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Five Whys: Bitcoin energy consumption is bad because - consumption encourages production - production outputs carbon - carbon output isn't cost prohibitive - carbon taxes are low - incompetent governments And who does Bitcoin threaten? Incompetent gov and the banks who own them.

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Nico

@ninononinoninon

Mar 20, 2021

Could you elaborate? I think I cannot appropriately follow your points. Thanks!

Jesse Powell

@jespow

Replying to

@ninononinoninon

The real problem people have isn't with consumers of energy. The problem is that some forms of electricity production put carbon in to the atmosphere. If we don't like that, we should make that form of energy production cost prohibitive by taxing it, requiring offsets.

5:20 AM · Mar 20, 2021Twitter Web App

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J. Anders Langberg (anders.tez)

@jalangberg

Mar 20, 2021

Replying to

@jespow

Or, all major Bitcoin actors (exchanges, miners, etc.) group together and buy carbon capture services?

Jesse Powell

@jespow

Mar 20, 2021

I think it's better to put this kind of thing on the producers of carbon rather than all consumers of electricity. If you're going to put it on consumers, where do you draw the line? Consumers generally don't know the provenance of their electricity. Tax it at the source.

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Ah yes, I agree completely👍 Nothing wrong with proactively going for green energy from low-carbon sources though, like

@meyerburger

's worldclass solar tech. And best is: Tech like this can make you completely self-sufficient in when the power grid gets destroyed.