The Navajo and the US have a complicated, one-sided history.
In 1868, the Navajo agreed to live under US rule. The results speak for themselves 👇
-48% average unemployment
-30% live without basic utilities
- 30% live below the poverty line
In 1868, the Navajo agreed to live under US rule. The results speak for themselves 👇
-48% average unemployment
-30% live without basic utilities
- 30% live below the poverty line
But the Navajo are a resilient people who've claimed the the desert Southwest as home since time immemorial. They are no strangers to financial abuse (Wells Fargo 2019), resource exploitation (uranium) or dead ends (coal plant layoffs).
That's where #Bitcoin comes in.
That's where #Bitcoin comes in.
In 2017, the Navajo began mining Bitcoin with the help of a Canadian firm. This year the mine doubled in size and now hosts some 3,000 machines. It's also hiring local Navajo to run the facility.
Not only that, the mine uses renewable energy from the abundant Navajo sun. Nearby cities used to take Navajo energy (coal) off the reservation.
But the Bitcoin mine uses Navajo energy on Navajo land for Navajo employment.
But the Bitcoin mine uses Navajo energy on Navajo land for Navajo employment.
Bitcoin adoption remains small in Navajo Nation. But the mine is a physical reminder of alternatives to the US dollar and government money monopoly that has haunted the Nation for decades.
Everyone can mine #Bitcoin
Everyone can mine #Bitcoin
Join us this afternoon to talk with the Navajo running the mine ⛏️ @compass_mining @BitcoinMagazine
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