Comment by itsoktocry
2 years ago
>The Electric Reliability Council of Texas (ERCOT) paid a bitcoin miner $31.7 million in energy credits
Politicians are utterly useless. They all herded to the crypto grift frenzy as if this was going to do anything for the local economy. Wonder how it's turning out? The 2021 fad has subsided, now they are paying customers to mine coins? Beyond stupid.
> Politicians are utterly useless.
Step 1: get in power. Step 2: make government smaller by dismantling systems made to protect the public. Step 3: grift. Step 4: "See, governments are all grifters! Never vote for people who ask for bigger governments." Step 5: goto step 1
Did they all get in on the crypto grift frenzy? I know in Canada there's a certain political slant (up to and including the leader of our official opposition who spoke highly of bitcoin) that seemed more enamored with it than the rest.
The payment was to not mine coins and thus conserve electricity to more important consumers during times of shortages