Post
Topic
Board Mining
Re: BITCOIN TESTNET supply
by
BayAreaCoins
on 27/04/2025, 01:52:25 UTC
Developers are quite worried about testnet gaining value on your swap exchange

I feel like there are bigger fish to fry and focus on.

it's against the motive of the testnet ecosystem

It's against the ideology and a bit taboo, but I firmly believe it is for the best and I'll explain why + show examples.

although faucets are not meant to be abused, and users may not get the number of token they need through faucet services buying to hold and trade later is much more like the main net this time.

We were a faucet before we were an exchange.  Our faucet can be found here and we give away 0.005 TBTC to users once every ten minutes.

A business model like ours does indeed absorb fellow faucets, but if those faucets had a sound business plan... they would be making money hand over fist from the traffic and demand we drive to them.  I've taken some steps to prevent people from directly hitting third-party faucets and depositing directly into their accounts.

Rarely do we run out of v3 Testnet and we've never ran out of v4 before.  Users are *not* required to buy any Testnet to participate, but a lazy Devs faucet will probably get rekt.

Though it's nobody's business

I agree with this.

If the dude from above wants to buy 50,000 Testnet for 20 BTC... who cares?

Perhaps he wants to build a mega faucet, and having access to 50,000 Testnet in 10 minutes is worth it.

people with large volume of testnet coins like yourself give it out and advice the receiver to return it once they're done testing their apps. Since many of them may not return it anymore due to the value it's attracting in marketplaces

Very few people return free Testnet coins.  The ideology that they are worthless actually contributed to the scarcity.

If you live in America drive around a Walmart parking lot vs a Aldi parking lot (grocery stores) and see which one has more carts not put up.  Walmart gives carts out for free and Aldi requires a 25 cent deposit that is refunded when you put your cart back.  That little quarter appears to go a long way.

it derails the test coin circulation.

I argue that it improves circulation and contributes to a greater amount of testing, as well as more users.

Faucets are running dry and developers are sending dust from their +9,000 v3 TBTC stashes.  This seems more derailing than offering a way to circulate Testnet to people who need it.