Comment Re: And grid collapse in other countries (Score 1) 64
What nonsense. What you've written only makes sense because these farms cause a need for increased capacity across the board. "Can build overcapacity geothermal production" is wrong. "Decide it makes financial sense to build overcapacity geothermal production" is correct.
Yes, one of the side-effects is that for normal, non-predatory consumers, the grid now has more capacity than would otherwise typically need, and a lot of that capacity is going toward mining DerpKoin, which (since it's only worth mining when power costs are sufficiently low and will therefore be shut off in a usage spike) makes a crisis like the one in Texas far less likely. But the primary effect is an overall significant increase in energy usage. Sure, the energy MIX is greener, but that doesn't actually matter because the absolute amount of energy produced by fossil fuels still goes up despite that better mix. And you could get greener energy mixes and/or increase capacity via regulatory carrots and sticks without having to invite a big dumb speculative nonsense-market.
I know Crypto folks tend to adhere to the libertarian idea that The All Powerful Market can solve every problem under the sun, but the solution to decreasing the world's carbon footprint is just not ever going to be "use more energy!!!"