Part 8/14:
Troy passionately argues that condemning Bitcoin based solely on aggregated energy figures overlooks its potential to improve energy use. Mining demand encourages the development and deployment of renewable sources, transforming energy wastage into valuable, productive activity. He notes that miners often operate in regions with stranded or excess energy—creating incentives for cleaner energy development.
The Moral and Policy Dimensions
Troy criticizes prominent economists like Paul Krugman for dismissing Bitcoin's environmental prospects without understanding its nuances. If Bitcoin becomes a global reserve asset, its value and energy demands will grow, but so will its capacity to incentivize clean energy projects.