American developer Gavin Andresen had donated over 19,700 Bitcoin’s for free in 2010 to users who simply solved a ‘Captcha’. Andresen had launched the ‘Bitcoin Faucet’ website back then in an effort to spread awareness and boost adoption.
All users had to do to receive 5 Bitcoin’s for free each day was to solve the Captcha. Bitcoin was priced at around $.08 in 2010.
The Bitcoin Faucet website is now defunct and stopped operations after a few months of rolling out free BTC’s. Andresen loaded the website with 1,100 BTC of his own money. Moreover, the website reloaded BTC’s multiple times after several users minted it.
At todays prices it meant the Bitcoin Faucet website gave away around $532 million dollars worth of BTC .
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