48: Bitcoin Miners Are Making Bank...But Not From Mining Crypto (w/ Jackie Sawicky)
Scam Economy27 Maalis 2023

48: Bitcoin Miners Are Making Bank...But Not From Mining Crypto (w/ Jackie Sawicky)

What happens when one of the biggest cryptocurrency mining companies in the world sets up shop in your small rural American town? Jacky Sawicky, founder of the Concerned Citizens for Navarro County and a member of the NCAC: National Coalition Against CryptoMining, joins Scam Economy with Matt Binder to tell us exactly what happened when Riot Platforms brought their Bitcoin mining operation to her Texas town. Jackie breaks down how it went occurred, the sweetheart backroom deals that went on between the mining company and local and state government, how the crypto mining company has affected the locals, the unbelievable way in which crypto mining companies make most of their money (and it's not from mining crypto), how this is a widespread problem happening throughout the U.S., what's being done about it, and much, much more. Visit: http://www.ScamEconomy.com Support the show: http://www.patreon.com/mattbinder Sources: https://www.riotplatforms.com/investors/sec-filings/annual-reports https://gizmodo.com/texas-bitcoin-bitcoin-mining-ercot-riot-blockchain-1849367067/amp https://blockworks.co/news/bitcoin-mining-execs-make-serious-bank-versus-other-industries https://beincrypto.com/riot-blockchain-rebrands-amid-miner-capitulations/ https://www.texasobserver.org/texas-is-becoming-a-bitcoin-mining-capital-can-the-grid-handle-it/ https://www.bloomberg.com/news/articles/2022-12-05/texas-s-crypto-mining-boom-is-starting-to-look-more-like-a-bust?leadSource=uverify%20wall https://www.popularmechanics.com/science/health/a42011194/crypto-mine-noise-murphy/

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22: Bon Voyager! Your Crypto Loan Cash is Gone (w/ Ed Zitron)

22: Bon Voyager! Your Crypto Loan Cash is Gone (w/ Ed Zitron)

Yet another crypto lender, Voyager Digital, has frozen its customers' funds, pausing withdrawals, and just filed for bankruptcy. But this time, it's even more looney than usual. Ed Zitron joins Matt B...

8 Heinä 202259min

21: Coinspiracy: How QAnon Influencers Conned Their Followers with Crypto (w/ Ernie Piper & Nick Backovic of Logically.ai)

21: Coinspiracy: How QAnon Influencers Conned Their Followers with Crypto (w/ Ernie Piper & Nick Backovic of Logically.ai)

Logically.ai UK editor Ernie Piper and Senior OSINT Analyst Nick Backovic join Matt Binder on Scam Economy to discuss the tech-based anti-misinformation firm's report on the QAnon influencers scamming...

1 Heinä 202258min

20: Damn, the Torpedoes: The Story of Celsius (w/ Mike Burgersburg/Dirty Bubble Media)

20: Damn, the Torpedoes: The Story of Celsius (w/ Mike Burgersburg/Dirty Bubble Media)

Mike Burgersburg of Dirty Bubble Media joins Matt Binder on Scam Economy to breakdown his reporting on the crypto lender Celsius, how they contributed to the crypto crash, why they've frozen all of th...

24 Kesä 20221h 4min

19: Crypto Jenga Tower Collapse: Celsius & the Crypto Time Bombs (w/ David Gerard & Amy Castor)

19: Crypto Jenga Tower Collapse: Celsius & the Crypto Time Bombs (w/ David Gerard & Amy Castor)

Crypto critics David Gerard & Amy Castor join Matt Binder on Scam Economy to talk about the "Jenga stack of interconnected time bombs" that is this week's cryptocurrency crash. David and Amy breakdown...

17 Kesä 20221h 9min

18: They Lost Everything: How the Terra Crypto Crash Ruined Lives Around the World (w/ Leo Schwartz)

18: They Lost Everything: How the Terra Crypto Crash Ruined Lives Around the World (w/ Leo Schwartz)

Leo Schwartz, reporter at Rest of World, joins Scam Economy with Matt Binder to discuss his recent piece interviewing people from around the world who had invested in the stablecoin Terra and lost eve...

10 Kesä 20221h 13min

17: Bitcoin Nazis, Ethereum Grifters: A Tale of Two Communities (Scam Economy LIVE in Brooklyn w/ Michael E. Hayden)

17: Bitcoin Nazis, Ethereum Grifters: A Tale of Two Communities (Scam Economy LIVE in Brooklyn w/ Michael E. Hayden)

Michael Edison Hayden of the Southern Poverty Law Center joined Matt Binder for a LIVE episode of Scam Economy as part of the Digital Void Festival: Brooklyn on May 26 at Littlefield's. Matt takes a l...

3 Kesä 202241min

16: How Wikipedia Cancelled Crypto (w/ Molly White)

16: How Wikipedia Cancelled Crypto (w/ Molly White)

Longtime Wikipedia editor and Web3 is Going Great creator Molly White joins Matt Binder on Scam Economy to discuss why Wikipedia stopped taking cryptocurrency donations, how the Wiki community came to...

20 Touko 202256min

15: Terra, Luna, & The Crypto Crash: Everything You Need to Know (w/ Bennett Tomlin of Crypto Critics' Corner)

15: Terra, Luna, & The Crypto Crash: Everything You Need to Know (w/ Bennett Tomlin of Crypto Critics' Corner)

EMERGENCY POD! The crypto market is in a free fall. What is happening?! Bennett Tomlin of Crypto Critics' Corner joins Scam Economy with Matt Binder to break down what stablecoin Terra (UST) is, why i...

12 Touko 202254min

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