Part 13/20:
Rob dismissed the ESG narrative as "garbage," asserting that Bitcoin’s energy consumption is often misunderstood or exaggerated. He pointed out that Bitcoin mining in Texas benefits from surplus energy, including natural gas flaring and renewable sources, which would otherwise go to waste. Rob argued that proof-of-work provides crucial decentralization, security, and economic value, asserting that it is a "feature," not a flaw. He emphasized that Bitcoin is likely to remain dominant as the flagship PoW asset, with Ethereum—and potentially others—continuing their experiments with PoS.