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It's shameful that we can't think of something better to do with all that electricity. Data centers, supercomputers even LLMs would create something of social value.
So I am pretty uninformed and I have a gut reaction that I am going to look into today, but I'd appreciate anyone's insight here. My gut feeling is that crypto is kind of... not-good aligned let's say. It's wasteful. It's often predatory. How can it work with Buddhist ethos?
They use spare hydro power during the off season so the net impact on the environment is negligible.
i doubt there is a strong religious justification for this—most likely, Bhutan is doing it because they are cripplingly poor and limited in how much they can diversify their revenue, and Bitcoin is a fairly good speculative asset