Comment by qbxk
2 years ago
by setting a floor on the price, and minimum for demand, they guarantee predictable revenues to those seeking to invest in or expand their power generating capabilities
2 years ago
by setting a floor on the price, and minimum for demand, they guarantee predictable revenues to those seeking to invest in or expand their power generating capabilities
it seems to me that "those seeking to invest in or expand their power generating capabilities" falls into the category of "power companies".
Perhaps you mean to include also individuals with solar panels on their roof or whatever but thats a vanishingly small portion of both companies and individuals.
yes, that's right, i should have added the conclusion: by increasing supply, price goes down, that's how consumers benefit.
But they are increasing demand, not supply. You are theorizing that somewhere someone will build more supply because the increased demand is increasing the price to consumers, which is not what I would call a consumer benefit while they wait for that someone to get their giant power plant built to offset the completely useless bitcoin mining.