End of Day 2 - Here's the Chivo App Checklist
Here's the Chivo checklist so far (until proven otherwise... please keep this in mind! Many of these problems may indeed be temporary launch bugs and patched):
- Unable to send BTC/LN transactions under $5 USD. Effectively killing micro-transactions, and ensuring BTC/LN can not be used as currency.
- Custodial.
- A Security failure that includes access to the users microphone (the app has no features that would required a microphone that I could see), access to external drives, and a host of other invasive security flaw.
- Owned by a private company, funded by tax dollars. Unclear if profits will return to the tax payers.
- “No fee”, but fees actually paid for by tax dollars.
- Unbearably slow - actions on app take ~ 1 to infinite minutes.
- Multiple errors and stoppages.
- Unable to transfer initial $30 BTC out.
- Unable to transfer additon BTC out if added, until a seemingly random number of Chivo to Chivo transactions have occurred.
- Mandatory (by law) for all merchants to use - breaks the myth that people have a choice to use other apps here.
As you know, I'm currently in El Salvador to investigate what's going on. Someone was kind enough to provide me a donation that is allowing me the funds to stay another full week -- THANK YOU ANON.
Everything above (and much more) is documented.
I will be releasing another full 1hr+ long documentary on ~everything~ happening here.
Along with a few surprises, including an INTERVIEW with the Bitcoin Dissident that was arrest without a warrant after criticizing the Chivo app days before launch.
Side note: I've kinda gone viral in El Salvador. If you didn't see, I created an education video on how to get BTC OUT of Chivo into a noncustodial wallet.
Will continue to post updates here so long as they are wanted. Please let me know.
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