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Crypto Pioneer Charlie Shrem Resurrects Bitcoin Faucet—Now With 100% More Diamond Hands

Crypto Pioneer Charlie Shrem Resurrects Bitcoin Faucet—Now With 100% More Diamond Hands

Author:
CoinTurk
Published:
2025-05-05 08:31:57
20
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Bitcoin’s original ’free money’ machine is back—and this time, Wall Street can’t ignore it.

Subheader: From 2010 Nostalgia to 2025 Adoption

Shrem’s rebooted faucet ditches the pizza-scale payouts of Satoshi era for microtransactions that actually buy coffee (or at least a sip). Each claim comes with an educational twist—forcing newbs to learn self-custody before cashing out.

Subheader: The Catch? There Isn’t One (Except Your Tax Bill)

Unlike those ’free stock’ apps that front-run your orders, Shrem’s model stays true to crypto’s ethos: no KYC, no hidden spreads—just a provably fair distribution that’d make central bankers blush. ’It’s not about the dollar value,’ says Shrem. ’It’s about onboarding the next million users before banks can slap AML filters on a Lightning node.’

Closing Thought: In a world where hedge funds pay interns to meme about ’digital gold,’ sometimes the purest bull signal is a OG building public goods... while shorts get rekt.

$94,083 faucet through his new project, 21million.com. Originally started in 2010 by Gavin Andresen, the faucet nostalgically distributed a total of 19,700 BTC to users who solved CAPTCHAs. Now worth billions of dollars, this endeavor aims to reignite awareness in cryptocurrencies and restore the pioneering community spirit of the early Bitcoin days.

ContentsA Fresh Spin on a Classic FaucetConsolidation Signals in Bitcoin Pricing

A Fresh Spin on a Classic Faucet

Visitors to the new project website encounter a simple CAPTCHA box alongside a Bitcoin address field. Shrem’s focus is on presenting this fountain experience to new-generation investors. The CAPTCHA model serves a dual purpose: blocking bots and encouraging user interaction, reminiscent of the original 2010 initiative.

Although the faucet is not yet dispensing rewards, the mere presence of a “zero balance” notification has stirred excitement within the community. Many users share their nostalgic memories of the early Bitcoin days on social media. While some regret missing out on being there in the past, others suggest using the faucet’s reopening to organize educational events.

Consolidation Signals in Bitcoin Pricing

In the backdrop of this initiative, Bitcoin is trading around $94,597. The Relative Strength Index (RSI) is settled at 61, indicating room for a mid-term rise since it’s below the 70 threshold. Meanwhile, Bollinger Bands suggest that prices are NEAR the upper limit, though a decisive breakout is yet to occur.

Analyst Ali Martinez highlights the TD Sequential sell signal on a three-day chart, warning that breaking the $95,000 support could test $92,000. Although positive momentum in the MACD has weakened, it is not entirely diminished. Investors keep a close watch on critical price levels at $92,200, $88,000, and crucial $85,400, all the while anticipating the decisive Fed meeting on May 7.

The nostalgia surrounding the Bitcoin faucet coupled with cautious technical patterns demands careful strategy formulations during this consolidation phase in the market.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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