Missing Bitcoin In Chivo Wallets As El Salvadoran Cry Out On Twitter
Things are getting a little bit more intense in El Salvador, people are complaining their bitcoin is missing from the country’s official bitcoin wallet app Chivo. What could be the reason? This gives the people false impression towards the security and transparency of bitcoin, it also hurts to note that the government has not said anything about it.
Months back after the president announced the country’s decision of making bitcoin the legal tender of El Salvador some of the citizens criticized the decision. They claimed the president is using an authoritative way of ruling them, even on the country’s Independence Day, citizens took to the streets to protest against bitcoin. They even went ahead and vandalized a Bitcoin machine. Aside this, the president, Naya Bukele, has taken criticism from different financial institutions based on his decision. While most of these criticisms came from not so good or better centralized entities, it’s sad to see that the current situation is making them seem right.
The president has made statements claiming that the bitcoin decision is for the good of the people, to bring financial freedom, security and transparency, but unfortunately this missing bitcoin case is saying other wise. Imagine how they feel checking their bitcoin wallets and seeing that their money is missing with no explanation and most of these people use their bitcoin for businesses. It will be giving an impression of betrayal because after the criticism, some people went ahead and trusted the president and used the app to store their bitcoin. Aside making them look stupid that the president has not addressed the situation, these people’s money and business is on hold right now.
Addressing the citizens and giving them some amount of explanation shows accountability and gives them hope that their president is behind them and is probably working on the problem. But being mute for the past three or more days now sends the wrong message.
Twitter is filled with a lot of complains from the citizens crying out on the missing bitcoin in their wallet. Lots of these citizens have talked about how greedy and corrupt the government is, and this act definitely depicts the impression. It makes no sense to be silent while these citizens cry out, it’s a government issued wallet, there supposed to be a well sophisticated amount of security on the wallet because the country’s integrity is on the line and people depend on their bitcoin since it’s literally the legal tender for the country.
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