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Vitalik Buterin criticizes the principles of accepting BTC in El Salvador

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Vitalik Buterin joins a long list of critics of Salvadoran pesident controversial policy, Bukele.

Buterin sharply criticizes the adoption of BTC in El Salvador

Ethereum co-creator Vitalik Buterin sharply criticized the policy of compulsory admission of BTC in El Salvador, calling the move “ruthless” and “contrary to the ideals of freedom that should be so important to the crypto-community.”

Specifically, Buterin argued that “pushing the BTC to millions of people” while “no attempt at prior education” could result in fraud and hacking, and criticized those in the crypto-community who uncritically praised Bukele’s controversial policies. He had particularly unkind words for BTC maximalists, whom he called “the main people responsible for amplifying the purely glorious tone in response to the New Testament.”

Salvador’s acceptance of BTC as legal tender was not without controversy, which provoked protests earlier this year and also intense criticism about implementation. In addition, Salvadoran President Nayib Bukele has been criticized in the past for his authoritative government, including the use of intimidation tactics to promote his programs in legislative assemblies.

Vitalik Buterin wrote:

Nothing unpopular about this opinion. Making it mandatory for businesses to accept a specific cryptocurrency is contrary to the ideals of freedom that are supposed to be so important to the crypto space. 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. Shame on everyone (ok, fine, I’ll call out the main people responsible: shame on Bitcoin maximalists) who are uncritically praising him. risky and can lead to capital losses.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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