Stray Links: El Salvador Submitted to Bitcoin

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ProtonMail sparks controversy – This week, encrypted email service ProtonMail came under fire after it handed over the personal information of Youth for Climate activists to French authorities . This has sparked a backlash from internet users , who accuse the company of lying about its data protection system. In a Reddit post , and then in a blog post , ProtonMail defended itself. The CEO claims to have been forced to hand over this information and does not fail to point out that, in France, “anti-terrorism laws are used inappropriately.”

To restore order – and avoid further controversy – ProtonMail has changed gambling data iran its website messaging somewhat . The company has also protected itself by recruiting Tim Berners-Lee, the creator of the web, to its advisory board .



Bitcoin comes to El Salvador – Just three months after the law that authorized it was passed, bitcoin has become one of El Salvador’s official currencies , along with the US dollar. On Tuesday, President Nayib Bukele, who initiated the initiative, announced that the country had already purchased its first 400 bitcoins , worth about $20 million at Monday’s rate. To accompany the launch, the government is offering $30 in bitcoins for each person who downloads the official Chivo Wallet app .

However, although exceptional, this measure is not to everyone's taste . Last July, the International Monetary Fund expressed its disapproval and, more recently, polls revealed that 70% of the Salvadoran population was opposed to the legalization of bitcoin . The cryptocurrency is particularly criticized for its volatility. On the day it was introduced as the official currency, the price of bitcoin fell by 15% . This can be all the more risky in a country where 30% of the population lives below the poverty line .

Young invests his $30 from @chivowallet in donuts to sell them for $0.75 each and thus start his business and make a profit. pic. m/aZOTFfKLNQ