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The El Salvador-IMF agreement requires the government to phase out public participation in Chivo, the state-backed Bitcoin wallet, and stop using taxpayer funds for it by July 2025.
122 sats \ 2 replies \ @Cje95 4 Mar

I am not seeing them having to liquidate in the forms. Rather phasing out the purchasing in the public sector...

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37 sats \ 1 reply \ @freetx 4 Mar

Max has been very quiet on this subject.....

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21 sats \ 0 replies \ @Cje95 4 Mar

I have to say.... it is a stupid move to need a bailout and then brag about how you just crossed the 6,100 BTC level in purchases.... Like what else was the IMF going to do?

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11 sats \ 1 reply \ @freetx 4 Mar

Well, I think they pretty much gave up on Chivo already, my understanding is private 3rd party wallets had taken over anyway.

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Yeah I saw the same thing... I want to say they where trying to sell the tech off to someone else to run not sure if they ever pulled it off or not

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I think Bukele has done an excellent job, despite the IMF trying to sabotage him and try to tarnish his work in El Salvador with Bitcoin.

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My question is, who controls the master seed

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