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> On point (1), New York recently tried to ban Bitcoin mining, and it failed with a combination of lobbying by the industry and the electrical unions. Support f
by alexanderdmitri 5y ago
> On point (1), New York recently tried to ban Bitcoin mining, and it failed with a combination of lobbying by the industry and the electrical unions. Support for it with politicians collapsed. This is literally the democratic process, so if it didn’t go your way, you should support it. If alternatively you want a dictator (yourself or others) to ban it because of your perceived notion of what is a “good” use of electricity, I don’t know what to tell you. Move to China?
Personally I think the proposal you're describing is ridiculous and wouldn't do much in terms of affecting climate change, but I'm confused why you hold this up as an example of democracy working.
What is literally democratic about elected officials backing down from a proposal they introduced because of pressure by affected industries?
- seibelj 5y agoDemocracy is based on interest groups. They form around issues and pressure politicians in an organized way. Interest groups could be unions, business groups, social justice groups, or broad demographic groups that are not organized but potentially respond to messaging. The interest groups that support Bitcoin mining have leverage with politicians because they represent a certain number of voters, political advertising and advocacy muscle, and donations to parties and candidates. This is how democracy works in every country on earth.
- alexanderdmitri 5y agoDemocracy is rule by the population or officials the population elects. The existence of interest groups is independent of democracy. They form in pretty much every political system on the planet, not just democratic ones.
- seibelj 5y agoThe point I was making is in regards to people who want bitcoin mining banned - it was attempted in NY and the elected politicians folded under pressure. That is the democratic process.
- deleted 5y ago[deleted]