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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7: The Crypto Grift Descends on Ukraine

7: The Crypto Grift Descends on Ukraine

Scam Economy host Matt Binder breaks down how grifting cryptocurrency founders, entrepreneurs, investors, and hustlers are trying to pump their money making schemes for a profit and generate good PR f...

18 Maalis 202251min

The Depravity of Randi Zuckerberg's Web3 Song (Scam Economy Post Show Teaser Clip)

The Depravity of Randi Zuckerberg's Web3 Song (Scam Economy Post Show Teaser Clip)

A freebie teaser clip from the Scam Economy Post Show Episode #6 livestream on 3/10/22: Matt gives some quick thoughts on Web3 "Pay to Earn" games after his talk with Molly White. Plus a breakdown of ...

15 Maalis 202219min

6: Web3 Sucks (w/ Molly White)

6: Web3 Sucks (w/ Molly White)

Molly White, software engineer, Wikipedia editor, and the creator of the website "Web3 is going just great," joins host Matt Binder on Scam Economy to discuss...well...Web3! Molly breaks down what Web...

11 Maalis 20221h 3min

5: NFTs Get Physical, Real Estate Gets Digital, It's All Despicable (w/ Wilfred Chan)

5: NFTs Get Physical, Real Estate Gets Digital, It's All Despicable (w/ Wilfred Chan)

Writer Wilfred Chan joins Matt Binder on Scam Economy to discuss his experience using an NFT vending machine, how he got scammed by it, online real estate in the metaverse, and how the gig economy gav...

4 Maalis 202245min

4: Crypto Super Bowl Ads Weren't Like the Dot Com Bubble (It's Much Worse.)

4: Crypto Super Bowl Ads Weren't Like the Dot Com Bubble (It's Much Worse.)

Scam Economy host Matt Binder breaks down the "Crypto Bowl," the slew of cryptocurrency ads that ran during the Super Bowl. Why was there so many? Who were they targeting? Is this reminiscent of the 2...

18 Helmi 202235min

3: Razzlekhan & The Great Bitfinex Heist (w/ Jack Morse)

3: Razzlekhan & The Great Bitfinex Heist (w/ Jack Morse)

It's not everyday that an eccentric NYC couple in their 30s get caught stealing billions of dollars. Jack Morse, senior tech reporter at Mashable, joins Matt Binder on the latest episode of Scam Econo...

11 Helmi 202245min

Scam Economy Post Show: Episode #2 (Teaser Clip!)

Scam Economy Post Show: Episode #2 (Teaser Clip!)

A freebie teaser clip from the Scam Economy post show for episode #2 featuring a live call-in from a crypto fan. (Livestreamed immediately following the YouTube premiere of Scam Economy episode #2 on ...

10 Helmi 202226min

2: Cryptocurrency is a Ponzi (w/ Sohale Mortazavi)

2: Cryptocurrency is a Ponzi (w/ Sohale Mortazavi)

Check out Sohale Mortazavi's piece in Jacobin here: https://jacobinmag.com/2022/01/cryptocurrency-scam-blockchain-bitcoin-economy-decentralization

4 Helmi 202255min

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