30% Tax on Bitcoin’s Electricity Input is Proposed
And yet Bitcoin’s electricity input is Greener than Tesla’s charging
In this article, I use minting and minters to describe what happens when Bitcoin is created, rather than mining and miners, because it is a more accurate analogy.
Nothing in this article should be construed as investment advice.
No AI software was used in the writing of this article. If it had been, it would have been a one-time use of high-performance computing facilities, with 38% green or nuclear-generated electricity, on average. Bitcoin, on the other hand, is created by high-performance computers, has long-term value, can be used over and over, and is over 50% green.
What is it? Not helicopter money
Bitcoin is a digital currency with a market cap of half a trillion dollars. If it were a company with that market cap, it would be the tenth largest in the world. It has reached that level in 14 years, despite having no CEO or VC funding, or marketing department. It has an ecosystem or economy that grew organically. Bitcoin grew organically rapidly because of its appealing characteristics for storing and transmitting value.
Bitcoin is the premier fully digital currency, and can only be created by machines, not by committees. It engages in no fractional reserve…
