EARN BITCOIN READING CLASSIC BOOKS
For many, faucets are their very first interaction with Bitcoin.
Lead developer Gavin Andresen was the originator of the idea, and until late 2012 his site was giving away whole bitcoins in some cases. Look at this transaction, for example. In today’s value, 18 BTC is worth over $4,000. Not too shabby. If you’re interested, here is a list of some of the last payouts Gavin’s faucet gave.
Since then, and even as the price of a Bitcoin has soared into the hundreds of dollars, faucets have grown into an industry all their own. Some are themed, others are simple, and far too many are either broken (never pay out) or advertise for obvious scams, like the April Coin Ponzi. There are hundreds of Bitcoin faucets at the moment, and new ones coming online every month. In this crowded field, an entrepreneur has to do a lot to be unique. Modern faucets require a certain amount of advertising revenue to be profitable. Believe it or not, it is a model that can work. To stand out, they have to do something that no one else is doing. Most don’t care about standing out; it should be mentioned. Most are content with whatever traffic they get, confident that if it all goes wrong they can simply not make the payouts.
One such unique faucet caught this writer’s eye recently, PaidBooks.com. This site allows you to earn a small amount of Bitcoin for reading classic books on the site. Every ten minutes, it pays into your balance, and at the end of the week, your balance is sent to your Bitcoin wallet. This is unique in the faucet space, and so CCN decided to get UK-based Daniel D’Alien (who will be coming out with his real identity before too many months have passed) on the line for an interview about the business model of giving away money.
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