I saw some clickbait headline today about “Ted Cruz thinks Bitcoin can save the Texas power grid”, so I did some digging. What I did find was https://arstechnica.com/tech-policy/2021/10/ted-cruz-says-bitcoin-will-stabilize-texas-electric-grid-heres-why-hes-wrong/
As much as I might like to bash Ted Cruz, he’s not entirely wrong. However what is definitely ‘magical thinking’ in the critique of Ted Cruz’s bitcoin fantasy is the idea that more laws, compliance, and regulations will somehow bring an investor owned utility grid to heel to serve the people, rather than the investors. The only thing it will bring is more campaign contributions from utility companies to shut down any talk of other options, like maybe a municipal utility. If you have any questions about this, may I refer you to how Minneapolis Energy Options went down https://mayortroy.wordpress.com/2013/07/31/engineerfarmer-runs-for-mayor-seeks-class-action-law-firm-to-represent-ratepayers-of-minneapolis/
In the meantime, enjoy the Farmer’s climate policy video while I finish cleaning some soybeans…
Mayor Troy 