Post
Topic
Board Economics
Re: Everything you wanted to know about Bitcoin Strategic Reserve
by
fillippone
on 01/06/2025, 23:01:49 UTC
IMF is evil.
IMF people care about IMF people, not about the people of the country where the IMF is intervening.
Also, they never have accountability for their spending. Not that this is a huge problem, since they have de facto infinite funding from member states.
Your post reminds me of the news of the IMF questioning Pakistan for allocating 2,000 megawatts of electricity for Bitcoin mining. From the look of things, it seems that the IMF is doing everything possible to stop nations from investing in Bitcoin. They are just tools used by some countries to control others. I agree with your assertion that they are evil.

IMF raises concern over Pakistan’s Bitcoin mining power plan: report
While writing this post, I was thinking exactly at that fact.
Pakistan is using their natural resources in a smart way, trying to steer their path toward a better future.
Yet the IMF wants them to pursue the same policies that didn’t work over the last 50 years, so they can perpetuate their (negative) influence.

They try but somehow they failed to dictate Pakistan on what they like to happen.

IMF is just a controlling institution and well known for their harsh loans condition which they usually intervene the national decision of government and want to insert their own policies on those countries.

But Pakistan is smart to know what's better for them and for sure that they won't get bothered on the disturbance made by IMF.

For having 42,131 MW for sure that they can sustain their Bitcoin mining  https://www.energyupdate.com.pk/2024/06/12/pakistans-installed-electricity-capacity-reaches-42131mw/

Using that energy to transform wasted energy into digital wealth, is the best thing Pakistan can do for their own future.
IMF should know that, they probably do (they got the memo from Capitol Hill, probably), yet they don’t want countries to really succeed toward their financial sovereignty.