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A comment on The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for Years. Parent comment

Re:The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for... by eru on Tuesday May 02, 2023 @01:02AM (#35783553)
If you sell the bitcoin right away, the risks of custody aren't too bad.

You can probably also just join an existing mining pool, and negotiate that they pay you in real money straight away.

> But at least fuel serves a purpose (especially in remote areas!)

Money can be exchanged for goods and services that can serve almost any purpose.

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Re:The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for... by Moneyyyyy on Tuesday May 02, 2023 @02:44AM (#35784170)
And resources are not endless and instead of reducing CO2, we try random hashes

Great...

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Re:The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for... by eru on Tuesday May 02, 2023 @05:43AM (#35785218)
That's a valid concern on a global level perhaps.

For local decisions, they should check what gives them the most resources. And that might be 'trying random hashes to trade for goods and services'.

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Re:The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for... by Moneyyyyy on Tuesday May 02, 2023 @03:26PM (#35792839)
Yes and that's the problem.

Bitcoin can incentive a local market in a global scope.

Bitcoin is a horrendously horrible virus.

Quite crazy to think about that this virus might be invented all over again somewhere Ina distant Galaxy far far away.

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