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Ted Cruz, Greg Abbott, and the Magical Thinking About Bitcoin’s Ability to Fix Texas’ Grid

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This week, Texas Gov. Greg Abbott said he will make Texas the number one state for bitcoin. What’s more, he espoused the wonders of crypto mining as a way to prop up the state’s flailing electrical grid, a view Cancun-loving Sen. Ted Cruz also shared at a bitcoin mining conference last week. It’s a seductive story:…

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Source: gizmodo.com