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> Therefore, I would propose to shut them all down. How?
by snissn 7y ago
> Therefore, I would propose to shut them all down.
How?
- louwrentius 7y agoBy asking friendly ;) I know it won't happen. But it would be for the best.
- lukifer 7y agoI'm pro-crypto; but Proof-of-Work mining is an ecological atrocity. If it's infeasible to outright ban mining at scale, a sufficiently onerous carbon tax to disincentivize might be enough. In either case, miners would recoup their losses by selling ASICs, certainly to those in countries with no such restrictions, and the mining would continue. Maybe a government buyback program, similar to what countries have done with guns; but it seems difficult to summon that much political will. We've created a monster.
- montenague 7y agoTake a look at what Compute North is doing - reframe what an energy producer is. Electric power plants will have the market cornered on computation cost, they will be the miners using surplus load, fluctuating with the market and generating tokenised wealth at the point of generation. Tokens created at the point of value generation - not abstracted to a few interest rates and financial levers.