5 ms·
So what? If the pollution is the problem, government should tax the externalities through a Pigovian tax. In the EU we have a functioning carbon cap, and as su
by danuker 4y ago
So what? If the pollution is the problem, government should tax the externalities through a Pigovian tax.
In the EU we have a functioning carbon cap, and as such mining is less profitable here.
https://ec.europa.eu/clima/eu-action/eu-emissions-trading-system-eu-ets/emissions-cap-and-allowances_en https://ec.europa.eu/clima/eu-action/eu-emissions-trading-sy...
But the US will hear none of it:
https://www.youtube.com/watch?v=MondapIjAAM https://www.youtube.com/watch?v=MondapIjAAM
- AlexandrB 4y agoI think you pointed out the problem yourself. Bitcoin and pollution don't care about borders, unless you get every country in the world to pass such a tax the miners will just move to wherever they can get away with not paying it.
- danuker 4y agoI agree. But lawmakers would have a double standard if they imposed such a tax, but only on Bitcoin miners.