THE FAUCET CORRUPTION

By Wolf2015 | My Crypto Info | 29 Oct 2020


Cryptocurrency was designed to be earned freely, and allow the user to decide where they wanted their earnings to be deposited. The idea was to allow the users to use any wallets they chose to receive their Crypto. At first this was the way it was happening. Users were typing in their wallet addresses and just solving an easy captcha and nothing was out of the ordinary.

 

Then some strange things started happening in the faucet world. Micro-wallets, which seemed like a good idea came into play. At first things were fine but then something happened that was to become a disaster for faucets.

 

The first thing that destroyed faucets was Coinpot. Even though some got paid there were many complaining about non-payments. There was also complaints about deposits being sent that never was credited to the account. Moon-bitcoin was the dominant faucet when they allowed the user to decide, as it was meant to be, where they wanted their funds. This activity of preventing the user from deciding where they want their funds will eventually destroy their revenue as well.

 

Another Company that is using these same anti trust abuses is Coinbase. Coinbase is centralizing faucets for Bitcoin Aliens as well as others. Coinbase seemed to have forgotten that the User is the true power of where they want their funds. By preventing the individual to decide which wallet they want, not only Coinbase will fall should they be destroyed, but all the faucets that they have centralized will be destroyed.

 

Faucets are for every single person, and they are not to be centralized on a single company, they are to be left up to the individual that is using the faucet to decide. You will see I have actually looked into Bitcoin Aliens and the information is sketchy. It does not matter if the company that designed the application is in panama, it is the trail it leads to. I will leave those links you will see for yourself.

 

When Bitcoin was created, it was designed to allow the individual, not only to have control of their own wealth, but to have control of every aspect of their life. With crooked companies centralizing the earning streams it is a direct contradiction to the inner workings as well. Bitcoin as well as other Cryptocurrencies were designed to be DECENTRALIZED, not centralized.

 

 

 

 

 

References:

 

Who Owns Bitcoin Aliens

 

https://www.whois.com/whois/bitcoinaliens.com

 

Who is Digital Ocean

 

https://www.whois.com/whois/digitalocean.com

 

 

 

How do you rate this article?

1


Wolf2015
Wolf2015

Author, Veteran, Journalist, Investigator, Patriot. Determined to staying Curious as My teacher, who passed, always told me to do. Believe no one, Listen to everyone, but only trust what you yourself can verify with your own research. Never believe anyone


My Crypto Info
My Crypto Info

Education of cryptocurrency from a person who actually lives off of mining and how to understand the many ways you can earn. Must research all for yourself, because results can vary depending on your miner and internet connection

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.