El Salvador’s Bitcoin ‘experiment’ Fuels Heated ‘opt-in System’ Debates

بازنشر افلاطون

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توییتر integrating the Strike API به ارمغان می آورد بیت کوین payments to the social media giant’s ویژگی نکات made news the world over. While many users are eagerly waiting for the global rollout, Strike CEO Jack Mallers has been on an interview spree.

در طول یک قسمت از کاری که بیت کوین انجام داد podcast, host Peter McCormack spoke to Mallers about Bitcoin and the Lightning Network in El Salvador. During the same, Mallers lashed out against Johns Hopkins economist Steve Hanke after he frequently called out President Nayib Bukele for making Bitcoin legal tender in El Salvador.

مالرها گفت:,

“And people like Steve Hanke, honestly, remind me of like, a sour ex-girlfriend. It’s like, you know, having your ex find a happy life somewhere else and being pissed off about it. Get over yourself – it’s insecurity, it’s disgusting, and Bitcoin is an opt-in system.”

WBD401 – Twitter Integrates Bitcoin with @JackMellersبه ما بحث میکنیم:
– Twitter + # بیت کوین
– Remittances
– Open network effects
– What’s still to comehttps://t.co/wggbGHq168 pic.twitter.com/eaJz65xjYC

- بیت کوین چه کرد (WhatBitcoinDid) سپتامبر 24، 2021

On the contrary, Mallers ستایش کرد President Bukele for “acting in the best interests of humanity in his efforts with Bitcoin.” He also نام Hanke’s behavior “disgusting.”

It is worth noting, however, that Hanke, in the past, has vehemently opposed Bitcoin. In fact, he has also ادعا کرد که that the cryptocurrency had a “fundamental value of zero.”

So, is Bitcoin opt-in or not?

The bone of contention between the two, primarily, was over whether or not people in El Salvador have been forced to use Bitcoin.

While Mallers called Bitcoin an “opt-in” system that was not mandated or required, Hanke مخالفت کرد.

روشن است که @jackmallers of Strike, a company in bed with nayibbukele, doesn’t understand El Salvador’s crackpot # بیت کوین Law. Contrary to Mallers’ utterances, Article 7 mandates forced-tender. Salvadorans MUST accept BTC if offered.pic.twitter.com/CnwsqdjhDm

- استیو هانکه (steve_hanke) سپتامبر 26، 2021

According to a translation, Article 7 of El Salvador’s Bitcoin Law کشورهای,

هر عامل اقتصادی باید بیت کوین را به عنوان پرداختی که توسط کسی که کالا یا خدماتی را خریداری می کند، بپذیرد.

What’s more, Javier Argueta, Legal Advisor to El Salvador’s President بوکلله, has said in the past that businesses that refuse Bitcoin could face عواقب قانونی.

Crypto-influencer Mr. Whale has also مورد انتقاد قرار Mallers, but for a different reason. The proponent ادعای that the Lightning Network and the Chivo wallet are both centralized, going against Satoshi Nakamoto’s Bitcoin whitepaper.

U.S Dollar v. Bitcoin

Hanke has also been a vocal critic of currencies that have been depreciating against the U.S Dollar. In his “Currency Watchlist” published on 27 September, Hanke slammed the Venezuelan Bolivar, مدعی that “It’s high time that VNZ officially dollarized.”

من هر هفته کتاب هانکه را منتشر می کنم لیست تماشای #ارز: a basket of rotten apples that have depreciated at least 20% against the USD since Jan. 2020. Venezuela takes 1st prize, as usual. The Bolivar has depreciated by 98.81% against the USD. It’s high time that VNZ officially dollarized. pic.twitter.com/fkfmFGbaXb

- استیو هانکه (steve_hanke) سپتامبر 27، 2021

On 25 September, the economist also ادعا کرد که that El Salvador’s bonds are trading in “distressed territory,” adding that the country’s Bitcoin adoption is a “failed” experiment.

The Bitcoin Law came into force in El Salvador on 7 September 2021.

El Salvadoran Bonds continue to trade in distressed territory, following nayibbukele‘s failed bitcoin experiment. Friday, El Salvador’s 2025 and 2029 bonds continued to tank. pic.twitter.com/KQcm5t7HEB

- استیو هانکه (steve_hanke) سپتامبر 25، 2021

At the time of writing, the Strike app was only در دسترس کاربران است in El Salvador and the USA, excluding Hawaii and New York.