While BTC can help the grid (just look at Texas) when you grossly mismanage everything as the Venezuelan government did welp they have to last out at a user instead of fixing their problem. Might be a nice temp fix for now but it wont be for long.
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10 sats \ 0 replies \ @TNStacker 20 May
This is what Bitcoin is for. Let them try!
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84 sats \ 2 replies \ @0xIlmari 19 May
Let me guess,
Government: *subsidies electricity for the people, keeping prices artificially low*
People: *spin up miners to take advantage of cheap electricity*
Government: *surprised Pikachu face*
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21 sats \ 0 replies \ @ek 20 May
Government: *bans electricity*
Sun goes down and it gets dark
Government: *bans darkness*
nothing happens
Government: *bans darkness again*
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0 sats \ 0 replies \ @Cje95 OP 20 May
Ehhh I am not sure they really subsidized theirs.... they have had grid issues for years now since they never upgraded or took care of them and then were sanctioned. They have had blackout issues for a while now
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44 sats \ 1 reply \ @bief57 20 May
The news really is: the Government of Venezuela will expropriate and steal mining machines to use, sell them and give them away to all the corrupt. It is ironic that they report this news because most of the mining farms are located on military bases and belong to the government.
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0 sats \ 0 replies \ @Cje95 OP 20 May
Yeah you hit the nail on the head. They had previously been more or less just stealing mining equipment from others and setting it up on military bases. I would assume there is an exception for the military so that they can keep doing this they just needed to make it illegal for the regular everyday person
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0 sats \ 0 replies \ @LowK3y19 16 Oct
Trying to control the power grid for themselves
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0 sats \ 0 replies \ @LowK3y19 29 Sep
Trying ban bitcoin
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0 sats \ 1 reply \ @DeltaClimbs 20 May
Breaking: bitcoin bans Venezuelan tyrants from being alive, country finally liberated
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0 sats \ 0 replies \ @bief57 20 May
AMÉN hahaha
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0 sats \ 0 replies \ @Maximux 20 May
I believe that governments should not hinder Bitcoin mining in any country.
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