58 sats \ 1 reply \ @DarthCoin 12 Nov \ parent \ on: Ethiopia Earns $55 Million from Bitcoin Mining Deals in 10 months bitcoin_Mining
It doesn't matter who mine those BTC. It matter who owns those BTC. And in this particular case, I think Ethiopian gov is just selling the BTC mined for more fucking fiat. I didn't see them PAYING people with those BTC, I do not see them "building roads" with those BTC.
People do not ask the important question in these cases: WHO the fuck is the gov? And where the BTC goes?
If a gov start mining BTC, is perfectly fine. nothing wrong with that. But the important thing is IF they start a bitcoin circular economy with it.
And the article it says very clearly: they sell electricity to mining companies. Not that the gov itself is mining. It's a big difference.
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0 sats \ 0 replies \ @kepford 12 Nov
Its not about what is wrong with it. Bitcoin don't care. Bitcoin is permission-less and you are right about the state. They think in fiat.
They sell electricity to mining companies. Not that the gov itself is mining. It's a big difference.
Fair. The government really doesn't do much of anything except kill and steal. They hire actual companies to do productive things.
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