I'm after a really shitty night and waiting for a doctor in hospital. Sorry for a rather weird tone of the whole post, but I would rather send it as-is and discuss later over rephrasing my response constantly and likely forget to send yet another draft

There were a couple assumptions in your theory. The most important one is that people have to be willing to get the treatment. That's the worrisome part.

I get that. But there are also assumptions in your theory: that somehow today you can be forced to undergo something like that. We live in a world where suffering of insects and other invertebrates makes people scratch their and ask questions like "maybe we are going too far with experimentation". Pain in invertebrates is an recognized and researched issue that needs urgent addressing.

Perhaps I'm just that naïve, but it seems like medical and scientific community itself would stop such misuse. Back then homosexuality was recognized as illness that goes against what it means to be a human being. Now we are in a culture where people thrown in jail for violent crimes get almost a hug-therapy treatment… as long as it does not offend their sensibilities or breach their personal space.

Again, I don't want make you feel that I'm dismissing you or the problem. But I do recognize that despite what I see on TV, people are largely decent. It's hard during tragedies like ones that happened recently, but it is important to remember about it.

That also does not mean that there is no way to get financial gain out of it. Classifying it as a non-refundable voluntary treatment that allows profit instead of correctional state-mandated action is more likely than any level of dystopia ;). There is no monetary gain in 'correcting' homosexuals, there is a massive profit potential in offering weight-loss treatment that requires as little as one undetectable jolt. You can't spin it for profit if technique has a bad reputation. People are decent, but that largely means they are going to choose profit over arbitrary evil on average.