Part 11/15:
A core focus of Yakes’ book—and this conversation—is the properties of money. He advocates for immutability as a critical trait, arguing that it would have historically prevented many systemic failures caused by trust-based systems.
He explains that if money were truly immutable—resistant to human control and alteration—many trade-offs and cycles of inflation would have been avoided. Bitcoin embodies this property, and its adoption could fundamentally alter the relationship between society and money.