Of course! I hope you didn't read my comment as hostile. I read yours as sort of a devil's advocate type of argument and was just trying to point out the logical flaws in it. I'm glad that you didn't hesitate to voice a contrary opinion. The points that you raise are interesting... and it's always good to consider both sides of the argument, even because it just helps us hone our own arguments. You could certainly argue that this is just another enforcement mechanism. It's just that it comes with a lot of unintended consequences, which most people will overlook, and they'll inevitably be used in ways that we didn't anticipate, long after the fact that these kinds of mechanisms become commonplace.

Regarding the reduced cost of lending: sure, in theory they could lower the prices. In practicality, will it? Any time we see cost-reducing developments, it usually ends up resulting in higher profits for the vendors moreso than better competition and lower prices for consumers. Look at how car manufacturers are just letting electric vehicles sit in their lots because they refuse to accept what buyers are willing to pay. The corporate types really, really hate to lower prices on anything for any reason. So I would be surprised to see something like that happen, even though it's still theoretically possible....