42 sats \ 14 replies \ @kepford 13 Mar \ parent \ on: For Bitcoin Mines in Texas, the Honeymoon Is Over bitcoin
You might be interested in this interview btw
I simply hear too much politics, meaning Bullshit from all sides on all fronts. Texas really controls strongly while using words of freedom, as does Tennessee .With the injection of politics into EVERYTHING. Fact is we let legacy utilities and companis make profits without Improving infrastructure until we come to this point. But the deferred maintenance attitude is definitely a han, fiat one, so here we go again. Brink of wars with heavy propaganda from all sides and people more and more getting their info in silos.
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Let them make profits? What is this, Communism? Utilites should not have a gov protected monopoly. Texas is the most free in that regard but its not nearly free enough. Energy is to important for the state to be involved.
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If you let everyone take resources without investment, you get a mess they eventually tax you for one way or another. Just want and wait. You see it coming.
Most every super major fire in the last decade came from lack of investment in power lines and infrastructure. The dividends have been paid to shareholders. The damages will be covered by taxpayers.
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If you look at most of these "companies" they are highly regulated. In the case of PG&E in California they might as well be state run. I believe they are private in name only. They have price restrictions and many other things hampering them. But since they are private the public blames the company not the state regulators. The state grants them a monopoly. Of course they will suck.
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This is what I mean. Folks think it is either/or, when it is both/and. It is the propaganda that has finger pointing instead of solution seeking.
Look at what's happening with Boeing. It is the company AND the government, but the cash flow that warps the incentives comes from the companies, which influence the government.
Come on man!