#DBS We’ll do it live #SpacesHost run by plebs | Monetary education, sovereignty and prosperity through #Bitcoin [email protected] #DesiBitcoinShow
India 🇮🇳
Joined July 2022
- Tweets359
- Following18
- Followers1.3K
- Likes271
Desi ₿itcoin Show🎙 retweeted
There's a line in the song Big Yellow Taxi goes "You don't know what you've got 'til it's gone."
In Sept 2024, Norwegian residents found that out the hard way, discovering too late that Bitcoin mining had for years been keeping their power prices 20% lower.
When a Bitcoin mining operation left the grid, local power company Noranett instantly increased prices to residents, to compensate for the revenue shortfall.
The news was covered by government state owned media organization NRK (analogous to BBC)
Bitcoin mining has been found in multiple studies to be able to use energy that would otherwise be wasted, which contributes to lower electricity bills.
This is one of a number of cases where Bitcoin mining has direct lowered electricity prices. I'll be sharing some other documented cases this week.
Are they banning bitcoin or banning themselves from bitcoin ?
🇦🇫 TALIBAN DECLARES WAR ON BITCOIN, CALLS IT A “SCAM”
Afghanistan’s Taliban government has effectively banned Bitcoin and crypto trading nationwide, threatening traders and businesses with prosecution.
More than 20 crypto shops shut down in Herat
At least 13 traders reportedly arrested
Monthly crypto inflows collapsed from a peak above $150 million to less than $80,000
Bitcoin and stablecoins had become important tools for savings and remittances after Afghanistan was largely cut off from the global banking system
Taliban officials have labeled digital assets fraudulent and argued that crypto speculation resembles gambling under Islamic law.
The crackdown has crushed Afghanistan’s visible crypto market, but it hasn’t eliminated Bitcoin itself.
Anyone with internet access, private keys and a willing counterparty can still transact.
You can shut down the exchanges. You can arrest the dealers. You can outlaw the asset.
You cannot shut down Bitcoin.
