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and this is where it comes to a point: what can you possibly change about the world to deincentivize that, and make it uninteresting? if you want a transition
by ruined 3y ago
and this is where it comes to a point: what can you possibly change about the world to deincentivize that, and make it uninteresting?
if you want a transition away from carbon, you have to solve that question.
- p1mrx 3y ago> what can you possibly change about the world to deincentivize that https://en.wikipedia.org/wiki/Carbon_fee_and_dividend https://en.wikipedia.org/wiki/Carbon_fee_and_dividend This would remove the incentive to mine crypto on any grid that is coincidentally emitting carbon.
- ephbit 3y agoThe carbon fee would lower and possibly sometimes completely remove the incentive to mine Bitcoin on a grid that is coincidentally emitting CO2, when the current electricity generation mix has a large share of fossil generation. As most (if not all) uses of electricity, Bitcoin mining is sensitive to the electricity price. Introducing a a carbon tax / carbon dividend, doesn't magically make any particular use of electricity economically unviable all of the time. It just pushes the cost equilibria to different values.