The author assumes BTC mining will continue to be tethered to the regular power grid, and this is bad.

This makes BTC mining an asset to the system. Electrical generation must meet peak demand, but peak demand is seldom sustained. Electrical rates for industrial customers can vary based on the hour of consumption. In the afternoon & evening, residential power consumption pushes a peak load, so it is more expensive for industrial use. Nights, mornings, middle of the day has cheaper rates because it is at the demand floor. BTC Mining works in all these valley periods and thereby subsidizes a greater peak production capacity on the grid.
There’s a lot happening to use waste energy to power the mining operations, example: https://www.cnbc.com/2022/03/26/exxon-mining-bitcoin-with-crusoe-energy-in-north-dakota-bakken-region.html
I don’ think flare mining is the final solution, but it does show that creative minds come up with solutions when the incentives are line up. In this case, they are. People recognize pinches and problems and make adjustments, in aggregate it solves many of these problems.

So…Diamond hands, to the moon, ect 😉

The centralized control hubs for each of these cryptos is unsettling. I’ve been on the ETH and Algorand wagons for a bit, but the more lefty and progressive these foundations become already the less confident I am with my USD in their platforms.