Vitalik Buterin calls the legalization of bitcoin in El Salvador "reckless"
Vitalik Buterin commented on Reddit post that the actions of El Salvador's President Nayib Bukele could have a negative impact on the reputation of cryptocurrencies in general. The Ethereum founder criticized El Salvador's decision to recognize bitcoin as legal tender and stressed that the process of forcibly integrating digital assets into the financial system is "contrary to the ideals of freedom."
In early September, El Salvador enacted a law recognizing bitcoin as legal tender.
The use of the new instrument is optional for individuals, but it has become a requirement for companies.
Today a mandatory legal acceptance of Bitcoin mandatory comes into force in El Salvador. The BTC community is celebrating the occasion by symbolically purchasing $30 worth of Bitcoin. @Paralelni_polis will NOT join this "celebration" since it's against our core values pic.twitter.com/VzlPf7Lqrz— Institute of Cryptoanarchy (@InstituteCrypto) September 7, 2021
One user suggested that Buterin was "salty" that El Salvador legalized BTC rather than ETH, to which the Ethereum founder responded that he repeatedly criticized "Ethereum users and applications."
Buterin is not the only one who opposed bitcoin legalization in El Salvador. Earlier, crypto analyst Mr. Whale called what happened "Satoshi's nightmare."
El Salvador’s government has halted all Chivo #Bitcoin wallets after dozens of “technical difficulties”— Mr. Whale (@CryptoWhale) September 7, 2021
The government has full control, they can turn on or off anyone’s wallet whenever they want.
This is Satoshi’s nightmare, and an authoritarians dream come true. pic.twitter.com/VW9op22uPa