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44 sats \ 1 reply \ @bief57 20 May \ on: Venezuela bans crypto mining to protect power grid bitcoin
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.
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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