Well I’m on Lenny so sure I’ll pick a fight.

No.

When a few rich people say this is valuable the government has to protect their property because the government works for rich people. Once the government agrees then everyone else has to play along whether they think it’s valuable or not. Think crypto or fine art. You think bitcoin is stupid and worth nothing yet two rich people agree it’s worth 100000 then government enforces property rights. So as long as you fall under said governments jurisdiction that bitcoin is valued at 100000 whether you believe it or not.

Mining bitcoin with the excess power and then subsidizing the cost to generate power could work too.