You guys are all dissecting his points like academics. I think the real thing is that the environmental piece is a strong enough weakness to make an emotional argument to build support within the non-hardcore communities with the cloaked motivation (as always) being one of control or financial power. The no-cryptos are betting on a growing swell of anti-anti-environmental ideas in general with this one.

Currency/whatever crypto is, is just a system of trust. Logic is likely to have little to do with the downfall if it comes. Scrolling through the comments the Crypto-religious right is out in full effect and tbh, I understand it. For many people they have moved up many brackets of the wealth ladder and they probably should reject anyone coming for their system with vigor.

I think the downside of the crypto religious complex is going to be, that if any of these emotional arguments (coming to kill crypto) become mainstream and compelling, the tenor of arguments is going to push the crypto and no-crypto sides apart cartoonishly (think modern dems and republicans) and the choices of resolution will have to be loud and final.

Make no mistake, crypto is much closer to a political religious sect than it is a science.