You guys are all dissecting his points like academics. I think the real thing is that the environmental piece is a strong enough weakness to make an emotional argument to build support within the non-hardcore communities with the cloaked motivation (as always) being one of control or financial power. The no-cryptos are betting on a growing swell of anti-anti-environmental ideas in general with this one.
Currency/whatever crypto is, is just a system of trust. Logic is likely to have little to do with the downfall if it comes. Scrolling through the comments the Crypto-religious right is out in full effect and tbh, I understand it. For many people they have moved up many brackets of the wealth ladder and they probably should reject anyone coming for their system with vigor.
I think the downside of the crypto religious complex is going to be, that if any of these emotional arguments (coming to kill crypto) become mainstream and compelling, the tenor of arguments is going to push the crypto and no-crypto sides apart cartoonishly (think modern dems and republicans) and the choices of resolution will have to be loud and final.
Make no mistake, crypto is much closer to a political religious sect than it is a science.
True, it's an emotional plea that has little value in terms of rational decision making. As for the "Crypto-religious right", I think the term you're looking for is "Crypto Evangelism".
The environmental cost of this - globally decentralized - system is to put it bluntly... negligible. That doesn't matter though, as long as people can be convinced into thinking it's a major issue.
What also doesn't matter is: anyone's opinion. Hegemonic systems will do whatever they need to do to maintain power, and that includes the possibility of banning crypto - even if everyone absolutely loves it.
The only thing Crypto Evangelists should be doing is building the tech and making it ban-proof. Let the nay-sayers bemoan the loss of their crumbling infrastructure, they'll still need a way to function in the modern world.
"BuH GloBaL WaRmInG" - as if any of these people actually give a shit about the environmental impact of industry as they write their AWS Lambdas, get the newest iPhone, order plastic wrapped take out, and buy a new car to make their commutes to the office "nicer". Even if Bitcoin was considered greener than fiat (and it should be, since it's essentially an improvement in EFFICIENCY and therefore LESS WORK to operate), they'd still hate it for one reason or another.
But again, the poorly thought out narratives don't matter. What matters is the conflict between alternative tech and hegemonic tech.
Currency/whatever crypto is, is just a system of trust. Logic is likely to have little to do with the downfall if it comes. Scrolling through the comments the Crypto-religious right is out in full effect and tbh, I understand it. For many people they have moved up many brackets of the wealth ladder and they probably should reject anyone coming for their system with vigor.
I think the downside of the crypto religious complex is going to be, that if any of these emotional arguments (coming to kill crypto) become mainstream and compelling, the tenor of arguments is going to push the crypto and no-crypto sides apart cartoonishly (think modern dems and republicans) and the choices of resolution will have to be loud and final.
Make no mistake, crypto is much closer to a political religious sect than it is a science.