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Exactly, and then its not limited to just bitcoin, but any process that creates pollution (coal power, dirty manufacturing, forest removal, etc). If pollution
by admax88qqq 5y ago
Exactly, and then its not limited to just bitcoin, but any process that creates pollution (coal power, dirty manufacturing, forest removal, etc).
If pollution stops being free, the market will finally be incentivized to reduce it.
- joshgrib 5y agoThis is totally how I feel, and it's even worse than that - we're still subsidizing fossil fuels, so we're not only NOT taxing the pollution, we're actually helping to make it cheaper for companies to do. I think step 1 should be stopping all the subsidies. I haven't actually seen the numbers before but this is pretty absurd: https://www.imf.org/en/Publications/WP/Issues/2019/05/02/Global-Fossil-Fuel-Subsidies-Remain-Large-An-Update-Based-on-Country-Level-Estimates-46509 https://www.imf.org/en/Publications/WP/Issues/2019/05/02/Glo... > Globally, subsidies remained large at $4.7 trillion (6.3 percent of global GDP) in 2015 and are projected at $5.2 trillion (6.5 percent of GDP) in 2017 > coal and petroleum together account for 85 percent of global subsidies
- admax88qqq 5y agoAbsolutely insane. And people sometimes argue that renewables are only viable due to subsidies.