Part 10/16:
Historical Perspective: Proof of Work and Energy
Drawing from economic history, the host highlighted the proof of work model—gold being the classic example—rooted in energy expenditure. Bitcoin, as a proof of work system, derives its value from electricity consumption, linking monetary sovereignty to energy-based effort.
This analogy underscores a fundamental point: money is backed by energy expenditure, and in modern geopolitics, control over energy and semiconductors is akin to controlling the currency and war capacity.