Features | This Man Once Gave Away 1,100 Free Bitcoins to Anyone Who Could Solve a Captcha

A former Bitcoin blockchain developer, Gavin Andresen, funded a free Bitcoin (BTC) giveaway event, known as a Bitcoin Faucet, with 1,100 BTC for free on a website several years ago.

Interestingly, on that website, the way to get free Bitcoin was simply by solving CAPTCHA. This faucet was an important part of Bitcoin's history, especially in its early days.

At its peak, the faucet could distribute up to 5 BTC per user for free, when the value of Bitcoin was still less than one cent per coin. Now, each of those distributions is worth over US$500,000.

Now, the faucet has been announced to be relaunched, though no Bitcoin has been distributed at this time. Bitcoin pioneer Charlie Shrem, who announced the plan to relaunch this faucet, is mimicking Gavin Andresen's model.

-# Image Source: Coindesk