I really wish for them to hit the jackpot and break the cycle, but so far, everything valuable in the region was quickly turned into poverty and famine. It’s like a bad magic trick.
notfromhere@lemmy.ml 9 months ago
If this is legit and not corruption and bitcoin eventually takes off to ungodly levels, imagine the biggest bet in history paying off and their country turns around as an economic powerhouse. Risky and stupid but would make a good movie.
deafboy@lemmy.world 9 months ago
Buttons@programming.dev 9 months ago
The only thing keeping them a powerhouse would be a number on a computer that can be stolen. Question is, would people try to steal from a nation rich enough to be a powerhouse and how sophisticated would those theft attempts be?
Mubelotix@jlai.lu 9 months ago
That number is protected the same way gold is. Reminds me you americans stole us 1000 tons of gold during ww2
Siegfried@lemmy.world 9 months ago
Who is us? Please elaborate, )
Mubelotix@jlai.lu 9 months ago
France
Buttons@programming.dev 9 months ago
That’s my point. If a country really did build up enough Bitcoin it became a world power, those Bitcoin would probably be stolen. If it can happen to gold, it can happen to Bitcoin even easier.
NotMyOldRedditName@lemmy.world 9 months ago
It’s ability to be stolen really comes down to was the password to it ever written down or did they not use a password.
If they didn’t write it down, you could conceivably keep it safe from theft as long as the people that know the password don’t give it up if tortured.
Also breaking it up into multiple wallets with different passwords that not everyone knows would limit a complete theft.
Mubelotix@jlai.lu 9 months ago
Why faster? The gold was in a ship because the gold had to be carried, which isn’t the case with bitcoin. If there is no ship you can steal, you won’t get anything