*Something crossed a red line. The previous threats were concerning but manageable. Drones with a 1,000-kilometer range can complicate regional operations. Anti-ship missiles on Su-30s create risk for naval vessels operating close to Venezuelan waters. But none of these capabilities threaten to cripple the U.S. economy or paralyze military logistics. A viable maritime denial threat does. UUVs operating in the Florida Straits and near the Panama Canal would put at risk the commercial arteries that carry half of American trade and the sea lanes that sustain military power projection. That is the kind of threat that changes posture overnight.* View quoted note →

*UUV programs are newer and far more sensitive than drone manufacturing or conventional arms transfers. Governments do not advertise capabilities designed for deniable operations. If Venezuela and its partners were developing a maritime denial capability, it would be precisely the kind of program kept out of leaked documents and diplomatic cables.* View quoted note →

*By establishing co-production on Venezuelan soil, Iran has created a sustainable forward node for asymmetric military technology in the Western Hemisphere. One that does not depend on risky transatlantic shipments that could be intercepted.* View quoted note →

*If the U.S. response to Venezuela is to arm Ukraine with sea drones, it could paralyze the Russian economy. Escalation from there is unpredictable. Both sides may now be deploying a weapon that neither can defend against, in theaters where the other’s commerce is exposed. Once the AUV genie is out of the bottle, it cannot be put back in.* View quoted note →

*The cost curve runs steeply against defense. The economics overwhelmingly favor the attacker because the defended area is vast and oceanic targets are extremely expensive. A workable sub-drone kit costs a fraction of what a tanker or a major naval vessel cost. A dual-route cable system runs on the order of hundreds of millions of dollars. The defended area is vast and the marginal cost of defending more water rises with every additional mile. The attacker chooses the time and place. While the defender has to prove the water is clean across every mile of every transit lane.* View quoted note →

*A serious administration cannot plan to solve that problem after the shooting starts. It has to be solved while the cost is still manageable.* View quoted note →

*If counternarcotics is a cover story, the next question is why the administration would need one. The most likely answer is that the real concern is harder to talk about publicly. A serious vulnerability close to home, one that requires this kind of posture to address, is not something you advertise. Saying it openly makes homeland defense look porous. It invites a public reaction that could narrow options and force escalation on a political timetable rather than a strategic one. It also tells adversaries exactly what you’re worried about and how much leverage they have.* View quoted note →

*Every once in a while, a new technology emerges that breaks the existing equilibrium. Machine guns collapsed the logic of massed infantry. U-boats shattered the assumption that surface fleets controlled the seas. Autonomous underwater vehicles belong in that category. Our entire globalized trading system rests on a basic assumption that goods can move freely across the world’s oceans. For decades, U.S. naval dominance secured the shipping lanes on which increasingly stretched supply chains depend. We offshored critical parts of our industrial base and spread key inputs across the globe, assuming they would always remain accessible. UUVs threaten to shatter that assumption. They are cheap, nearly impossible to detect, and a handful of them can shut down entire shipping lanes. They can sever undersea cables, isolating countries both digitally and physically. And there is almost nothing we can currently do to neutralize the threat at scale.* View quoted note →

*When we build an ecosystem where people can truly buy with Bitcoin... Nostr becomes more than a protocol-it becomes a working system* View quoted note →

*We are watching the engineering of a system where liberty is irrelevant compared to system efficiency* View quoted note →

*Reality is complicated. Adoption is uneven. People are people. Politics are politics. Incentives are incentives.* View quoted note →

*A lot of content creators aren’t documenting reality. They’re documenting what the algorithm and their paycheck rewards.* View quoted note →

*harmless hobby networks don’t threaten power. Systems only get uncomfortable when they: coordinate at scale onboard normies create economic gravity. Governments don’t need Nostr to fail. They just need it to stay irrelevant* View quoted note →

*one of the ways in which we can define the existence of a state is its ability to create a legal tender for use within  its jurisdiction, and that it can defend the value of that legal tender by charging tax in it, which taxes are paid* Economics is not about money

Funding the Future

Economics is not about money

Most people think that economics is about money, that government spending is constrained by tax, and that public services must always come second t...

*The difference between a tourist and a settler isn't conviction. It's tolerance for boredom.* View quoted note →

*the tourists never understand: the boring parts are the feature, not the bug* View quoted note →

*The state doesn't need you to be guilty, only vulnerable* View quoted note →

*Money and power is concentrated today, and Bitcoin must remain decentralized until power is decentralized again* View quoted note →

*Humans handle judgment. AI handles execution.* View quoted note →