Mass Airdrop (Ended)

October, 2023

BTCMobick tries to re-enact what Bitcoin did by not selling any of its crypto. 

Satoshi Nakamoto demonstrated that 'trust' is the key to giving value to a crypto asset. With no legacy financial behemoths or government influence, Bitcoin has proven to be superior to fiat currencies as it is resistant to censorship, manipulation, and control by any central authority.

Similar to how Satoshi Nakamoto didn't sell Bitcoin but allowed it to create its own value through the ingenious PoW system, Mobick's airdrop functions as a type of PoW system since it is not given to those who do nothing. Participants have to dedicate their time, effort, or cost.

The Mobick mass airdrop unfolded in three phases. 

Phase 1: South Korea 

On March 18, 2023, around 400 people gathered at a mountain in Seoul. Approximately 50 per person, totaling about 20,000 MO, was distributed among them. In Daejeon, it is estimated that over 2,000 people hiked Mt. Kyeryong on 17 and 21 April, with 100 per person, totaling about 200,000 MO, being distributed. Jeju airdrop concluded in May. To acquire all three paper wallets, participants had to take at least three days off, purchase flight tickets, cover hotel expenses, and endure a challenging hike to the summit of South Korea's highest mountain, Mt. Halla. Around 2 million coins were given out to 1,500 people that participated.

Phase 2: the United States
It was held one month later. To minimize the risk of accidents, most of the coins were distributed downtown LA. It was relatively easier but incurred higher costs as participants had to travel to a different continent. Even US residents had to fly out and return to get the same amount as others.

Phase 3: Australia
Sydney and Montville  airdrop concluded in July 2023. Although it required a week-long vacation and additional travel expenses, more than 500 South Koreans flew to Australia.  As you can see, mining costs snowballed as the airdrops progressed.

Compared to World Coin or Pi Coin, the number of Mobick given to each recipient was much greater, which led some people to see these airdrops as life-changing and become avid supporters. Giving small amounts of crypto to hundreds of thousands of people might be good for publicity, but giving large amounts of crypto to a select few creates a very strong ecosystem. 

Although mass airdrops are over, smaller airdrop events by partner companies are possible. Of course, the number of crypto you can receive will be smaller compared to those in previous events.  Mobick is not on any exchanges yet and P2P trading is the only option. 

What caused the airdrop period to be so brief?

Bitcoin Pizza Day provides the answer. On May 22, 2010, California student Jeremy Sturdivant, who was 19 at the time, came across a peculiar request on a cryptocurrency internet forum. He had the opportunity to receive 10,000 bitcoins in exchange for delivering two large pizzas to Laszlo Hanyecz, a 28-year-old resident of Florida.

Sturdivant fulfilled the order by sending Hanyecz two large pizzas, one with cheese and the other a "supreme" pizza from Papa John's. This transaction marked the first instance of a physical purchase made with Bitcoin in history.

The early transactions involving Bitcoin were not something to be proud of. Since it was perceived as a way to anonymously purchase drugs, the majority of people engaging in Bitcoin transactions were involved in illicit activities. While a fortunate few became incredibly wealthy, most people in the world weren't even aware of Bitcoin's existence. Bitcoin continues to face criticism for its association with these early unfair and dark transactions.

However, this was not the fault of Satoshi Nakamoto. He envisioned Bitcoin as having genuine value. Yet, it was impossible for him to shield Bitcoin from all questionable transactions due to the uncertainty surrounding its survival. It is reasonabe to assume that Nakamoto knowingly let junkies handle his brainchild. As you know, parents can do anything to save their kids.  Bitcoin had to endure those dark days as it was the first of its kind.

Transactions that occurred before 2014 should be acknowledged as problematic. Since then, like any other economic activity, Bitcoin has evolved into a legitimate asset through voluntary exchanges between individuals. Early fortunate holders have transferred their Bitcoins to those who firmly believe in Bitcoin's future, albeit at a price. Hanyecz, for instance, repeated the pizza transaction several times and spent a total of 100,000 Bitcoins on pizza that summer. Even Jeremy Sturdivant, who relinquished his 10,000 BTC, did so for approximately $600, likely considering it an incredibly favorable deal.

Bitcoin has transitioned from the hands of those uncertain about its value to the possession of believers. In order for Bitcoin to establish itself as sound money, Bitcoin Pizza Day had better be forgotten.

This is why the Mobick airdrop had to be completed in a relatively short period of time. Though it only took five months, it was reminiscent of Bitcoin’s dark five years. The Mobick project team aimed to complete the airdrop as swiftly as possible to mitigate any unexpected anomalies, and they succeeded. Like any other legitimate asset, BTCMobick is now under the law of supply and demand. Considering that Mobick shares the same topological property as Bitcoin, I believe it is destined to follow in its sibling’s footsteps.

Bitcoin’s initial five years were not cause for celebration, but Mobick’s first five months will remain memorable. At least, it brings a smile to my face every time I think about it.

#Mobick #Bitcoin #BTCMobick #Airdrop #BitcoinPizzaDay