I want to ban as few things as possible. It limits liberty, and gives more power to the government.
Discussion
How can the free market solve this?
Price money appropriately and these large corporations can’t allocate capital to achieve economies of scale afforded by industrial processes.
How will #Bitcoin make butter cheaper than seed oils?
How will #Bitcoin make food dye cheaper than chemical dyes?
With interest rates 20%+ it makes the entire supply chain more expensive to manage. Then private actors can’t achieve a profit shipping industrial-scaled, seed oil-based food to Selma, Alabama. And so local options (not seed oil based … admittedly few at first … ) will emerge to meet the local demand.
The cost of capital these mega industrial processes (energy, food, internet, etc.) are all discounting their cashflows using a federal funds rate of 5% + their cap stack betas.
When bitcoin sets the risk free rate at 20%+ they can’t afford to operate and maintain the capacity they have built out. None of these major corporations can.