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0 sats \ 2 replies \ @TheBTCManual OP 25 May 2022 \ parent \ on: How Bitcoin Mining Can Stop South African Load Shedding bitcoin
thank you so much for taking the time to read it, yes I agree, I tried to shorten it as much as I could with still keeping the primary points to try and not lose the reader but it was tough.
There were a few more points I wanted to tackle such as how the reduction in energy cost makes the energy dependence of the countries for
- Gas
- Oil
which can cannot be produced locally can be reduced to further bring down the cost of living and cost of operations,
I think the only way to make it simpler to understand is a podcast, lol there's a lot of complexity and fud/misunderstandings on how energy works that people reading it comes into that need to be addressed first
I have sent the article on to both government entities in South Africa and the energy producer, no hope of it getting picked up but willing to put the idea out there.
I live in New York, where the political sentiment against bitcoin mining is very strong. I'm sure the banking industry is bankrolling a lot of the fud. At least there is some pushback, like from this consumer group:
https://consumerchoicecenter.org/new-yorkers-need-prudence-not-bans-on-bitcoin-and-cryptocurrency-mining/
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Oh man you're in the belly of the beast when it comes to FUD'n proof of work, They will deploy as much of their rentseeker capital to keep it out, plus you've got the ESG crowd there, it's not really as big here in Africa.
I guess I'm a bit biased since I want to the upsetting of the order and things flipped and institutions who rentseek or can't live in a proof of work backed system to feel the pain and change or get washed out.
Even if that's the case where I live and we continue to ignore bitcoin (which I think will be the case), I accept it, we must feel the pain.
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