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Why would we not tax the source of the problem. ie dirty energy generation via a carbon tax? That would then incentivize all energy use to become greener, rathe
by gwicks56 4y ago
Why would we not tax the source of the problem. ie dirty energy generation via a carbon tax? That would then incentivize all energy use to become greener, rather than ad-hoc singling out individual use cases? A decent carbon tax would eliminate most dirty proof of work mining, as electricity is the major cost
- DennisP 4y agoWe absolutely should, but it seems unlikely that we will anytime soon. And to reduce Bitcoin's emissions it would have to be a global tax, which seems even more unlikely. For most products, a country can tax imports when other countries don't have corresponding taxes, but that's not really possible with Bitcoin.