Quote from: UserU on July 10, 2021, 09:38:14 AM

Quote from: traderethereum on July 10, 2021, 09:00:17 AM

I wonder how the government will give that bitcoin for free?
If the government ask them to register online by providing their wallet and send them the bitcoin, maybe it can be done.
But if that is real, it will attract more attention from people to get that $30 in bitcoin and maybe they will just hold it without want to sell it.
Besides that, it can help bitcoin grow in El Salvador because people will try to know and learn more about bitcoin.

Quote

The government will create its own Bitcoin wallet called Chivo, which is slang for “cool” in El Salvador, Bukele said during a national address on Thursday night. The funds will be deposited into the account of any citizen who downloads it and registers as a user with their phone number and ID number, he said.

Source: https://www.aljazeera.com/economy/2021/6/25/free-bitcoin-el-salvador-offers-30-of-bitcoin-to-boost-uptake

The government needs to guard the process because the citizen can do many things and not all citizens will be aware of that.
The citizen who does not register as with their identity can be used by people who want to get that bitcoin, which is a serious problem.
Well, we hope that the process can run smoothly and there are no problems at all.

Quote from: 7788bitcoin on July 10, 2021, 07:43:39 PM

Quote from: traderethereum on July 10, 2021, 09:00:17 AM

I wonder how the government will give that bitcoin for free?
If the government ask them to register online by providing their wallet and send them the bitcoin, maybe it can be done.

It is a promotional activity by the government to attract users to Bitcoin and giving away free Bitcoin is the best promotion they can give to attract new users because $30 might be a decent amount for the normal citizen to avoid.

Hopefully, they can use this way to make their citizens aware of bitcoin and use bitcoin.
Giving them an incentive for $30 in bitcoin is a good way to introduce bitcoin to their citizen.
Hopefully, the promotion can run successfully.

Quote from: 7788bitcoin on July 10, 2021, 07:43:39 PM

Quote from: traderethereum on July 10, 2021, 09:00:17 AM

But if that is real, it will attract more attention from people to get that $30 in bitcoin and maybe they will just hold it without want to sell it.
Besides that, it can help bitcoin grow in El Salvador because people will try to know and learn more about bitcoin.

I would be surprised if anyone would hold the giveaway, the poor will always consider it as an opportunity to get free money and usually move on and majority will be selling the coins once they get credited but some might use them for the long term, it is a tricky situation and it can be used as a test for adoption by other countries.

If those people hold the giveaway and do not sell it right away, they will have the opportunity to make a lot of money in the future, especially if they can search for other ways to produce more bitcoin.
Maybe before the citizen registers themselves to the government, they can search for more information about bitcoin so they know what they need to do after receiving the giveaway.
If that is a success, the other country can do the same and boost the adoption process.