I thought that Africa is the place wherein there will be big bitcoin movement such as adoption and being used as legal tender.
I think that after 8 years of hoping we can close down shop and move to a different continent and target other countries for the adoption title. Everything about Africa was just daydreaming, many simply mistaken the desire to earn some $ of the general public with real adoption of the concept behind crypto.
Amazing they included the energy concerns in the bill they provided with congress. That is definitely professional approach. The statement goes like this “taking advantage of the renewable and inexpensive energy provided by hydroelectrics". So they are basically also pointing out that once bitcoin is official in the country they will have hydropower powering the farms.
No, it's not pointing towards that at all.
Paraguay only has hydroelectric power, it has no other source, everyone operating there gets hydro so miners won't get some special treatment.
The sad news about this flip flop is that that the bill actually puts mining in a special position where the activities might be suspended or forced to close shop if the state thinks it puts a strain on the grid, it's nowhere near granting special access to cheap energy but actually telling miners that if there is extra demand for the power they will be the first to be shut down. This, with
extra taxation, regulation, and need for a permit no matter the size of your operation will simply make things worse than they were.