I worry about the level of manual approvals/chokepoints that increasingly exist in anglo societies.
Luckily crypto isn’t very useful (especially in US/Canada), but I worry about what happens when a useful industry becomes politically unpopular.
Luckily crypto isn’t very useful (especially in US/Canada), but I worry about what happens when a useful industry becomes politically unpopular.
They have bigger problem that is opposite. Lobbing. Like when proposal for golf resort in natural protected area was vetoed by committee in Aberdeenshire. But then after lobbing, decision was reversed by local government. Argued that it would create 6000 jobs. Result? There are no 6000 jobs and protected are is lost.
That really isn't a gotcha: everybody's got problems. Another cool thing about Canada is that we're allowed to talk about the problems that do exist.
It isn't feasible to just have a permissive attitude about that level of power consumption as it requires decades of prior planning.
It sounds like the problem is that electricity is being priced below cost.
In a society driven by supply and demand capitalism, I can't fathom this scenario. Even popular stuff we currently prohibit, drugs, prostitution, gambling have thrived.
Black markets exist but that doesn't mean they function as well or efficiently as normal markets.