With smart innovation-friendly policy, meeting our energy needs and environmental goals can go hand-in-hand. We shouldn’t fall for attempts to choke off emerging technologies’ electricity supply just because some industries happen to have gotten caught up in today’s politics. They should be given they space they need to mature. Industries like cryptocurrency and AI will naturally improve energy efficiency over time, given this is already a priority within these industries. Rather than pick winners and losers, policy makers should aim to provide reliable and affordable electricity to all law-abiding, bill-paying customers. For all that divides Americans lately, access to electricity remains thankfully uncontroversial. Basing power usage rights on political favorability puts us on a slippery slope. While activists’ fears aren’t entirely unfounded-there are real risks from AI that need to be considered and addressed-blanket restrictions on electricity use are the wrong approach. Just as banks are being coerced to restrict counter-parties for political reasons, power companies may soon face similar pressure with respect to their most energy-intensive customers. You can see a slight gap in the middle, but if you look closely, it also resembles a clear square dot. Grim’s crosshair features a light neon green color in the shape of a cross. Now with some questioning whether AI development should be curtailed, analogous pressure campaigns in the context of AI compute seem inevitable. That said, today I’ll be showing you the top crosshairs used by some of the best players in the world. Despite any evidence of illegality, these industries face pressure from politicians and activists seeking to change their behavior by cutting them off from mainstream financial institutions. Industries like firearms dealers, payday lenders, and fossil fuel companies have become targets. We've already seen officials target sectors they deem objectionable by pressuring the banks and payment networks that provide them with financial services. Think “ Operation Choke Point” for power usage. With climate change concerns prominent, restrictions on electricity usage are likely to gain momentum as a tactic employed by activists to oppose disfavored industries. These debates can quickly turn emotional. Unfortunately, just as with crypto mining, nuances get lost as the different factions square off in the public arena.
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