To paraphrase:<p>1. I&#x27;m going to make the energy use of Bitcoin sound small by taking it as a fraction of the <i>entire goddamn world</i>. Also, some of it is hydro power, which forgives everything.<p>2. Even if it were 0.74% of the entire world, that would still be worth it because Bitcoin is the most important thing in the world.<p>3. If we didn&#x27;t use all this energy, there wouldn&#x27;t be any Bitcoin, and that would make me sad.<p>4. Bitcoin companies employ a lot of smart people and give VCs something to invest in. Clearly none of these people would accomplish anything in the absence of Bitcoin.<p>5. Even though I just said mining is good, people are mining relatively less now, and that&#x27;s also good. Everything about Bitcoin is always good.<p>What an argument.