Square is creating a new business (joining Seller, Cash App, & Tidal) focused on building an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services. Our primary focus is #Bitcoin. Its name is TBD.
Similar to how global central banks have incentivized citizens of the world to get in debt up to their eyeballs, the IMF does the same but for nation states. #Bitcoin flips this incentive on its head. Watch El Savador's actions here...it's going to be extremely demonstrative.
Iโve just instructed the president of @LaGeoSV (our state-owned geothermal electric company), to put up a plan to offer facilities for #Bitcoin mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos ๐
This is going to evolve fast! ๐ธ๐ป
@APompliano@dhruv@carlitosrejala@wclemente Paraguay is part owner of the Itaipu hydroelectric dam
In the period 2010-2019, the Itaipu Dam maintained the highest average annual hydroelectric production in the world averaging 92.7 TWh per year, higher than the 91.9 TWh per year average of the Three Gorges Dam in that period
Neurons in a culture dish trying to form connections with each other. Sped up to show 8 hours in 1 second. Bright spots are the neuron nuclei. We have 100 billion of these in our brain. Amazing.