They are ridiculously inefficient and if governments stopped subsidizing them, they would not survive.

Energy is like money, which people think they understand, but really don’t. The average person uses a lot of energy day to day, whether it’s the electricity to power their computers, gasoline to power their cars or natural gas to heat their homes. Like money, usage gives people the illusion that they understand it.

They cause more power outages because they only generate electricity when it’s sunny or windy.

Our time is enormously valuable because our labor is multiplied through energy. Taking that multiplier away or even curtailing that multiplier effect significantly shrinks our labor output. We won’t be forcing farmers to use horses again to till their land, but we will need a lot more farmers and many other manual laborers if we take away fossil fuels. By taking away cheap energy, we are being taxed on our labor.

They’ve essentially imposed on developing countries the use of solar and wind, the least reliable, most expensive and most limited sources of energy.

As we go toward a Bitcoin standard, we get better incentives with respect to energy. First, more energy is explored and made viable through proof-of-work. Because bitcoin mining is a portable customer, energy development is more economical everywhere in the world. Traditionally, energy producers had to make sure there were enough customers first before building out energy facilities. Now, they don’t because Bitcoin mining will be a customer, provided the energy is cheap enough.

Bitcoin will remove the bad incentives and create good incentives for energy. That means a more productive work force through the multiplicative effects of energy use. I reject the charlatanism of wind and solar. I am an efficient energy maximalist.