What do you think about the special tax on electricity for mining?

- it would introduce a precedent where government decides what is a good and bad use of energy

- miners will just migrate as they have already done

- pushes the production cost of Bitcoin up, therefore price should go up (although the production cost is just a far lower bound of price usually)

- demonstrates there are people in charge who didn’t even open 1 book on macroeconomics. More energy => more GDP, it’s that simple. You should introduce incentives to create abundant energy, Bitcoin has literally been one of those incentives for Texas, not introduce friction to spend energy (for reflexivity less spending reduces capex investment which reduces production)

TLDR

yea, it’s a silly as it sounds, let’s hope it doesn’t go through