Bitcoin faucets have been around for several years now, though some disappear pretty quickly. There is no guarantee that any website will be here tomorrow, so what is a good rule of thumb to decide whether a bitcoin faucet is worth working with?
One metric I use is the Lindy Effect. The Lindy Effect is a heuristic (a “rule of thumb”) that states:
The longer a non-perishable thing has been around, the longer it is likely to stick around…
This heuristic was articulated by Nassim Nicholas Taleb in his book Antifragile in 2012, where he writes,
If a book has been in print for forty years, I can expect it to be in print for another forty years. But, and that is the main difference, if it survives another decade, then it will be expected to be in print another fifty years. This, simply, as a rule, tells you why things that have been around for a long time are not “aging” like persons, but “aging” in reverse. Every year that passes without extinction doubles the additional life expectancy. This is an indicator of some robustness. The robustness of an item is proportional to its life!
Nassim Nicholas Taleb, Antifragile, p. 318
All the faucets I mention in the video have been around for several years now, so (all things being equal etc) we can reasonably expect them to still be around next year and beyond… That is not a guarantee, mind you, and certainly not investment advice…
Launch Dates of Bitcoin Faucets Mentioned In The Video
| Bitcoin Faucet | Launch Year |
| Freebitco.in | 2013 |
| Cointiply.com | 2017 |
| Autofaucet.Dutchycorp.space | 2018 |
| Firefaucet.win | 2018 |
| SatoshiHero.com | 2018 |
| TrustDice.win | 2019 |
| CrytpWin.io | 2020 |
Video Transcript
In his book “Antifragile,” Nassim Nicholas Taleb discusses the Lindy Effect. In fact, it’s this book, “Antifragile,” that made the Lindy effect idea popular. Now, the Lindy Effect suggests that if something has already survived for a certain period of time, something non-perishable, then it is likely to continue surviving for a similar length of time in the future. And this principle has been applied to various areas, such as technology, ideas, and books (not individual books, but the book itself), so, the book “Antifragile,” not this particular copy of the book “Antifragile.”
I want to use this concept of the Lindy effect to look at the launch dates of Bitcoin faucets when considering whether to work with them or not.
FreeBitco.in – The Big Daddy of Bitcoin Faucets
Now, the Big Daddy of Bitcoin faucets is FreeBitcoin, which was launched 10 years ago as I make this video in 2013. So, according to the Lindy effect, we could reasonably expect Free Bitcoin to continue operating for at least another decade. Now, this is not a guarantee; it’s just a heuristic or a rule of thumb.
Cointiply has been around since 2017, 18, or 19, depending on which source you look at. So, we could reasonably expect it to continue for another few years, and the same with AutoFaucetDuchyCorp launched in 2018, with FireFaucet.win launched also in 2018. A lot of these sites were launched in 2018. SatoshiHero, a site that I use, launched in 2018.
TrustDice, a more recent site that I have started using, was launched in 2019. And youngest of all, and yet a site that I’ve been working with, is CryptoWin.io, and even in that case, it was launched in 2020, actually in November 2020. So, it’s been going for about three years, which means it’s built up enough of a life… it’s existed for long enough for us to reasonably expect that it will go on for another few years.
My Most Tried-And-Tested Faucets
So, the real point I’m making here is that when we ask the question, “Can we trust these sites?” Well, of course, we have to do our due diligence, but I can tell you, and you can check on my previous videos, that I have withdrawn multiple times from FreeBitcoin. It’s a very regular occurrence for me to send crypto across from FreeBitcoin to other sites.
I have also regularly withdrawn from SatoshiHero. As soon as I accumulate 30,000 Satoshi in SatoshiHero, I send that over to FreeBitcoin.
And I have started working with CryptoWin and with TrustDice. I haven’t yet attempted to withdraw Satoshi from these two somewhat newer sites. However, I can tell you that FreeBitcoin and SatoshiHero are two sites that I have personally withdrawn from many times, withdrawn crypto from many times.
How I Work With Bitcoin Faucets
So, the point I’m making here is that as long as you take some care, you can work with these sites. Again, in my case, as I’ve mentioned in previous videos, I never put hard-earned cash out of pocket into these sites. I always start from zero, and I will put in satoshi that I’ve earned online from other sites, either other faucets or earnings and commissions from various affiliate programs.
So, I hope by checking out this chart [above], if you’re thinking about using these sites and were a bit worried about whether you can trust them or not, this gives you some context. That they have survived for several years, that gives a greater probability of their surviving for a few more years, at least. But there is never any guarantee, so take care, but start working with these sites if you’re interested in so doing.
And if you enjoyed this video give it a like smash the Subscribe belt no no smash the Bell give it a like And subscribe and all the rest of that good stuff until the next exciting video from me David Hurley of davidhurley.net.
David Hurley
#InspiredFocus
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