Sαmuel

[Sαmuel @Hadis_philo]

@skillzxtimi @MoArsenal86 Saka

[Gudu Publishing @GuduPublishing]

An Excerpt from ማኅተመ ሥላሴ ወ/መስቀል’s “የአባቶች ቅርስ” (1943) : A Collection of Amharic Sayings.

#የአባቶችቅርስ #gudupublishing #contentforthecurious

[Project Mano | ማኖ 🇪🇹 @projectmano]

Here is why foreign BTC miners in Ethiopia are a NET negative for BTC & the effects BTC would've had in the country without their presence.

1. All of them are not real bitcoiners. As glassnode clearly notes with onchain evidence, 90% of sellers that amplify the BTC bear market are BTC miners. If not for miners, BTC would never experiance bear markets. But when the cost of acquiring a single BTC is so low, not more than 20k$ - most of the BTC is profit for them. The particular miners in Ethiopia have managed to open the floodgates of low level & high level corruption in Gov offices, allowing them to acquire power at 0.02kWh. You are profitable in mining BTC if cost of power is <0.13kWh. They are spending ~20,000$ to acquire a single BTC - abt 80% of the ROI is often dumped in market.

2. While companies like RIOT & MARA are following the MSTR strategy by selling convertible bonds to acquire more BTC, BTC miners who are not real bitcoiners won't do that. Instead they acquire BTC to dump it on the market constantly. 2.5% of hashpower is a lot - & all of that dumped onto the market is even more fuel for amplifying a bear market.

3. Foreign BTC miners in Ethiopia are extremely corrupt. they were chased away from countries like Oman, China & Iran for overusing the grids & corruptly buying power from the grid that affected the population. Despite this, they didn't stop utilizing same strategy, & their constant mention of "stranded power" is a lie, a bunch of them have setup offices near big cities where the supposed power is taken from the population that suffers from power shortages daily.

4. When we started projectmano, 1USD was 25 ETB. Today? Its 139. We saw it coming a mile away. Our recommendation since 2019 (BTC was 15k) was: AS A GOV, monopolize & mine #BTC using stranded energy, Store as reserve, link to currency = easy. Strong ETB. Using this methodlogy Ethiopian gov could make 8-10bn$ in current BTC - more than enough money to close the trade deficent & reverse inflation on ETB. Our proposal is public on https://t.co/Rr20QHcPWO - it is by patriot Ethiopians who are tired of seeing the rise of ethnic fingerpointing & civil violence as resources are depleted out of the country.

5. Instead - by selling power to corrupt BTC miners, Ethoipia has only made 55m$ for over 600MW of power. That is more power than what it took to train GPT4 - the most advanced languge model to date. Its market value is more than 250m$ - if used to mine BTC, would've yileded enough to stop the agony of the Ethiopian people by generating billions of $. we are talking billions of $ OR 55m$ for 2.5% of the BTC network.

6. & Worst of all, beyond telling & convicing the GOV mining & holding BTC in reserve as a bad idea, they went as far as lobbying the GOV to not allow locals to mine BTC. to ONLY ALLOW FOREIGNERS to mine BTC. There is no basis to this rule other than extreme greed. Even greedy people have limits, where they take what they need & still allow others to prospher for peaceful cohabitation. we dont think its just greed - its EVIL. to work extra hours, lobbying gov officals to say "Ethiopians & Ethiopian gov should not mine BTC but allow us to... with less than optimal pricing - so we could dump it on the market". Stealing opportunity that could have been used by all Ethiopians to change their lives.

So as you can see, as @duczko said " nobody makes any money from exploiting the Ethiopian energy other than foreign BTC miners & corrupt Ethiopian politicians" - & its time the public knows this. its time the BTC community understands this before prasing mine videos they see out of Ethiopia. Its time we kick these miners out & use BTC for who its meant for: poor countries with energy grids to bypass the industrial phase. Our #1 enemy is not just corruption but corrupt foreign BTC miners. & we want them out. Please share to amplify pressure & save a generation from war & poverty & use BTC to actually change a country with a population of 100+M.

[Sαmuel @Hadis_philo]

@doin_bitss 🤣🤣🤣

[Sαmuel @Hadis_philo]

@tbereketeab https://t.co/dCFtrt3YmY

[Sαmuel @Hadis_philo]

I think, as humans, we tend to...

[አንተneh🇪🇹 @Lostmyvibe2]

the first "logic" to be an Ethiopian:
የራስህን የሆነ ነገር ለመውደድ መጀመሪያ ማድረግ ያለብህ የሌላውን አምርረህ መጥላት ነው!

[Sαmuel @Hadis_philo]

@naval @mihretum @SolomonMKassa @KalKassa selling electricity to miners and earning hard currency is good, but let's also accumulate some Bitcoin for the long term.

[Sαmuel @Hadis_philo]

"When you have employees that you pay $100 to $200 an hour, giving away $10 for a free lunch can stop them heading out to nearby restaurants and spending a long lunch there. If the free food is convenient enough, they'll even work at their desks while they eat."

[ቤተልሔም ነጋሽ | Bethlehem N @BethlehemNeg]

ፋና "ለሠራተኞቻቸው ምግብ የሚያቀርቡ ድርጅቶች" ብሎ ዜና ሠርቶ ፎቶው ላይ ያሉትን የእያንዳንዳቸውን ጥቅማጥቅም ዝርዝር አቅርቦ በሾርኒ ' ምግብ ማቅረብ ብርቅ አይደለም' ብሎአል።
እስቲ የመምህራንን ምገባ ስትቃወሙ የነበራችሁ ችግሩን አስረዱን - ስድብ አንቀበልም ታዲያ 😉

[Konstantin Kisin @KonstantinKisin]

I am an agnostic but I believe in whichever deity Tony Hinchcliffe prays to.

[Anthony Pompliano 🌪 @APompliano]

Prediction markets look like they were more accurate than political polls so far.

Free market capitalism wins again.

[Sαmuel @Hadis_philo]

@Jonaharar2411 😂😂😂

[Sαmuel @Hadis_philo]

@MekdelawitAsse1 absolute masterpiece

[Naval @naval]

If you aren’t volunteering to fight in a particular war, you shouldn’t be advocating for it.

[ራስ ቢትወደድ @RAS_EPHI]

@tsegi_yilma የህግ ማዕቀፉ እስካልተከለሰ ስቃዩም ይቀጥላል አጥፊውም በኩራት ሲንጎማለል ይኖራል 👍

ስለ ህጉ መሻሻል እንጩህ 👍

[Sαmuel @Hadis_philo]

@patrickbetdavid Ron DeSantis

[Naval @naval]

If we leave the defense-industrial complex in charge of the government, of course we’re going to have more wars.

[Sαmuel @Hadis_philo]

@tbereketeab Soul

[Sαmuel @Hadis_philo]

@ManuheF Next to Saka?

[Sαmuel @Hadis_philo]

@Mela1643 @Gojjam_ liberal arts😁

[Premier League @premierleague]

How does your team's start to the season compare? 👀