JUST IN: 🟠 The IMF proposed an 85% energy tax hike for #Bitcoin miners, citing a potential 75% rise in energy consumption❗️

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Hilarious… watch BTC miners move to the most rural counties, making those countries wealthy to counter this stupidity

Was waiting for this. SUCH a good long term development, IMO, for the integrity of the network.

It’s hard to imagine anything being a bigger force in breaking the centralising trend of large scale commercial Bitcoin mining than the “state” over taxing them and therefore pushing hash to the 2nd/3rd world fringes.

The anti-fragility of this emerging network and ecosystem absolutely blow my mind, regularly. 🤯🙏🏻

Makes it sound like the IMF has some kind of authority to tell people how to run their electric utilities (which it doesn’t)

Take custody of your #bitcoin and get it off any exchange