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Electricity is subsidized in many developing countries and the miners significantly siphon off of the primary resource that keeps them(farmers and others who co
by templarchamp 5y ago
Electricity is subsidized in many developing countries and the miners significantly siphon off of the primary resource that keeps them(farmers and others who come out of the poverty cycle) going, significantly increasing the odds against such people. Why did it take so long? India and many other countries would ban them outright - sooner or later.
- Proven 5y agoWhy did it take so long? Because Bitcoin miners are the only people who actually pay their bills. Perhaps socialists should use this opportunity learn a lesson and stop subsidizing stuff, but I doubt that will happen. The fact that government-sponsored schemes to pull the poor out of poverty always turn out to be a form of state-assisted plunder aren't a coincidence. It's supposed to work that way.