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Jack Dorsey has sparked excitement across the crypto community by teasing the return of one of Bitcoin’s most iconic inventions—the Bitcoin faucet—through his X account. The initiative, tied to his payments company Block, has not yet provided detailed information ahead of its official launch, but the announcement has prompted renewed interest among long-time Bitcoin users.
The concept dates back to June 2010, when Bitcoin was still largely a niche experiment. Gavin Andresen, one of the earliest and most influential Bitcoin core developers, launched the original Bitcoin Faucet to help onboard curious users into the ecosystem.
The premise was straightforward: users visited the site, completed a CAPTCHA, and received free Bitcoin.
Each faucet visit paid out 5 BTC. Andresen funded the faucet personally using 1,100 of his own mined coins. At the time, those 5 BTC per visit were essentially without meaningful value, but their worth has increased dramatically over time.
The faucet operated for several years and distributed tens of thousands of BTC in total. Eventually, rising Bitcoin prices made the model unsustainable.
Dorsey’s revival is being framed as a callback to Bitcoin’s early, community-driven roots. While Block’s version is not expected to distribute whole coins to every visitor, the symbolic value of reintroducing the faucet concept is tied to lowering the barrier to entry for new users.
With Bitcoin now a regular topic in mainstream financial discussions, the timing of the initiative is presented as strategically aligned with efforts to introduce a new generation to the network in a more accessible, hands-on way.
In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…
