Part 9/15:
While he cautions against conflating energy backing with Bitcoin's core function as money, he recognizes that Bitcoin's energy consumption and its impact on grids could serve as a catalyst for technological evolution and energy sector reforms.
Political and Societal Implications
Yakes discusses how Bitcoin's decentralization challenges the traditional government and corporate power structures. He reflects on libertarian ideals—that voluntary associations and localized decision-making could be the future—enabled by technological advancements.