Quote from: ModelT on June 08, 2021, 12:56:56 AM

Would a universally imposed carbon tax (on all Green House Gas generating activities) be good for Bitcoin?

The below video points out that energy generated by fossil fuels creates negative externalities that are not accounted for in the price.
Users of this energy (like bitcoin miners, Christmas lights, etc.) unfairly profit from this at the expense of those who are not using that energy. This leaves bitcoin open to attacks of wasting energy and being bad for society.

Antanopolos also point out that miners will tend towards the cheapest form of electricity...if a carbon tax makes renewables the cheapest form of electricity for all bitcoin miners, then all miners would use renewables. He implies that miners might be more nimble at switching than others, which could give bitcoin an advantage in a true carbon priced economy.

In short, he is saying that if you can properly price all externalities, then you can let markets decide what is valuable and what is not. To me, this is a more objective and fair form of government regulation rather than the often times subjective, politically motivated and piecemeal regulations that we currently have. Would we be better off having a single debate about what the cost of GHG emissions are rather than having 1,000s of debates about the pros and cons of various GHG emitting activities?

Quote from: BrewMaster on May 17, 2021, 02:36:11 PM

Bitcoin energy consumption by Andereas Antanopolos
https://www.youtube.com/watch?v=uvFqEofdAZ0

Hello, I read two articles today, neither of which contained anything of interest other than the typical naysayer gloom shilled by general Bitcoin haters.

One thing that caught my eye in both pieces was the CARBON TAX on Bitcoin mining cries from these envious individuals, who seem to be becoming louder as their restrictions don't seem to be having the desired impact.

Is this something that is reasonable, for example, is the banking system CARBON TAXED? Does anyone know of any current examples of carbon taxes, and is a carbon tax on the Bitcoin network possible or plausible?Is this something that is reasonable, for example, is the banking system CARBON TAXED? Does anyone have any examples of current carbon taxes, and is a carbon tax on the Bitcoin network feasible?

I'm not an expert on energy, but I find it difficult to accept that electricity use can be frowned upon or allowed to run wild.

I am not an energy specialist, but I find it difficult to accept that electricity use can be frowned upon or allowed to run wild.

robertjack

Posts

Merits