Is Texas a crypto welfare state? We often hear that the crypto mining industry is good for the economy and the energy business. In IO Radio #5 we reacted to a propaganda video claiming that Riot and other crypto miners were good for Texas, but what do local citizens think?
American Scream and I talk to Jackie Sawicky – founder of the Texas Coalition Against Crypto Mining – her organization has boots on the ground in Navarro county and is trying to educate people about the lies and misinformation being spread about mining facilities being built and operated in Texas.
What’s at stake when a mining operation moves next door? According to Jackie it’s much more than you think. Communities are being exploited and people’s lives are are put at risk while municipalities give away electricity to private corporations who sell it back to the public at a huge profit.
Listen to the shocking story of what’s happened to the small rural Texas communities who’ve had bitcoin mining come to their front door, and ask yourself if government should be in the business of subsidizing the crypto industry.