Yep, this Hacker News post has the right of it. They're pushing for a "great slowdown" because the gains have been incremental for, uh, a while.
Like I'm not saying it's nothing, but it's nowhere near enough to get them to profitability, so they need an escape, and now. Or their valuation poofs.
What infuriates me is that enough people have bought into the myth that the scam might actually work? Suffice to say, I'm bumping this because we urgently need like, Everyone, to not buy into their stupid regulate-me-daddy trick. It's so stupid. This whole thing is so stupid. It shouldn't work. Agh.
Like EVEN IF the concern were genuine and this whole thing was earnest, it would still be a stupid idea! Because in that reality, China or pick-your-favored-contender goes "lol wow you guys just gave up huh" and pushes ahead.
Weird how that's what they said WAS the threat but now actually it isn't.