Anyone arguing about Bitcoin's energy consumption understands neither Bitcoin nor energy. Bitcoin's energy use is a function of its value. The network algorithmically resolves the exact amount of energy (work) required to secure that value at any given ti

Satoshi's PoW timechain is a timeless marvel

What's the fundamental problem with fiat money Satoshi, and cypherpunks at large, sought to fix? Trust. For two reasons specifically,

1- Centralized, focused issuance and control of money supply and monetary policy

2- Trivial cost of issuance

While issuance entails no cost, money remains at the mercy of the basest of human qualities, self-seeking greed. All corruptive tendencies of fiat money are a direct consequence of the trivial cost to issue infinite money.

Satoshi’s proof-of-work algorithm solved this problem by implementing an ingenious cost of issuance algorithm that keeps every actor honest and forever scales in proportion to Bitcoin’s value as a monetary network —higher Bitcoin's value, higher the cost of issuance, and vice versa.

In PoW, Wealth != Power

My node = your node = president's node = pope's node

Someone else may have more bitcoin, but it doesn't allow them any privileges or power over you.

PoS reintroduces trust, locus of power, and easy money. Preminers/large stakers become central banks.

First mention of proof-of-stake, first responses (2011). Smaller, smarter community

Bitcoin will NEVER, not today, not in 100 years, use "too much energy."

Bitcoin is Dymaxion money—maximum gain of advantage from minimal energy input.

They keep telling you Bitcoin would be top 30-40 for energy consumption if it were a country. What they don't mention is by value of money in circulation, Bitcoin is #14.

Energy required to secure USD - 6691 TWh/yr (military-industrial complex)

Energy required to secure BTC - 79 TWh/yr

Bitcoin secures 3.5 times as much value per TWh as USD and emits 57% less GHG per USD value secured. These figures will only improve as Bitcoin becomes more valuable.

To be clear, this is not meant to justify the comparison. You can't compare Bitcoin to anything else, not companies, not countries, not fiat currencies. There's nothing like it. It's only meant to debunk the mainstream climate sophistry.

In case this wasn't obvious, we progress as a civilization using more energy, not less.

We're still a Type 0 civilization. How do we get to Type 1?

By overcoming central powers (Klaus Schwab) preoccupied with selectively stifling innovation to arrogate more power unto themselves & figuring out how to harness all energy resources available to us on Earth.

Bitcoin is the key to unlocking that energy potential—by subsidizing the transition to renewables, tapping remote/stranded resources, mitigating CH4 emissions from O&G, stabilizing grids and accelerating humanity towards securing a clean, energy abundant future.

A higher intelligence would laugh at us should we squander the opportunity.

"Not having Bitcoin would be the net waste" - Satoshi, 2010

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