Ecologist Ricardo Navarro Blasts President Nayib Bukele's 'Bitcoin City'; Predicts Environmental Disaster

2021-12-06 16:52:32
Pending Disaster?

According to the leading ecologist of El Salvador, Ricardo Navarro, building the ‘Bitcoin City’ of President Nayib Bukele next to a volcano is a pending environmental disaster.

For that matter, the ecologist claims that placing the bitcoin city so close to a volcano is fruitless and without any real benefits.

Talking about building this city beside a volcano is like thinking you are rich because you live next to a bank.Ricardo Navarro | El Salvador Leading Ecologist

Moreover, Navarro also presented a detailed explanation where he points out the flaws of the project.

In particular, the ecologist blasts ‘Bitcoin City’ by presenting numbers that show that the cost of maintenance won’t differ in regard to the standard energy sources, such as fuel.

Geothermal still costs more than oil, otherwise, we would already be using more of it. What will end up happening is that we will just be buying more oil.Ricardo Navarro | El Salvador Leading Ecologist
The Detriments Of Bitcoin

Ricardo Navarro is one of the more vocal critics of El Salvador’s bitcoin renaissance. As such, he almost never fails to challenge President Bukele and his bitcoin-oriented state policy.

Up to such extent, that the ecologist believes that the President doesn’t really understand how crypto works. And that mining bitcoin by using volcano power is possible, but definitely not 100% efficient.

I am under the impression that Bukele doesn’t really understand what is going on [with] the energy situation. That is certainly going to complicate demand.Ricardo Navarro | El Salvador Leading Ecologist

Ricardo Navarro even states that the bitcoin situation in En Salvador may ‘invite’ drug lords to the country. And one major reason for that is that the bitcoin legal tender was somewhat forcibly ‘pushed’ without any debate whatsoever.

If you have something good to promote, you propose it, you discuss it, and then you put your arguments. But that was not the case with bitcoin.Ricardo Navarro | El Salvador Leading Ecologist

Considering that Ricardo Navarro is head of CESTA (Salvadorian Center for Appropriate Technology), calling ‘Bitcoin City’ a pending environmental disaster is completely understandable.

Especially since his organization is pro-environmental, and serves to find viable and ‘green’ technological solutions.

It remains to see whether President Nayib Bukele will address these accusations of the leading ecologist in the country.



Related Posts

Leave a Reply