Re: In 2015, faucets are bad for bitcoin

When BTC started, nobody had any and it was worthless, so it was right to give away thousands of BTC to make it popular. All that has changed. Now that BTC's worth something, now that companies are building on BTC, now that serious business transactions are made with bitcoin, it's about time for faucets to adapt.

BTC is real. It's money, and you've got to work to earn some. I hope all faucets will disappear in 2015. Faucets are hurting bitcoin by making some people believing you can get it while doing nothing sitting in your home. No, BTC isn't like that, and it shouldn't be any easier to get than any fiat currency. Even for small amounts.

Who made any money from faucets? Those re good only for new entrants to test how the system works and I consider them more as a promotional tool, marketing.

You can't really play with them much as well since they reward you with only so many bitcoins to cover the fees of a single transaction.

Some faucet uses Xapo API to directly send the Bitcoins to the Xapo account. This isn't the perfect solution as it sacrifices the privacy of the user. Xapo does cover the TX fee for the user but I'm not too sure about smaller amounts, I know coinbase requires users to pay fee for very small transactions. It does give the user an experience of using Bitcoin as the user sends the Bitcoin from Xapo.