“Bitcoin hashrate just plunged ~17%—as Xinjiang authorities shut down hundreds of thousands of mining rigs in a renewed crackdown. These miners operate in a legal gray zone with no asset protection; many face outright confiscation. It's a human tragedy behind the metrics. Yet this pain catalyzes true decentralization. Hashpower is already migrating to Texas, Kazakhstan, Iceland—jurisdictions beyond any single state's grip. China's '21 purge triggered a global mining boom; this wave could accelerate green energy adoption and regulatory clarity worldwide. Bitcoin's design absorbs such shocks. Short-term hit, long-term network resilience.”

“When exposing a crime is treated as committing a crime, you are being ruled by criminals.” — Edward Snowden

Take care of your bitcoins. 😅

What are you working on right now that you genuinely feel proud of and would like to share on Nostr? Who knows—this could spark great conversations, meaningful collaborations, and future partnerships. 🔄⚡️

🙌🏽 @Lyn Alden

THIS WAS NOT UNEXPECTED.

Fiat Standard @Saifedean Ammous