Bitcoin is a tool for totalitarian governments and dictators. Case; El Salvador. Part I.

Before I start writing, I must say that my life may be in jeopardy once this article is released. Once I realize the ideas, I will describe them in the following articles, and I may never be able to set foot in my own country again. You will understand later on why I am writing this warning, and I will try to explain it to the best of my abilities. Freedom of speech is a human right, and as such, that is one of the first rights that dictators try to take away when they install themselves into power or at least try to limit such rights.

Bitcoin as a legal tender in El Salvador is not something that came from freedom. It is mandated and, as such obligatory. Let us start. If you conduct commerce inside the nation, you are forced by the law to accept Bitcoin as a payment even if you don't want to. If you have a cell phone at hand, you are forced to take it, and if people refuse it saying they don't have a telephone, the government may provide one. At that point, you will be forced and won't have more excuses. At first, people will not report those not accepting it, but as the years go by, new laws will be written to make it more complicated and more intricate to reject a payment. Still, the government is first relying on commerce to force the usage, and by that, I mean that people who don't accept it will lose business opportunities.

Suppose the country gets into financial trouble with the international community just like Venezuela did. In that case, you can bet the government will try a more rigid approach to force compliance from the citizens.

I have my own Chivo bank account, and I can tell you the dollars inside the Chivo app are only virtual dollars. They are not real, and they only become tangible once you send them to your bank account, convert them into Bitcoin, and send them to another person or a Chivo ATM. The Chivo ATMs don't accept their virtual dollars, and you must always convert into Bitcoin first before getting real dollars. It could be a trap already in the works for those that rely on saving their money into the app because, in a bad situation where El Salvador gets sanctions, those dollars will be the first to lose value.

Another way the government can screw you is when a sanction situation arrives, the government can force citizens to use those virtual dollars like the actual dollars. The dollars in the app are controlled and created by the El Salvador government. Inside the Chivo ecosystem, El Salvador can print as many dollars as they may want. Until you send it to a bank or ATM, they become real; same with Bitcoin. Until you get your satoshis into other wallets, you are using Bitcoin, not a possible fractional reserve Bitcoin or dollars system.

El Salvador could get into international turmoil because in trying to fix its long affliction created since the civil war, its problem called gang violence, the government is becoming a hybrid government that is leaning toward a totalitarian government.

El Salvador is under execution and will continue for at least the current month, and Bukele has enough support from "La Asamblea (Congress)" to continue it indefinitely. Pretty much Salvadorians have lost their legal rights against the government, and now the government can detain you for 15 days without you being able to defend yourself. Those who trade security for freedom deserve neither of them. I hope this doesn't become the case for Salvadorians that are only trying to fix their gang problems.

Since I'm not writing in favor of the government, and I see the possibility for capital controls and even capital entrapment using the application Chivo, I will be attacked, or I could get into El Salvador's list of people to watch. I must add that down the line, and my person may get into serious trouble just for writing my opinions. Like others who have been targeted inside the nation, I am referring to the El Faro news outlet.

Conclusion.

Suppose El Salvador gets into financial issues or sanctions. The Salvadorian government could leverage the Chivo app to circumvent such sanctions by forcing citizens to use the digital dollars in the app only. Still, those digital dollars or Bitcoin may not have any value outside the country. Since using the app is already mandatory in the territory.

It is only one exposure to a can of worms. That is why I called part number one and will write part two in the future. Stay tuned.

I must add that Chivo's bank account is not Bitcoin, but many outside the country call the adoption of Chivo the actual adoption of Bitcoin. You must also own the other things that Chivo will add, like fractional reserve banking, money printing by El Salvador, etc. And even surveillance tools using Chivo as a starting point.

I know about the Chivo bank account because I have my account because I am a Salvadorian, and with utmost pride and emphasis. Planned, made, and exported from El Salvador.