it_citizen

25 ms·

241.
by it_citizen 5y ago
I am not talking about scarce assets but of the entire economy of a country. Concretely, how would bitcoin would manage to keep inflation in a healthy range (1.5%-3%) given that we can no longer decide to emit or remove money from the syste
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by it_citizen 5y ago
How do you keep inflation within an economic zone between 2 and 3 percent without control over your money? No matter if the economic growth is between -1% and 10%?
243.
by it_citizen 5y ago
We as “citizen of a nation”? If nations no longer control their money, does it mean they can go bankrupt? They can no longer adjust their money to influence their commercial balance? Would have the EU and the US been able to create stimulus
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by it_citizen 5y ago
Inflation might a problem but a world where countries would no longer be able to adjust the value of their money isn’t scarier? Wouldn’t we be giving up an essential lever to adjust to changing economical conditions?
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by it_citizen 5y ago
NFTs used for monkey laundering. It could be a satiric piece.
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by it_citizen 5y ago
Take a look at what Cameron did on The Abyss: https://www.imdb.com/title/tt0096754/trivia > Ed Harris reportedly punched James Cameron in the face after he kept filming while he was nearly drowning.
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by it_citizen 5y ago
If everybody in the room agrees on the benefits, why not spend most of the discussion debating the drawbacks and the contentious points? That’s a very common situation in my professional life.
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by it_citizen 5y ago
Exactly! The Paris agreement provided an anchor. Now every climate policy is put in relation with how it helps to reach the 2 degree target. We hear about it all the time. We might be off-track to meet the goal but it was nevertheless a ma
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by it_citizen 5y ago
To give an order of magnitude: Germany is producing 11 times more CO2 to produce the same amount of energy than France. But nothing is sure about what is going to happen in France. While Macron has announced some investments to develop smal
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by it_citizen 5y ago
Surprisingly, experience has shown that building more nuclear plants, even standardized, don't make them cheaper to build but more expensive. 2010: https://www.sciencedirect.com/science/article/abs/pii&#x
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by it_citizen 5y ago
Except that it is not that simple and that a lot of things that people are taught in ECON101 is wrong, oversimplified to a fault, or biased by an ideology or another. Assuming that printing money automatically leads to inflation is assuming
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by it_citizen 5y ago
I see his point though. More and more I am associating mindfulness as one of many over-marketed self-help practices to cope with the stress of modern life. This mountain of books and methods to find calm or happiness appear to me as a stigm
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by it_citizen 5y ago
I get that blue hydrogen might be a controversial topic but isn't there at least a case to make for green hydrogen in some sectors that might be hard to electrify such as aviation? Or even as an alternative storage solution since the e
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by it_citizen 5y ago
All depends on how the revenues of the tax is distributed. Redistributed equally, the tax would help to reduce them: See: https://clcouncil.org/our-plan/ or https://en.wikipedia.org/wiki/Carbon_pri
255.
by it_citizen 5y ago
Implemented in the same spirit as this: https://www.congress.gov/bill/117th-congress/house-bill/2307... It would actually reduce inequalities because the revenues of the tax is redistributed directly to every
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by it_citizen 5y ago
The tax was implemented in an extremely unfair way. The bright side is that it has made it clear that the ecology transition should work hand in hand with an effort to reduce inequalities. Here's a different implementation https:&#x2F
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by it_citizen 5y ago
On the topic of rebound effect, it seems to me that for energy efficiency to work you need a carrot and stick are necessary. Help your country to become more energy efficient but as they do, tax externalities more severely.
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by it_citizen 5y ago
Lately I have been surprised at how much solar and wind play the main role in most reports building pathways to carbon neutrality. I always believed that the intermittency of solar and wind would be too problematic and that's why peopl
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by it_citizen 5y ago
British Columbia implemented one with redistribution of revenue to the population in 2008. Canada implemented it at the federal level in 2018. It is probably the closest implementation to the bill proposed to the congress this fall: https:
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by it_citizen 5y ago
A carbon tax with dividends would solve that problem. It would be a net positive for the first 6 or 7 decile of the population while still sending a strong signal to the markets to switch to greener alternatives to stay competitive. Regardi
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by it_citizen 5y ago
The hottest/coldest day matters but the timescale matters too. Ecosystems (and probably humans) can adapt when those changes happen slowly. But human-made climate change happens way too fast. Here's a great way to visualize things
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by it_citizen 5y ago
I whole-heartedly agree. I found out about the Citizen's Climate Lobby two weeks ago. I jumped into a few zoom calls with members of the organization and they immediately came up with various ways I could help with. For a person who ha