El Salvador: Chivo, KYC/AML, and Nayib Bukele (Feat. Domingo Flores) - Episode 76

In this episode Bennett Tomlin and Cas Piancey discuss the situation in El Salvador and some of the problems with the Chivo wallet with infosec specialist Domingo Flores.
Read more: cryptocriticscorner.com/2022/...
Other episodes mentioned in this episode:
Episode 11 - El Salvador and Bitcoin • El Salvador and Bitcoi...
Episode 36 - The El Salvador Bitcoin-Volcano-Bitcoin City Bond • The El Salvador Bitcoi...
Episode 63 - We Need to Talk about El Salvador (Feat. Mario Gómez and Oscar Salguero) • We Need to Talk About ...
Episode 71 - Terra, Luna, and Algorithmic Stablecoins • Terra, Luna, and Algor...
Episode 72 - We Never Want to Discuss Terra and Luna Again…and yet • Luna and Terra are Cra...
Episode 58 - Cities and the Blockchain • Cities and the Blockch...
Other resources mentioned in this episode:
Other places to find Crypto Critics' Corner
Website: cryptocriticscorner.com/
Twitter: / cryptocriticpod
Instagram: / cryptocriticpod
TikTok: vm.tiktok.com/TTPdPN2hK9/
Discord: / discord
Bennett's Twitter: / bennetttomlin
Cas' Twitter: / caspiancey
Bennett's Newsletter: TheFUDLetter.com/
Cas' Blog: / thecaspiancey
Bennett's Blog: bennettftomlin.com/
Asher's Twitter: / ashtag23
Timestamps:
00:00 Welcome Domingo Flores
1:30 Bukele buys the Bitcoin Dip
4:25 Chivo Problems
16:50 El Salvador Martial Law
18:35 El Salvador Running out of Money
23:30 El Salvador Wants to Print Money
25:50 US Created MS-13
28:50 Volcano Bond
32:50 Bitcoin City
37:00 What concerns you in El Salvador
This video was produced and edited by Asher Hirsch.
#cryptocurrency #crypto #podcasts #listenable #bitcoin #elsalvador

Пікірлер: 68

  • @robertogreen
    @robertogreen2 жыл бұрын

    Domingo, if you listen to my episode with Bennett and Cas, you’ll find that we are brothers from another mother. What happened to you happened to me. conscience and moral and ethical compasses are tested, and this is when you find out who you are. you did the right thing and I salute you for your intellect, honesty, and courage.

  • @gerardofranco6033

    @gerardofranco6033

    2 жыл бұрын

    It's crazy what is said against bitcoin in el salvador, the guest "Domingo" is not telling the true reality, he is only misinforming and saying the bad, but he does not say the good. This gentleman "Domingo" is opposed to Bukele and takes journalists opposed how "el faro" as a reference, and everyone in El Salvador knows that "el faro" gives false news about Bukele and is financed by corrupt... what he says Mr . "Domingo" has no credibility.

  • @DomingoFlores

    @DomingoFlores

    2 жыл бұрын

    Thanks for your kind words. There's a lot of dirty money to be made cheering for crypto and its pushers, like our regime. But dirty money and a barren country is not a heritage I think most people would want to leave to the their children. Cheers!

  • @tethergobrrr
    @tethergobrrr2 жыл бұрын

    I don’t often watch the same KZread twice in two days or comment bomb like a spambot, but this interview is an absolute banger and deserves some love from the algorithm.

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Thank you!

  • @MartianMarv89
    @MartianMarv892 жыл бұрын

    This channel should be at 90k subs. Top quality contents 💪

  • @chompers5568
    @chompers55682 жыл бұрын

    This podcast has the possibility of getting really big. I've never really had an interest with crypto but stumbled across the Luna episode and two weeks later and I've listened to every episode some of the episodes are just as good as any true crime podcast. Also them being critical but having in dept knowledge and having a real interest in the area helps. The dynamic between the hosts is great. I'm 100% buying the book they are working on the first day. I'm rooting for them to have the success they deserve.

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Thank you!

  • @gerardofranco6033

    @gerardofranco6033

    2 жыл бұрын

    It's crazy what is said against bitcoin in el salvador, the guest "Domingo" is not telling the true reality, he is only misinforming and saying the bad, but he does not say the good. This gentleman "Domingo" is opposed to Bukele and takes journalists opposed how "el faro" as a reference, and everyone in El Salvador knows that "el faro" gives false news about Bukele and is financed by corrupt... what he says Mr . "Domingo" has no credibility.

  • @greghcarr8192
    @greghcarr81922 жыл бұрын

    Excellent show as always, gentlemen. Love the facecams! As usual, I'd like to implore you to never stop making this show.

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Thank you!

  • @Chris-eb2xj
    @Chris-eb2xj2 жыл бұрын

    The episodes just keep getting better

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Thank you!

  • @gerardofranco6033

    @gerardofranco6033

    2 жыл бұрын

    It's crazy what is said against bitcoin in el salvador, the guest "Domingo" is not telling the true reality, he is only misinforming and saying the bad, but he does not say the good. This gentleman "Domingo" is opposed to Bukele and takes journalists opposed how "el faro" as a reference, and everyone in El Salvador knows that "el faro" gives false news about Bukele and is financed by corrupt... what he says Mr . "Domingo" has no credibility.

  • @Savukala
    @Savukala2 жыл бұрын

    Thank you, I've had a keen interest on this subject with no leads to anyone criticism over the decisions made in El Salvador

  • @gerardofranco6033

    @gerardofranco6033

    2 жыл бұрын

    It's crazy what is said against bitcoin in el salvador, the guest "Domingo" is not telling the true reality, he is only misinforming and saying the bad, but he does not say the good. This gentleman "Domingo" is opposed to Bukele and takes journalists opposed how "el faro" as a reference, and everyone in El Salvador knows that "el faro" gives false news about Bukele and is financed by corrupt... what he says Mr . "Domingo" has no credibility.

  • @tethergobrrr
    @tethergobrrr2 жыл бұрын

    Such an interesting and devastating interview. Hope it gets a lot of views. So necessary for the world to hear what the crypto cultists are really doing in poorer countries. Thank you.

  • @untitled795

    @untitled795

    2 жыл бұрын

    As much as it is horrifying, I feel like these cultists are just people who will find any way to make some money, just like corporations, big pharma and governments do to us without the slightest care of repercussion or negative effect it has on us in the name of profit. I simply can't blame them even though I wouldn't believe in this crap myself. We truly are at a moral tipping point and this "golden age" of fraud is undeniable proof of it. There isn't a single entity that promotes morality or decency in any field, even all the non-profits are tax evasive shells or money laundering holes so why should these people be taking a "high ground". sorry for the rant.

  • @tethergobrrr

    @tethergobrrr

    2 жыл бұрын

    @@untitled795 Yeah I find it hard to blame anyone without the comfort of inherited wealth for what they do to get by. It’s when they try to convince me that an entirely extractive swindle is a moral good that I become infuriated.

  • @susan_beaver
    @susan_beaver2 жыл бұрын

    Whew, what a great exploration of the topic. Especial thanks to Mr. Flores for his insight.

  • @gerardofranco6033

    @gerardofranco6033

    2 жыл бұрын

    It's crazy what is said against bitcoin in el salvador, the guest "Domingo" is not telling the true reality, he is only misinforming and saying the bad, but he does not say the good. This gentleman "Domingo" is opposed to Bukele and takes journalists opposed how "el faro" as a reference, and everyone in El Salvador knows that "el faro" gives false news about Bukele and is financed by corrupt... what he says Mr . "Domingo" has no credibility.

  • @susan_beaver

    @susan_beaver

    2 жыл бұрын

    @@gerardofranco6033 Best wishes from the US, the imperialism of the US State Dept. and CIA under the Dulles brothers really harmed a lot of people in Latin America and it's something we should be more informed about, as it should be our responsibility to ameliorate some of the damages. I hope that you're getting paid well and can get out of whatever soul-sucking situation you are in that makes taking money from scammers to post youtube comments feel like a necessary choice.

  • @NoNameAvailable23
    @NoNameAvailable232 жыл бұрын

    Love your work, Domingo you are very good at introducing complex topics to those of use previously unfamiliar with them. The historical and social context is so complex and important to the story. Thank you so much all three of you

  • @tethergobrrr

    @tethergobrrr

    2 жыл бұрын

    I hope he’s picked up as a guest on other channels and formats now his voice is unshackled. Terrifying story told with insight and a nice dry wit.

  • @gerardofranco6033

    @gerardofranco6033

    2 жыл бұрын

    It's crazy what is said against bitcoin in el salvador, the guest "Domingo" is not telling the true reality, he is only misinforming and saying the bad, but he does not say the good. This gentleman "Domingo" is opposed to Bukele and takes journalists opposed how "el faro" as a reference, and everyone in El Salvador knows that "el faro" gives false news about Bukele and is financed by corrupt... what he says Mr . "Domingo" has no credibility.

  • @DomingoFlores

    @DomingoFlores

    2 жыл бұрын

    Thank you, I'm more than happy to help create awareness of El Salvador and Salvadorans. A lot of our recent history is sadly shrouded in darkness

  • @Grumpious_Maximus
    @Grumpious_Maximus2 жыл бұрын

    Keep it up guys👏👏👏. Awesome episode

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Thank you!

  • @nessy1959
    @nessy1959 Жыл бұрын

    Very informative!!!!

  • @CryptoCriticPod

    @CryptoCriticPod

    Жыл бұрын

    Thank you!

  • @brasileiroloko5375
    @brasileiroloko53752 жыл бұрын

    thats crazy

  • @expatatat
    @expatatat2 жыл бұрын

    Great work as always guys but the volume on this one is waaaaay too low. You all are some of the only people who I want to hear as loud as possible :)

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    We appreciate the feedback!

  • @lukeadams8518
    @lukeadams85182 жыл бұрын

    Crazy this video only has 800 views rn

  • @gerardofranco6033

    @gerardofranco6033

    2 жыл бұрын

    It's crazy what is said against bitcoin in el salvador, the guest "Domingo" is not telling the true reality, he is only misinforming and saying the bad, but he does not say the good. This gentleman "Domingo" is opposed to Bukele and takes journalists opposed how "el faro" as a reference, and everyone in El Salvador knows that "el faro" gives false news about Bukele and is financed by corrupt... what he says Mr . "Domingo" has no credibility.

  • @brasileiroloko5375
    @brasileiroloko53752 жыл бұрын

    The ammount of crypto bros praising this dictator is astounding.

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    It’s been very disappointing to see, and I have truly appreciated the crypto enthusiasts who have rightly called out Bukele for his abuses

  • @DomingoFlores

    @DomingoFlores

    2 жыл бұрын

    I think that, without necessarily praising the libertarian ideals behind crypto, we can agree that crypto bros supporting el dictador have failed the test of sticking to their principles... unless those ideals were fascism since the beginning!

  • @paypalmymoneydfs
    @paypalmymoneydfs2 жыл бұрын

    maybe the money being used to purchase BTC actually belongs to the gangs 🤔

  • @gerardofranco6033

    @gerardofranco6033

    2 жыл бұрын

    You are cara/zy...

  • @DomingoFlores

    @DomingoFlores

    2 жыл бұрын

    Remember that Bitcoin/crypto's most popular use case is crime 😉

  • @buriedpet
    @buriedpet2 жыл бұрын

    I love all of your videos/podcasts, but I have some constructive criticism this time. I think the jump cuts are very overdone and distracting. As far as content goes though, this was a super interesting episode. However this situation unfolds, it’s going to be the ugliest thing we’ve seen yet.

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    We appreciate the feedback!

  • @gerardofranco6033

    @gerardofranco6033

    2 жыл бұрын

    It's crazy what is said against bitcoin in el salvador, the guest "Domingo" is not telling the true reality, he is only misinforming and saying the bad, but he does not say the good. This gentleman "Domingo" is opposed to Bukele and takes journalists opposed how "el faro" as a reference, and everyone in El Salvador knows that "el faro" gives false news about Bukele and is financed by corrupt... what he says Mr . "Domingo" has no credibility.

  • @fufug1
    @fufug12 жыл бұрын

    "i work freelance on a crypto project one time and experience was so bad i decide to rid world of this scam" seems like a bit of a skewed pov

  • @DomingoFlores

    @DomingoFlores

    2 жыл бұрын

    I know it sounds like an extreme take, but the effects of fraud (including crypto fraud) are extremely damaging to people, families and society. Seeing one unravel before you is very eye opening.

  • @gerardofranco6033
    @gerardofranco60332 жыл бұрын

    It's crazy what is said against bitcoin in el salvador, the guest "Domingo" is not telling the true reality, he is only misinforming and saying the bad, but he does not say the good. This gentleman "Domingo" is opposed to Bukele and takes journalists opposed how "el faro" as a reference, and everyone in El Salvador knows that "el faro" gives false news about Bukele and is financed by corrupt... what he says Mr . "Domingo" has no credibility.

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    What do you feel is the good?

  • @gerardofranco6033

    @gerardofranco6033

    2 жыл бұрын

    @@CryptoCriticPod Bitcoin as legal tender does not affect the economy of El Salvador, bitcoin only represents 2% of state finances and the rest is almost entirely in dollars. Bitcoin in El Salvador favors many foreign investors who bring development and work to the country. In El Salvador no commissions are paid on purchases or transactions, sending free remittances and purchasing any service or product in BTC. whoever wishes can use bitcoin or dollar and it is not a cause for concern... El salvador has not lost money in the purchase of BTC, because the Bukele government has not sold the BTC in the low, the president only sells BTC when the price rises price. The payment of the debt of El Salvador has been a problem of previous governments and Bukele received a bankrupt government and with a maximum debt, Bukele is taking the best solution to get out of the debt inherited for many years, using bitcoin does not mean carrying the country to financial bankruptcy, it is like saying that selling tulips is going to bankrupt a country, something illogical... The media outlet "el faro" is opposed to the government and tells brazen lies and occupies other international influencers to spread lies about the Bukele government, this corrupt medium "el faro" is financed by corrupt politicians and they are angry because Bukele took away the business of political corruption in El Salvador... Bukele is leading the country on the right path, make no mistake.

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Let’s go through several of these: 1. New investment - plausible but Bitcoin bond is twice delayed with no date 2. Spread us paid on purchases so there is a fee 3. It is compulsory for people to accept 4. Assets should be impaired to market price 5. There is no evidence this will help Bukele get out of debt and actually impacted his ability to get funding for ES when IMF cut them off. 6. Speculating on tulips could certainly bankrupt a country

  • @gerardofranco6033

    @gerardofranco6033

    2 жыл бұрын

    @@CryptoCriticPod I am sorry that you are on the side of the opposition colleague, but the majority of Salvadorans support the president in more than 90%... The FMI could no longer lend more money to El Salvador because the previous governments indebted the country to the limit, it was already a situation that could be seen coming, that is why Bukele has achieved alliances with other regional financial systems, apart from the fact that Bukele does not like the FMI and does not want business with that bank. For sellers it is mandatory to accept BTC, as it is mandatory to accept the dollar also in a natural way, the advantage in El Salvador that a seller accepts bitcoin can convert it into dollars in 1 second in the "chivo wallet", without having losses for the volatility of the crypto currency, it is not a cause for concern. Bitcoin could not bankrupt the country because, as the opposition media say, "few Salvadorans use bitcoins" and it does not represent even 2% of the state's finances, so how could bitcoin have a negative economic impact on the state? .. Bitcoin has brought a lot of investment and tourism to El Salvador, isn't it favorable for the country? Or do you not want to see it? Why do they interview opposition people who are very few? They don't want to accept reality??

  • @siddhartha_1
    @siddhartha_12 жыл бұрын

    I watched the Bukele interviews on the What Bitcoin Did podcast. He's awesome! Way more intelligent than most developed nation leaders. Can't wait to see more countries adopt btc.

  • @DavidOsdosemil

    @DavidOsdosemil

    2 жыл бұрын

    I'm salvadorean, I think he sucks. He is bad for bitcoin and worst to El Salvador.

  • @unclvinny

    @unclvinny

    2 жыл бұрын

    Did you listen to five minutes of this discussion?

  • @sheepwool9319

    @sheepwool9319

    2 жыл бұрын

    @@unclvinny probably a bod

  • @siddhartha_1

    @siddhartha_1

    2 жыл бұрын

    @@unclvinny yes. Have you watched five minutes of the interview I referenced? You should. It's far more compelling that this.

  • @lukeadams8518

    @lukeadams8518

    2 жыл бұрын

    lol

  • @gerardofranco6033
    @gerardofranco60332 жыл бұрын

    I am sorry that you are on the side of the opposition colleague, but the majority of Salvadorans support the president in more than 90%... The FMI could no longer lend more money to El Salvador because the previous governments indebted the country to the limit, it was already a situation that could be seen coming, that is why Bukele has achieved alliances with other regional financial systems, apart from the fact that Bukele does not like the FMI and does not want business with that bank. For sellers it is mandatory to accept BTC, as it is mandatory to accept the dollar also in a natural way, the advantage in El Salvador that a seller accepts bitcoin can convert it into dollars in 1 second in the "chivo wallet", without having losses for the volatility of the crypto currency, it is not a cause for concern. Bitcoin could not bankrupt the country because, as the opposition media say, "few Salvadorans use bitcoins" and it does not represent even 2% of the state's finances, so how could bitcoin have a negative economic impact on the state? .. Bitcoin has brought a lot of investment and tourism to El Salvador, isn't it favorable for the country? Or do you not want to see it? Why do they interview opposition people who are very few? They don't want to accept reality??