The term and word (free coins) is completely wrong

[daneal stev]

Hello friends, today I want to discuss a very important topic for everyone, especially for beginners, and what I want to discuss today, we hear about it on a daily basis, and frankly, this topic is completely wrong.
The topic is related to the word (free currencies) and this word is wrong and is not correct and we must stay away and stop using it as we see daily posts that include a way to get free currencies
Unfortunately, there is no such thing as free coins at all, and there are no sites or apps that pay free coins to users
All the currencies we get require some tasks, it is impossible to pay money without charge
For example, free bitcoin is one of the most famous taps sites that pay members a few of the Satoshi. Everyone says that this site is free, but frankly, this site is not free, because we can get some satellites, we need to bypass the captcha, so I want to say that the site gets profits from this CAPTCHA. That we solve and skip For example, a person bypasses one CAPTCHA and through this CAPTCHA the site gets 100 Satoshi, the site pays 20 Satoshi to the user and he still has 80 Satoshi profits in addition to that the site gets the profits also from the ads inside it that we watch Therefore, all sites depend on the same method or the method of publishing the referral link to bring and bring new users Therefore, we hope to stop saying this totally incorrect term

I hope to hear everyone's opinions on this topic

Written and translated from
https://bitcointalk.org/index.php?topic=5250746.0

[Upgrade00]

Unfortunately, there is no such thing as free coins at all

Fortunately really, if any commodity was generated and distributed for free the value drops overtime and if it goes on for long enough it will eventually lose all value.
Time, effort, money and ideas (maybe) are all related and can pass as forms of investments which you would get a ROI from, if invested wisely of course. The only distinction is the quality being offered; we have low and high skilled labor, the latter can put a premium on their effort and time.
In the example you cited, the web designer would certainly earn more than those who are paid to build traffic on the site as it's a higher skilled labor.
~ so, the higher the skill, the more valuable your time is

[alani123]

Truly faucets aren't worth anyone's time. At least nobody's time in the western world. And for those in other countries, the ads don't pay the website owner most of the time for such territories so they are probably blocked from accessing the site. The coins are neither free nor worth it. In the vast majority of cases it would be more worth it to try and develop a skill, learn something or simply have fun... I could see more value being derived in even playing a game. Enjoying yourself can make you productive in real work...

These faucets continue to lure in new users by claiming their are giving "free coins" but the word used should be the least of anybody's concerns. Such activities are just never are a good time investment.

[guigui371]

Unfortunately, there is no such thing as free coins at all, and there are no sites or apps that pay free coins to users

You can get "free" coins without doing any task, but those coins may not have a monetary value.

If I create an ERC20 token for fun, not backed by anything tangible, the coins will have a value of 0 and will always.
I could  send you some.  They are free but have a value of 0.


I guess, what you say is that no one will give you "money" for free.... well, internet is the same as real life, you gotta work for your bread and butter.

You could always try to "beg" for free stuff, but even begging is a "task" so they don't become free.

[The Cryptovator]

"Nothing is free on the world". When a person will ask himself, why somebody will give me free money where we don't know each other? There is must some hidden reason why they are paying you even single satoshi. If you say some airdrops just required ETH address and there is no any other task. But you don't know why they are giving it free. Indirectly you are selling your ETH address although it's not harm for you. Because the team will show to exchange how many address holding their tokens. Perhaps exchange would list them and you will forced to sell your token on that listed exchange. So ICO could get listed on exchange and exchange get a probably new trader. That's how no one giving you money totally free. Anyway nothing new on your topic since everyone know this strategy.

[Ryker1]

[snip]
Unfortunately, there is no such thing as free coins at all, and there are no sites or apps that pay free coins to users

Well, I smell that you are pointing out the gambling site that has to offer a faucet, it is named ^{[Freebitco.in]}. This gambling site you can able to collect 20 satoshis per hour through the faucet. But I disagree with this, you can still earn free coin but not worth it. Perhaps you are trying to say there is no free money on the internet and that right as of now. But collecting free coin is possible but you can't able to withdraw, the intention of this site is to test their product service through the free coin they gave. Indeed, there are too many factors of getting coin for free but I don't know if there is value. ^{[airdrop, faucet & giveaways]}

[royalfestus]

I wish you can stress this again. Have had several argument else where on the qualification of free for tokens here especially bounty, it mostly come from high rank members that have made so much money from the space and forum, and want to disregard the activities and worth of the reward. It is dispointing to see what ICOs had done to startup but as bounty hunter in the forum I made as much investment in startup as the reward earn, which gives me the position as investors. We all see how difficult to earn the ranks, keep a good post on the thread and earn any reward here.

[Nellayar]

"Nothing is free on the world".

Aside from oxygen. Kidding aside

But this is really true. In fact, even illegals need to work just to have money. Coin in cryptocurrency is not free at all since we have to make a task/s just to get the airdrops or free coins. And each coin that we received is useless because only few cryptocurrencies are paying worthy in giving free coins. Most of them are just a waste of time. It is just good to see at first because it has a large pool, but when it comes to your wallet it goes a dollar only (worst scenario if you got cents).

[Charles-Tim]

I have noticed this long time ago, but this write up explained it more, I registered on a site to solve captcha and be paid, I had to research about how faucets are generating their income because I solved captcha on faucets too, I later realized people thinking they are getting free coins are actually the one working for faucets or any other site proving to give free coins by solving captcha. 20 satoshi for individual per hour after solving captcha is not profitabe at all but the sites if true generating 80 satoshi per millions of visitors/user makes them rich, people only working for them thinking it is free coins but not.

[NavI_027]

For example, free bitcoin is one of the most famous taps sites that pay members a few of the Satoshi. Everyone says that this site is free, but frankly, this site is not free, because we can get some satellites, we need to bypass the captcha, so I want to say that the site gets profits from this CAPTCHA. [...]

Okay let's say you're right (I am not familiar on how faucets get their revenue lol) but actually everything makes sense for me. That's why I understand if those sites used the term "free" because you can really get free satoshis without putting money out from your own pocket. Few clicks never bothered them anyway hahaha. Besides, "free satoshis" is more effective and convincing slogan compare to "Get satoshi for clicking" etc. — that's how advertising works.

[hd49728]

You can get "free" coins without doing any task, but those coins may not have a monetary value.

There are something free but to cash them out into fiat and get real monetary value in hands, it depends on luck. Some shit coins have incredible pumps but it does not mean that people who participate in and get free coins will always have chances to cash out at the right time of pumps and get really good monetary value back.

It means people need to have both: luck to join in increadible shit coins but having incredible pumps and exit at the right time and good price.

There is big risk when participants will be tagged with negative feedbacks by supporting scam projects. Negativity on the forum, on your account and beyond the forum when your friends, relatives, neighbors think of you as scammers.

[pooya87]

Unfortunately, there is no such thing as free coins at all,

actually there are. for example during 2017 whoever owned any amount of bitcoin (own means having the private key of the address holding those "coins" not having it on some exchange) received more than 50 different coins for free. all of them are shitcoins but they could all be dumped for valuable bitcoin so it was free money.

but generally speaking you are correct. every time you see someone is promising "easy money" they are most probably lying and are trying to scam you. it is definitely a scam if you are supposed to download/install something.

[boyptc]

There's this term free profit or free money but you need to exert effort working for it excluding those faucets, we still have the affiliate program of casinos.

It's free money once you are able to get a good referral but it's not an easy task. They come and go.

[Maus0728]

All the currencies we get require some tasks, it is impossible to pay money without charge

It is not just about the task you are doing for the sake of receiving free "shitcoins", you are also unaware that you are willing to surrender your identity (Know Your Customer) to an unknown project just to receive a worthless, vaporware token.

This is the stage where you only value a few bucks rather than your personal information which might eventually used for unconstitutional selling which is a profit for people behind the project.

Scary!

[Darker45]

Well, then, I guess there is really a good deal of truth in "There Ain't No Such Thing as a Free Lunch" (TANSTAAFL).

But, yeah, anything that has the word free in it, especially if we are talking about sites and offers and the like, it should be approached with utmost caution if not dismiss it altogether as an outright scam.

And to end up safe rather than sorry, it would be prudent not to chase that which is free most of the time. If not a scam, it would probably be worthless.

But of course it is not absolute. There was once a time when a totally legit faucet gives you free 50BTC.

[mk4]

This has been said from time and time again when people say that they get free sats from faucets and get free altcoins from those airdrops and bounties. But indeed in fact, none of these things are free due to the time, effort, and data people give them. They mostly say that these are free just because they didn't buy them.

[Findingnemo]

"Cryptocurrencies = free currencies" to the people who don't know anything about cryptos but they heard the word crypto somewhere. That is why most of the newbies asking how can I get free coins and wants to become rich overnight.

Giveaways, airdrops, bounties, faucets, etc still needs some kind of task from us to get rewards so we should boycott the word "free currencies" from now on.

[crwth]

It’s not just in cryptocurrencies but anywhere in the world in which is something that says it’s for free there is usually an exchange for something. Most of the time it’s for your valuable personal information like name, email address, and contact number.

Everyone probably experienced this one time or another.

[Assface16678]

There is no really free on this time, some of the platform that they are giving feee those coins and most of the time we called it as the faucet or bounties some of them are using applications or just a website platform but the real thing is they are getting our information too, how?, with the use of the cookies and advertisement they can easily get those information you are using also with the use of the emails they are requiring if you want to use their platform and also be careful on it.

Some of them are just basically a scam that you will regret as soon as possible always make a research and some of the members already given the things you need to avoid on it.

It’s not just in cryptocurrencies but anywhere in the world in which is something that says it’s for free there is usually an exchange for something. Most of the time it’s for your valuable personal information like name, email address, and contact number.

Everyone probably experienced this one time or another.

Personal information are one of the most important thing that you should not share with others because they can probably use your information to the future.

[Subbir]

Free bitcoin is great for getting free BTC but it'll depend entirely on luck like a lottery But referral links have a better risk of being scammed this is often why you ought to refrain from sharing these and providing your personal information. The sites usually collect all the knowledge within the name of free exchange so do research and work carefully.