When a financial system fails, it can be disguised for years. When a grid fails, everyone knows.
In case you missed it, this week Jake Langenkamp from Bitcoin Policy Institute did a well researched writeup of how this could play out during Ukraine's reconstruction plans
The Bitcoin Policy Institute's proposal:
mine Bitcoin with ~750 MW of Ukraine's stranded nuclear capacity. This gives ~$1B over five years for the rebuild and jobs for veterans with no government capital required.
source:
It's not a crazy idea. It's one that is already playing out.
France, while its nuclear capacity is stranded for a different reason, already come to a similar conclusion with parties on the political left, center and right all deciding that this energy should be used for Bitcoin mining. This started with a similar research proposal from France's Bitcoin Policy Institute
The fastest billion for rebuilding a nation sits in its stranded reactors, not its banking system
Ukraine is yet another example of how the world is encountering proof of Bitcoin's value through energy before it encounters it through money.
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NEW RESEARCH from @JakeLangenkamp demonstrates how Bitcoin can accelerate Ukraine's re-energization and strengthen its financial future.
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