Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Many cases of lost bitcoins are being reported from the Chivo wallet that was launched in September.
A considerable number of Salvadorans have denounced that their Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. has been “mysteriously” disappearing from his wallet. Goat, the official government wallet. There are many times that for Twitter Every time the president of El Salvador, Nayib Bukele, writes something about his achievements, among the responses there are complaints from citizens about the performance of this crypto wallet.
In this regard, the government has yet to issue an official statement. The president himself does not respond to users protesting on the social network.
These same criticisms have been made by Steve Hanke, a renowned economist at Johns Hopkins University:
The Chivo wallet a place where cryptocurrency users can store, send and receive digital assets. of dictator @nayibbukele continues to be plagued by malfunctions, including many reports of funds disappearing from users’ accounts. As I said from the beginning, Chivo wallets would make El Salvador the number one global target for hackers.
Dictator @nayibbukele ’s Chivo wallet continues to be plagued by disfunction, including many reports of funds disappearing from users’ accounts. Just as I said from the beginning, the Chivo wallets would make ELSL the #1 global target for hackers.https://t.co/KxhwOYeCfc
– Steve Hanke (@steve_hanke) December 28, 2021
According to the media Cryptoslate There have been several reports claiming bugs and technical discrepancies in the Chivo wallet claiming that the wallet may not be secure, which in turn is affecting its widespread adoption. The same says the media by New Scientist, which states that citizens of El Salvador report that their Bitcoin has “mysteriously” disappeared from their Chivo wallets.
The report reports the allegations of the Twitter user “The Commissioner” which at the time of publication had reported 50 reports of BTC disappearing from the wallet. It has also said that the government is not responding to the claims.
“The government has not responded or acknowledged the mistakes. One of the things people are demanding is that they respond to their complaints. Many have waited several months for a response to get their money back.” said the Commissioner to New Scientist .
This figure has risen since he made the complaint to the media. Today on Twitter he claims that, at least, there are 71 cases and that all of them are supported:
By the way, there are already 71 documented cases of fraud with the Chivo Wallet, and I haven’t added more, due to lack of time.
– The Commissioner (@_the_commissioner_) December 29, 2021
It is worth noting that the user El Comisionado, anonymous, claims to be an opponent of the Bukele regime.
The complaints emphasize bugs and other technical problems with Chivo including bugs in the application’s interface Goat, as well as glitch issues that the wallet occasionally experiences. More recently, the developers of Chivo fixed a privacy issue that was not working properly when sending payments Lightning.
Complaints had already been made almost as soon as the portfolio a collection of cryptocurrencies or crypto assets held by an investment company, hedge fund, financial institution or individual. began operating, as reported by DiarioBitcoin . The problem is that there are more and more of them.
We also detected in Twitter that many Salvadoran users denounce that they have been swindled – out of credulity and ignorance in many cases – by people who contact them through social networks with shady deals in order to snatch away their capital capital is most commonly defined as the large sum of money you would use to invest. in Bitcoin.
For many, the government’s absolute silence on this particular issue is indicative of its strict, unmodifiable, uncritical stance on the promotion of Bitcoin as legal tender. In addition to concerns about the wallet, mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. has also been criticized. Recently, Ricardo Navarro, director of the Salvadoran Center for Appropriate Technology, said, “The mining industry has been criticized. its concern over El Salvador’s decision to extract BTC using geothermal energy.
Version of DiarioBitcoin
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