Love Andreas' work, but this sort of argument does nobody except the regulators any favors.
I should think the problem is too obvious to explain.
Conversation
As for energy consumption, the actual hole in the argument is that all currencies consume energy.
By orders of magnitude more than crypto.
Replying to
"CRYPTO POWER CONSUMPTION, oh no the environment!"
Wait until you hear how paper bills are produced, or how much power a server bank consumes.
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youtu.be/4U9B244Z3go
Anyway, why not relax with some nice retro-ish music on the topic? :)