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0 sats \ 1 reply \ @TheBTCManual 10 Jun \ on: Is MARA DIGITAL a net negative for Africa conspiracy
I like to focus on is the infrastructure going to be helpful, regardless of who is doing it, if they're building lets say a port but your shipping sector can't sustain it, and you fall into a debt trap owing another country yeah that's a balls up, but if its something like mining that can be moved and is there to bootstrap energy production until other industries come to compete for that energy I don't see the harm in it
You make very good and obvious points, but what's most poignant is the timing of the deal. The geopolitical undertone is the main focus. And knowing that the company in question is 100% compliant with the US, masquerading a neutral protocol (Bitcoin) as a means to do good for the nation's power sector (which to be fair would benefit from this deal) isn't all that it seems. Similar moves have been made by the Chinese government in Ethiopia's case.
They're playing 7D chess with our beloved protocol.
Suffice to say that while I understand the economic disruptions that bitcoin would have on the planet, I also keenly pay attention to the political disruption on every scale, and on the African scale, bitcoin is being used by tyrannical governments to push their agenda. which I am neutral on, by the way.
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