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Somehow, I had never encountered this argument before. This makes great sense. It's not entirely clear how to put a price on carbon, though. And, bitcoin's c
by jMyles 9y ago
Somehow, I had never encountered this argument before. This makes great sense.
It's not entirely clear how to put a price on carbon, though. And, bitcoin's censorship-resistance (which of course I laud as an amazing and important innovation) might make it harder to force everyone to account for externalities.
Is someone doing serious research, writing, and thinking on the relationship between crypto-blockchain tech and the economics of environmental externalities?
- hndamien 9y agoIt isn't really crypto specific. It is energy producing utility economics. If we had a price on carbon it would effect this equilibrium everywhere. If you accept that we have to change, and sooner rather than later due to inevitability - see Elon's turd in a punchbowl reference, and you accept we aren't going to curtail the things that we find useful that cost us energy, then a price on carbon would bring this about much quicker than without it and is really the only sensible option. Compared with the status quo, burn more dirty fuel faster and cheaply to prevent the economics of green tech coming online, and then, hoping we can innovate our way out of the shitty punchbowl.