Twitter integrating the Strike API pentru a aduce Bitcoin payments to the social media giant’s Funcția Sfaturi 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.
În timpul unui an episod a Ce a făcut Bitcoin 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.
mallers a spus,
“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 @JackMallers. Discutam:
– Twitter + #Bitcoin
– Remittances
– Open network effects
– What’s still to comehttps://t.co/wggbGHq168 pic.twitter.com/eaJz65xjYC- Ce a făcut Bitcoin (@WhatBitcoinDid) 24 Septembrie, 2021
On the contrary, Mallers lăudat President Bukele for “acting in the best interests of humanity in his efforts with Bitcoin.” He also denumit Hanke’s behavior “disgusting.”
It is worth noting, however, that Hanke, in the past, has vehemently opposed Bitcoin. In fact, he has also revendicat 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 nu sunt de acord.
Este clar că @jackmallers of Strike, a company in bed with @naybbukele, doesn’t understand El Salvador’s crackpot #Bitcoin Law. Contrary to Mallers’ utterances, Article 7 mandates forced-tender. Salvadorans MUST accept BTC if offered.pic.twitter.com/CnwsqdjhDm
- Steve Hanke (@steve_hanke) 26 Septembrie, 2021
According to a translation, Article 7 of El Salvador’s Bitcoin Law Statele,
„Fiecare agent economic trebuie să accepte bitcoin ca plată atunci când i se oferă de către oricine achiziționează un bun sau un serviciu.”
What’s more, Javier Argueta, Legal Advisor to El Salvador’s President bukele, has said in the past that businesses that refuse Bitcoin could face consecințe juridice.
Crypto-influencer Mr. Whale has also criticat Mallers, but for a different reason. The proponent creanțe 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, revendicare that “It’s high time that VNZ officially dollarized.”
În fiecare săptămână îl public pe Hanke's #CurrencyWatchlist: 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
- Steve Hanke (@steve_hanke) 27 Septembrie, 2021
On 25 September, the economist also revendicat 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 @naybbukele‘s failed bitcoin experiment. Friday, El Salvador’s 2025 and 2029 bonds continued to tank. pic.twitter.com/KQcm5t7HEB
- Steve Hanke (@steve_hanke) 25 Septembrie, 2021
At the time of writing, the Strike app was only disponibile utilizatorilor in El Salvador and the USA, excluding Hawaii and New York.
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Source: https://ambcrypto.com/el-salvadors-bitcoin-experiment-fuels-heated-opt-in-system-debates/
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