Who has the seed phrases to El Salvador’s bitcoin? What happens if he doesn’t win in another election, does he stay with the bitcoin? Or what? The treasury is the one in charge?
Me: 🧐 Also me in a search engine: How to hack?
I would guess it’s in treasury addresses. Still, if some communist wins power they may decide the coins are better off anywhere but there.
Irrelevant to El Salvador, but bitcoin allows for complex multi-signature requirements that can meet different political consensus standards
Afaik, the bitcoin is in custody... Also it's in custody with a US company. This is what I've heard, but if true, it's super scary.
My understanding is that it is custodied with River.