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Several global crypto figures came in El Salvador last weekend, including Brock Pierce, the head of the Bitcoin Foundation, who tweeted — in a post which drew outrage in the crypto community. Wider — that he’s “honored to lead” an official delegation of bitcoin ambassadors in El Salvador.”
However, the El Salvadoran media cast a dim view of Brock Pierce and responded with skepticism to Bitcoin-associated developments.
El Salvador Media Gives Blurry View of Brock Pierce and Skeptical Reactions to Bitcoin-Related Developments
With a new law set up, President Nayib Bukele and his government have lasted the charm offensive — entertaining lots of worldwide crypto players lately and emerging on podcasts. electronic money.
But while there are loads of photo opportunities and policy, the Salvadoran media, a lot of which is hostile to everything Bukele-related, isn’t really supportive of Bitcoin in the nation.
In a report from ElSalvador.com, writer of El Diario p Hoy, the media outlet decided to focus on contentious past crypto scandals, such as fraud investigations. Associated with Tether (USDT) from the United States. It also turns out that besides the abundance of photographs, thus far, precious little about the contents of these meetings has been shown.
The press went on to estimate journalist and author Andrés Oppenheimer as believing that the new bitcoin law could be “another Bukele ploy,” intended to”divert public attention away from these worldwide criticism of his government’s growing authoritarianism.”
Oppenheimer stated that Bukele’s move would “potentially attract drug dealers, not digital investors”.
On the exact same page, a professor of Electrical Engineering in the University of El Salvador named Carlos Martínez, by the name of Carlos Martínez, claimed that the country was “incapable” of a mining project of this scale which Bukele had started mentioned, and that the transfer “will raise electricity prices for Salvadorans.”
Martínez also stated that the energy provider tasked with the project was underfunded for the last five decades, which means, according to the professor, an operation like this — setup to use renewable energy by a volcano — wouldn’t be completed.
There were more objections than in another major paper, together with La Prensa Gráfica publishing a column from the powerful Salvadoran author and novelist Jacinta Escudos, who wrote that”the introduction of BTC in the form of legal tender involves the risk of overinvesting, at the individual level and at the level of the country’s public financing and reserves.”
She concluded by requesting:
“Is it worth taking such a risk to make a leap into the void?”
Meanwhile, on Twitter, a controversy erupted after Pierce, on June 18, published an article and front page picture from a paper called Noticia on his feed, asserting announced his “visit to El Salvador” and his “delegation” had “made news all over the world. ” He reasoned, “We are making history.”
Brock Pierce and his trip to El Salvador as a Bitcoin ambassador
Brock Pierce is a crypto entrepreneur on a mission to change the world blockchain by block.
Anhg is a blockchain billionaire, among those that got involved in cryptocurrency when Bitcoin was in its infancy. In reality, he mined his initial 50,000 Bitcoins with almost no charges. And he then lost the hard disk, losing something like $320 million in today’s Bitcoin prices.
But Pierce turned it down, since he was before the game in different ways, seeing the potential of blockchain — a transparent and secure decentralized ledger — and cryptocurrency, a digital money. Uses encryption and blockchain to securely regulate currencies and confirm transfers. Pierce is one of those crypto pioneers and Forbes has rated him #9 in crypto assets using a holdings of about $1 billion — the amount he’s vowed to give away. charity.
As part of an ambassadorial trip to El Salvador hosted by Milena Mayorga, Pierce said he’s thrilled to be heading the delegation on behalf of the whole crypto community. But the neighborhood agents themselves didn’t value the businessman’s noisy announcement, they asked to know who appointed him to the “post”. In turn, he cried for the unlucky words, and added that every member of the crypto community could call themselves a “missionary,” “ambassador,” or “supporter.” family”.
Some time after the trip, Pierce chose to share a photograph of this Salvador LA Noticia SV paper, in the most recent issue, his image was posted near the photograph of this President of the nation. In his article, he added: “we’re making history.” But here, the billionaire also dropped into collapse. Users quickly saw through Photoshop “skillful”, believing that the information about the crew in papers and photographs was fake.
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