202 sats \ 5 replies \ @siggy47 2 May 2023 \ on: Biden proposes 30% climate change tax on cryptocurrency mining bitcoin
I know he's senile, but there has to be someone around him who realizes how dumb this is. Mining will be driven out of the country, and I can't believe this administration is so shortsighted that they think this is a good thing for the US.
This isn't dumb, the concerted efforts (by the NY times and co) to smear mining, and now this, is a concerted effort to stop bitcoin adoption in the us. This isn't a move from a senile man, this is a move likely backed and funded by banking and other interests
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I agree with the motivation you suggest. The reason it's dumb is that it will fail. See this post by Odell
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There are. Many are just going with the narrative. Others will chime in… but this has to be amplified thru public outcry. Then the smart people around him will have a better voice in the room of naysayers. Satoshi action fund for one! Go Dennis Porter!
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Indeed. Miners can move relatively easy. They will always have to go where it is profitable to mine, not only in terms of energy but taxes too. This tax proposition is just another way of saying, "get out of here we don't want you here".
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