The quick answer to the question is; yes, the energy bitcoin consumes is a good thing. It makes it impossible to rewrite the past. This quality is essential to ensuring one of bitcoin’s most important properties: censorship resistance. Secondly, the problem is not in fact energy consumption, but the emission of greenhouse gases. Energy and “green” energy are so abundant in the universe that we could never consume all of it. Bitcoin mining is already cleaner than many other industries and can reduce the emission of greenhouse gases in other areas that have nothing to do with bitcoin. Let’s develop these two ideas.