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So, that’s a yes, then? Coming from Bitcoin, the harbinger of free marketry, her proponents calling for additional taxes to be levied upon energy to help unfree
by jsmthrowaway 9y ago
So, that’s a yes, then? Coming from Bitcoin, the harbinger of free marketry, her proponents calling for additional taxes to be levied upon energy to help unfree a market is a bit odd.
“We made this thing which consumes about as much energy as Serbia on an international scale, and is very likely in the running for the most expensive computation on the planet. It’s designed incredibly inefficiently to brute force through SHA2 in 30MW+ space heaters around the world because we believe centralization is Evil, but now that what it makes is valuable, we can deflect criticism of its energy consumption to the pricing of the electricity markets. Raise the price of energy to stop us. What’s that? A lot of people already can’t afford electricity?”
It’s OK to admit Bitcoin is inefficient.
- crazygringo 9y agoYou're setting up a complete straw man. Believing in benefits of an international, decentralized currency in no way implies you're against taxation or higher taxes. Free markets don't exist in a vacuum. Taxes pay for all the institutions that enable free markets -- including but not limited to law, enforcement of contracts, and especially (hopefully) the proper accounting of externalities.