| > the populace hates everything about it This sentence alone tells me everything I need to know about your position: "the populace" (implying everyone) and "everything" -- riiight... I think you need to tone down the superlatives a bit and maybe try researching both sides for your next article. A 1000 people marched against bitcoin -- this is hardly "the populace"... There is no arguing that it (Chivo) got off to a shaky start... but we already know that Chivo has more users than the banks have fiat accounts in El Salvador.[1] As to "bitcoin systems" -- it's just regular bitcoin and the lightning network and these are _global_ systems, not systems that are only "there"... Finally, you just need logic to know that if something is sold in BTC, and you have a BTC wallet, you can buy something in BTC, using your BTC wallet, without needing fiat. Hence, fiat on/off ramps are obviously not needed to be able to be paid, and live, and save, and purchase stuff there. [1]: https://twitter.com/nayibbukele/status/1441846960332361730?s... |
We know no such thing. 2.7m users is flatly implausible. That is, in fact, the number of downloads.
Chivo has refused to release the number of actually signed-up users. The customer service call centres are ghost towns. The government small business advisory service is telling businesses to install one of the other wallets (Bitcoin Beach or Muun) so they can be technically in compliance with Art. 7 of the Bitcoin Law, to charge the unsubsidised fees to the customer and not hand over the goods until the transaction has gone through.
Local newspapers (Elsalvador.com, El Faro) have detailed at length public complaints about the failures and unreliability of the Chivo network. I urge you to talk to some non-coiner Salvadorans and keep track of local coverage of how it's gone. I've been following this story closely since June and have been doing so.
If you don't want to trust my opinions, read Marc Falzon, @marcfalzon on Twitter - an ardent libertarian bitcoiner who went to El Salvador to see how all of this was actually working out, and discovered an absolute shitshow.
edit: and Bukele just claimed 65,000 transactions in the air in the system every second. If each transaction takes "several seconds" as he says, that's still a claim that Chivo does more business than the entire worldwide Visa network. Someone's feeding him numbers that sound good to him, even though they fall apart under the slightest examination. https://twitter.com/nayibbukele/status/1442624279028408321