New Bitcoin Faucet Goes Live—But Don’t Expect Free Crypto Just Yet
Another day, another promise of ’free’ Bitcoin—except this faucet’s tap runs dry on launch. Classic crypto.
Here’s the catch: The platform’s reward mechanism isn’t active yet, leaving early visitors clicking for nothing. Call it a testnet for human patience.
Pro tip: If it sounds too good to be true in crypto, it usually is—especially when Wall Street’s watching. Just ask the guys who bought the ATH.
Shrem described the project as "vibe coded," referring to developing software without traditional coding techniques.
This approach lets AI tools build everything without the developer writing code themselves. "It’s a lot of fun," Shrem said.
The development style is part of a growing trend of using AI prompting to create applications, with developers guiding AI systems rather than writing code line by line. This approach allows even those with limited coding experience to build functional websites and applications.
Some community members have offered to donate Bitcoin to help fund the faucet, indicating support for the initiative despite its early challenges.
One user, @BitsBeTrippin, publicly offered to donate, so the faucet may rely on community contributions to maintain operations.
I will donate to it to help get it going - just send the addy
— Bitsbetrippin (@BitsBeTrippin) May 5, 2025
The initiative comes when Bitcoin’s higher value makes traditional faucets less economically viable than in the currency’s early days.
In 2010, giving away, say, five bitcoins cost virtually nothing. Today, that same amount would be worth roughly half a million dollars.
Shrem didn’t respond to a request for comment from Decrypt. He also hasn’t responded to any requests for Bitcoin from anyone on Crypto Twitter.
Edited by Sebastian Sinclair
