3 ms·
This seems unlikely. Big mining operations are already structured as corporations and taxed on their profits. Electricity is already heavily taxed in many count
by cinntaile 6y ago
This seems unlikely. Big mining operations are already structured as corporations and taxed on their profits. Electricity is already heavily taxed in many countries in the EU. As long as it doesn't pose a threat to the electricity net there is no reason to single out bitcoin for energy use, it's not like the energy is different.
- bjeds 6y agoDo you live in Europe? If you don't then what you say make some sense, but the European Union think differently. The EU ban things all the time. For example: inefficient vacuum cleaners banned: https://www.bbc.com/news/business-41119355 https://www.bbc.com/news/business-41119355 Light bulbs banned (this didn't originate from the EU, but the EU were early) High watt hair dryvers banned https://www.telegraph.co.uk/news/worldnews/europe/eu/11061538/EU-to-ban-high-energy-hair-dryers-smartphones-and-kettles.html https://www.telegraph.co.uk/news/worldnews/europe/eu/1106153... Single use plastic banned https://time.com/5560105/european-union-plastic-ban/ https://time.com/5560105/european-union-plastic-ban/
- bingbong70 6y agoBanning cutting edge fintech from Europe is basically choosing to go back into the dark ages... This talent/capital will relocate quite easily. Bonus, Bitcoin makes capital flight and regulatory arbitrage much easier. Hostile governments will pay a large penalty.
- cinntaile 6y agoYes I live in the EU. The difference is that there is a more efficient alternative available, this is not the case here.