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A comment on FTX US’s wallets appear to be hacked, $600M leaving the exchange. Parent comment

Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by paulgb on Saturday November 12, 2022 @06:12AM (#33572039)
Nobody has the power to unilaterally “set the price” of energy, it’s set by the market.

Free markets are great for a lot of things, but pricing in externalities isn’t one of them.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by irusensei on Saturday November 12, 2022 @08:36AM (#33572909)
Agreed but I think people should be looking at power companies and how they generate energy for accountability instead of going for industry A and B. Wiping PoW from the face of the earth won’t make those coal plants in China go away.
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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by paulgb on Saturday November 12, 2022 @12:07PM (#33574911)
No, but it will reduce the demand for what they produce. This isn’t hypothetical, even in the US there are examples of coal/natural gas plants getting brought back online for bitcoin mining (finger lakes NY; Hardin, MT)
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