I heard recently, true or not, that it takes as much electricity for one bitcoin transaction, as the average household uses in 6 months.

As a medium, money is more like blood than water. In that it has to be backed by something, whether presumed intrinsic value, as with gold, or supposedly bitcoin, then it is the good faith of the issuer. Presumably this is limited by the reach and power of that issuer.

So either it works within a national framework, or it has to be some form of empire. "Coin of the realm."

Which is why the United States has to assume the world is its empire, if it is going to presume to issue a global currency.

Efforts to enforce that dictate, such as sanctions, are creating negative feedback, since the US lacks sufficient enforcement, pushing the rest of the world to other systems.

It might be politics all the way down, but it's economics all the way up.

Bitcoin is just a natural offshoot of the birth of the computer age.

Information is only value to the extent of the energy it controls/defines.

https://medium.com/counterarts/why-the-feedback-loops-need-circuit-breakers-531d1ab0fe0f