Why is IMF thinking nothing good can come out of bitcoin? They only believe in their monetary system. Pakistan is planning to allocate 2000 megawatts of electricity for bitcoin mining but I saw IMF move against it now.
https://cointelegraph.com/news/imf-concern-pakistan-bitcoin-mining-power-planAlthough I think 2000 megawatts may be too much but why is IMF like to be a bitcoin critic? I think if it something related to their fiat, they may not say anything.
What is your opinion about this?
Before you post, know that 2000 megawatts can power some small nations.
IMF is becoming the headache for Pakistan. Because when they see any country start its progression toward successful development, and in case the same country has taken a loan from the IMF, they start to regulate the country's successful progression out of nowhere. Besides this, I believe that as a resident of Pakistan, if Pakistan gets great success in its new project of mining bitcoin and bitcoin
reservesthenreservation, then Pakistan will be able to pay its loan back to the IMF, and I know the IMF doesn't want that; they want Pakistan should not be able to pay our loan back so that we can easily regulate the country out of nowhere.
Other than this, one friend of mine from the Pakistani community told me about two days ago that the IMF wants Pakistan to allow casinos and pubs to run legally in the country, and according to our religious condition, these things are not allowed. So, I believe that this is a violation of rights for such a country.