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I disagree with this. Bitcoin Testnet reward is 0.02 coins every 20 minutes. If someone wants 1000 coins they are going to be using a fair bit of electricity and time.
Actual block time on testnet is also 10 minutes. 20 minutes is just when difficulty dropped to one which makes it far easier to mine. And current reward is just about 0.016
BTC.
It might be a better fit for them to just get their 1000 coins in 10 minutes and keep testing their systems or whatever they are doing with them.
Looking at rate on your exchange, 1000 tBTC cost 0.0071
BTC or about $474 right now. While a company could afford that easily, they probably should consider using regtest instead.
I own this exchange and I decided to offer this market. People are lining up on both sides. I don't think that makes me or the users dishonest. Everyone is happy that uses it.
The only people upset are the ones who want to wave a magic wand and say "This has no value!!!!" Which is exactly what people have done with Bitcoin!!! FFS look at the shit going around token and coin-wise.... having a semi-healthy tiny nothingness Bitcoin Testnet isn't a bad idea. Development is exploding and circulation is needed.
I somewhat disagree. On long term,
1. It'll make people mine tBTC for financial purpose, which rise cost of mining tBTC.
2. More people use tBTC faucet for financial purpose, which leave less tBTC for non-financial purpose.
You're just speeding up the testnet reset.
The last reset was 10 years ago... I'll believe it when I see it.
I agree. Aside from 10 years, signet (another form of testnet) also exist.