Military equipment will be bought at whatever price. It’s a non-negotiable spend for any regime. That’s why North Korea spends 25%+ of its GDP on the military.So it’s not totally crazy to reboot manufacturing with a military-first approach. It may work over the very long run. The issue is that those armaments need to be price-competitive abroad to win any war of attrition abroad.For example, if their drones cost $2000 and your missiles cost $2M, that can only be sustained so long as the money printer keeps ...

If your manufacturing is not price-competitive abroad, your military is not price-competitive abroad.Because the wartime economy is just a subset of the peacetime economy. You can only turn plowshares into swords if you’re cranking out plowshares at low cost and high quality. ...

Here's an article version.https://t.co/VQuXHyIgVJ https://t.co/1sGVNUI8JJ ...

Core Argument - The report posits that nearly all valuable assets will eventually be secured onchain using blockchain technology [8] - This transition is driven by the superior security of blockchains compared to traditional systems, as evidenced by frequent hacks of entities like the Pentagon [9] - The shift towards onchain security will enable a code-based global economic system, offering universal access to advanced monetary policies and contractual fairness [10] Key Enablers - The existence of trillions of dollars worth of digital gold, such as Bitcoin, already secured onchain demonstrates the feasibility of this concept [1] - The potential legalization of stablecoins paves the way for tokenizing and securing various financial assets like stocks and bonds onchain [2] - Onchain smart locks can secure physical assets like doors, cars, and capital equipment, extending blockchain's reach beyond digital assets [3][4][5] Scope and Limitations - The scope includes financial assets, capital equipment (cranes, drones), and electronically controlled devices (robots, self-driving cars) [5][6] - The exceptions are tangible goods like food and clothing, which constitute a negligible fraction of global value [7]

Venona proved there really was a communist conspiracy to infiltrate the US government.Though even that is an understatement, as there were bidirectional sympathies between the progressives in America and the communists in Russia.https://t.co/h2YJmVunJQ https://t.co/zQ6WXWisxP ...

This flipped within our lifetimes.Before 2016, it was considered paranoid right-wing extremism (albeit true; see Venona) to claim that Russian spies had infiltrated the US government.After 2016, it became mainstream conventional wisdom (albeit false; see Russiagate) to claim that Russian spies had infiltrated the US government.The reason is that for much of the 20th century Russia was on the communist left. But by 2016, Russia was now on the nationalist right.So, the idea of a Russian conspiracy was not use ...

The public sector is the platform.The private sector is the apps on that platform. ...

New podcast on the Bitcoin Network State.Bitcoin Archive (@BTC_Archive):BALAJI: BITCOIN AND THE NETWORK STATEI talk to Balaji Srinivasan the former Coinbase CTO, and ex-Andreessen Horowitz VC about:- Rise of Bitcoin- The Network State- America's Decline- China & India---------------------------------------Connect with Balaji:X: @balajis https://t.co/6gGQbOrhkC ...

Privacy is not a crime.Free Roman Storm!https://t.co/0IfNesOpSm https://t.co/S1RXX0gWNVHaseeb ＞|＜ (@hosseeb):Dragonfly invested into PepperSec, Inc., the developers of Tornado Cash, in August of 2020. We made this investment because we believe in the importance of open-source privacy-preserving technology. Prior to our investment, we obtained an outside legal opinion that confirmed that ...

RT Haseeb ＞|＜ (@hosseeb)Dragonfly invested into PepperSec, Inc., the developers of Tornado Cash, in August of 2020. We made this investment because we believe in the importance of open-source privacy-preserving technology. Prior to our investment, we obtained an outside legal opinion that confirmed that Tornado Cash as built complied with the law, under the guidance given by FinCEN in 2019.The government has now stated in open court that they are contemplating charges against Dragonfly for having invested i ...