people who think it's going to crash and burn to nothing which is still possible.

>believe anything an analyst says

I don't think you get it. Lets say a bitcoin is $100k tomorrow, congrats you now own about $5 worth of bitcoins. Hence the difference in owning 6 cents worth of bitcoins now vs buying a 5c bitcoin years ago (eg. the percentage of a bitcoin you own is quite different). So when you said, "So who knows what it'll be worth in 3 years." The answer is not much different than the 6c. Understand now?

On December 05 2013 00:43 Funktion wrote: I don't think you get it. Lets say a bitcoin is $100k tomorrow, congrats you now own about $5 worth of bitcoins. Hence the difference in owning 6 cents worth of bitcoins now vs buying a 5c bitcoin years ago (eg. the percentage of a bitcoin you own is quite different). So when you said, "So who knows what it'll be worth in 3 years." The answer is not much different than the 6c. Understand now?

Lol, this^^

This is a scam. Its basically a Trojan that uses your graphic card in collaboration with millions of users to try to mine bit-coins virtually. Its the latest way/best way to mine bitcoins, as the resources you need to mine it from a single computer are approaching unrealistic amounts.

On December 05 2013 00:43 Funktion wrote: I don't think you get it. Lets say a bitcoin is $100k tomorrow, congrats you now own about $5 worth of bitcoins. Hence the difference in owning 6 cents worth of bitcoins now vs buying a 5c bitcoin years ago (eg. the percentage of a bitcoin you own is quite different). So when you said, "So who knows what it'll be worth in 3 years." The answer is not much different than the 6c. Understand now?

I honestly don't really understand unless you mean the percentage of the overall bitcoins in existence? If bitcoin is worth $100k tomorrow and you now have $5, that's a lot better than $0.06....
It's also estimated that 30% of bitcoins are just gone forever (the wallets inaccessible since no one has the keys). Fractional bitcoins versus whole number bitcoins are just perception issues. Sure $0.06 years ago got you an entire Bitcoin and it won't get you one today, but it'll get you an entire millibitcoin. If your base currency is still fiat, then that value is what matters, right?


I think when we were building the rake-free poker room you may have been involved. It never ended up getting built, but we all transitioned into bitcoin as early adopters and have done extremely well because of it. If bitcoin and crypto-currencies are still early and heading towards hundreds of billions to trillions of dollars of money supply, then it's certainly still worth staying in and getting into if not already.

On December 05 2013 16:20 casinocasino wrote: This is a scam. Its basically a Trojan that uses your graphic card in collaboration with millions of users to try to mine bit-coins virtually. Its the latest way/best way to mine bitcoins, as the resources you need to mine it from a single computer are approaching unrealistic amounts.

lol

On December 05 2013 16:30 jchysk wrote: Show nested quote + On December 05 2013 00:43 Funktion wrote: I don't think you get it. Lets say a bitcoin is $100k tomorrow, congrats you now own about $5 worth of bitcoins. Hence the difference in owning 6 cents worth of bitcoins now vs buying a 5c bitcoin years ago (eg. the percentage of a bitcoin you own is quite different). So when you said, "So who knows what it'll be worth in 3 years." The answer is not much different than the 6c. Understand now? I honestly don't really understand unless you mean the percentage of the overall bitcoins in existence? If bitcoin is worth $100k tomorrow and you now have $5, that's a lot better than $0.06.... It's also estimated that 30% of bitcoins are just gone forever (the wallets inaccessible since no one has the keys). Fractional bitcoins versus whole number bitcoins are just perception issues. Sure $0.06 years ago got you an entire Bitcoin and it won't get you one today, but it'll get you an entire millibitcoin. If your base currency is still fiat, then that value is what matters, right? I think when we were building the rake-free poker room you may have been involved. It never ended up getting built, but we all transitioned into bitcoin as early adopters and have done extremely well because of it. If bitcoin and crypto-currencies are still early and heading towards hundreds of billions to trillions of dollars of money supply, then it's certainly still worth staying in and getting into if not already.

A millibitcoin (mBTC) is $1.02 atm btw so no, 6c won't buy one of those either. Try microbitcoin next...

I give up.

noo tropic update?

You guys are being silly nitpicking at someone giving free money to try their product. Sure it's only 6 cents, but what company gives free money for trying their app these days? Also, if you had the option of 6cents USD and 6cents worth of bitcoin, wouldn't you rather have the one that has the opportunity for growth?