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Vitalik Buterin rejects the approach of El Salvador and the bitcoin maximalists | My brochure

In a post on Reddit on Friday, Ethereum co-founder Vitalik Buterin had harsh words about the deployment of bitcoin in El Salvador, and more specifically about President Nayib Bukele, who forced local businesses to accept Bitcoin.

After a Reddit user on the r / cryptocurrency subreddit posted: “Unpopular opinion: President of El Salvador, Mr. Nayab (sic) Bukele, should not be praised by the crypto community,” Vitalik Buterin replied: “Nothing unpopular in this opinion. Making it mandatory for companies to accept a specific cryptocurrency goes against the ideals of freedom that are said to be so important to the crypto space. “

Vitalik Buterin’s post continued: “This tactic of bringing BTC to millions of people in El Salvador at the same time, with almost no prior education attempt, is reckless and runs the risk of large numbers of innocent people being hacked or scammed. . Shame on all those (okay, fine, I’ll point out the main culprits: shame on Bitcoin maximalists) who praise it without criticism. “

Indeed, Bukele’s adoption of Bitcoin as legal tender, announced with great fanfare at the Bitcoin conference in Miami in June, has earned him praise from some of the strongest voices in Bitcoin. These same bitcoin flaggers have been less inclined to talk about the well-documented authoritarian tendencies of the young president and the less direct aspects of his government’s bitcoin rollout. A Salvadoran business owner said: “It breaks my soul to see bitcoin maximalists around the world applauding this when, if they really sit down and read the law and regulations, it is completely up to you. The opposite of everything they preach.

And Buterin isn’t the only voice in crypto speaking out about the contradictions in forcing open, decentralized technology on business owners.

At the TOKEN2049 conference held in London this week, Blockchain.com co-founder Nicolas Cary said during a panel discussion: “I think there are valid criticisms of how the program is implemented in El Salvador, in terms of a top-down approach. down. One of the main ethics of cryptocurrencies is that there really is adoption at the grassroots and people do it on purpose. “

Buterin didn’t stop at his first post. Further down the same thread, when the original poster commented, “It’s like [Bukele] I had pressured him because he had bought at a lower price and he knew that a country adopting a cryptocurrency would raise the price on its own enough to make it rich, “Buterin replied,” simpler and dumber: both for political reasons and because He is a human being like the rest of us, he just likes to be praised by the people he considers powerful (that is, Americans say). Bitcoin maximalists are a very easy community to praise you for – you just need to be in a position of power and do or say nice things about themselves and their currency. “

The original poster responded to Buterin: “Elon did the exact same thing, now Bukele is tapping into the emotions of the community.”

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