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What I probably should have said: "maybe it will be fine, resolving itself with more clean energy and more electric grid capacity in mining-heavy areas, or more
by mitchellst 5y ago
What I probably should have said: "maybe it will be fine, resolving itself with more clean energy and more electric grid capacity in mining-heavy areas, or more clever crypto tech. Or maybe we have a persistent incentives problem where the group that reaps the benefit (Silicon Valley inventors, Wall Street speculators) are distinct from the groups that bear the costs (including people near the welfare line in mining-heavy areas). A persistent incentive problem that isn't solved in relatively short order by general material abundance would be a case for regulation.
... better?