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These regulated markets are a scam. Eventually, you will only be able to pay for energy with cryptocurrency, likely Bitcoin, using peer to peer market places.
by randomhodler84 4y ago
These regulated markets are a scam. Eventually, you will only be able to pay for energy with cryptocurrency, likely Bitcoin, using peer to peer market places.
These markets will be unsuspendable/unstoppable and lots of people will get rekt while seeking yield through leverage.
- gtvwill 4y agoLol not if we re-nationalise the assets first! What's failed here is putting base infrastructure in the hands of capitalism. Remember kids, shareholder profit + cost will never be equal to or less than cost itself. Anyone trying to sell you the idea capitalism and a free market will do it better is just blatantly lying.
- idiotsecant 4y agoCapitalism collared by well-reasoned regulation is an extremely powerful combination, but that's not what we have. Utility markets have a built-in safety net for the parties involved that dampens the good parts of capitalism (efficient, innovative services at the lowest possible cost) tremendously. I have a lot of experience in the public & private (really pseudo-public) utility world and a lot of experience out in private industry it's a huge difference.