Bitcoin wastes a lot of energy. I agree. It is basically a mechanism to turn energy into something analogous to money.
However, people do not generally live where there is a lot of potential to generate green energy. Wind, solar, geothermal, nuclear all generally work best far away from heavily populated areas (this is not always the case). Additionally, wind + solar are highly variable.
Per unit of energy renewable energy will always be more cost effective than fossil fuels in the long run, but there is a high fixed cost at present.
The more sources that can consume energy in remote areas the more incentives there are to build renewable energy sources.
Thus cryptocurrencies like bitcoin are a net positive for building green energy sources in the long term.
So, your logic is that generating more energy demand will create more incentive for green energy…?
Have you ever worked for an oil company, even as a simple oil change pit worker?
Them oil companies couldn’t give a flying fuck less about the environment, and they actively fight against green energy.
Disclaimer: I only worked for an oil company for about 5 months, back in 2005, and I do not approve of big oil trying to smother green energy technology.
Regardless, that’s unfortunately how shit still works.
Not my logic, I was explaining what the phrase meant, which was your question.