Part 11/17:
This could disrupt institutions like Western Union, which charge exorbitant fees, especially for the world's poorest. The speaker points out the absurdity of banking delays and convoluted international transfers, contrasting them with Bitcoin's promise of instant, borderless, trustless transactions.
The Societal and Structural Impacts
Bitcoin's technology enables a radical rethinking of societal organizations. It lowers transaction and organizational overheads, allowing large groups to coordinate efficiently without traditional infrastructure.