Ethereum co-founder Vitalik Buterin called El Salvador’s policy of mandatory acceptance of bitcoin payments “recklessness.”
On the Reddit Buterin forum
expressed concerns about the “dictatorial” implementation of bitcoin in El Salvador, despite protests from the local population. Buterin believes that the actions of the El Salvadorian government are contrary to the ideals of freedom, which are of paramount importance to the cryptocurrency community.
The co-founder of Ethereum claims that promoting bitcoin to millions of people who may not have basic technical knowledge could lead to an increase in fraud and hacks. Buterin also criticized the bitcoin maximalists who rejoice at the adoption of the law on the legalization of BTC in El Salvador.
“The obligation for Salvadoran businesses to accept bitcoin is contrary to the ideals of freedom that are so important to the cryptocurrency space. Shame on everyone who supports the legalization of bitcoin in this country. Okay, I’ll name the main culprits – shame on Bitcoin’s maximalists. The easiest way is to get their praise and support, it is enough just to be in power and speak well about this coin, “- wrote Buterin on Reddit.
According to a recent poll by the Central American University, 70% of El Salvadorians strongly disagree with the government’s decision to recognize bitcoin as a legal tender. In August, El Salvadorians staged strikes to voice their disagreement with the authorities, as they fear budget losses due to bitcoin instability.
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