Because not everyone knows: If Bitcoin’s price ever reaches $1m it will output more carbon than the entire US and consume 2x the entire electrical production of the US.

And it gets worse 🧵

1/8

As the price goes up it’s worth it for miners to spend more to mine a coin. Even if it costs them enormously in energy costs.

Will they? Guaranteed.
2/8

Because this has the exact same financial incentive as the drug trade.

As long as someone who wants to better their finances can make a fortune destroying a common good at least one psychopath will do that.
3/8

And Bitcoin is (largely) anonymous so they could be the PRC or North Korea but they could just as likely be warlords who invade and capture nuke plants.
4/8

There won’t be a way to stop these miners because the financial incentives are all backward and built *deliberately* so.

Bitcoin is propped up by people who don’t trust community decisions. They’ve inoculated BTC against human society.
5/8