When it comes to learning on the internet (including, as wedrifid mentions, reading Graham's essays, but excluding e.g. porn and celebrity gossip), I'd say It's a lot less harmful and risky than being drunk, and probably helpful in a lot of ways. It's certainly not making huge strides toward accomplishing your life's goals, but it seems like a stretch to compare it to getting drunk.
I think PG's analogy referred to addictiveness, not harmfulness.
You all know the rules: