4 ms·
If they are going to try to build a substantial part of their economy on bitcoin mining, they are going to run into the same issue Russia has where a fluctuatio
by lkramer 5y ago
If they are going to try to build a substantial part of their economy on bitcoin mining, they are going to run into the same issue Russia has where a fluctuation in fossil fuel prices can completely stall their economy.
A less exciting, but more prudent action would probably be to build out the energy infrastructure so they are able to export the vulcano energy to neighbours.
- smt88 5y agoPoW mining is a way to export energy, and they can do it much further than to immediate neighbors. BTC is a bit like transferrable electricity. Whether that makes it good or bad for the world is certainly... debatable.
- jankeymeulen 5y agoGood luck converting the BTC back to energy though.
- senectus1 5y agoI mean, good luck converting that Gold ingot back into energy...