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Nobody has the power to unilaterally “set the price” of energy, it’s set by the market. Free markets are great for a lot of things, but pricing in externalitie
by paulgb 4y ago
Nobody has the power to unilaterally “set the price” of energy, it’s set by the market.
Free markets are great for a lot of things, but pricing in externalities isn’t one of them.
- irusensei 4y agoAgreed but I think people should be looking at power companies and how they generate energy for accountability instead of going for industry A and B. Wiping PoW from the face of the earth won’t make those coal plants in China go away.
- paulgb 4y agoNo, but it will reduce the demand for what they produce. This isn’t hypothetical, even in the US there are examples of coal/natural gas plants getting brought back online for bitcoin mining (finger lakes NY; Hardin, MT)