Nostr

If a friend or family member is legitimately concerned with “man-made global warming” the appropriate response is to (1) be understanding and empathetic to their opinion and (2) suggest the best solution to the problem is simple: raise interest rates (which in turn will reduce consumption). Finally, (3) share with them that bitcoin sets the risk-free rate at 50%+ and so it is beneficial to the environment.

…If authorities really were concerned about the planet, they merely would need to raise interest rates to 20%+ and people would consume a lot less and be intentional about what they were consuming. Emissions would go way down relative to the 1970s-2020s fiat era…

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Discussion

f0xr 1y ago

So you're saying this is the wrong response? Oops, guess I've been doing it wrong then 😬

Cody 1y ago

Climatists are religious fanatics, I don't think there is much use in trying to convince them of a monetary policy change is going to be very effective. Here I'll play devils advocate

Raising interest rates will price low income people out of home ownership and create a bigger wealth gap!!!

Also it will take too long, we need radical change now. We can't wait years for peoples spending habits to change.

Bitcoin uses energy.....period, we need to use less energy..... period.

If bitcoin is using wasted energy then we need not waste that energy mining Bitcoin, but put it to use doing something actually productive, like growing fake meat

BoomTown 1y ago

Raising interest rates will make rental homes less attractive to own financially - win for those without access to housing.

Bitcoin is changing those behaviors for those of us using it as a savings technology. So our consumption is going down.

My point is that there are some people out there who are worried about the environment but aren’t radicalized climate alarmists. An effective argument for that population is that raising interest rates will lower consumption. That’s all we “have to do to fix the man-made impact on climate.” Then it becomes a conversation of why won’t politicians and central bankers use that very simple tool to fix the climate (if we’re all so worried about it). That’s when it shifts from a conversation about conservation (and efficient use of our resources) into a conversation about power, control, and coercion.

Cody 1y ago

🤌bravo