There seem to be some fake Chivo wallets around already (as one would expect). I’m watching a video created by the Economy Department of the Government of El Salvador, and they explicitly motion to check that the Chivo Wallet’s developer states "Gobierno de El Salvador", and not "Chivo Labs". This seems rather a soft secondary criterion, and of course starting the search on the official government channels would seem to be paramount in any case.
Searching for "Chivo Labs" on Google it’s easy to come across alternative apk downloading sites that host the alleged fake app by Chivo Labs .
See (in Spanish): https://www.economia.gob.sv/2021/09/capacitaciones-chivo-wallet/
Topic: El Salvador official wallet app @chivowallet go offline (Read 402 times)
Today marked the history of Bitcoin becoming a legal tender, El Salvador a country in north-central America has become the first country to approve the operation and acceptance of Bitcoin as a legal currency.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
expected that to happen because they still did not manage to be ready in that huge transaction to come and go in their wallet.The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
imagine a crypto wallet that does not have large transaction in the past all ofa sudden will accumulate this such?
at least shut down for a while only for some technicalities and not took long to wait those who will need their service.
and also this is a great achievement because even having this yet they manage to fulfill their duties and responsibilities .
Bravo CHIVOwallet.
Today marked the history of Bitcoin becoming a legal tender, El Salvador a country in north-central America has become the first country to approve the operation and acceptance of Bitcoin as a legal currency.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
I hope the government of El Salvador have a lot of money to invest and maintain the security side of the wallet app. They will look like huge fools if it gets compromised and it will undermine their initial case for using Bitcoin. You have to expect there to be some blips and it possibly going offline due to large volumes of users in the first few days, but after a couple weeks they better be able to keep it online. Considering the wage in El Salvador is quite low per month, I think the free $30 could amount to a free 5-10% one off pay out for new users, so it was bound to attract huge attention and there was probably some nefarious actors who wanted to DDOS blackmail the government at the opening as well.
Most seem to emigrate to EEUU, but with (much) smaller numbers, Italy, Australia, Spain and Switzerland figure on the list of sought countries (see data for 2019 here: https://datosmacro.expansion.com/demografia/migracion/emigracion/el-salvador). I figure they want as many migrants as possible to be able to send their remittances over to El Salvador through Chivo and bitcoin.
I did not think of the purposes of El Salvador government to attract more migrators to use Bitcoin as remittance tool for their transactions.From the data, I can understand why the nation opens the doors for some countries that are not in Latin America continent.
<…> It is understandable if they accept users pass through their KYC from neighborhood nations in Latin America but I can not understand reasons they expand it to Spain, Italy, Switzerland and Australia. 
Most seem to emigrate to EEUU, but with (much) smaller numbers, Italy, Australia, Spain and Switzerland figure on the list of sought countries (see data for 2019 here: https://datosmacro.expansion.com/demografia/migracion/emigracion/el-salvador). I figure they want as many migrants as possible to be able to send their remittances over to El Salvador through Chivo and bitcoin.Remittance fee can be pretty steep. I’ve recovered this from my drafts, since the thread I posted the data in yesterday was unfortunately deleted:
The commission topology for Western Union (for example) depends on various factors, such as the amount being sent, and the selected payment method. I used their price simulator to get a rough feeling of how the system works, rendering the following results (see https://www.westernunion.com/us/en/web/send-money/start):
-Sending 10$ payment to a cash pickup (agency) using a credit card -> due payment 13,24$ (32,4%)
-Sending 10$ payment to a cash pickup (agency) using a debit card -> due payment 10,99$ (9,9%)
-Sending 10$ payment to a cash pickup (agency) using a bank account -> due payment 10,99$ (9,9%)
-Sending 100$ payment to a cash pickup (agency) using a credit card -> due payment 112,50$ (12,5%)
-Sending 100$ payment to a cash pickup (agency) using a debit card -> due payment 108,00$ (8,0%)
-Sending 100$ payment to a cash pickup (agency) using a bank account -> due payment 105,00$ (5,0%)
-Sending 1000$ payment to a cash pickup (agency) using a credit card -> due payment 1063,00$ (6,3%)
-Sending 1000$ payment to a cash pickup (agency) using a debit card -> due payment 1036,00$ (3,6%)
-Sending 1000$ payment to a cash pickup (agency) using a bank account -> due payment 1019,00$ (1,9%)
The above is choosing the Pay online option. Pay cash in-store opens another array of fees, depending where you make the payment.
I’ve also simulated US prices above. If you change the country of origin (the "/us/" parameter in the URL, the fees and payment methods change). Quite a broad topology of fees …
Note: There’s something on the page about paying with a mobile wallet, which is apparently only available in some countries, which seems to lack WU fees, but others may apply. I’m not sure how this one actually works.
Logically paying in bitcoin will simplify the above.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
pretty sure they'll make adjustment to that to cater to a much larger user base. but to be honest they should have expected it and made proper adjustment when the app finally went online. besides, it happens/happened to a lot of apps that gets a sudden surge of traffic in just a short time. give it time. The experiment, of course, is very interesting and the activity of the spread of cryptocurrency around the world will depend on its result. Now everyone is watching the events in El Salvador.
Their faqs (*) state that you need to have an ID or passport from El Salvador, and have a phone number from one of a set of delimited countries, namely :
"El Salvador, USA, Mexico, Guatemala, Honduras, Belize, Nicaragua, Costa Rica, Panama, Spain, Italy, Switzerland, Australia."
It’s not really meant to be a custodial wallet for anybody to use, but rather much solely aimed at their citizens.
It is solely for their citzens and mostly a few neighborhood nations and a few Western nations."El Salvador, USA, Mexico, Guatemala, Honduras, Belize, Nicaragua, Costa Rica, Panama, Spain, Italy, Switzerland, Australia."
It’s not really meant to be a custodial wallet for anybody to use, but rather much solely aimed at their citizens.
It is understandable if they accept users pass through their KYC from neighborhood nations in Latin America but I can not understand reasons they expand it to Spain, Italy, Switzerland and Australia.
Quote
Amongst other things I read through on their site and tos today (daily limits, monthly limits, and so forth), the feature whereby its use does not require a data plan, nor does it consume data (but you do need an internet connexion) is still unclear to me.
I figure that the data carriers are obliged to establish the connection and operative for free, and that is likely feasible locally (as per some sort of agreement between the government and the carriers), but I wonder if that applies to those Chivo users residing abroad in one of those countries I cited above (seems like a long stretch).
Thank you for this information. Maybe we will need to see feedback from El Salvador communities about the wallet and this point from their experience.I figure that the data carriers are obliged to establish the connection and operative for free, and that is likely feasible locally (as per some sort of agreement between the government and the carriers), but I wonder if that applies to those Chivo users residing abroad in one of those countries I cited above (seems like a long stretch).
Will the government do serious censorship about it? How about censorship in El Salvador?
Today marked the history of Bitcoin becoming a legal tender, El Salvador a country in north-central America has become the first country to approve the operation and acceptance of Bitcoin as a legal currency.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
I think it's normal though, and it's obvious that the wallet provider faces some congestions, so it's going to be bumpy in the beginning. Even huge exchange such as Coinbase will suddenly went offline or in a maintenance mode when they are overwhelm by huge trading.
So the big question is how Chivo Wallet will react to this because for sure a lot of El Salvadorian are going to used their services. Consider this as one big test for them.
They already expect the volume of the users however early stages app mostly get overloaded in its early phase due to congestion. What they need to prove is the stability and improvement of the app, which we look forward to, but so far its normal. Most of experimental decisions are prone to problems in early stages.
Hoping they fix this problem as it will be the lead for the future of BTC as currency in other countries in the future.
Yeah, you have to expect the unexpected specially in the beginning. Even the President has to calm down the public, and tells them to restart the app if they see the "under maintenance" error.
Here is the official twitter of President Bukele: https://twitter.com/nayibbukele
As you can see, he made a series of tweets since the rollout. And obviously, he is active and really stepping up the plate for his country and bitcoin in general.
Today marked the history of Bitcoin becoming a legal tender, El Salvador a country in north-central America has become the first country to approve the operation and acceptance of Bitcoin as a legal currency.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
I think it's normal though, and it's obvious that the wallet provider faces some congestions, so it's going to be bumpy in the beginning. Even huge exchange such as Coinbase will suddenly went offline or in a maintenance mode when they are overwhelm by huge trading.
So the big question is how Chivo Wallet will react to this because for sure a lot of El Salvadorian are going to used their services. Consider this as one big test for them.
They already expect the volume of the users however early stages app mostly get overloaded in its early phase due to congestion. What they need to prove is the stability and improvement of the app, which we look forward to, but so far its normal. Most of experimental decisions are prone to problems in early stages.
Hoping they fix this problem as it will be the lead for the future of BTC as currency in other countries in the future.
The enthusiasm of using the wallet may be increasing, moreover many people are willing to get that free $30 in Bitcoin by installing the wallet. of course, it is normal when the users are highly increasing on that day, moreover on the day of the legal tender announcement.
Overload is something normal. But at last, they worked hard to manage it and also recover it soon.
Btw, I am still wondering how if the citizens only install to get that free airdrop by the government and then after that willing only to sell and get money?
I am also wondering about the success of this Bitcoin implementation because the government really takes big risks.
Overload is something normal. But at last, they worked hard to manage it and also recover it soon.
Btw, I am still wondering how if the citizens only install to get that free airdrop by the government and then after that willing only to sell and get money?
I am also wondering about the success of this Bitcoin implementation because the government really takes big risks.
"0 fees" in bitcoin transfers in Chivo wallets work from Salvadoran to Salvadoran because each user must register their DUI, which is their identification card.
The Chivo wallet works with the Lightning network to guarantee immediate transactions.
President Nayib Bukele has said that the costs generated by the Chivo Wallet, ATM, and Chivo points of sale will be borne by the government.
We all know that it will work because we have already checked it and also because we have paid the fees and for them it will be easier for sure.
The Chivo wallet works with the Lightning network to guarantee immediate transactions.
President Nayib Bukele has said that the costs generated by the Chivo Wallet, ATM, and Chivo points of sale will be borne by the government.
We all know that it will work because we have already checked it and also because we have paid the fees and for them it will be easier for sure.
<…> Is Chivo wallet restricted to El Salvadorians or for everyone globally?
Their faqs (*) state that you need to have an ID or passport from El Salvador, and have a phone number from one of a set of delimited countries, namely :"El Salvador, USA, Mexico, Guatemala, Honduras, Belize, Nicaragua, Costa Rica, Panama, Spain, Italy, Switzerland, Australia."
It’s not really meant to be a custodial wallet for anybody to use, but rather much solely aimed at their citizens.
Amongst other things I read through on their site and tos today (daily limits, monthly limits, and so forth), the feature whereby its use does not require a data plan, nor does it consume data (but you do need an internet connexion) is still unclear to me.
I figure that the data carriers are obliged to establish the connection and operative for free, and that is likely feasible locally (as per some sort of agreement between the government and the carriers), but I wonder if that applies to those Chivo users residing abroad in one of those countries I cited above (seems like a long stretch).
(*)English Google translation accessible here: https://translate.google.com/translate?sl=auto&tl=en&u=https://chivowallet.com/preguntas-frecuentes.html%23item-1
For sure, El Salvador, or the creator of chivo bitcoin wallet didn't expect a massive of users. Especially the even of the day that El Salvador is officially using Bitcoin as legal tender.
This is one of the major challenges if you are a software developer, but I believe it will be handle as time goes by, they don't expected a massive user I believe.
What is the Chivo wallet? Is it custodial or non-custodial wallet?This is one of the major challenges if you are a software developer, but I believe it will be handle as time goes by, they don't expected a massive user I believe.
If it is a non-custodial wallet, it is good for El Salvadorians to use it and have keys. Nevertheless, I think if a wallet is created by government, it would be a custodial wallet.
Is Chivo wallet restricted to El Salvadorians or for everyone globally?
Anyone has been able to check the Chivo wallet? Let's share it, please.
Yes, it's custodial since they could reject your transaction and no private key will be given, just like ordinary exchange you access with email password pin code etc.
I can understand why El Salvador government did not create a non custodial wallet for their citizens. They want to control citizen transactions if necessary.I can't speak for El Salvador government but it seems to me that they don't want people to just receive the $30 and go away to forget about bitcoin altogether. They are trying to build the bitcoin economy and encourage people and merchants to start using bitcoin and the $30 acts as the free money to "try things out" instead of just being $30 free money.
In that spirit the 5 transaction would mean the user has at least tried the wallet out and experienced what it means to use bitcoin.
The government did a good thing, bring exposure of Bitcoin and cryptocurrency to their citizens and this effect expands to the world. It is only the good thing I see from El Salvador legal tender.In that spirit the 5 transaction would mean the user has at least tried the wallet out and experienced what it means to use bitcoin.
I hope their citizens will soon realize the importance of non custodial wallet and will choose one to use. Chivo wallet is for their first experience with Bitcoin, first 5 transactions maybe. Later they should use another wallet.
Not your keys, not your coins.
https://notyourkeys.org/
Do you think that news related to the regulation of bitcoin as the official currency in el savador can have an influence with the fall of bitcoin?
Today marked the history of Bitcoin becoming a legal tender, El Salvador a country in north-central America has become the first country to approve the operation and acceptance of Bitcoin as a legal currency.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
If the government developed wallet App chivowallet can't handle the load, then its fault for the government for not developing the good application. There is no fault for bitcoin in this case.
I did a very quick look and could not find any source code for chivowallet, is it closed
Yes. And besides, it's not really a wallet, it's an app, with a normal wallet they wouldn't be able to keep the transactions fee-free.
I did a very quick look and could not find any source code for chivowallet, is it closed or am I just having a bad google day?
Also wonder how much training the police have received in dealing with crypto issues. I can see that causing issues down the line.
-Dave
Also wonder how much training the police have received in dealing with crypto issues. I can see that causing issues down the line.
-Dave
Probably millions of people from all around the world have planned to use this wallet, which probably was unexpected which lead to it being over sold.
Why would millions of users from other countries rush to use this wallet? There is no point in it without having a Salvador ID card.
I can't speak for El Salvador government but it seems to me that they don't want people to just receive the $30 and go away to forget about bitcoin altogether. They are trying to build the bitcoin economy and encourage people and merchants to start using bitcoin and the $30 acts as the free money to "try things out" instead of just being $30 free money.
Since a merchant can opt for instant conversion in USD once it receives a payment this is circle can be broken in just one purchase, and probably that's what's causing the outage right now, people trying to get their coins as fast as they can and spend it.
I think it is rather a security mechanism that unfortunately wasn't deployed successfully, I see no reason for them to allow this withdrawal outside the ecosystem without a purchase since it's airdrop money that was supposed to be used as testing the economy not just handing them free money.
Checking the tweet mentioned by SFR10, unfortunately indeed a rush product
https://twitter.com/MattAhlborg/status/1435307724774989829
Apart from the bugs mentioned, the one with the fee being subtracted which is a bit serious, I wonder what he meant by "on-chain are NOT being batched", how does this work on a custodial wallet?
Going over the twitter account both for Chivo Wallet (https://twitter.com/chivowallet?lang=en) and Bukele (https://twitter.com/nayibbukele), I’ve grabbed a few small intakes that may be interesting to know:
- Chivo wallet is now available on Google Play, but currently only for Samsung Galaxy S20 and Samsung Galaxy S21. The alleged reason is to delimit the amount of people trying to simultaneously register.
- The Chivo System was down for maintenance between 1 am and 6 am local time. Hopes are high on a better service today …
- They’ve created an official, not too brilliant, formulary for people to report their problems and/or forward their queries (https[colon]//consulta[dot]chivowallet[dot]com/) on Chivo Wallet.
- Chivo wallet is now available on Google Play, but currently only for Samsung Galaxy S20 and Samsung Galaxy S21. The alleged reason is to delimit the amount of people trying to simultaneously register.
- The Chivo System was down for maintenance between 1 am and 6 am local time. Hopes are high on a better service today …
- They’ve created an official, not too brilliant, formulary for people to report their problems and/or forward their queries (https[colon]//consulta[dot]chivowallet[dot]com/) on Chivo Wallet.
I wouldnt be surprised if this was a planned attack on their app. Judging by yesterday’s responses, there are a lot of influential individuals and cooperation’s which see El Salvador president as a threat to worlds economics.
Yes you are right and it can be one of the reason for this planned move
I wouldnt be surprised if this was a planned attack on their app. Judging by yesterday’s responses, there are a lot of influential individuals and cooperation’s which see El Salvador president as a threat to worlds economics.
Today marked the history of Bitcoin becoming a legal tender, El Salvador a country in north-central America has become the first country to approve the operation and acceptance of Bitcoin as a legal currency.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
This no suprise, every big scale launch is bound to be bugged or overloaded, not to mention that this is a launch that every crypto user is following and probably millions of people from all around the world have planned to use this wallet, which probably was unexpected which lead to it being over sold. The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
Why is five Chivo-to-Chivo transactions? Do they think after five transactions, the value of the target address will become bigger and the transaction history is clearer (after 5) so if they want, they can trace personalities better.
I can't speak for El Salvador government but it seems to me that they don't want people to just receive the $30 and go away to forget about bitcoin altogether. They are trying to build the bitcoin economy and encourage people and merchants to start using bitcoin and the $30 acts as the free money to "try things out" instead of just being $30 free money.In that spirit the 5 transaction would mean the user has at least tried the wallet out and experienced what it means to use bitcoin.
Nevertheless, I think if a wallet is created by government, it would be a custodial wallet.
Yes, it's custodial since they could reject your transaction and no private key will be given, just like ordinary exchange you access with email password pin code etc.CHIVO SA DE CV, reserves the right to refuse to process any order of transfer, purchase, sale or withdrawal of Bitcoin and / or dollars at its sole discretion, if CHIVO SA DE CV suspects that the order involves ( or has a high risk of involving) activities related to money laundering, terrorist financing, fraud, or any type of financial crime, or activity that is not in accordance with the provisions of these T&C; or in case of being judicially or administratively required by any competent authority. In such circumstances, CHIVO S. A. DE C. V., will cancel or refuse to process the order, without any obligation to re-allow a subsequent order at the same price or on the same terms as the canceled or refused order.
To that extent, by registering with Chivo Wallet, the User accepts the responsibility of keeping a control of the security of any information, identity documents, passwords or any code used to access Chivo Wallet.
To that extent, by registering with Chivo Wallet, the User accepts the responsibility of keeping a control of the security of any information, identity documents, passwords or any code used to access Chivo Wallet.
Quote
Is Chivo wallet restricted to El Salvadorians or for everyone globally?
Not really sure, they only use Spanish language and no English language yet IMO they only focus to their citizens only now.Quote
Anyone has been able to check the Chivo wallet? Let's share it, please.
I can't lol I got a messages "not compatible with this version" it's weird because my Android version should be able to download it. Here the download link https://chivostatic.turpialtech.com/index.html#descarga Is it custodial or non-custodial wallet?
I believe it's a custodial wallet.So you have to be a citizen to register for a wallet (makes sense).
It is only for El Salvadorian users. Anyway it is early development and if the legal tender in that country goes well, Chivo wallet will be developed and expanded from local to global.Quote
And here's where it gets tricky:
Why is five Chivo-to-Chivo transactions? Do they think after five transactions, the value of the target address will become bigger and the transaction history is clearer (after 5) so if they want, they can trace personalities better.Matt Ahlborg, head of research at Bitrefill, tweeted his test of the Chivo functionality. He found the $30 in BTC could be sent off-chain after three to five Chivo-to-Chivo transactions and Lightning payments can be sent to and from the wallets.
nutilda pointed out that people have to register as a citizen in that nation. It is like bank but now use Bitcoin.
They just have to work on getting better servers,
This... I wonder why most of the apps that are tied to the governments [not just El Salvador] have limited or rather unreasonably low server capacities?Is it custodial or non-custodial wallet?
I believe it's a custodial wallet.Anyone has been able to check the Chivo wallet? Let's share it, please.
I'm not an iOS user, but here's the link: Chivo Wallet- At the moment, it's #5 in the Finance category, but earlier in the day it "was #1".
So you have to be a citizen to register for a wallet (makes sense).
And here's where it gets tricky:- Some users reported issues sending the funds credited to their accounts. It appears that the initial $30 can only be sent to other Chivo users and merchants rather than to other wallets outside the Chivo ecosystem. Some have taken to Twitter to post possible workarounds to allow users to withdraw the $30. They claim the funds must pass through a few Chivo-to-Chivo transactions before they're unlocked for withdrawal.
~Snipped~
Matt Ahlborg, head of research at Bitrefill, tweeted his test of the Chivo functionality. He found the $30 in BTC could be sent off-chain after three to five Chivo-to-Chivo transactions and Lightning payments can be sent to and from the wallets.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
pretty sure they'll make adjustment to that to cater to a much larger user base. but to be honest they should have expected it and made proper adjustment when the app finally went online. besides, it happens/happened to a lot of apps that gets a sudden surge of traffic in just a short time. give it time.
That's just a bummer and it's an incompetence in the government side to not anticipate the increased volume of users in their wallet. Hopefully it's going to be operational in the near future because that's just a bummer for it to go bad this fast.
For sure, El Salvador, or the creator of chivo bitcoin wallet didn't expect a massive of users. Especially the even of the day that El Salvador is officially using Bitcoin as legal tender.
This is one of the major challenges if you are a software developer, but I believe it will be handle as time goes by, they don't expected a massive user I believe.
I think the news from El Salvador has affected the general bitcoin market, but with the wallet coming back online and the Wednesday market, the look will change pretty soon.This is one of the major challenges if you are a software developer, but I believe it will be handle as time goes by, they don't expected a massive user I believe.
The wallet is going offline was expected but not to stay offline for long as citizens will like to carry out their transactions using Bitcoin.
Since its the first time of being acepted by a country and it masses,i think proper preparations on the app legibity and security should have been made to avoid discouraging other who might want to follow along ...
Trojane 💎
Trojane 💎
I agree, for there are some people who will take this advantage to create their fake apps to steal money from those newbies who do not really know what they're doing for the first time. I think they need to consider issuing a warning regarding fake apps that might lure newbies to install them. These scammers are mostly pro when it comes to these kinds of strategies the Wallet apps owner need to clarify to their investors about everything they need to avoid to give them the best experience about bitcoins.
Just for fun I tried to sign up for the Chivo Wallet today but they are pretty serious about KYC -- they are not screwing around, especially since they are giving away $30 in BTC to all new users. So you have to be a citizen to register for a wallet (makes sense). There is one competing option, not sure if it is available yet, but both work hand-in-hand with the government and won't service non-Salvadorians.
For sure, El Salvador, or the creator of chivo bitcoin wallet didn't expect a massive of users. Especially the even of the day that El Salvador is officially using Bitcoin as legal tender.
This is one of the major challenges if you are a software developer, but I believe it will be handle as time goes by, they don't expected a massive user I believe.
What is the Chivo wallet? Is it custodial or non-custodial wallet?This is one of the major challenges if you are a software developer, but I believe it will be handle as time goes by, they don't expected a massive user I believe.
If it is a non-custodial wallet, it is good for El Salvadorians to use it and have keys. Nevertheless, I think if a wallet is created by government, it would be a custodial wallet.
Is Chivo wallet restricted to El Salvadorians or for everyone globally?
Anyone has been able to check the Chivo wallet? Let's share it, please.
Today marked the history of Bitcoin becoming a legal tender, El Salvador a country in north-central America has become the first country to approve the operation and acceptance of Bitcoin as a legal currency.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
Online apps,websites and platforms created by a government usually face hacker attacks and servers being overloaded.I hope that everything will be fine with the Chivowallet app in the next few days.
Bitcoin adoption in El Salvador isn't going to be flawless and problems will occur,but the important news is that BTC adoption cannot be stopped in the long term.Let's pray for other countries making Bitcoin a legal tender.
Bitcoin should be the currency of the people,not a speculation tool for the rich crypto whales and institutional investors.
The critic i have for the El Salvador government is that they are implementing everything within a short period of time which will cause issues and the launch itself is facing issue with the network stability to handle the traffic. They should have taken proper precautions before launching everything rather than looking for the headlines 
.
The plans were in motion long before the news and the "headlines" so it is not exactly done in a short period of time. Besides they may not have been expecting such a huge interest in such a short time towards their wallet and bitcoin from the citizens..Besides we can't really blame something brand new, it is bound to have flaws. They just have to work on getting better servers, improve their efficiency and better protect against DDoS attacks.
IMO, this was expecting concept to make their own wallet and I think the way they monitor or regulate their people using Bitcoin and I don't know if this is acceptable to those who really want to be an anonymous one. Because for sure this wallet belongs to the custodial wallet that every transaction can be monitored by them.
Well, it's good for them to have this and I think it's a being a part of their progress about accepting Bitcoin and becomes legal tender to their place. The most important is, they are a part of us as a crypto enthusiast.
Well, it's good for them to have this and I think it's a being a part of their progress about accepting Bitcoin and becomes legal tender to their place. The most important is, they are a part of us as a crypto enthusiast.
For sure, El Salvador, or the creator of chivo bitcoin wallet didn't expect a massive of users. Especially the even of the day that El Salvador is officially using Bitcoin as legal tender.
This is one of the major challenges if you are a software developer, but I believe it will be handle as time goes by, they don't expected a massive user I believe.
This is one of the major challenges if you are a software developer, but I believe it will be handle as time goes by, they don't expected a massive user I believe.
Let it be, it's still new and usually, newly launched apps still have to go with testing and bug finding. If there happens to be some time that it's been offline. It's expected and a very typical way to start with their very own governed wallet. What matters now is that it's carved in the history of the world and bitcoin that they're the first country that has adopted bitcoin as a legal tender and that won't change. Now, aside from this problem, the government has to face those people that are subjecting to this adoption.
Since its the first time of being acepted by a country and it masses,i think proper preparations on the app legibity and security should have been made to avoid discouraging other who might want to follow along ...
Trojane 💎
Trojane 💎
I think it's normal though, and it's obvious that the wallet provider faces some congestions, so it's going to be bumpy in the beginning. Even huge exchange such as Coinbase will suddenly went offline or in a maintenance mode when they are overwhelm by huge trading.
So the big question is how Chivo Wallet will react to this because for sure a lot of El Salvadorian are going to used their services. Consider this as one big test for them.
It also shows that despite some of those protesters from their country, still a lot are interested to get involved in bitcoin. And also, remember the free $30 for the signup bonus using this chivo wallet. I guess a lot are interested to get those free 30 bucks.
And who knows, most of them will be really crypto users, so that's good for adoption as well as the crypto market.https://news.bitcoin.com/free-bitcoin-el-salvador-giving-away-30-in-btc-to-everyone-using-government-wallet/
Today marked the history of Bitcoin becoming a legal tender, El Salvador a country in north-central America has become the first country to approve the operation and acceptance of Bitcoin as a legal currency.
This is certainly a good news from the BTCitcoin community when we were dreaming about owning a island to start using BTCitcoin during the initial months to a country calling BTCitcoin as an official currency feels and looks good.The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
The critic i have for the El Salvador government is that they are implementing everything within a short period of time which will cause issues and the launch itself is facing issue with the network stability to handle the traffic. They should have taken proper precautions before launching everything rather than looking for the headlines . 
Today marked the history of Bitcoin becoming a legal tender, El Salvador a country in north-central America has become the first country to approve the operation and acceptance of Bitcoin as a legal currency.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
I think it's normal though, and it's obvious that the wallet provider faces some congestions, so it's going to be bumpy in the beginning. Even huge exchange such as Coinbase will suddenly went offline or in a maintenance mode when they are overwhelm by huge trading.
So the big question is how Chivo Wallet will react to this because for sure a lot of El Salvadorian are going to used their services. Consider this as one big test for them.
Today marked the history of Bitcoin becoming a legal tender, El Salvador a country in north-central America has become the first country to approve the operation and acceptance of Bitcoin as a legal currency.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
The government wallet App chivowallet got overloaded in the early hours, which resulted in it going offline citizens are having miss feeling about the stability of the app and the El Salvador economy.
Jump to: