Thread by @saifedean

The meme that bitcoin helps the development of solar and wind energy sources is ridiculous. Please find less absurd ways to virtue signal.

https://twitter.com/SGBarbour/status/1351263446122201093

Solar & wind are intermittent & unreliable. Mining with them means your miners will have to lay idle for long periods of time when the wind isn't blowing & sun isn't shining. That's your miner capital depreciating as you fail to utilize it...

Meanwhile, those mining with wholesome reliable cheap hydrocarbons are utilizing their miners 24/7. Bitcoin's difficulty adjustment is merciless, and ensures only the most profitable survive. Unless you invent a 24/7 sun & wind, you're not profitably mining on solar and wind.

Our modern world, transportation, telecommunications & medical technologies & our ability to easily survive winters are *entirely* dependent on hydrocarbons. Until you live without them for a year, all your virtue signaling about their evils is empty noise
podcasts.google.com/?feed=aHR0cHM6…

You don't have to use or like hydrocarbons. But as long as you use them you are living testament that whatever their imagined evils, they are less bad than the evils of not using them.

Until you can tweet your objections from a 100% oil-free device, I'm not taking you seriously

People think the source of energy is a cosmetic detail of the engineering process, like the color of your iphone.

In reality hydrocarbons are the only way we have for making our modern world possible. The only working alternative is miserable poverty, darkness, and cold.

When bitter nocoiners complain about bitcoin energy consumption, you're being delusional if you tell them it's going to shift to solar & wind. Ask them why their PC, car, phone, washing machine & medical devices all rely on oil products instead

https://twitter.com/saifedean/status/1286788788879011842?s=19