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

Avsnitt(67)

59: The Golden Age of Grift

59: The Golden Age of Grift

Scam Economy is back! And just in time for The Golden Age of Grift. Host Matt Binder breaks down how the cryptocurrency industry bought the 2024 elections, how Trump's win has ushered in a golden age ...

7 Feb 202555min

58: Her: OpenAI v. Scarlett Johansson

58: Her: OpenAI v. Scarlett Johansson

Scam Economy host Matt Binder breaks down the latest OpenAI scandal: an AI Voice Assistant that its CEO Sam Altman not so subtly tweeted "Her" about, resulting in a cease and desist from actress Scarl...

30 Maj 202450min

57: Crypto Number Goes Up + The AI Hype Bubble (w/ Ed Zitron of Better Offline)

57: Crypto Number Goes Up + The AI Hype Bubble (w/ Ed Zitron of Better Offline)

Ed Zitron of the new podcast Better Offline joins Scam Economy with Matt Binder to discuss Bitcoin and other cryptocurrencies getting some a new life and pumping in recent weeks, what's going on with ...

7 Mars 20241h 28min

56: How MrBeast Inadvertently Revealed X / Twitter Monetization is Rigged

56: How MrBeast Inadvertently Revealed X / Twitter Monetization is Rigged

MrBeast made a quarter of a million dollars by uploading a video to Elon Musk's X and in doing so revealed just how rigged the monetization system is. Scam Economy host Matt Binder walks through all t...

5 Feb 202454min

55: Sam Bankman-Fried Guilty!: The FTX Fraud Trial (w/ Molly White)

55: Sam Bankman-Fried Guilty!: The FTX Fraud Trial (w/ Molly White)

Molly White of Web3 is Going Great joins Scam Economy with Matt Binder to discuss the Sam Bankman-Fried trial. Molly brings us her first hand account from the days she spent at the court about the FTX...

8 Nov 20231h 33min

54: The Tech Hype Bubble: VR Edition (w/ Paris Marx)

54: The Tech Hype Bubble: VR Edition (w/ Paris Marx)

Paris Marx of the Tech Won't Save Us podcast joins Scam Economy with Matt Binder to discuss one of the current big tech industry hype bubbles: VR or Virtual Reality. We break down Apple's entry into t...

31 Juli 20231h 24min

53: Meta Launches Threads by Instagram as Elon Musk Wrecks Twitter

53: Meta Launches Threads by Instagram as Elon Musk Wrecks Twitter

The battle between Elon Musk and Mark Zuckerberg officially began on Wednesday, July 5th as Meta launched Threads by Instagram, it's Twitter competitor app. On this DOOMED and Scam Economy livestream ...

7 Juli 20231h 2min

52: Unregistered Securities: SEC Sues Coinbase & Binance...Is This the End of Crypto in the U.S.? (w/ Molly White)

52: Unregistered Securities: SEC Sues Coinbase & Binance...Is This the End of Crypto in the U.S.? (w/ Molly White)

Molly White, the creator of Web3 is Going Great, joins Scam Economy with Matt Binder to discuss the SEC's lawsuits against Coinbase and Binance for selling unregistered securities. Molly and Matt brea...

13 Juni 20231h 10min

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