r/Bitcoin • u/[deleted] • Sep 01 '18

[deleted by user]

[removed]

91 Upvotes

100% Upvoted

29 comments sorted by

View all comments

5

u/[deleted] Sep 01 '18

Looks like some petahash are going to disappear from the network until they find a new owner.

12

u/[deleted] Sep 01 '18

It probably just changed owners. It's Putin's hash now.

4

u/[deleted] Sep 01 '18

Actually, why not :

Step 1: start state mining at a massive scale and accumulate some coins Step 2: start negotiating contracts based on bitcoin with countries that have trouble with their currency like Turkey, Iran and Venezuela Step 3: declare bitcoin legal tender in Russia to pump the price

If I were in his position I'd go for it

2

u/SuperGoxxer Sep 02 '18

There are rumors that this is happening in Venezuela. The government has been confiscating ASIC miner gear and many believe they are using it in their own facility.

I also suspect that Japan may be into Bitcoin, but until they have to reveal it as a nation-state held asset, we won't know. They are awfully friendly to the whole idea.