In the early hours of the morning, Bukele reported via his Twitter account a bug in Boc Wallet. “We prefer to fix it before reconnecting it,” he apologized.
Contrary to what was expected that day in El Salvador, in terms of the entry into force of Bitcoin; in the early hours of the morning President Nayib Bukele announced to the population an inefficiency in the Goat Wallet system.
“Any data they try to enter at this time will give them error,” the president anticipated to netizens who have expressed their displeasure.
so it appears pic.twitter.com/xMSCpsGdn6
– SirArthurBlaCk (@ SirarthurBlack0) September 7, 2021
A mistake planned to do marketing and for the people to believe that there are thousands of people who already use it …
Many will download it out of curiosity and there is the master play.
– Carlos Parets (@ CAP1785) September 7, 2021
A decentralized currency, in a centralized portfolio at the mercy of a dictator, forward with the circus
– Jose Manuel Cortina (@josecortina) September 7, 2021
Read also: Bitcoin Law starts between doubts and citizen rejection
Apparently the problem is due to a “capacity” detail. “The system is online as the capacity of the servers increases. It’s a relatively simple problem, but it can’t be fixed with the system connected,” Bukele said.
According to the official, the problem is momentary “we disconnected it while increasing the capacity of the image capture servers. The installation problems that some people had were for this reason. We prefer to correct before to reconnect it, “he argued.
In this sense, the law that obliges “every economic agent” to accept Bitcoin as a form of payment, will have to wait until further notice.
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President @nayibbukele in Italy is not available..😩 pic.twitter.com/dky2yxoDUX
– 🐻 (@Jota_eeFe) September 7, 2021
At what cost will we get this debt I see because he wants another period to cover the big debt but remember the word says that nothing hidden between heaven and earth that should not be revealed and apart from the people GOD judge or the blessing
– erickmendoza (@ erickmendoza_34) September 7, 2021
Apple does not have it available in the USA, perhaps if the download is enabled on the Cabra website so it can be downloaded directly, without apple being an intermediary. Some will not be so happy to lose $$$ in collections for remittance shipments.
– Alexander 🇸🇻 (@AllKess) September 7, 2021
The government issued a statement to the unforeseen:
The government has more than $ 200 million for the start-up of the project and, on the eve, bought bitcoin equivalent to more than $ 21 million at the price recorded on Monday.
The Bitcoin Law came into force amid widespread disapproval from Salvadorans, according to various polls, and with various protests to reject the regulations.
The use of bitcoin has become, since its surprising announcement at a conference in Miami (USA) and its rapid approval, the main economic bet of the President of El Salvador, Nayib Bukele, after the pandemic of covid-19.
“Like any innovation, the # Bitcoin process in El Salvador has a learning curve. All the way to the future is like this and not everything will be achieved in a day or a month,” Bukele posted on Twitter Monday night.
“But,” he added, “we must break the paradigms of the past. The Savior has the right to move toward the first world.”
Opinion polls reveal that this is the first Bukele project rejected by much of the population even though the president maintains high levels of popularity.
According to the survey by the Institute of Public Opinion, 66.7% of the population believe that the Bitcoin Law should be repealed and 65.2% disagreed that the Government should use public funds to finance the implementation of the cryptocurrency.