Do you remember the pictures from the early Covid lockdowns — of the Himalayas becoming visible in parts of India for the first time in decades? City streets deathly quiet everywhere. This is what actually saves the environment: less human economic activity.

Bitcoin contains the built-in incentive to keep you put in place, without engaging in any economic activity. It does so on a massive scale, without sickening people, voluntarily and by design.

Everyone likes to focus on Bitcoin’s cost to the environment, without considering the upsides of Bitcoin adoption, chief of which is a pronounced decline in consumerism.

Consider what would happen if we saw continuously falling asset prices, and dramatically lowered capital investment globally. Consider what would happen if government scrip became worthless, disallowing governments to fund war machines and large public works projects. Bitcoin throttles humanity. This is a big benefit to the planet’s natural ecosystems. Meanwhile the environmental damage Bitcoin can do is capped by the maximum productive output of humanity, which puts a ceiling on the value of one bitcoin.

This is deflation, and turns out everyone hates deflation. Just to be clear, I am with you here.