[drexlspivey]

Luckily there is a mechanism for resource allocation and it is called price. I pay for 1 MWh, you pay for 1MWh and it doesn't matter what we use the energy for.

If you have an issue with how the energy is generated take it up with your local government.

[saagarjha]

Most Bitcoins are mined in places I do not live, since my electricity prices are nowhere near economical to mine in.

[Barrin92]

>Luckily there is a mechanism for resource allocation and it is called price

I mean we don't really have that in the case of bitcoin, which is predominantly mined in China these days probably precisely because state subsidised energy projects have created a ton of useless energy surplus, on which bitcoin lives.

Which is ironic in and of itself, the libertarian currency de jure runs on the misallocated resources of a state planned economy lol.

Just imagine if the transactions actually costed as much as their energy consumption suggests and environmental damage priced in.

[_lqaf]

I'm not sure that's ironic. A lot of libertarian types don't seem to mind authoritarians as business partners, they just don't want to live that way.