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It's not a nitpick, he's referring to Pigovian Taxes. https://en.wikipedia.org/wiki/Pigovian_tax https://en.wikipedia.org/wiki/Pigovian_tax It's obvious that
by lordnacho 6y ago
It's not a nitpick, he's referring to Pigovian Taxes.
https://en.wikipedia.org/wiki/Pigovian_tax https://en.wikipedia.org/wiki/Pigovian_tax
It's obvious that you can tax anything by some amount to eat up the value.
He means if you tax it according to the amount of unaccounted-by-the-market negative value, it comes out negative.
- rybosworld 6y agoRight, that's fair to say. But the economist in OP is essentially ignoring where bitcoin actually get's it's value from and only focusing on it's electrical consumption. Bitcoin means different things to different people. But many see it as the single best hedge against modern monetary policy.