Bitcoin Faucets
Here are some of our favourite bitcoin faucets that are all free to use and pay out plenty of satoshi!
Bitcoin Zebra
Land of Bitcoin
Moon Bitcoin
Moon Dogecoin
BitOnPlay
Pink Tussy
The Flying Faucet
The Running Faucet
Prime Dice
Ice Dice
9Bitz
Pizza Faucet
Free Bitcoin
Free DogecoinWhat is Bitcoin?
Bitcoin is a payment system introduced as open-source software
in 2009 by developer Satoshi Nakamoto.
The payments in the system are recorded in a public ledger using
its own unit of account, which is also called bitcoin.
Payments work peer-to-peer without a central repository or
single administrator, which has led the US Treasury to call bitcoin a
decentralized virtual currency.
Although its status as a currency is disputed, media reports
often refer to bitcoin as a cryptocurrency or digital currency.
Bitcoins are created as a reward for payment processing work in
which users offer their computing power to verify and record payments
into the public ledger.
Called mining, individuals or companies engage in this activity
in exchange for transaction fees and newly created bitcoins.
Besides mining, bitcoins can be obtained in exchange for fiat
money, products, and services.
Users can send and receive bitcoins electronically for an
optional transaction fee using wallet software on a personal computer,
mobile device, or a web application.
Bitcoin as a form of payment for products and services has seen
growth,and merchants have an incentive to accept the digital currency
because fees are lower than the 2-3% typically imposed by credit card
processors.
The European Banking Authority has warned that bitcoin lacks
consumer protections.
Unlike credit cards, any fees are paid by the purchaser not the
vendor.
Bitcoins can be stolen and chargebacks are impossible.
Commercial use of bitcoin is currently small compared to its use
by speculators, which has fueled price volatility.
Bitcoin has been a subject of scrutiny amid concerns that it can
be used for illegal activities.
In October 2013 the US FBI shut down the Silk Road online black
market and seized 144,000 bitcoins worth US$28.5 million at the time.
The US is considered bitcoin-friendly compared to other
governments.
In China, buying bitcoins with yuan is subject to restrictions,
and bitcoin exchanges are not allowed to hold bank accounts.
If you want to know more then check out the full Bitcoin Wikipedia article or watch the YouTube video below.
https://www.youtube.com/watch?feature=player_embedded&v=Gc2en3nHxA4
