To my surprise, people are still pissed about Bitcoin energy consumption. I mean, we’re exchanging something which we value less for something which we value more every single day. If you buy a cup coffee for $5, it basically means that you value it more than the extra $5 on your bank account. Bitcoin energy consumption is only a problem if we lose more than we gain.

What are our gains, exactly? The popular opinion goes: a bunch of crypto bros are trying to get-rich-quick at the expense of everyone else. To add an insult to injury, it looks like they are quite successful in that endeavor. The reality is: Bitcoin is our only chance to stay free in the modern world. As a society, we’re on a road to a dystopian future where every financial transaction is monitored and any person risks being separated from their savings by corrupt or delusional politicians, or even a faulty algorithm.

Cash is getting out of fashion but a cashless society without open and non-discriminating monetary system is a dead end. Needless to say, half of the world population lives in non-democratic countries and cashless systems make those people more vulnerable to political pressure. How much are we willing to spend in order to have a truly inclusive financial system? How important is it to have some king of digital gold which stays out of reach of central bankers and their printing presses?

Bitcoin is a safe heaven. It protects people from abuse, and it limits the power of the elites, and those properties are extremely valuable.