4 ms·

> proof-of-carbon-emission-reductions That one is fun! First, I credibly claim to have plans to release ridiculous quantities of CO2, and then you negotiate wi

• zepto 5y ago
  It’s like proof of stake - you have to prove you have a track record of producing the emissions.
  • willcipriano 5y ago
    Burn tires for a year then reap the reductions the next.
    • zepto 5y ago
      Sure - that’s pretty much how it works. If you own and can defend a jurisdiction where you can do that, other people will likely pay or trade things with you to stop.
      • vkou 5y ago
        A cheaper way to deal with you is to embargo/tariff your exports, until you come back to the negotiating table, hat in hand.
        • mPReDiToR 5y ago
          Not sure that always works. Hang on, Fidel Castro is on the other line.
          • vkou 5y ago
            That was a life-or-death political issue for the communist party of Cuba (USSR subsidies also mitigated some of the damage the embargo caused). This is just a question of money - which is far more tractable.
        • zepto 5y ago
          Seems like there are some pretty large blocs who won’t embargo you these days.
• vasco 5y ago
  This is being done right now in the Amazon without blockchain. First you start logging a lot more trees. Then the world is outraged at how many trees you cut, and you begrundgingly go to the negotiation table to figure out the carbon subsidies you're going to get in exchange for not cutting those trees. But wouldn't you know, estimates of how many trees you're able to not cut per year are based on how many trees you just cut so you get way more than you would've in the first place. Exchanging money for not doing things is fun.
  • zerd 5y ago
    Sounds like the classic https://en.wikipedia.org/wiki/Protection_racket https://en.wikipedia.org/wiki/Protection_racket on a global scale.
• RobLach 5y ago
  That’s how the current carbon offset credit system works.