Biden Wants to Hit Power-Hungry Crypto Miners with a Big Tax Bill (gizmodo.com)

Why limit this to crypto companies? I personally approve with the specificity of the targeting (I don't see the value added by crypto to society writ large, and there's other power-hungry industries that are more essential who'd likely be crippled by such a tax), but it seems fishy to me to target legislation so specifically, from an engineering standpoint: it won't be flexible w.r.t other situations, and there could be unpredictable outcomes.

Plus, if they're getting their power from clean sources, I don't much care about taxing excessive use, but at that point we're just talking about a carbon tax, which is... questionable at best.

[flagged]

[flagged]

[dead]

[flagged]

Good. Why it has taken so long for them to react is incredibly odd. The market clearly cannot make the move bu itself, so a little nudge is great.

Ethereum is one non-power hungry option. I'm sure there are others.

Newly released documents show Biden having a different take on energy consumption (when his son's foreign business partners were involved, at least).

Some of these crypto bros should marry into the Biden tribe, it seems the most efficacious way to get things done.