Monday, January 24, 2022

Nayib Bukele is not the Bitcoin hero we need

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The decision facing bitcoin advocates may now be more complex. El Salvador is a valuable testing ground for digital currency, but if El Faro’s findings are true, it seems clear that the Bukele administration can no longer be considered a trusted partner. Beyond the simple ethics of supporting a regime that seeks undemocratic methods to suppress its critics, the bitcoin community must be vigilant about public perception, given the widespread and ongoing hostility towards the cryptocurrency. A leader willing to use black-ops spyware against his own citizens is not an acceptable figurehead to spread bitcoin adoption.

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