Features | This Man Once Distributed 1,100 Free Bitcoins to Anyone Who Could Complete 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 completing a 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, at a time 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, although no Bitcoin has been distributed at this time. Bitcoin pioneer Charlie Shrem, who announced the relaunch plan for this faucet, is mimicking Gavin Andresen's model.$BTC #BTC☀