Texas is buzzing. Crypto, blockchain, digital assets – whatever you want to call it – it’s all percolating right here. To that end, the Texas Blockchain Council (TBC) has been central, advocating for favorable pro-crypto legislation and education. Will these progress improve the quality of life for you, the everyday Texan, or only enrich the bottom line of large multinationals?

Blockchain For All Texans, Not Few

We've seen this story before. Picture this—a new breakthrough technology comes along, one that could change the world as we know it. At the end of the day, the only early adopters will be the rich and well-connected. They get to enjoy the benefits, while the rest of us are all playing catch-up, trying to figure out what went wrong. Blockchain doesn't have to be that way.

The TBC loves to tout its mission of making Texas the global leader in Bitcoin. Great. But what about using blockchain to address actual, serious problems our communities are facing? What if we used it to enrich everyone’s lives and create a more equitable, fulfilling and just society.

These aren't just pipe dreams. They are indeed great possibilities, but they demand a deliberate choice to put communities before corporations.

  • Financial inclusion: Secure, transparent platforms for those excluded from traditional banking.
  • Supply chain transparency: Ensuring fair wages and ethical sourcing for goods produced in our communities.
  • Secure digital identities: Empowering individuals to control their personal data and participate fully in the digital economy.

Texas is known for its oil. A resource that has given great prosperity to a few, but created severe environmental impacts, and left countless communities in the dust. Can crypto be different? Or can it become a resource that can be tapped for the good of all Texans?

From Oil Fields to Digital Equity

Are we applying the new paradigm about resource extraction that leaves wealth flowing upwards to the top? Or, instead, are we finally building a different paradigm that advances shared prosperity. The answer to that question might be found in how we design the regulatory environment, but more importantly in how we invest in education and access.

The TBC’s educational initiatives are a good first step and must be focused like a laser beam on getting the word out to our underserved communities. We need to focus on building solutions with blockchain, not building problems.

The Texas Blockchain Summit is a chance for everyone from industry leaders to politicians to tech-minded folks. That’s great news, but who is still excluded from the discussion? As is the cheerful optimism of community leaders, educators, and regular Texans just trying to get their hands on a better future.

Replacing that guesswork with smart solutions shouldn’t be a question of hope or speculation. It should be the expectation. Let’s get behind these community-led efforts that are already using blockchain technology to tackle some of their biggest challenges. Let’s give Texans the tools they need to be creators and innovators—not just consumers of crypto products.

Beyond Bitcoin: Community-Led Innovation

This isn't just about being nice. Most importantly, it’s about understanding that the best place to make the most impact with our innovation money is in the varied perspectives and backgrounds of our communities.

The fate of blockchain in Texas all depends on what we do. In order to succeed, we need to continue to create a more inclusive and equitable ecosystem.

The energy-wasting implications for crypto mining are real and it deserves to be thought about, with an eye towards reducing harms. By bringing on Vega Energy Advisors, as well as others, the TBC is moving in the right direction. Going forward, let’s continue to call for more transparency and accountability! We require smart regulations that will both secure our national power grid and reward companies that utilize responsible, sustainable mining practices.

  • Supporting local blockchain startups: Investing in companies that are building solutions tailored to the needs of Texas communities.
  • Creating blockchain education programs: Providing accessible training and resources for individuals who want to learn about blockchain technology.
  • Partnering with community organizations: Working with existing organizations to integrate blockchain solutions into their programs and services.

Let’s ensure Texas’s new crypto boom really benefits all Texans, not just the chosen few. Together, let’s fight for a future where technology helps us all thrive! Together, we can reclaim opportunity and advance a more just and equitable society. The question is, are you with me?

It's about understanding that the future of blockchain in Texas depends on our ability to create a more inclusive and equitable ecosystem.

The energy consumption concerns surrounding crypto mining are legitimate, and we need to address them head-on. The TBC's partnership with Vega Energy Advisors is a positive step, but we need to push for even greater transparency and accountability. We need regulations that protect our power grid and incentivize sustainable mining practices.

Let's make sure that Texas's crypto boom benefits all Texans, not just a select few. It's time to demand a future where technology empowers communities, creates opportunities, and promotes a more just and equitable society. The question is, are you with me?