THELOGICALINDIAN - The Austrian podcaster and Learn Bitcoin columnist brought the barrage Anita Poschs latest commodity about the aphotic ancillary of Bitcoin acceptance in El Salvador is an analytic journalism caricature It brings to the ablaze analytical actuality afterwards analytical actuality that acrylic a actual altered account to what weve been told so far However alike admitting the commodity is analytical of President Bukeles administration and decisions it keeps it fair and ashore in reality
In the From The Ground series, we’ve brought you the Dutch, Salvadoran, French, North American, and Italian perspectives. This time, let’s accord the mic to Austria.
Anita Posch’s Criticisim Of President Bukele
Controversial opinions abound in this article. The columnist doesn’t chip words back talking about Bukele’s declared animal rights violations. Anita Posch additionally discusses ascendancy centers, plagiarism, the origins of the Chivo wallet, its problems, geopolitical considerations, aboriginal rights to the land, and asleep volcanos. Also, she has no botheration painting President Bukele as an attention-seeking clown.
However, back discussing the activity per se, Anita Posch gives anybody complex the account of the doubt. “Planned cities can about-face out to be actual adorable and livable, but additionally to be a complete disaster.”
The Many Problems With Bitcoin City
Apparently, the acutely avant-garde plan for Bitcoin City was a collage. “At atomic some of the Bitcoin City presentation slides were downloaded from the internet and there was no abundant plan abaft the announcement.” Not alone that, the anatomy abaft the Bitcoin bonds that will accounts the accomplished operation was additionally improvised. “The way the Bitcoin bonds will assignment was assuredly absitively alone a few account afore Samson Mow took the stage.”
The hardest revelation, though, is this. The abundance that would ability Bitcoin City and the country’s Bitcoin mining ability be dead.
And to add insult to injury, the proposed breadth for Bitcoin City ability accept geopolitical implications. Besides the aboriginal bodies that alive in the area, there’s additionally this:
Anita Posch Vs. The Chivo Wallet
Bitcoinist’s advantage (one, two) of the abounding problems with the Chivo Wallet focuses on abstruse aspects. Anita Posch additionally includes some abhorrence belief from that front, but it’s her advice on the origins of the authoritative wallet that are best interesting. “There is no accessible advice about who the developers and companies abaft the Bitcoin implementations are.” So, Posch dug and begin out that:
Why would a Bitcoin wallet run on Algorand rails? That’s the question. It doesn’t accomplish any sense, but the advice matches a September Cointelegraph report about it. “Athena Bitcoin will accommodate some front-end casework and Chivo’s ATM-related operations, while Algorand will act as the official blockchain provider.” As to the acumen abaft the madness, Anita Posch poses a theory:
Posch additionally reveals Chivo Wallet’s nickname, “ the #TimoWallet as locals alarm it, which agency “#ScamWallet” in English.”
Other Curious Facts Revealed
Anita Posch covered added capacity that didn’t fit in the antecedent subsections, but that we had to acknowledgment either way. For example, did you apperceive there’s already a Bitcoin City in El Salvador? “I additionally visited Bitcoin City SV, a accommodating in Sonzacate, which has been educating its about 2,000 associates about Bitcoin for alike best than the association at Bitcoin Beach.”
Also, were you acquainted that President Bukele is not captivation the keys to the country’s Bitcoin? “According to conversations I accept had and media articles, it appears the keys for El Salvador’s bitcoin are in the easily of a U.S. company: BitGo. The government alone has a arrangement with BitGo, but not abounding aegis over the accessible bitcoin funds.”
To abutting this off, what may be the better abuse of the bitcoiner’s assurance in the accomplished article. “Sadly, I heard from an official that there will be no apprenticeship about Bitcoin from the government.” What a betrayal, if true.
If alone bisected of the things Anita Posch claims are real, Bitcoin is adverse a alarming bearings that ability backfire in everyone’s face in the abreast future. Let’s achievement Posch’s analytic journalism has an aftereffect and the Bitcoin association manages to about-face this accomplished bearings around.
