Vitalik Buterin, co-founder of

Ethereum, spoke out against President Nayib Bakele’s mandatory bitcoin usage for merchants. He said it was against the “ideals .”

” of cryptocurrency.

  • Buterin commented in response to a Reddit article titled “Unpopular opinion: El Salvador President Mr. Nayab (Nayib) Bukele should not be praised by Crypto community.”
  • The Ethereum co-founder didn’t hesitate to mention “Bitcoin Maximalists,” who he believed were praising the El Salvadoran President without critiquing.
  • “Shame on everyone (ok, fine, I’ll call out the main people responsible: shame on Bitcoin maximalists) who are uncritically praising him.”
  • Buterin said that Bitcoin maximalists are easy to please when someone in authority does something or speaks in favor of BTC.
  • President Nayib Bukele has been facing criticism from opponents and the international community ever since El Salvador’s legislators voted in favor of making the cryptocurrency a legal tender earlier this year.
  • The so-called Bitcoin Law was enacted in September. El Salvadorans were also allowed to access the Chivo wallet app by the government.
  • But Buterin called mass adoption of Bitcoin “reckless,” stating:

“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.”

  • However, President Bukele stated earlier that bitcoin adoption was optional for citizens in El Salvador.

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