Project Mano | ማኖ 🇪🇹

Movement to push Ethiopian Gov. to embrace #Bitcoin. Ideas for ETHIOPIA to use to rescue our economy - Join the movement!

[Project Mano | ማኖ 🇪🇹 @projectmano]

THREAD - For the last 6 months or so, we have been trying to push the Ethiopian Gov. to consider mining and storing #Bitcoin to combat the rising inequalities & global inflation. We now have mobilized like-minded Ethiopians to start Project Mano https://t.co/ZIaIYbElEt

1/4

[Senator Cynthia Lummis @SenLummis]

.@SecScottBessent is right: a budget-neutral path to building SBR is the way. We cannot save our country from $37T debt by purchasing more bitcoin, but we can revalue gold reserves to today’s prices & transfer the increase in value to build SBR.

America needs the BITCOIN Act.

[Treasury Secretary Scott Bessent @SecScottBessent]

Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President Trump established in his March Executive Order.

In addition, Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the “Bitcoin superpower of the world.”

[Project Mano | ማኖ 🇪🇹 @projectmano]

which direction do you think is the only reasonable direction? selling at lower than it costs to produce, in "stranded energy", when in fact all of them are near Addis using non-stranded energy without basically no profit or using public funded energy to actually solve public problems like foreign currency shortage and inflation? shortsightness is not being smart. Bitcoin is not for the shortsighted. The foreign miners aren't shortsighted, thats why they mine Bitcoin. Its not smart to make it seem like the debate is a valid one. There is no sensible reason AT ALL to allow foreign bitcoin miners when the State could have a 10x more profitable operation and use it to build a strategic bitcoin reserve that could 100x in years.

[Project Mano | ማኖ 🇪🇹 @projectmano]

@alemayehuGeda 🙏

[Project Mano | ማኖ 🇪🇹 @projectmano]

We have been saying this (among many things) for years. Despite being offered large sums of $$ by various miners to shut up, we stood our ground and screamed on top of our lung that this is an unsustainable and corrupt hijack of public resources for benefit of few foreign Bitcoin mining companies. The only scenario it makes sense to allow Bitcoin mining with tax payer funded revenue is if the State or State owned enterprise became the sole operator of Bitcoin mining, with the strategy of storing the acquired Bitcoin for longer term. This way, the low cost of acquisation on a future world reserve asset that is finite in amount can be used to protect the ETB from slumping down even further. As there should have been a Strategic Bitcoin Reserve a long time ago and mining provides a significantly cheaper avenue to building that compared to directly buying Bitcoin.

The idea was hijacked from our initial proposal 5 years ago on https://t.co/vIyuju98Hg for the State to mine Bitcoin itself using stranded power and not sell the power to foreign bitcoin miners. However, the "experts", who are people like @KalKassa, a sell-out traitor who'd sell his grandparents for a simple pat from foreign hands. He is pathetic absolute lowlife. an insidious plague, a wolf in sheeps clothing, more harmful than any foreigner because he uses his "Ethiopian" face and card to drag the world to benefit from public tax funded resource, while at the same time spreading propoganda Government mining is risky - the incentives are for his own pocket, and truthfuly, he should be investigated. He is a venomous insect that would gnaw on his own mother’s corpse for a crumb of validation from foreigners. The other expert who claims to be a Bitcoiner but resists on State mining because he think its threatning to his business is Nemo Semret. Both of these people have deep incentive that conflicts with their own personal interests to spread anything but the truth, sometimes with scentific seeming claims that could easily be debunked.

Ethiopia's power is cheap at 1c/kWh is not because the cost of production is that much. The cost of production is significantly higher. The only reason is to make power accessible to people who live under 1$/day, which is a significant portion of the population. Not to drag the world into benefiting and basically extracting Ethiopians tax payments by paying less than what it costs to produce the power. The only benefit is short sighted, quick foreign currency. By comparasion, if the State had started mining when we made the recommendation 5 years ago, there would have been over 20bn$ earned from Bitcoin mining. and if that is stored in a Bitcoin Strategic Reserve, there would def not be any foreign currency crisis.

Since Day 1, Project Mano's goals have been the same. Increase the buying power of ETB against any currency by building a Strategic Bitcoin Reserve through State owned mining Enterprise. The opportunity cost of listening to people who only spread information that benefits them has been in tens of billions of $ and in few years in hundruds of billions of $ when Bitcoin price crosses at 250K. Sooner or later, the public will realize this fact, and how they are funding a closely operated colonization project that extracts all the resources they could have used to change their lives.

Today @TirusewAsefa and @alemayehuGeda have noticed and started questioning the incentive structure behind it, as we have for years. Soon more people will. Ultiamtely, not losing sight of the opportunity is what matters: which is that the Ethiopian Gov should be mining Bitcoin itself. A resource that had over 250% yearly increase on average since the year it has been created.

References: https://t.co/1ylAL6mz4g

[Tirusew Asefa, Ph.D., P.E., BC.WRE., F.ASCE @TirusewAsefa]

This is a good start to pause and think. A few statistics for big picture.

1⃣ The Bitcoin miners enjoy ~$0.035 to $0.0385/kwh access to buy energy.
2⃣ It cost #Ethiopia $0.03 to $0.05/ kwh to produce hydropower. Basically, it is a break even or at a loss sale. A huge discount.
3⃣ #Ethiopia sells ~$0.065/ kwh to neighboring countries which is already about twice more than what it gets from the bitcoin folks.
4⃣ Cost of energy production for countries that buy energy from #Ethiopia, if they have to do it by themselves, is $0.13 to $0.2/kwh, a THREE to FIVE fold of what #Ethiopia is selling to this industry.🤔

Of course, the priority is how do we get this energy to the needy?

[Project Mano | ማኖ 🇪🇹 @projectmano]

@TirusewAsefa Here is a detailed response (supporting to your point) https://t.co/oTi2bG3rjq

[Project Mano | ማኖ 🇪🇹 @projectmano]

We have been saying this (among many things) for years. Despite being offered large sums of $$ by various miners to shut up, we stood our ground and screamed on top of our lung that this is an unsustainable and corrupt hijack of public resources for benefit of few foreign Bitcoin mining companies. The only scenario it makes sense to allow Bitcoin mining with tax payer funded revenue is if the State or State owned enterprise became the sole operator of Bitcoin mining, with the strategy of storing the acquired Bitcoin for longer term. This way, the low cost of acquisation on a future world reserve asset that is finite in amount can be used to protect the ETB from slumping down even further. As there should have been a Strategic Bitcoin Reserve a long time ago and mining provides a significantly cheaper avenue to building that compared to directly buying Bitcoin.

The idea was hijacked from our initial proposal 5 years ago on https://t.co/vIyuju98Hg for the State to mine Bitcoin itself using stranded power and not sell the power to foreign bitcoin miners. However, the "experts", who are people like @KalKassa, a sell-out traitor who'd sell his grandparents for a simple pat from foreign hands. He is pathetic absolute lowlife. an insidious plague, a wolf in sheeps clothing, more harmful than any foreigner because he uses his "Ethiopian" face and card to drag the world to benefit from public tax funded resource, while at the same time spreading propoganda Government mining is risky - the incentives are for his own pocket, and truthfuly, he should be investigated. He is a venomous insect that would gnaw on his own mother’s corpse for a crumb of validation from foreigners. The other expert who claims to be a Bitcoiner but resists on State mining because he think its threatning to his business is Nemo Semret. Both of these people have deep incentive that conflicts with their own personal interests to spread anything but the truth, sometimes with scentific seeming claims that could easily be debunked.

Ethiopia's power is cheap at 1c/kWh is not because the cost of production is that much. The cost of production is significantly higher. The only reason is to make power accessible to people who live under 1$/day, which is a significant portion of the population. Not to drag the world into benefiting and basically extracting Ethiopians tax payments by paying less than what it costs to produce the power. The only benefit is short sighted, quick foreign currency. By comparasion, if the State had started mining when we made the recommendation 5 years ago, there would have been over 20bn$ earned from Bitcoin mining. and if that is stored in a Bitcoin Strategic Reserve, there would def not be any foreign currency crisis.

Since Day 1, Project Mano's goals have been the same. Increase the buying power of ETB against any currency by building a Strategic Bitcoin Reserve through State owned mining Enterprise. The opportunity cost of listening to people who only spread information that benefits them has been in tens of billions of $ and in few years in hundruds of billions of $ when Bitcoin price crosses at 250K. Sooner or later, the public will realize this fact, and how they are funding a closely operated colonization project that extracts all the resources they could have used to change their lives.

Today @TirusewAsefa and @alemayehuGeda have noticed and started questioning the incentive structure behind it, as we have for years. Soon more people will. Ultiamtely, not losing sight of the opportunity is what matters: which is that the Ethiopian Gov should be mining Bitcoin itself. A resource that had over 250% yearly increase on average since the year it has been created.

References: https://t.co/1ylAL6mz4g

[Project Mano | ማኖ 🇪🇹 @projectmano]

@OctagonNetworks

[Stacy Herbert 🇸🇻🚀 @stacyherbert]

El Salvador Strategic Bitcoin Reserve hit an all time USD high today:

💰$738,750,808

[Bitcoin Magazine @BitcoinMagazine]

BREAKING: 🇵🇰 Pakistan’s Finance Minister and State Minister on Crypto Bilal just talked with Michael Saylor about #Bitcoin

Nation States are here 🚀

[Vivek Sen @Vivek4real_]

🇵🇰 PAKISTAN JUST ANNOUNCED TO ESTABLISH A STRATEGIC #BITCOIN RESERVE

WHAT A TIME TO BE ALIVE!!!

[Project Mano | ማኖ 🇪🇹 @projectmano]

Every state and country in the world is passing a Strategic Bitcoin Reserve Act and securing their future. Ethiopia can acquire Bitcoin at a significantly lower cost than what's available on the market, thanks to its unique power infrastructure. Why would we want to be last or hand this opportunity over to foreign mining companies? We've been lobbying for 5+ years—we don't think Ethiopia can afford to delay any longer. Policymakers, please use your influence within the government to ensure we aren't left behind. This is a first-come, first-served situation: whoever acts early benefits far more than those who follow later.

cc @YodaheZemichael @mihretum @Myriam_A_Said
@btaye @seleshi_b_a @EyobTolina

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: Texas Strategic Bitcoin Reserve bill SB21 officially PASSES and goes to Governors desk for final signature 🇺🇸

[Bitcoin Magazine @BitcoinMagazine]

BREAKING: 🇺🇸 New Hampshire Governor Kelly Ayotte officially SIGNS bill into law allowing the state to invest in #Bitcoin

[Project Mano | ማኖ 🇪🇹 @projectmano]

𝗘𝗧𝗛𝗜𝗢𝗣𝗜𝗔𝗡 𝗥𝗘𝗦𝗢𝗨𝗥𝗖𝗘𝗦 𝗙𝗢𝗥 𝗘𝗧𝗛𝗜𝗢𝗣𝗜𝗔𝗡𝗦 🇪🇹!

WE AREN'T ASHAMED OF THAT, AND YOU'LL NEVER MAKE US ASHAMED OF IT!

THE RESOURCE IS RIGHTFULLY OURS! THEY AREN'T YOURS. ENERGY IN ETHIOPIA IS A TAX-FUNDED RESOURCE FOR THE PUBLIC! Since you want to have this conversation publicly, let's get into it. We expect your PUBLIC convincing response as well. The world will decide who has the "wildly incorrect" claims.

First, your crippled choice of words in calling Project Mano "xenophobic":

Governments exist to serve their people; THAT'S LITERALLY THEIR JOB DESCRIPTION. No one calls this xenophobic. Xenophobia is hate... all we asked is whether we put priority on the STATE, the public, and the locals before we opened the floodgates to foreigners who will unashamedly and corruptly buy their way into every government office, who were chased out of every country they went into, and who amplify corruption and greed and actually cause a power shortage instead of helping electrify the country?

The reason power in Ethiopia is a STATE monopoly and cheap is for a reason. It's not rocket science. Most of our population earns $1 a day—they can't afford food, imported items, or the luxury things you consider a product of the "free market." It isn't so the rest of the world brings their machines and makes 75-80% profit mining while throwing us pocket change that will NEVER, no matter how you do the math, take us where we need to 3-4x our export revenue. State power in Ethiopia is A TAXPAYER-FUNDED resource!! We elected a system where no company except the government can operate in generating energy to make it accessible for the public. For this reason, it is NOT a FOR-PROFIT "company" like you make it sound. It exists to serve the public at NO profit—which is why we PAY our taxes to make power cheap for all of us, NOT FOR FOREIGN BITCOIN MINERS to come and pay us pennies on the dollar. ANTI-COLONIALISM IS NOT "XENOPHOBIA"!

The structure is in place to benefit the poor. Our water, our power, and our energy work from tax money and not for profit because that's what we want. Those are the systems we elected. You can't show up and lecture us about how it must change because it's good for your profit margins. Democratically and culturally, we like helping each other, and therefore many of our essentials, just like the police and military, are provided by the State and ARE NOT outsourced for profit to make an already difficult life impossible for our public.

You are calling us "xenophobic" for wanting the MAXIMALLY BENEFICIAL outcome for Bitcoin and Ethiopia.

You mine Bitcoin because you believe someday it will be worth multiple millions of dollars, and the cost of acquisition at today's price by mining it gives you an insane margin for the future price you might liquidate it at. Therefore, the nuances of whether your profit margin is 90% or 75% make absolutely no difference. There is an opportunity to acquire it at way below market price, and the country can do that to fund its STATE duties.

We DO NOT want foreign Bitcoin companies to profit and extract all the Bitcoin out of the country. Hell, we don't even want "local" companies to just profit, even though that's a better structure—we want the PUBLIC, EVERYONE IN THE COUNTRY, to benefit. The MAXIMALLY beneficial role can only be accomplished by the Government, as it's LITERALLY their job to serve the public.

THE ONLY WAY TO SHARE THE REVENUE WITH THE PUBLIC IS BY STRENGTHENING THE CURRENCY EVERYONE USES—THIS WAY, EVERYONE GETS RICH TOGETHER—NOT FOREIGNERS, NOT A SELECT "FEW" ETHIOPIANS. THIS IS DONE BY CLOSING THE TRADE DEFICIT AND HAVING A RESERVE THAT WILL OUTPERFORM OUR INFLATION RATE. You know this. You are just scared that if the government starts mining, it will monopolize the market and kick you out of the country. We have told you time and time again, there is enough room for both the STATE and few local companies to mine, where the earned revenue is used to fund a NATIONAL BITCOIN RESERVE and ACTUALLY ELECTRIFY not make 50m$ or 100m$ insulting dollars. Ethiopia is a poor country where we can't justify buying Bitcoin to have a reserve, but we have a once-in-a-lifetime opportunity to acquire it cheaper than the market value, put it in reserve, and allow it to grow over 1000% in few years. This will truly open the economy by creating an inflow of FX and distributing wealth in the only currency we are allowed to own. WE ARE TIRED OF BEING PUBLICLY EXPLOITED, BEING A LAUGHING STOCK AND DESPITE PROJECT MANO'S EFFORTS, BEING SCOLDED BY THE LIKES OF YOU.

Your fight here is pathetic and It's ridiculous. You have been trying to convince the government to import the rest of the world to benefit from TAXPAYER-FUNDED, NON-PROFIT power, to MINE BITCOIN TO TAKE OUT OF ETHIOPIA. Oh, Ethiopian government made pennies by selling electricity? Wrong. It just turned the money the public gave it for energy to Bitcoin miners for nearly zero profit when you calculate it. BUT YOU KNOW THIS! YOU PRETEND NOT TO... now let me get to your next "point."

That "we fail to understand why government mining is a terrible idea": Oh yeah? WE DO, HUH? You and your crony foreign miner "partners," who are afraid to show their faces and put fake Ethiopian-looking "CEOs" like Kal Kassa because they actually understand they are exploiting the country, KNOW IT'S NOT A TERRIBLE IDEA. You have been screaming this with no proof, no research whatsoever other than your said so with no depth. You proclaimed this from the first day you set foot in the country because you are SCARED that if the government mines Bitcoin, they would compete with you, and you can't possibly imagine a cooperative environment. But I'll play devil's advocate and assume you don't know. A few questions for you:

What makes YOU so DAMN competent—more than a country full of 100 million people, who, by the way, just built the largest hydro dam in the continent that produces 6,000MW, which you are BEGGING to have access to? What makes us SO DAMN INCOMPETENT that only "foreign" miners like you are the only ones who can make it work and make it profitable in literally the cheapset energy sector with ability to make it cheaper and build new resources? You can lie all you want, but we do know your profit margins. But as I said above, the true profit margins ARE NOT today's Bitcoin price; it is tomorrow's Bitcoin price. As a nation, we don't want them to "mine" it to immediately sell it. WE WANT A RESERVE. THAT HAS BEEN PROJECT MANO'S GOAL SINCE DAY ONE.

We realized asking the government to buy it is unrealistic, so we made a plan for the STATE to acquire it through mining. Instead of partnering with us to make this work, those of you, who I'd actually call ANTI-BITCOIN, are in the middle causing friction, stopping a nation-state from MINING, and therefore ACQUIRING a National Bitcoin Reserve.

This time will pass, and history will look back at this moment, recognizing that Project Mano was correct while you were lying.

Project Mano wants nothing—no money, nada. We started this initiative 7+ years ago because we saw a glimpse, a rare, once in a life time unbelievable opportunity to turn this cursed economic situation into a true paradise where hope and aspiration can live. A future where we are finally not ashamed to call ourselves ETHIOPIANS can come—not for us, but maybe for our kids. the highlights for projectmano are on https://t.co/Rr20QHcPWO but we have super detailed plans

You are wise and old enough to understand all of this. I believe you engage in these conversations with ill intent and that you actually understand what we want COULD work, WOULD work, and you are just scared it would sabotage your business endeavors, no matter how many times we tried to clarify that if you work with us, it would not.

A true Bitcoiner wouldn't do what you are doing. working extra hard from stopping and misinformating a not wealthy Government mining and holding BTC is bad for them. Instead, they would tell and lobby the Government to:

"Yes, if done well, if done transparently, the STATE could generate revenue that could 3-4x its foreign income, this could reverse inflation, and as Bitcoin price goes up, it will likely save a generation. But this is hard to do—it needs to be planned well, executed well, needs a committee, needs to be transparent to the public, and have an anti-corruption board—while at the same time, allowing locals to participate in this economy.".

This is how we will create a Bitcoin country. It's not rocket science—just simple steps.

DO BETTER! PEOPLE & HISTORY ARE WATCHING!

[The Bitcoin Historian @pete_rizzo_]

BREAKING: 7 MORE REPRESENTATIVES SIGN ON TO ENDORSE LUMMIS PLAN TO BUY 1 MILLION #BITCOIN

AMERICA IS ADOPTING BTC 🚀

[Senator Cynthia Lummis @SenLummis]

Meet your BITCOIN Act cosponsors.
@MarshaBlackburn @berniemoreno @RogerMarshallMD @JimJustice_WV @SenTuberville

Welcome a₿oard!

[Project Mano | ማኖ 🇪🇹 @projectmano]

@FanosCrypto 10000%. this has been obvious since day one. we need to move and we need to move now. so much time and opportunity has already been wasted

[President Donald J. Trump @POTUS]

"Welcome to the first-ever White House Digital Asset Summit. Last year, I promised to make America the Bitcoin superpower of the world, AND WE'RE TAKING HISTORIC ACTION TO DELIVER ON THAT PROMISE." –President Donald J. Trump 🇺🇸

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: Michael Saylor advised President Trump at the White House Summit today to acquire up to 25% of the Bitcoin network 🇺🇸

[Project Mano | ማኖ 🇪🇹 @projectmano]

@FanosCrypto over 1.2 Billion $ yearly. and they are planning to sell 1.2GW, that would actually make over 2.6Bn$ for 120m$ only this year. daytime robbery!