Gov. Greg Abbott Wants More Bitcoin Industry in Texas. Experts Fear It Could Hurt the Grid.

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Gov. Greg Abbott is welcoming cryptocurrency to Texas, but some experts fear that the business could strain the power grid.

The Texas Blockchain Council is a Bitcoin mining business lobbying group, but if you’re like us, the very definition of “blockchain” is a bit fuzzy. Crypto website ZebPay describes it as a type of technology that stores various kinds of information, includingMany on the cutting edge of digital currency are thrilled by Abbott’s efforts to incentivize the blockchain industry.

Not everyone sees it that way. Ben Hertz-Shargel, who works for Wood Mackenzie, which provides commercial intelligence for the natural resources sector, told the same outlet that even though Bitcoin could potentially double demand growth, it’s not necessarily a good thing.

 

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Abbott being pro-ponzi-scheme is no surprise.

'Experts fear....' should be retired after the last 2 years

oh good god that's all we need

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