in his worldwide bestseller "Sapiens - A brief history of humankind" (which is a great book, that I can deeply recommend, even for historians) Harari explains why our ability to cooperate with strangers to build kingdoms and other large entities was an important driving force of history. shared beliefs (or intersubjective truths) like religions and money were the tools humans used to cooperate. progress was happening but was relatively slow. then came the invention of limited corporations (yet another shared belief/intersubjective truth) a few hundred years ago. since then we treat limited corporations as legal entities that can be sued and held liable for their actions/products. (before that the liability was always on the founder/owner and that crippled any progress for millennia.) Harari argues that it was the invention of limited companies that brought all the economic progress of the last couple of hundred years. he writes it was capitalism via limited companies, technology and science that were the main driving forces.

bitcoin is on its way to deliver another big leap forward: since the invention of the bitcoin consensus algorithm there now exists an entity that not only nobody is liable for, but nobody owns and controls it. and this algorithm is the first entity in history that you as an individual or through a company can sell energy for money directly to it. no permission needed, no license, and it does not matter from where or how you do it: if you deliver energy towards the consensus algorithm, it will pay you money and it cannot and will never cheat or behave unexpectedly. it is globally automated energy-for-money trading that anyone can participate.   on a global scale, 24/7, all year long the algo will pay everyone that delivers energy.

the energy sector will transform towards much greater efficiency, energy can be converted directly to money.

this is big.