Developers are quite worried about testnet gaining value on your swap exchange
I feel like there are bigger fish to fry and focus on. Stuff has changed since 2011.
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.
I believe that ideology is or should be dead due to the maturity that Bitcoin has reached.
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 exchange 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 faucet with a poor business model will likely 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 (v3) or 0.01755315 BTC (v4)... who cares? (Calculated with a market order @ the time of this edit)
Perhaps he wants to build a mega faucet,
and having access to 50,000 Testnet in 10 minutes is worth it
to them, and suddenly the ecosystem has access to a huge stash of "free" coins.
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
in v3.
If you live in America
, drive around a Walmart parking lot vs
aan 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.
Walmarts parking lot is generally a shit show... where as Aldi has the customers bringing the cart back to the front door for their quarter back + customers/kids/bums/me (lol) patrolling the parking lot for carts to put up to get a free quarter. 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 or want it.
We've moved over 90,000 Testnet v3/v4 this week... that is a coin, attached to Bitcoins success, that is dying to express itself.
It's really a lovely little area of Bitcoin. Please keep the Billionaires, Wall Street, drugs, extortion, and all that in Bitcoin. Let the Testnet be a safe zone for scrubs testing, however they please. Not all of us test code, I test users and ideas... tbh, both have kinda blown my mind over the years (we listed Testnet Nov 2022).
When will the testnet3 reach its max supply?
V4 next halving is in 2027. V3 has like 600 coins till it hits its cap and spins on miner fees only. (Which will be interesting to see.)