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In my original comment I said I favor carbon taxes (in addition to other measures to stop carbon emissions). But the comment I'm replying to seems to imply tha
by Me1000 6y ago
In my original comment I said I favor carbon taxes (in addition to other measures to stop carbon emissions).
But the comment I'm replying to seems to imply that it doesn't matter where the electricity comes from, that bitcoin is bad regardless of how the electricity is generated.
- paulgb 6y agoIf the externalities were properly accounted for, I wouldn’t have a problem with Bitcoin. It wouldn’t be my cup of tea, but neither are lots of things. It’s purely the externalities I care about. A global carbon tax would be great if it were enforceable but it’s not. Just look at how we treat our oceans. It’s especially a problem with Bitcoin since production will naturally shift to the cheapest location, and since it’s fungible and non-physical this can’t be accounted for with trade law/sanctions the same way it could with manufacturing.