Vitalik Buterin Criticizes El Salvador President’s Mandatory Bitcoin Adoption Policy

#Ripple #XRP

Ethereum co-founder Vitalik Buterin spoke out against President Nayib Bukele’s compulsory bitcoin usage for merchants and businesses, saying it was against cryptocurrency’s “ideals of freedom.”

• Buterin commented in response to a Reddit article titled “Unpopular opinion: El Salvador President Mr. Nayab (Nayib)  Bukele should not be praised by Crypto community.”
• The Ethereum co-founder did not fail to call out “Bitcoin Maximalists,” whom he believed praised the El Salvadoran President’s move without criticism.

• “Shame on everyone (ok, fine, I’ll call out the main people responsible: shame on Bitcoin maximalists) who are uncritically praising him.”

• Buterin further said Bitcoin maximalists were easy to please if a person in a position of authority did something or spoke in favor of BTC.
• President Nayib Bukele has been facing criticism from opponents and the international community ever since El Salvador’s legislators voted in favor of making the cryptocurrency a legal tender earlier this year.
• The so-called Bitcoin Law was implemented back in September, with the government also giving access to El Salvadorans to download the Chivo wallet app.
• But Buterin called the mass adoption of bitcoin “reckless,” saying:

“Additionally, this tactic of pushing BTC to millions of people in El Salvador at the same time with almost no attempt at prior education is reckless, and risks a large number of innocent people getting hacked or scammed.”

• However, President Bukele stated earlier that bitcoin adoption was optional for citizens in El Salvador.

OhNoRipple via https://www.ohnocrypto.com/ @Anthonia Isichei, @Khareem Sudlow