I don’t like the power consumption but it seems interesting what we value. A distributed currency is bad. But Google consuming something like 26 TWh per year (b

I don’t like the power consumption but it seems interesting what we value. A distributed currency is bad. But Google consuming something like 26 TWh per year (by my back of napkin math) to serve Youtube videos of cats is fine? How much do Facebook and all the other social networks consume? The reality is we produce power and price it for a reason. Because the modern world runs on it for all kinds of things. What we really have a problem with, that all these articles are upset about, is that we DO NOT price power correctly and allow it to externalize all environmental cost. Let’s be intellectually honest and rather than attacking Google, or Facebook, or Bitcoin for existing, let’s make sure we price in the environmental cost correctly through carbon taxes.