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)

CES 2023: The Good, The Bad, The Dystopian Tech (w/ Eoin Higgins) (Scam Economy BONUS episode)

CES 2023: The Good, The Bad, The Dystopian Tech (w/ Eoin Higgins) (Scam Economy BONUS episode)

Scam Economy BONUS CES 2023 Special Edition episode: Eoin Higgins, reporter with Morning Brew, joins Matt Binder on a special DOOMED / Scam Economy combo episode to discuss what they saw at CES 2023. ...

24 Jan 202353min

43: The Weirdest Frauds, Grifts, & Rug Pulls of Crypto's Hellish 2022 (w/ Molly White)

43: The Weirdest Frauds, Grifts, & Rug Pulls of Crypto's Hellish 2022 (w/ Molly White)

Molly White of Web3 is Going Great joins Matt Binder on Scam Economy to discuss the (best? weirdest? most interesting?) worst of crypto / blockchain / Web3 in the year 2022. We break down the failed c...

18 Jan 202355min

42: From Sam Bankman-Fried to Sam Bankman-Jailed: The FTX Saga Continues (w/ Molly White)

42: From Sam Bankman-Fried to Sam Bankman-Jailed: The FTX Saga Continues (w/ Molly White)

Molly White, creator of Web3 is Going Great, joins Scam Economy with Matt Binder to discuss a week jam-packed with FTX and SBF news. Molly discusses the Twitter Spaces chat she was in where she grille...

22 Dec 20221h 11min

41: So Many Hacks! The Myth of Blockchain Security (w/ Domingo Flores)

41: So Many Hacks! The Myth of Blockchain Security (w/ Domingo Flores)

If the blockchain is so secure...why are there so many crypto hacks? Infosec expert Domingo Flores joins Scam Economy with Matt Binder to dispel the myth of blockchain security. Domingo brings us back...

12 Dec 20221h 19min

40: BlockFi BankruptcyFi: A Bizarre FTX "Bailout" Story (w/ Nikhilesh De of CoinDesk)

40: BlockFi BankruptcyFi: A Bizarre FTX "Bailout" Story (w/ Nikhilesh De of CoinDesk)

Nikhilesh De of CoinDesk joins Scam Economy with Matt Binder to break down the fall of another crypto lending company, BlockFi. This one has a twist though. BlockFi was actually bailed out by Sam Bank...

5 Dec 20221h 7min

39: FTX Conspiracies About Ukraine & Democrats Don't Add Up (w/ Sergey Vasylchuk)

39: FTX Conspiracies About Ukraine & Democrats Don't Add Up (w/ Sergey Vasylchuk)

Sergey Vasylchuk of Aid For Ukraine and CEO of Ukrainian crypto company Everstake joins Scam Economy with Matt Binder to explain why the conspiracy theories being spread by right wing media outlets an...

21 Nov 20221h 3min

38: Scam Bankrupt-Fraud: The Death of FTX (w/ Ed Zitron)

38: Scam Bankrupt-Fraud: The Death of FTX (w/ Ed Zitron)

Ed Zitron joins Scam Economy with Matt Binder to discuss one of the craziest weeks in crypto. FTX goes bankrupt, billions gone, hundreds of millions possibly hacked and/or stolen. Matt and Ed discuss ...

14 Nov 20222h 3min

37: Sam Bankman-Fried is Known as Crypto's Bailout King. Is His Own Empire Broke? (w/ Mike Burgersburg)

37: Sam Bankman-Fried is Known as Crypto's Bailout King. Is His Own Empire Broke? (w/ Mike Burgersburg)

Mike Burgersburg of Dirty Bubble Media joins Scam Economy to talk Sam Bankman-Fried aka SBF, founder of the crypto exchange FTX and the crypto hedge fund Alameda Research. Burgersburg explains to host...

7 Nov 20221h

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