El Savador doesn't hash only to monetize their power, they recognize that engaging in hashing is the only way to ensure permissionless access to the network. El Salvador guarantees their transactions cannot be censored in this way. So many Bitcoiners have lost sight of this fact, effectively trusting other people not to censor them. The people will wake up eventually and become one of the most dominant hash powers on the planet specifically to ensure their transactions aren't censored.

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Dad Guy's avatar
Dad Guy 1 year ago
definitely agree with the idea of not wanting their transactions censored, but that is the case whether El Salvador mines or not. the only befit to them mining is if they have access to cheap power that can provide them more Bitcoin than if they were to buy it directly (accounting for other intermediaries, convince/complexity, etc.). in that aspect, it's just like business. or at the least, very analogous.