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As you noted, this is just your opinion - are we going to have a person or group that decides what forms of Co2 usage are most "worthy", and adjust taxes accord

by xur17 6y ago

As you noted, this is just your opinion - are we going to have a person or group that decides what forms of Co2 usage are most "worthy", and adjust taxes accordingly? And let's say we do go down that path - one could certainly make the argument that Bitcoin usage from folks fleeing oppressive regimes are much more worthy than Co2 used to search for aliens or participating in far out HPC research.

whimsicalism 6y ago
Incentivizing stupid things (like taking on mortgage debt or over-coverage by employer health plan) is already the status quo of the tax code. > Bitcoin usage from folks fleeing oppressive regimes Have bitcoin people (I don't know what else to call the people who want to talk about it all the time) actually convinced themselves that this is a substantial share of bitcoin usage?
- imtringued 6y ago
  >Have bitcoin people (I don't know what else to call the people who want to talk about it all the time) actually convinced themselves that this is a substantial share of bitcoin usage? It's not because this is literally Monero's value proposition. Why would anyone who wants to flee an oppressive regime publicly announce to their government that they bought Bitcoin in the oppressed country and sold it in a less oppressive country? Information about Monero (don't dare to even think of buying it for speculation) https://www.monero.how/how-does-monero-work-details-in-plain-english https://www.monero.how/how-does-monero-work-details-in-plain...
  - whimsicalism 6y ago
    How do I cash out monero?
  - noobly 6y ago
    >don't dare to even think of buying it for speculation why not?
sega_sai 6y ago
I think, yes, somebody should adjust taxes accordingly. The status quo with existing costs and taxes already effectively establishes some preferences for industries/goals, just implicitely. I think trying to explicitely express those preferences is better. (and it will never be 100% optimal that's for sure)
imtringued 6y ago
This is a terrible argument because the transaction fees on Bitcoin are high enough that anyone who wants to flee an oppressive regime would just buy any other cryptocurrency that isn't suffering from power consumption problems.
- xur17 6y ago
  Fees are $3 if you are willing to wait 12 hours, otherwise $5 for 30 minutes.

by xur17 6y ago

whimsicalism 6y ago

Incentivizing stupid things (like taking on mortgage debt or over-coverage by employer health plan) is already the status quo of the tax code. > Bitcoin usage from folks fleeing oppressive regimes Have bitcoin people (I don't know what else to call the people who want to talk about it all the time) actually convinced themselves that this is a substantial share of bitcoin usage?

imtringued 6y ago
>Have bitcoin people (I don't know what else to call the people who want to talk about it all the time) actually convinced themselves that this is a substantial share of bitcoin usage? It's not because this is literally Monero's value proposition. Why would anyone who wants to flee an oppressive regime publicly announce to their government that they bought Bitcoin in the oppressed country and sold it in a less oppressive country? Information about Monero (don't dare to even think of buying it for speculation) https://www.monero.how/how-does-monero-work-details-in-plain-english https://www.monero.how/how-does-monero-work-details-in-plain...
- whimsicalism 6y ago
  How do I cash out monero?
- noobly 6y ago
  >don't dare to even think of buying it for speculation why not?

sega_sai 6y ago

I think, yes, somebody should adjust taxes accordingly. The status quo with existing costs and taxes already effectively establishes some preferences for industries/goals, just implicitely. I think trying to explicitely express those preferences is better. (and it will never be 100% optimal that's for sure)

imtringued 6y ago

This is a terrible argument because the transaction fees on Bitcoin are high enough that anyone who wants to flee an oppressive regime would just buy any other cryptocurrency that isn't suffering from power consumption problems.

xur17 6y ago
Fees are $3 if you are willing to wait 12 hours, otherwise $5 for 30 minutes.