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Whatever the tax is, I hope it is on some kind of physical consumption of scarce resources, rather than on economic transactions that are inherently private and
by CryptoPunk 9y ago
Whatever the tax is, I hope it is on some kind of physical consumption of scarce resources, rather than on economic transactions that are inherently private and increasingly out of the bounds of any jurisdiction.
- TeMPOraL 9y agoYes. In my imagination, a widely deployed CO₂ tax would rise electricity prices just enough to wipe the profits off Bitcoin mining and make maintaining the blockchain that much less profitable for people, killing the currency outright. But then again, it might only delay the inevitable... (And to be clear - I don't mind innovations in finance, new kinds of money, new mechanisms of social consensus, etc. I only dislike systems with huge energy waste, especially one unsustainable in long-term, as such systems grow.)