Cool article, with a lot of truths, thanks for posting.

Another avenue I would invite you to explore, is the connection between energy and economy, and the effect of Bitcoin on that.

That we always labored to dig our energy from Earth, to make profit from that, by selling discrete packets of it to one another, things made from firsthand sunlight, like pieces of gold and barrels of oil, we created accounts with static numbers to represent those, as “capital”.

Thus we always operated on frozen, secondhand sunlight, selling it to one another to make profit.

That is the fundamental activity of profit, then we found ways to make promises on that, to make more profit, committing to extract and process more secondhand energy in the future (debt).

So now, after thousands of years of that, all humans have debt representing thousands of years of extracting and processing secondhand energy from Earth, an energy deficit to our planet, calling it a financial debt to one another.

Bitcoin comes along and offers us an obvious route to profit, by spending labour of energy generated from processing secondhand energy (electricity), as above, on computing the sums to solve the riddles to create each bitcoin.

As the sums get harder, the case to make profit gets ever more difficult, forcing all miners to seek the cheapest form of energy to continue doing it at profit.

It soon becomes apparent that firsthand sunlight is the only kind of energy which comes absolutely free, so offering the best line to profit, the line of least resistance.

So, now the energy you mention capable of powering a country or even several countries, is being put to use computing Bitcoin.

Bitcoin itself, and the drive to profit from it is the sole reason that solar energy production capacity was created.

So each Bitcoin is actually worth its face value, in capital stated in terms of secondhand energy processing, plus an amount of real time solar power capacity, quantifiable in joules per second.

The capital part represents a static amount, whereas the energy capacity part represents a time dependent amount of wealth which accumulates with time.

So in time, the energy part tends to infinity, with the result that the value of the bitcoin becomes only the energy part.

There, is the mathematical proof of the end of capitalism, and it was done by the capitalist drive to profit from Bitcoin.

The future is free money-as-sunlight, which eliminates all scarcity, and thus all possibility of profit, and all advantage of capital.

That, is the real value of Bitcoin, I would say, despite the claimed purpose of its design, to enforce scarcity, the effect of it is the exact opposite, and that is a very good thing, surely.