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You very conveniently ignore the cost to society that is caused by the extra pollution. That is an externality that is paid by society and not Bitcoin miners, a
by polygamous_bat 4y ago
You very conveniently ignore the cost to society that is caused by the extra pollution. That is an externality that is paid by society and not Bitcoin miners, and thus society has a say about whether miners are allowed to run on fossil fuel in a particular state or not. As it turns out, a lot of things are profitable if you ignore societal costs.
- danuker 4y agoA fair solution would be to tax pollution, without exceptions. The specificity of this law exposes the corrupt interests that have captured the politicians (i.e. Big Oil).
- polygamous_bat 4y agoIf making big bonfires out of old tires and keeping them burning continuously is a new fad, do you ban that by (a) banning old tire bonfires, or (b) taxing tires highly and letting the free market sort it out? Is a government choosing (a) necessarily in the pocket of Big Tire? Or are they also considerate of people who need tires for legitimate purposes, such as driving?