Re:Bitcoin consumed 134 TWh in total during 2021
by FabHK on Sunday January 02, 2022 @01:17PM
(#29771692)
Yes, it is a classic tragedy of the commons situation, and that is what politics - collective action - is good at fixing (at least sometimes).
[ Parent
| on HN ]
Re:Bitcoin consumed 134 TWh in total during 2021
by landemva on Sunday January 02, 2022 @02:30PM
(#29772680)
Tragedy of the commons is often due to ineffective or free pricing of government regulated items. Parks look free and become an appealing place to make homeless encampments. The free market with enforceable property rights fixes this government problem.
If you don't like that people run computers to play games or wash laundry or watch videos or hash strings, re-pricing electricity fixes that. Germans are experiencing this experiment with increasing electricity prices right now.