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If the government is able to ban crypto currency because it's unnecessary and uses too much energy, couldn't they apply that logic to nearly any other modern lu
by spaced-out 6y ago
If the government is able to ban crypto currency because it's unnecessary and uses too much energy, couldn't they apply that logic to nearly any other modern luxury?
- flaque 6y agoThey do! Gas taxes, bans of gas vehicles, required emission standards, etc.
- viklove 6y agoI think the real solution here is banning coal, natural gas, etc., not the downstream users of it. If I want to mine BTC with 100% nuclear/wind/solar energy, then the problem is solved right?
- ledauphin 6y agotechnically, any process with negative externalities should not necessarily be free of societal (i.e. governmental) limits. All of the "renewable" sources of energy you've mentioned here have some form of negative externality. of course, in my non-expert opinion, it would be preferable for the government to focus directly on the negative externalities rather than second or third order causes thereof.
- adhoc32 6y agoMiners pay for the electricity they consume which includes environmental taxes. Why ban them?
- alkonaut 6y agoI pay 66% taxes on fuel. My car has a $15k tax when sold and $1.5k/yearly tax. In Denmark it would have been much much worse than this (probably north of $30k fees when new). You don’t ban things you can tax with good results. Banning is for things you can’t tax. It’s a clumsy instrument.