Former CEO is one of the first bitcoin-birg Bitinstant Charlie Schrem launched the site with an appeal to return CranesWhere users can earn the first cryptocurrencies for solving problems.
Working on Getting the Bitcoin Faucet Going AGain AT https://t.co/mhkgsr6h41
– Charlie Shrem (@charlieshrem) May 4, 2025
The resource launched by the entrepreneur 21million.com I simulate the first Captcha page in the history of digital gold, created by Bitcoin-innovator Gavin Andresen back in 2010.
Its users solved the problems of identifying bots.
The 21million.com shows the Captcha screenshot and the field for entering the recipient of coins, which does not function at the time of writing.
The resource also indicates that 0 BTC is available.
Visitors to the website can learn about the first cryptocurrency and ways to get it. According to Schrem, on 21million.com “there are no pitfalls.”
The entrepreneur added that the resource was launched thanks to the prompts of AI.
Bitcoin crane contributed to the adoption of the first cryptocurrency at the dawn of its formation.
On Andresen’s website, users received 19,700 BTC worth $ 1.86 billion at current prices. Visitors could earn up to 5 BTC per day.
Bitcoin Crane encouraged the creation of wallets and transactions, which contributed to the expansion of the audience and an increase in the acadity of digital gold.
Alternatives like FreeBitco.in began to offer similar services from 2011 to 2013.
As the price of bitcoin and an increase in the commission for transactions, the reward was reduced, which led to the instability of the model.
Currently, Schrem is managing the Druid crypto fund with Aum At $ 13 million. It also leads the Podkast The Charlie Shrem Show, whose guests were key participants in the industry.
At a certain stage, BitinStant accounted for up to 30% of all bitcoin transactions.
In the period from 2011 to 2013, the platform attracted funding from a number of business angels, including Roger Vera. By that time, BitinStant was one of the largest in the industry.
In January 2014, Schrem was arrested on charges of laundering money and indirect assistance in conducting bitcoin transactions totaling $ 1 million.
Recall, according to the aggregate of charges, the entrepreneur threatened up to 30 years in prison. Schrem recognized some of them and after two years in the federal prison of Pennsylvania was released in June 2016.
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Source: Cryptocurrency
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