Conversation

Jesse Powell
@jespow
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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Jesse Powell
@jespow
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.
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John W. |🇮🇪🇺🇸🇪🇸🇪🇺|
@_JohnWhelan
Replying to
@jespow
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@jalangberg
Agree 100%. Dig it up, burn it and pump it into the air has been the mantra of the energy business since the very beginning of the industrial revolution. And our political leaders have been bought. But big consumers of electricity have a voice too. They should use it more.
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Jesse Powell
@jespow
It's hard for consumers to voluntarily pick a more expensive option while there is no disadvantage to competitors using the cheaper option. It might not even be long-term viable. Governments need to intervene to level the playing field and align taxes/pricing with social costs.
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