Re:Bitcoin mining hash rate drops as blackouts instituted in...
by maerF0x0 on Tuesday April 20, 2021 @01:32PM
(#26877704)
If the btc has greater value than the outputs from the renewables, then the market is "voting" on what is actually the most valuable thing to that society.
I know it's tempting to argue along the lines of "What could be more important than the environment?" and that is a good question, but that is a shift in societal values question, not an economic one. Economics simply helps one optimize the outcomes towards a values set.
I know it's tempting to argue along the lines of "What could be more important than the environment?" and that is a good question, but that is a shift in societal values question, not an economic one. Economics simply helps one optimize the outcomes towards a values set.