Your daily reminder.

submitted by /u/Sneed420 [link] [comments]

source https://www.reddit.com/r/btc/comments/12r867r/your_daily_reminder/

The Central African Republic drops Bitcoin as Legal Tender

In April 2022, the Central African Republic (CAR) introduced Bitcoin as legal tender, aiming to position itself as one of the "bravest and most visionary countries in the world." However, just one year later, the country has reversed its decision and passed a new law restricting the use of cryptocurrencies once again.

The CAR is one of the poorest countries in the world, struggling with numerous challenges such as political instability, crumbling infrastructure, and food shortages. Nevertheless, last year, the country decided to introduce Bitcoin as legal tender, following El Salvador as the second nation to take this bold step. However, the move generated little interest as most business owners preferred to focus on improving infrastructure and security.

From the very beginning, the introduction of Bitcoin as legal tender was met with skepticism, not least because of the CAR's close ties with Russia and suspicions that the use of cryptocurrencies could serve to circumvent sanctions. Additionally, the United Nations warned that cryptocurrencies in developing countries could be associated with high risks and costs.

Now, the Central African Republic has reversed its decision and repealed the original law. Instead, a new law has been enacted, designating Bitcoin and other cryptocurrencies as reference values that citizens can voluntarily use or accept as payment.

The failure of the Bitcoin project in the CAR can be attributed primarily to the country's economic situation and lack of development. From the outset of the Bitcoin introduction, there were strong doubts about the project's success, as only about ten percent of the population had access to the internet. Furthermore, the promised economic benefits never materialized, and planned projects like building a Bitcoin city or launching their own cryptocurrency stalled.

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submitted by /u/jonimyhomie
[link] [comments]

Economics of Bitcoin Mining with Solar Energy | Braiins

submitted by /u/2q_x [link] [comments]

source https://www.reddit.com/r/btc/comments/12r2ygt/economics_of_bitcoin_mining_with_solar_energy/

Bitcoin always comes out on top in the end 👑

submitted by /u/Ryder_Lee100 [link] [comments]

(OC) I've seen a lot of "bitcoin adoption" news articles lately. The orange line based on 1,149,172 financial news articles also supports this! The banking crisis pretty much spurred the bitcoin adoption narrative and bitcoin has been on the rise since then.

submitted by /u/RolfEjerskov [link] [comments]

source https://www.reddit.com/r/btc/comments/12qyhfx/oc_ive_seen_a_lot_of_bitcoin_adoption_news/

Bitcoin mining saved the Virunga National Park by using clean energy that would have gone to waste otherwise

Mining will disrupt energy markets all over the world submitted by /u/helicopterjoee [link] [comments]

Anyone know how it's going with the guy that took out a massive loan to buy crypto?

Can't remember the exact time, guessing around 2017. I do know that he said it was easy for him to get a loan because he worked/ lived in the middle East. I also think he said if all went to shit he could still pay the loan.

I just hope he's still holding and he's up on his investment. And didn't loose everything on leverage trading

This is the only hit I get when googling

https://www.reddit.com/r/CryptoCurrency/comments/96qvxb/here_is_my_bank_instalment_related_to_the_loan_i/

submitted by /u/KingPin300-1976
[link] [comments]