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Tom Masiero, Great American Mining Company, explains why a group of billionaires and wealthy business owners are starting to preserve and stash Bitcoin away in secure underground bunkers.
He explains how Bitcoin is evolving both contractual obligations as well as speed of payments. Masiero also gives an update on their Bitcoin Mining project near Tioga, ND, in the Bakken shale play.
Masiero is mining Bitcoin as a way to reduce flaring and generate non-traditional revenue for the oil and gas companies.
The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.
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