El Salvador's Bitcoin Office: Bold Move or Risky Business? El Salvador's announcement of the creation of a Bitcoin Office has stirred up both excitement and concern. Led by President Nayib Bukele, the government aims to promote the adoption of Bitcoin as part of its economic modernization efforts. While some hail it as a gro…

A recent poll published by Universidad Centroamericana (aka UCA), showed that the majority of salvadorans are not happy with how Bitcoin was implemented in El Salvador. In 2021, over 30% of salvadorans were in favor of using public funds to buy Bitcoin. A year later, 21% are still in favor: 77% of salvadorans are against using publi…

In September 2021 El Salvador become the first country to adopt Bitcoin as legal tender. President Nayib Bukele also spent over $420 million dollars of public money to buy Bitcoin as an investment, and build the necessary infrastructure for the Chivo Wallet, a state custodial wallet. Since then, Bitcoin adoption has been negligible,…

La Diputada por el partido Nuevas Ideas, prometió durante la campaña electoral de cara a las elecciones legislativas de 2021 que no iba a contratar asesores, y que destinaría más fondos para beneficiar a la población salvadoreña . No obstante, después de un año ejercer como diputada propietaria de la Asamblea Legislativa, incumple s…

Hace casi un año, el Bitcoin se convirtió en moneda de curso legal en El Salvador, y esto sucedió cuando entro en efecto la Ley Bitcoin, la cual fue aprobada por la Asamblea Legislativa salvadoreña. La ley permitió a Nayib Bukele comprar Bitcoins sin ninguna restricción, y la gente en El Salvador está preocupada por la cantidad de…

Ben McKenzie, an American actor best known for his television roles as Ryan Atwood on the teen drama The O.C. (2003–2007), and James Gordon on the crime drama Gotham (2014–2019) and Jacob Silverman, a staff writer at the New Republic and author of Terms of Service: Social Media and the Price of Constant Connection are currently visi…

I've been researching about Koibanx, and as of this moment I'm writing an article about its role in the implementation of the Chivo Wallet. I wanted to get Koibanx's side of the story so I submitted several questions to be addressed during the AMA a couple of weeks ago, but unfortunately my questions didn't g…

Six months ago Bitcoin became a legal tender in El Salvador, thanks to the Bitcoin Law that was passed by the Salvadoran Congress. The law allowed Nayib Bukele to purchase Bitcoins at will, and people in El Salvador are worried about how much money is being used in buying crypto assets, to the point that even the IMF urged El Sa…

30 years ago, the civil war ended when the Salvadoran Government and the guerrilla signed the Peace Accords in Chapultepec, Mexico. It was a big deal, since those accords allowed the country to become a real democracy, without fear of persecution. Unfortunately, since 2019 the Bukele Administration has been trying to diminish the im…

Update : As I said before the Bitcoin Law was approved, salvadorans lost money to scammers, and the government issued Bitcoin wallet is plagued with issues. Over USD $90,000 has been stolen from Chivo Wallet users, and the Bukele Administration neither denies nor confirm the issues.  I posted this on Reddit seven months ago, and boy…