He explains how using proof-of-work to project physical power in cyberspace we can unlock an entirely new paradigm of peaceful warfare deemed soft war.

He also explains that proof-of-work is the only way to actually secure and defend bits of information in cyberspace. As it stands now, no amount of logic you apply to cybersecurity system will allow you to secure a piece of software from attackers. You must be able to project physical power in the form of watts that make it prohibitively expensive for an attacker to succeed to actually achieve a secure network. This extends beyond bitcoin as money to any bits of information.

He explains how bitcoin is the beginning of a strangler pattern and that the traditional finance system is just the first piece of "software" being ported to this new cybersecurity paradigm and will be used to finance the transition of all the other technologies to this new cybersecurity paradigm.

It's really profound stuff and anyone disparaging it should not be taken seriously in my opinion.