I would say no more or less evil than the states that opress their people anyway. You can steer the economy any which way but the richest will benefit. Covid? Banking crisis? (hyper) Inflation? For most people, it's between people losing jobs, losing homes, considering suicide, or keeping status quo.

PK can go do what it wants with Bitcoin mining, or not. It will not change the life of the guy in the street. Fixing their grids so people don't sleep on the roofs in summer, that can change the guy's life.

Pakistan wanted to build a power plant for Bitcoin mining with a loan from the IMF. I think there are two reasons behind the IMF rejecting this proposal.

Developed countries are economically independent, meaning they do not have to depend on other countries' money. On the other hand, developing or underdeveloped countries are economically dependent on other countries. Thinking about projects/major projects of these countries means borrowing money from other countries. And rich countries take advantage of this opportunity. When the IMF provides loan assistance to a country, it is very conditional. It does whatever is necessary to protect the interests of the United States. If these underdeveloped/developing countries ever become economically independent, they will not be under the control of other countries. On the other hand, Bitcoin is a future-proof crypto currency and it has no regulatory body. No country in the world can control it. This could be the first reason.

And the second reason is that I think Bitcoin is a volatile currency, so if they allocate money for Bitcoin-related projects, they may not get their allocated money back correctly and on time.

What we are looking out for now for Bitcoin is a break out and private electricity and alternative powers plants that are remotely generated by Bitcoin miners and consume by them the miners.


Imf will always kick against anything that will further increase the popularity for Bitcoin a d cryptocurrency, this is why their will always be kick back mechanism.

I have to be agreed with you partially but still many good things are happening in Pakistan which are not highlighted by media due to conspiracy, but one thing is surely they are depended on IMF, and they can't go against them in many cases.
This project has never been going to be realistic because of involvement of too much electricity because its already have corrupt system and worst structure which is not giving things on merit.
Pakistan can stand alone without IMF and also capable of having enough sources which can allow them to do bitcoin mining but this needed strong system and many other changes which are not possible in quick way the best thing is crypto is still illegal tender in Pakistan after announcement by State Bank of Pakistan.

This speaks of the bitcoin maximalist's mind which is not connected to reality heheheh. This might be caused by their very closed echo chamber where they only speak to people who will agree to them and rejecting any reasonable arguments if someone talks about bitcoin.

This is very headshaking behavior. The IMF will not become an irrelevance because they are the central banks of all central banks. There is a central bank in each country controlled by the most powerful bankers of their corresponding countries.

ImF has been severely accused by many countries of been a tool of economic stagnancy through their financial policies especially when it comes to giving out of loans one thing that I have learnt from most of these world bodies is that they don't really want the economic stability and freedom of any country, so any country that tries to pull out of the circle they try to  bully them with sanctions

The main issue with Pakistan is that they are heavily dependent on IMF loans because of bad economy. IMF dictate Pakistan in almost every field and it's very difficult for such a country to make a decision on Bitcoin (crypto) adoption. In March this year, Pakistan government formulated Pakistan crypto council to find a way towards crypto adoption and later CZ was made strategic advisor to the Pakistan Crypto Council (PCC) but now it looks difficult that Pakistan will be moving towards crypto adoption very soon. The government official towards end of March clearly said that crypto is still illegal in Pakistan after IMF pressure to clear government position on crypto.   

Addressing priorities is not something that many countries can be proud of, even those much richer than Pakistan. The floods raging in Texas these days show that even rich countries like the US do not allow their citizens to receive warnings in time, and that some areas cannot even receive warnings because they simply do not have a mobile signal. In addition, when a smart guy reduces the number of people who are involved in weather forecasting, then you have such tragic events.

On the other hand, both countries invest huge money in a bunch of weapons, which only shows that ordinary people are not a priority for them.

It appears that you also are not connected to the occurrences of reality. What is presently happening is very much far from how the cryptospace was when I have joined this community. On 2015, everything was about the takedown of banks and the disruption of the traditional financial system. However, the occurrences presently are big banks and investment firms similar to the Blackrock are entering the cryptospace, having slowly control on it and with venture capitalists' extraction games that are keeping us poor!