PSA: Unsure about the new faucet/crypto invite? Ask for transaction proof!

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4 years ago

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This is gonna be another short PSA, not because I have nothing to say about it, but because it's really important right now.

Let's have a small scenario. You're a newcomer to the crypto community, and you don't have any cash. The first thing you should do, of course, is not searching for any free bitcoin faucet websites (See my PSA about scams). It's also not approaching every faucet/group referral links immediately. You need to know how to determine which faucet is real and which is not. One of the best ways to learn is to ask for actual transaction proof.

Why? Bitcoin's blockchain is a public ledger (those are two different websites). This means that any transaction is public (in the form of public addresses, their transactions, and also other smaller things like transaction fees, the messages, etc.) and it means that their screenshots must have some sort of truth. Or do they?

These days, you can fake everything. Heck, I even thought about faking a transaction by recreating the whole transaction hash, make it output a legit-looking transaction, and tadaa. But that's the beauty of cryptocurrency, you can't do that without going through hoops.

So, you need to be able to do the following if you were approached or want to approach things like these.

  1. Get someone who uses it.

  2. Get their transaction record (ask by showing a link from one of the Bitcoin/Ethereum blockchains with visible transaction ID).

  3. Verify transaction ID.

  4. (Optional) Verify the date of the transaction.

  5. (Optional) Verify the Addresses used in the transaction record.

This system isn't foolproof, however. Others can send others' transactions and claim it as there's. Then it all comes down to asking other Cryptocurrency community members instead. But be vigilant!


For a list of actual working websites, here's one from HowToEarnBitcoinOnline:
https://bits4.me?mref=16

Bits4.me is a website with verified working faucets updated every day. To learn more about Bits4.me, join the Telegram:
https://t.me/howtoearnbitcoinonline


You also might be wondering about the #PoweredByMonolith comment. That's because this post is for The Monolith Society. Here's the instruction on why I did this:
https://read.cash/@Monolith/double-rewards-for-the-authors-30219428


Any person can share this post, granted that people are to credit me.

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4 years ago

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Very nice post which is giving me a lot ! :) Waiting for more articules from you ! Like and subscribe ! :D

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4 years ago

@Monolith simpleledger:qrggzx8ez8mv2weag4dqyrnm44knthv3xqut75nqkk

I hope it works. This is just me testing your things, @Monolith!

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4 years ago

Nicely done Rowan, we are here for our users, and we surely check every content. Your account have been awarded with 0.5 LITH

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4 years ago