"Yesterday I had a wonderful dream –
Moscow burned down completely.
Fire in the square on Red Square,
And the former Electoral Commission smolders."
Group Leningrad - Moscow, who do your bells call?
While next door they were shouting about the 'energy superpower', their largest mining giant BitRiver sank. The irony is that it was not sanctions that 'killed' it, but their own. A lawsuit from En+, debts, arrests — a classic plot where greed defeats logic.
What is important for us to understand here:
Decentralization is not just a word. The collapse of BitRiver showed: when you build a business in a totalitarian system, your equipment belongs to you only as long as no one 'from above' lays eyes on it. For us, this is further confirmation — keep your assets away from murky jurisdictions.
Hashrate 'with a stench'. It's funny to see how the 'largest data center' collapses due to a debt of... $9 million 🤦 How is that even possible? 🤷 While they are looking for culprits and running from courts, the global network $BTC will simply digest this hashrate and won't even notice.
My conclusion: As we say, 'don't dig a pit for someone else'. They tried to use crypto to bypass sanctions and 'gray' schemes, and in the end, they buried the largest player. For us, this is a good sign — the market is cleansing itself of toxic influence.
P.S. If the beast is sick, it won't last long. BitRiver was sick from the start — lacking freedom and transparency.
