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Comment Power should be subsidized (Score 1) 87

If these companies are insisting on these sorts of crazy rollouts, we should start looking at only charging residential customers a de minimus fee and letting corporations subsidize power for these communities. We're supposed to reap the benefits of new technology in the market. If companies are just going to eat up any new capacity, then they should be paying for ALL of the infrastructure.

Comment Re:Detroit Prices (Score 1) 41

"they were selling houses for $1"

That's essentially a zombie fact. While Detroit housing prices are still modest, it's one of the hottest markets in the country for how fast prices are rising. As someone else pointed out, those weren't houses being sold for $1. Those were essentially lots with lots of housing remnants that needed to be torn down and removed, and often had back tax burdens that must be handled by the buyer. The cost of tearing down and cleaning up + the back taxes were often greater than the (poor) land value, so the properties got sold for $1.

Comment Re: Stores (Score 1) 227

Bitcoin is losing its volatility, and Lightning Network (built on Bitcoin) is far more environmentally friendly and very fast.

LN is a very good fit for Steam since it's most efficient when you have a long term business relationship with the other party.

E.g., right now Bitcoin fees are around $1.50 per transaction. LN requires two transactions to setup and close out a relationship, so about $3 of electricity used. And depending on how much you put into the channel when you set it up, this could be used for hundreds of sales, and if so, you're really only expending $0.03 electricity per sale.

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