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Bhutan, after prioritizing happiness, now faces an existential crisis

(www.cbsnews.com)
271 points nradov | 1 comments | 18 Nov 24 13:53 UTC | HN request time: 0.2s | source
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itishappy ◴[18 Nov 24 14:34 UTC] No.42172594[source]▶
Bhutan is also quite energy rich due to hydroelectric power and have been dumping the excess into bitcoin.

> Bhutan is fifth among countries holding BTC, after the United States, China, the United Kingdom, and Ukraine.

https://finance.yahoo.com/news/bhutan-cashes-33-5b-bitcoin-0...

(Mistake in title, they've cashed out only $33 million, not billion.)

replies(1): >>42173352 #
seanmcdirmid ◴[18 Nov 24 15:37 UTC] No.42173352[source]▶
Maybe they could do something more productive with that surplus like host AI data centers? I know those are popping up out west in the US where green energy like wind is more plentiful.
replies(2): >>42173825 #>>42176009 #
1. ponty_rick ◴[18 Nov 24 16:16 UTC] No.42173825[source]▶
Data centers require an ecosystem of technology to exist - skilled manpower, fiber optic network, grid capacity etc, they're probably not up for it yet.