I have seen many known bitcoiners who are considered oracles that have made the wrong arguments concerning proof of work's wasteful use of a limited resource.

Some of their arguments are bitcoin is pushing for the use of renewable energy. What? If there was one that matters then please tell us about it.

Another argument is but the banking system uses more electricity. Ok turn off the whole banking system now. Let us see if bitcoin can handle everything.

Very stupid arguments from supposed to be smart people.