Ethereum Creator Vitalik Buterin Critiques El Salvador’s New Bitcoin Policy

Ethereum creator Vitalik Buterin says the crypto community should examine the merits of El Salvador’s new Bitcoin policy.

Last month, El Salvador became the first country in the world to adopt Bitcoin as legal tender despite widespread protests and surveys showing much of the population wasn’t on board. Salvadoran President Nayib Bukele spearheaded the move.

 

Buterin took to Reddit on Friday to agree with a user who says Bukele shouldn’t be praised for his actions.

Explains the Ethereum creator,

Buterin says Bitcoin enthusiasts should keep their passion for the top cryptocurrency in check and focus on maintaining a critical look at what’s happening in the space.

The Bitcoin roll out in El Salvador has reportedly been far from perfect.

Reuters says it spoke to dozens of users in the country had at least one issue with the country’s Bitcoin wallet, named Chivo. One user says the app took his money but never gave him BTC in return.

The report cites data from the Salvadoran Foundation for Economic and Social Development that shows 12% of shoppers in the country have used BTC for purchases.

 

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