@feld You're addressing to different, though real and relevant problems.
One is under-pricing of fossil carbon fuels. Another is general inequality and inequity, as well as the age-old conflict between _rents_ incomes vs. _wages_ incomes. The rentiers generally win, the wage-earners generally lose.
There are additional taxes you want to impose on the 1%, but you _still_ have to make fossil fuels pay full freight.
@feld First off, the issue in question was *electrical energy* not *petrol fuel*, as very few crypto-mining rigs burn petrol. For the fundamental reason expressed: IT'S TOO DAMNED EXPENSIVE.
Crypto mining is a COMPLETELY economically-driven process: the viability of crypto mining is driven by fixed and marginal costs, and the market price of bitcoins.
(I'm not even getting to the point that that market is completely whack, though read David Gerard's excellent book and anslysis.)
@feld I'll leave you with my favourite quote of Karl Marx:
"Wealth, as Mr Hobbes says, is power."
Except I lied.
That's not Marx, he didn't say it.
Adam Smith. Wealth of Nations. Which is _not_ a perfect book. But there's a lot in it you might want to actually read.
(And you can believe that Marx read Smith.)
@feld What specifically is the problem you're looking at, why do you see it as a problem, and what are you proposing to do about it?
Because so far, there's been no clear statement or agreement on any of this.
(And I've muted the party who kept wanting to argue with me over what they'd wished I'd said rather than what I'd actually said.)
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