Re: What are the effects of the G20 Summit on the Crypto Ecosystem

Quote from: DaveF on November 01, 2021, 12:00:19 PM

For the green side:
I feel it's going to have 0% effect.
Ignoring what many people are saying, 'greener' note not green just greener methods of energy production are springing up all over.
And ignoring what the loud people are screaming bitcoin mining really does not use that much energy.

From here: https://bitcointalk.org/index.php?topic=5325350.msg58300906#msg58300906
https://bitcoinminingcouncil.com/wp-content/uploads/2021/10/2021.10.19-Q3-BMC-Presentation-Materials-Final.pdf

For the tax side:
The 15% tax is a boogeyman. Taxes are good. That is what a lot of people don't talk about. Companies and people sit on their money and watch it grow.
Governments SPEND money. Keeping it moving. The more they spend the more businesses and people get. The more they get the more the government taxes them. Which the government spends again. It's like the circle of life.

-Dave

Yes, taxes aren't as bad as many people say or believe they are, but it is certainly important to consider what those taxes spent on. If every government in the world starts raising taxes in order to increase military expenses, I'd say that higher taxes are pretty bad. It is a question of context of course, I know, if one country spends a ton of money on military stuff, other countries are implicitly forced to do the same. I hope the higher taxes find their way to foster good causes.