Crypto-Faucets

Mile Markers on the Crypto Highway

By Keith Thuerk | New to Crypto's? | 23 Oct 2024


Mile Markers on the Crypto Highway

 

It's been a long time since I have written one of these mile marker pieces, I am almost embarrassed to bring it up now.

When I started down the Crypto path during the Global lockdown event, I jumped in big into of course, Crypto faucets. Even though I read all the warnings they are not worth your time nor effort. I was convinced I could make them work by being consistent. Each hour (if permitted), all was well until early in '21 when my first Crypto faucet put out a notice to withdraw your crypto dust to a wallet as they were shutting down. I did as instructed, then within a few months that 'dust wallet' site went offline never to return.  Lesson #2 I ignored.

I kept on plowing in my 2-5 minutes hourly racking up more Crypto dust, then late last year one of my favorite sites went offline w/ a banner stating they would be back. Oh, I had such high expectations they would as this was a Chainlink Faucet and I have 'earned' 2.95 LINK and the site required 3.3 LINK to withdraw.  Well, here we are nearly 365-days later and their site is still offline.  Lesson #3.

About that same time a BTC faucet started blocking me since I am in the USA. Seems our SEC chairman scared the pants off them and I was not able to access my BTC dust. More crypto dust 'earned' but no longer accessible. Lesson #4

In early January of this year another big name faucet site went offline and quickly after their after their DNS resolution stopped working so, I knew they were not coming back!  Lesson #5

So, here we are 4.5 years into Crypto faucet time suck I am 97% complete to an entire LTC token.  Yes, almost an entire LTC over 4.5 years and its value is currently worth only $69, earning me only $15/year...IF I actually get to move it to a wallet.  Who wants to wager that site will go offline before year end?

Call me crazy, I can't break the crypto faucet cycle. Is there a 12-step program I can join to overcome this insane addiction?

So I admit they are not worth my time, why has it taken so long to recognize this? So many lessons ignored and crypto dust lost to the sands of time. I need to be more productive with my Crypto. 

 

Thanks for stopping by and cheers to a more productive Q4 in Crypto!

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Keith Thuerk
Keith Thuerk

Currently learning about Crypto and DeFi to combat the Inflationary Tidal wave coming our way!


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