> I don’t generally cite my own credentials because I’d prefer you were persuaded by my arguments than by my resume, but for the record in grad school I actually peer reviewed academic papers about load balancing the electrical grid. I’m not talking out of my ass when I say that most energy is wasted. If Bitcoin used only wasted energy it would consume >2/3rds of the energy of the planet.

The wasted energy he is talking about here is mostly waste heat and other losses, it is not energy that is actually available for use. That makes the argument pretty silly, since increasing power consumption incurs the exact same losses.