The decision facing bitcoin advocates now may be more complex. El Salvador is a valuable testing ground for the digital currency, but if El Faro’s findings are true it seems clear the Bukele administration can no longer be considered a trustworthy partner. Beyond the simple ethics of supporting a regime that seeks antidemocratic methods of repressing its critics, the bitcoin community must be vigilant about public perception, given the continued widespread hostility towards cryptocurrency. A leader willing to use black-ops spyware against his own citizens is not an acceptable figurehead for spreading bitcoin adoption.
Related posts
-
Bitcoin (BTC) Mining Stocks Like Core Scientific and TeraWulf (WULF) Soar Amid M&A Frenzy
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Investor Confidence Soars With $488M Inflows Into US Bitcoin ETFs
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows amounting to $488.1 million, with Fidelity’s... -
Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer Desiweminer
Bitdeer Technologies Group announced its acquisition of Desiweminer, a noted player in the crypto ASIC design...