Re:Cambridge Bitcoin Electricity Consumption Index
by js8 on Wednesday February 10, 2021 @01:05PM
(#26092649)
> If energy is priced appropriately, this shouldn't be a problem.
It's not a problem only in the ethical framework of the free market, where the morality of any kind of consumption is judged only by its cost to society.
So for example, in the free market ethics, it's perfectly acceptable, when the water is generally scarce, for somebody to have a swimming pool in their garden (definitely not a necessity in that situation), as long as he can pay for it.
But many, if not all, societies do not fully accept this ethical framework. Often, we collectively agree to limit frivolous usages of extremely scarce resources.
It's not a problem only in the ethical framework of the free market, where the morality of any kind of consumption is judged only by its cost to society.
So for example, in the free market ethics, it's perfectly acceptable, when the water is generally scarce, for somebody to have a swimming pool in their garden (definitely not a necessity in that situation), as long as he can pay for it.
But many, if not all, societies do not fully accept this ethical framework. Often, we collectively agree to limit frivolous usages of extremely scarce resources.