Oddbean new post about | logout
 "You can't print missiles"

Fuentes is very very close to the true reason why Bitcoin was written and its super power.

If you can't print money, you can't print missiles.

IF it is true that the stockpiles are running low all over the west (it is) then this means that they have to selectively use the weapons remaining to achieve short term goals. IF they wait to attack Iran, this gives Iran time to arm and become a threat.

This is the calculation they're making.

Russia has won, and cannot be defeated or even realistically challenged. So the calculus is to retreat from confrontation with Russia, saving face if possible, and then using the last of the weaponry on Iran, before a restocking exercise worth hundreds of billions in contracts is agreed.

All of this goes away if Bitcoin suddenly becomes the money of the entire world.

It will mean all inter State competition on Earth will be for Bitcoin and the people who can understand how it works under the hood.

There can no longer be steal taxes of inflation, and lying about what inflation is will not help; fiat is dead.

All of this is within grasp, and more and more people are waking up to it.

Iran, if it wanted to be really clever would totally abandon all nuclear development and wait for the dollar system to collapse. In fact, they should contribute to its collapse by adopting Bitcoin.

Now that would be REALLY clever.

Thankfully under President Trump, America is turning pro Bitcoin and will pinch off any possibility of other countries dominating in it.

All he has to do is allow the Constitution to do its work

https://medium.com/swlh/why-america-cant-regulate-bitcoin-8c77cee8d794

And then America's enemies will fall because the dollar system has collapsed and they will have no means of exchange other than with Bitcoin...which they don't have and can't generate in the short term.

SUPER INTERESTING!

https://x.com/SamParkerSenate/status/1813078436577178053 
 Bitcoin is the ultimate checkmate. But Iran probably learned the Ukraine lesson - never never never drop your nuclear shield. I'd bet a bunch of new states have started nuclear programs since the Ukraine thing started.