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84 sats \ 2 replies \ @0xIlmari 19 May 2024 \ on: Venezuela bans crypto mining to protect power grid bitcoin
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*
Government: *bans electricity*
Sun goes down and it gets dark
Government: *bans darkness*
nothing happens
Government: *bans darkness again*
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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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