Invest money in crypto, not the stock market. This guy has a sickening vision of the future. Wallets that are subject to approval based on whether previous transactions have been approved by the government and bankers? Pathetic. The same old control system.
Combined with the industrial cannabis grow operations, if Canada is to become the crypto mining capital of the world, as Reitzek suggests, then the people of Canada should prepare for parabolic increases in energy costs .
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I very much agree. Bank-based crypto wallets are absurdities that miss the whole point of an anonymous, decentralized, permission-less ledger.
Regarding increases in energy costs, this could be avoided. Canada actually has a large surplus of electricity, selling a lot to the US. BC is also moving forward with a new hydroelectric dam project, etc.
You may be right, but there are many moving pieces affecting energy prices, of which industrial grow-ops are but one. Keep in mind that sunlight is free! Plants do not need lamp-light all the time, and many people are and will be growing outside on their own property (regulations be damned).