Venezuela's Socialist Regime Is Mining Bitcoin In a Bunker to Generate Cash
The socialist regime once cracked down on bitcoin miners. Now it's mining the digital asset itself.
[vice.com]socialist-regime-is-mining-bitcoin-in-a-bunker-to-generate-cash
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Feel free to reply to any comment by clicking the "Reply" button."MinIng" bItcoin?????? You mean computer generating it, you do know it is a construct, not an actual thing, right?
AnneWimsey
Level 9
Dec 17, 2020
1
Yes, that is generally referred-to as 'mining'.
@FearlessFly legitamizing the phony with words implying something else, yeah, that's where I want to invest.....
Google"tulipmania"......
FearlessFly@ have you ever traded in bitcoin? I recently had a number of bitcoin transactions. Not trading or investing. rather connecting with friends and relatives outside the US. Bitcoin seems to be a popular international currency, but not traded much by Americans. I think it is still too foreign a concept for most Americans. We seem to be very conservative when it comes to finances and economics.
t1nick
Level 8
Dec 17, 2020
1
Bitcoin is only unprofitable if you have to pay a market rate for electricity.
Venezuela is a socialist country. There are no markets, and the government owns the generators.
The goal here is not "profit" (a capitalist concept) but hard currency to pay for imports.
FearlessFly
Level 9
Dec 17, 2020
1
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