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45 sats \ 1 reply \ @rtr 23 Apr
They should've just open sourced the entire thing from the very start.
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22 sats \ 0 replies \ @Bitcoin_Bootcamp OP 23 Apr
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21 sats \ 1 reply \ @Satosora 23 Apr
Interested in what they will do.
You think they will give up and move to another exchange?
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61 sats \ 0 replies \ @Bitcoin_Bootcamp OP 23 Apr
There were privacy concerns since the implementation of the Chivo wallet. This was something that was bound to happen sooner or later. From my perspective, it's good that it happened early on, so that future damage can be mitigated.
But yes, they will probably need to explore alternatives, if they haven't already...
News regarding privacy concerns from the past:
- Salvadorans Claim Bitcoin Is Going Missing From the State-Run Chivo Wallet
- Identity Thieves Exploit El Salvador’s Chivo Bitcoin Wallet’s Setup Process
- Chivo, Bitcoin wallet of Salvador allegedly has privacy issues
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7 sats \ 0 replies \ @BlokchainB 23 Apr
Sad
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1 sat \ 0 replies \ @nout 23 Apr
That's a one way to open source...
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1 sat \ 0 replies \ @nym 23 Apr
Sad. This was bound to happen eventually. They should have started from open-source principles in the first place. I wonder what percentage of the population still uses Chivo, and what percentage moved to a non-custodial solution.
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0 sats \ 0 replies \ @BitSapien 24 Apr
When Bukele war on hackers
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0 sats \ 0 replies \ @SaloonCat 23 Apr
Nayib Bukele's stroke of political genius was to realise the potential in how the Salvadoran presidential election calendar coincided with Bitcoin's halving cycle.
I don't doubt his understanding of his electorate and that he viewed Chivo, or something like it, as necessary to roll out his plan. He will have known for years now that it was fragile and poorly built, even if it has improved over time. It has caused serious reputational damage - I wouldn't expect another nation state to imitate him on that front, but it's worth thinking about what he understood that made it seem essential and how better it could be achieved.
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21 sats \ 0 replies \ @Coinsreporter 23 Apr
This is serious. This is a direct attack on the sovereignty of El Salvador. They need to take action.
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