Bitcoin Forum

The idea is this:

1) A [edit]physical[/edit] shop open to the public
2) People are free to enter and leave, there are no employees, just surveillance.
3) The shop is completely automated and the rules are known.
4) There is a donations address to run a bitcoin faucet to give coins for people that frequent that place, only.
5) Every time you shout "Bitcoin!" out lout an automated system with microphones and cameras recognizes your "bitcoin!" shout and according to the faucet supply available will send you coins.

Everyone will be shouting the word "bitcoin!" inside a [edit]physical[/edit] shop open to the public.
The less crowded it gets the less coins will be available as supply, but there will probably be more donations coming in, making the supply always nice.

What do you think?
I think it would be quite crazy but would be making bitcoin more popular.

The idea fails at point 4 and gets exploited at point 5.


4. Donation will dry up soon.
5. Demand will increase sooner with some people wearing mask continuously play a record shouting "bitcoin".

Why do you think that more donations would keep coming in?

How would you prevent people from claiming too quickly?

What else does the store do? Is it just an empty room with a mic and camera for the sole purpose of giving away bitcoins?

Lastly, how would you know what address they receive the coins at? How would they withdraw?

I think it is not a bad idea. The shop might have ads or something to help fund the faucet. There might be a timer (5 min for example) for controlling the claims (only one claim every 5 mins). People might wait in queue just to claim Bitcoin!. Other people would see the queue outside and be curious, so more people get to know Bitcoin.

As other fellow poster said, there are some things to take care off, but idea seems good to me.

You can get a domain name free (.tk for instance), web hosting free (acceptable for lower traffic faucets), and faucet scripts are available free online as well.  Anyone with even a little technical know-how and a few Satoshi to fund the initial wallet balance can create a faucet with little to no expenses.  The ability to do so makes running an online faucet fairly simple, cheap (free) and leads to sustainability and perhaps even some profitability.

I'm not sure the same can be said for a physical Bitcoin "giveaway" shop.  The overhead costs of building and implementing the camera systems, microphones, coupled with the capital expenditures of purchasing a building and perpetual taxes, insurances and/or rent don't lend themselves to a physical Bitcoin faucet project that even sounds remotely sustainable or profitable enough to justify the efforts.  I'd gather, in fact, such a project would bleed money and result in perpetual losses unless you figure out some really unique way to monetize the building and the people inside...and I can assure you, if people aren't getting paid enough to justify them standing in line, yelling "bitcoin", and spending time/money to go to the shop, it's going to be hard to keep the business afloat.

nice updation on the topic , it is very nice idea , but for donation he has to make advertisement like what all faucets are earning through advertisement revenue and giving free sathosi.



what you are telling is also correct , but faucet idea became too old. i think this idea is also cool of setting up a shop for earning free bitcoins.

This seems like the worst idea in the world

And I thought up some crazy shit.

Although this will more likely not going to work as planned, it is an interesting idea!

even if you don't have any employees, a storefront still costs money to maintain.

Ads might cover some of the faucet money, but will never be enough to pay rent and electricity for the shop.

i think something phisical(phisical shop right?) can not attract as a many people as something online no matter what

with internet you can spread the awareness on the entire world not only locally, or on your country

you can always open tons of those shop but it would cost more money, especially with the added surveillance

Yeah thats a good point unless the demand for watching the shop of a live stream increased.  It could make for great reality TV, but if it did why wouldnt they do it in fiat also and have other tasks/words to do/shout.

Yes, I agree with this. With the physical shop, you will limit yourself to just a certain number of people, unless you place a shop in a downtown Manhattan for example. But this would be way to expensive.

Some online solution and right advertising would reach many more people than a physical shop. It would be also less expensive since you don't pay a rent, bills, etc..

the idea of faucets were to give new people a few satoshi's to play with and learn what bitcoin is all about.

but now out of 1000 uses, only 1 receipt of satoshi's is to a new person never having any coin before. and the other 999 are people raiding the faucets to try making a living on it..

faucets are old and redundant now, your better off making 1000 paper wallets explaining bitcoin and how to use the privkey on the paper to get to use bitcoin. and simply go somewhere with lots of people .. and just throw the papers out a high story window, like confetti to all the random people below.

no advertising. no coaxing bitcoiners to go there.. the point being that its for random new people, not the raiders hoping to get rich from give-aways

People would donate because they knew this would be making bitcoin more popular and talked about. So, would mean publicity to bitcoin. Would attract a lot of attention and maybe even be featured on the media/news.

People could shout as quickly and as many times as they wanted. That would make it more "fun" (or just more crazy, maybe). It would be fair because after all you have to do some more effort to shout more times than others. The more fit/able/commited you were to be shouting it as quickly as possible the more you would earn.

Maybe advertising on the walls or some vending machines, bitcoin ATM... but the idea is that it would be a bit of a void/empty physical shop where people could enter and leave without much problem. Maybe a live show streamed online, also, possibly, as was said.

The address for donations and rules would be on the front door, I guess.

Also maybe a Kickstarter project could be made to crowdfund the franchise of all the equipment/hardware and software required as: open products. So that anyone wanting to to such crazy shop would have that already worked out.

Seems like a great idea but number 5 might get abused but overall looks like a good plan.

Another way of giving away the coins would be:
50% would be given as said: with a faucet. The other 50% of all donations would accumulate into a jackpot prize that would be given randomly at specific blocks, well known in advance, using the /r/millionairemakers way of drawing a winner and so that the more times you shouted bitcoin during that period holding the jackpot, the more chances you would have in winning.

The formula has been repeated many times here, but in case you don't know it yet you just need to use the modulus operation, %:
{total_number_of_bitcoin_shouts % block_hash_draw = entry_number_of_shout_to_find_winner}

What if, as someone said earlier, someone brought in a speaker and just played a recording of them shouting "Bitcoin" over and over?

I meant how would the customers get their faucet payment?

You need to generate funds so have a regular type faucet page that must be visited to gain entry. The more visits the more time you get in the shop, paying with your faucet winnings. It would be like a faucet lottery but since there is the physical shop ( I'm assuming you mean a second life type room) you could actually see that there are winners.
I don't get the shout thing. After a certain amount of visitors all the shouting would just make a static noise.
It sounds like something you could build with second life or similar platform though
If you build it I'd check it out

idea is really crazy , but their are so many loop holes which you have to work out for getting success in this project.

Instead of shooting "Bitcoin", shoot something that's in the news or in vogue or some brand name.

answer-1) People wouldn't be allowed to use speakers to reproduce/faking a voice. That would be one of the rules. And you could report/alert for abuse so that this user was warned and if necessary denied access and blocked.

answer-2) Maybe you would have to be registered on the website of that business. Once registered you could set/edit your bitcoin address to receive funds. It would also give you the password to access the building/shop. Every hour you would have to come out of the building/shop and enter your password to see if you were still allowed to enter that place.

I'm suggesting this very good option

http://digicoin.website/site/?r=12v4FhHp3fJKXQQvM9ZMEWNwJBqUt75xCS

Exactly what I was thinking. People jump often on the idea of free money and this is no exception when it comes to that. There donations would need to be consistent and able to support all of these people coming in for free money regardless of how little money they get or how much. The exploitation would definitely arise and it wouldn't work out in the end in my opinion.