After a post on Reddit was posted 2days ago, Vitalik Buterin Ethereum creator, had somethings to say about, El Salvador adopting Bitcoin and asking local business in the country to aspect one cryptocurrency (Bitcoin), which goes contrary to the idea of crypto, that it doesn't bring freedom in the crypto space, he also said that the young Latina American President Nayib Bukele is just looking for praise from the world at large and shame to all Bitcoin Maximalists who are uncritically praising him, the Ethereum founder who recently became the world’s youngest crypto billionaire at age 27, had so many things to say on this case, which I'm going to be posting in a moment but before I do that.
the co-founder Blockchain.com Nicolas Cary said during a panel at the TOKEN2049 conference in London just this week, "I think there’s some valid criticisms of how the program is rolled out in El Salvador in terms of being top down. One of the main ethos of crypto is that there’s really grassroots adoption, and people are doing it voluntarily."Source
Here are the post made by Vitalik Buterin replying the post on Reddit by Unpopular opinion:
"Unpopular opinion: El Salvador president Mr Nayab (sic) Bukele should not be praised by crypto community,"Buterin replied: "Nothing unpopular about this opinion. Making it mandatory for businesses to accept a specific cryptocurrency is contrary to the ideals of freedom that are supposed to be so important to the crypto space."Source
Buterin's post continued: "This tactic of pushing BTC to millions of people in El Salvador at the same time with almost no attempt at prior education is reckless, and risks a large number of innocent people getting hacked or scammed. Shame on everyone (ok, fine, I'll call out the main people responsible: shame on Bitcoin maximalists) who are uncritically praising him."Source
Buterin didn't stop at his first post. Further down in the same thread, when the original poster commented: "It's like [Bukele] pushed it because he bought at cheaper price and knew a country adopting a crypto would alone take the price high enough to make him rich," Buterin replied, "Simpler and dumber hypothesis: both for political reasons and because he's a human being like the rest of us, he just loves being praised by people he considers powerful (ie. Americans). Bitcoin maximalists are a very easy community to get to praise you: you just have to be in a position of power and do or say nice things about them and their coin."Source
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He said because Bukele do not addopt ethereum .... haha it is a matter of popularity LOL
For me a win for Bitcoin, is a win for all crypto.
What a butt hurt nerd you know what’s against crypto no one! No one gives a shit about ETH his just a cry baby
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I am not gonna say he's right but sometimes, people forget there are other sources of crypto. I for one have had to deal with Bitcoin maximalist, so i can feel his pain but still, dragging it out doesn't give the respect. If anything, many Bitcoin holders are also trading hard on Ethereum.
I agree with you, when many people hear cryptocurrency, they immediately think Bitcoin. But the more they get to know more about crypto then they realize that Bitcoin is not the only crypto.
Bitcoin is the most popular and has the largest Market Cap value, when it moves all other coins moves, apart from some certain time but mostly, it carries the market along. So if Bitcoin is growing all other coins will grow with it, like you have said Bitcoin holders, still hold ETH and other Altcoins too.