Ethereum will use around 99.95% less energy post merge

Re:Ethereum will use around 99.95% less energy post merge by cedricd on Tuesday May 18, 2021 @11:40AM (#27196150)

That's a common take, but a well-designed carbon tax could be made revenue-neutral and non-regressive.

In other words, the amount it takes in can be given back to the average person -- in forms of tax rebates, investment in public transit, education, whatever. In an ideal world a carbon tax would have no adverse impact on lower and middle class people.

I should also add that in that world higher electricity cost due to carbon tax is a good thing -- it'll help carbon-neutral sources of energy to compete and replace the more dirty forms. Which is exactly what we want.

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Re:Ethereum will use around 99.95% less energy post merge by beowulfey on Tuesday May 18, 2021 @06:37PM (#27202175)

I have nothing against carbon taxes actually would love to see them implemented, but I am not sure how they would help prevent excessive energy use due to crypto. OP was suggesting a carbon tax instead of direct regulation, but I don’t quite get how it would dissuade crypto use without increasing electricity costs.

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