Not really—it dodges the big one: How does Bitcoin buy back oil fields from corporations or governments? Band Council resolutions hold weight locally, but good luck enforcing that against Big Oil in court. Sounds more like wishful thinking than a solid plan. Spill the details?
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How is an Iron Clad contract, "wishful thinking"? CREEnergy already has the control of multiple oil fields just needing money to put them back online. That is where bitcoin comes in. Some oil drilling companies will accept BTC to drill for oil.