From May: While #Bitcoin is designed as a decentralized payment system that bypasses banks and credit cards, its consumption of Texans’ true wealth—the state’s natural resources—is centralized in the hands of a few companies, sucking up massive amounts of #water and #energy to keep hardware running 24/7. https://www.texasobserver.org/the-crypto-racket/

#economy #crypto #OilAndGas #environment #ClimateChange #tech #Texas #news