Project Mano (about Ethiopia)

[Apollo]

Project Mano - Bitcoin for Ethiopia

Crypto, Ethiopia, Bitcoin, Money, Inflation, Mining, Hodling, Linking BTC to ETB or other legal tenders

projectmano.com

The Grand Ethiopian Renaissance Dam could turn Ethiopia into a crypto mining powerhouse.

Spoiler: @s

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[Apollo]

Billionaire supported:


Us Somalis are fucked. Ethiopia is going to get crypto whales.

 

[Aurelian]

Project Mano - Bitcoin for Ethiopia

Crypto, Ethiopia, Bitcoin, Money, Inflation, Mining, Hodling, Linking BTC to ETB or other legal tenders

projectmano.com

The Grand Ethiopian Renaissance Dam could turn Ethiopia into a crypto mining powerhouse.

Spoiler: @s

You don't have permission to view the spoiler content. Log in or register now.

that 7000 mg watt is kinda small number for 100 mil country to start ḿining cryptos

 

[Apollo]

that 7000 mg watt is kinda small number for 100 mil country to start ḿining cryptos

Not into this watt stuff, but how crypto mining works is that it taps into electricity that cannot reach population centers in time and is ''wasted''. Nearly all big dams have this excess capacity.

So the GERD dam will give Ethiopia essentially a few billion USD in free revenue without reducing electricity capacity for their own population.

 

[Kool-Aid]

Ethiopia's dam is a game-changer for them. We need to start drilling for our oil!

Somali Oil Now! It's Time For Us to Get Rich! To Hell with Environmentalist!

As the environmentalist get more influential it's gonna get more annoying to drill for oil. Countries are also trying to get off oil. Southern Somalis need to get their shit together fast. We need a competent, transparent and honest government to makes sure oil drilling starts and the money from...

www.somalispot.com

 

[Aurelian]

Ethiopia's dam is a game-changer for them. We need to start drilling for our oil!

Somali Oil Now! It's Time For Us to Get Rich! To Hell with Environmentalist!

As the environmentalist get more influential it's gonna get more annoying to drill for oil. Countries are also trying to get off oil. Southern Somalis need to get their shit together fast. We need a competent, transparent and honest government to makes sure oil drilling starts and the money from...

www.somalispot.com

at least poor countries have an excuse for extracting oil/gas. you can for example build renewable energy plants with the oil/gas revenue, like an economic bush.

 

[The alchemist]

This presents more possible risks than solutions. At least with fiat, there's an element of possible power in analyzing the root cause of how the currency behaves in an economy. With things like Bitcoin, certainly, these Westerners wanting poor countries to take up these new ideas as instant solutions are willing to experiment on them without any responsibility, a system they can't handle themselves in that capacity.

Like some wrote on the site you linked, fiat is a problem in Ethiopia for many reasons and it directly affects the value of the currency and the overall economy. Even if they took up Bitcoin today, the structural problems that were at the underlying core cause of why the national fiat problems existed are still very present and still need to be fixed. A very bad analysis. Lol