El Salvador to legalize Bitcoin as legal tender. Bitter-sweet news for me.
I wrote in the past an article about El Salvador Bitcoin beach city, where pretty much I exposed that Bitccoiners are promoting the usage of custodian services as the real deal, and to me, it seems that the Bitcoin Cash community has been quiet about it too. Silence is often a sign of approval.
Now in the Bitcoin conference 2021, on a video, the President of El Salvador announced that he will introduce Bitcoin as legal tender, and I hope that it is not legislation that is exclusively just for Bitcoin Core BTC, but for all cryptocurrencies that have the same characteristics. I hope that if Bitcoin becomes legal tender in El Salvador that same law also helps other cryptocurrencies as well and that is not a trojan house law on which only Bitcoin Core custodian services are allowed but many other altcoins as well.
Bitcoiner have been using Wallet of Satoshi in El Salvador and they have been promoting that service as the real deal, they are promoting Wallet of Satoshi as if it was the same as using Bitcoin. We all know that using custodian services is not using the real Bitcoin whatsoever but just that, a service or yet another bank with fewer protections than even a regular bank.
I don't know if I am the only soul saying this but using WoS is not Bitcoin, and as far as I know, the Bitcoin Cash community has been quite silent about this as well. Now I am asking myself where are the Kim DotComs, where are the Rover Vers denouncing this fraud.
Even in the Bitcoin conference, the presentation said that Lightning Network works, I guess the vision of Bitcoiner for a lightning network that works is for everyone to use custodian services like Wallet of Satoshi. In the Bitcoin conference, they are promoting LN as if it was working because people in El Salvador have been using the custodian services without any issues.
I have used Wallet of Satoshi in the past but at least I don't lie to myself and others about what that service actually is a custodian service, but yet in the Bitcoin conference, they are reporting that LN works even when in El Salvador they have been using Wallet of Satoshi service as wallets.
Maybe I am wrong and the whole Bitcoin Cash community is wrong as well, maybe custodian services are the future for Bitcoin, and since the Bitcoin Cash community has been also silent about this maybe deep down the Bitcoin Cash community also wants custodian services to take over the world. I am being sarcastic here.
I don't know what kind of law president Nayib Bukele will pass to Congress but I hope it is a law that includes many other altcoins as well and that is not a law exclusively only for Bitcoin Core BTC. If the Bitcoin Cash community is not going to say anything about passing custodian services as the real deal, I hope that at least the Bitcoin Cash comes together to make sure that if in case El Salvador passes a law to accept Bitcoin as legal tender that the community makes sure that same law also includes other currencies as well, that way people will have the alternative to use custodian services as legal tender and also the real peer to peer currency as legal tender as well.
The Bitcoin Cash community must be vigilant that if Bitcoin is accepted as legal tender and if laws are written that those laws are inclusive, and not laws that exclude other altcoins from being legal tender too.
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