It is so weird that four days after writing about custom subsidized airdrops that El Salvador would announce just that.
Talk about luck of the draw.
Adults In El Salvador To Get $30 In Bitcoin As Nation Unveils Details To Make Crypto Legal Tender
Seriously?
So weird.
Now, obviously $30 is not a lot. You might be thinking $30 is worth more in El Salvador, but at best it's only worth twice as much as far as purchasing power for goods and services is concerned. Still, no one is going to say no to a free 60 buckaroos.
More and more it seems like the guaranteed future of the economy is just giving stuff away for free because more value is generated that way than not. From video games to free samples at Costco to full blow currencies at this point, free swag seems to be the hook that pulls users in and keeps them interacting with the economy in question. 'Takes money to make money' is absorbing an entirely new meaning.
Funny because this is only the sad opening act. Many of us who find ourselves deep within the space might not even bother to claim a $30 airdrop. Especially true after being spoiled with an airdrop worth thousands from Uniswap.
I think it's highly likely that airdrops like this in South/Central American countries will continue on with great success. I half expect some kind of coalition to develop and perhaps a unique currency to represent that coalition.
Imagine a crypto much like the Euro coming about that unites countries like El Salvador, Venezuela, Mexico, Panama, Guatemala, Columbia, Peru, Brazil, etc etc. Something like that, with a provable consensus algorithm that prevents any small group from controlling it, would automatically gain a lot of support worldwide. The information being collected for these paltry airdrops today could be used multiple times by multiple token distributions down the road.
El Salvador’s ambitious three month timeline to implement the law, which Bukele’s statement suggests is unchanged, was imperiled in mid June when the World Bank rejected the country’s request to help it implement the crypto as legal tender, citing risks to the environment and of financial crime.
Classic banks!
As if banks give a shit about the environment. As if terrorism isn't financed by USD constantly, with governments themselves being the biggest perpetrators of atrocities; creating an environment for "freedom fighters" to thrive.
No, rather banks don't want Bitcoin to be legal tender, because they don't. Because they'll say anything to avoid adopting a technology that threatens the status quo. That's just obvious capitalism and politics at work.
Dat volcano money
This makes it especially hilarious that they would site energy consumption as a concern, seeing how Bitcoin is leading the charge in green sustainable energy, funding these massive endeavors that would have otherwise been impossible to scale up profitably. How long before the masses stop gobbling up this propaganda, I wonder. The tides seem to be turning quite quickly in that regard. It won't be long now.
While the banks may have the power to stop this from happening in the short-term or at least mitigate the damages to their own business, it's going to be impossible to stop this tidal wave from crashing in the grand scheme of things. Imperialists can stop El Salvador from creating big waves, but can they stop all of Central and South America? Highly doubtful. Sooner or later there's going to be a lot of friction between these various power plays. Let the sparks fly!
Conclusion
To some, this airdrop may seem like "free money". In my opinion, that's not what airdrops are. Airdrops are a way to pay users to learn about the network and incentivize them to bring in more value than they were given. Statistics don't lie: airdrops work with flying colors.
The irony here is that El Salvador is using KYC to issue these subsidized airdrops. The legacy economy and crypto are slowly merging together, and the advantages of both are being paired to make something greater. This airdrop would not be possible without the KYC measures that El Salvador already has in place. Let that sink in a bit.
Let it be known that no one who actually understands the situation actually cares about Bitcoin's energy usage. The manipulators hand-crafting these deceptions know exactly what they are doing. They are the same ones who said only terrorists and drug dealers use Bitcoin. No one is buying that bullshit anymore, so they move on to the next thing: energy consumption and pretending to care about the environment while not actually doing anything to help. Thousands of people parrot this lie because the message is shoved down their throats constantly.
"Who doesn't care about the environment?!"
"My god! You monster!"
The funny thing here is what's being heavily implied. The amount of energy being pumped into Bitcoin runs parallel to its value. If Bitcoin drops in value, hash power will drop, and vice versa. Someone being worried about Bitcoin "energy consumption" is the exact same thing as being worried about Bitcoin gaining value. This is the real issue, and it is fully a Catch-22 paradox.
If Bitcoin becomes worth more value, and energy consumption does indeed increase, that is nobody's fault but the central banks that claim to be worried about the environment. Bitcoin can not succeed in a non-corrupt environment. In fact, I would argue that it can only succeed in an ultra-corrupt atmosphere as the remaining beacon of unavoidable truth/consensus. If we could trust central banks, Bitcoin would be a worthlessly inefficient database and nothing more, which ironically reduces its energy consumption to zero. Yeah, not gonna happen.
It will be interesting to see how this plays out. There are a lot of powerful people out there that want this thing dead in the water. Will they get what they want, or has the world had enough of their nonsense? Something has to give eventually.
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Return from El Salvador: $30 BTC airdrop to edicted's Web3 Blog
