Fascinating article. It seems the people in control are jumping on the mining bandwagon too, so the power tap will probably remain open for a while.... Venezuela has plenty of their own carbon to generate the wattage, even if they don't have a fucking single thing else.
-- John > On Dec 2, 2016, at 12:07 AM, grarpamp <[email protected]> wrote: > > http://reason.com/archives/2016/11/28/the-secret-dangerous-world-of > > The Secret, Dangerous World of Venezuelan Bitcoin Mining > How cryptocurrency is turning socialism against itself > > Four years ago, Alberto's career prospects were bleak. The 23-year-old > Venezuelan had just graduated from college with a degree in computer > science, but his nation's economy was already shredded by 13 years of > socialism. > > "There were job opportunities, but they paid like $20 a month, and we > were used to traveling and buying things from abroad so we couldn't > settle for that," his friend Luis recalls. Alberto and Luis—whose > names have been changed for their own safety—teamed up to start a > clothing business, but the venture floundered. > > Then Alberto discovered bitcoin mining.
