Bukele ‘Has Not Responded’ to Claims of Bitcoin Vanishing From Citizens’ Wallets: Report


Salvadorans are inexplicably shedding their Bitcoin from their Chivo wallets, based on a Twitter person tweeting underneath the pseudonym El Comisonado, and per The New Scientist

According to The New Scientist,  El Comisionado has collected over 50 examples of Bitcoin inexplicably going lacking from Salvadoran Chivo wallets. 

“The government has not responded, nor does it acknowledge the errors,” he instructed The New Scientist

“It’s one of the things people are demanding, that they respond to their complaints. Many have waited several months for a response to get the money back,” he added. 

According to The New Scientist, Zaira Navas—a member of the El Salvador National Civil Police—and Rogzy—a Bitcoin commentator—have skilled related points. 

“I don’t think Chivo is secure and no one can verify it since the code is not open source,” Rogzy stated. “Today very few people use Chivo, because many do not know how it works,” El Comisionado reportedly added. 

This is, after all, not the primary Bitcoin-stumbling block encountered by President Bukele in his quest to embrace crypto.

El Salvador’s Bitcoin journey

President Bukele first introduced that El Salvador would settle for the main cryptocurrency as authorized tender in May when he broke the information to a roaring Bitcoin maximalist crowd in Miami’s 2021 Bitcoin Conference. 

Since then, his coverage has been mired with controversy. Citizens have taken to the streets time after time after time, protesting Bukele’s draconian Bitcoin legislation

Some of the world’s greatest monetary establishments, together with the World Bank and the International Monetary Fund, have additionally criticized Bukele’s Bitcoin coverage. 

It is nicely documented that Bukele has an authoritarian streak, and whereas that will have preceded El Salvador’s Bitcoin Law, it has featured ever for the reason that president grew to become a Bitcoin maximalist. 

Outspoken critic, Mario Gomez, was arrested and not using a warrant earlier this 12 months after he criticized the federal government’s coverage. 

Two Salvadoran enterprise individuals spoke to Decrypt (on the situation of anonymity) shortly after Gomez was arrested. 

“The police doesn’t have to take anyone to court. They just scare one of the vocal dissidents with kidnapping him a couple of hours or a couple of days,” one stated. 

“It crushes my soul to see Bitcoin maximalists around the world cheering this when, if they actually sat down and read the law and regulations, it is completely opposite to everything they preach,” the opposite instructed Decrypt. 

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