"If the US does not consider stockpiling strategic Bitcoin reserves, the US could forfeit a strategically vital power projection technology lead to one of its greatest competitors and set itself back in global power dominance."
-Jason P. Lowery
Discussion
TLDR: if US doesn’t stack they are not gonna make it.
I find it funny that plebs have no trouble reading Saife's tomes but choke on Lowery whom they have never read because well the thesis cost too much or was too long.
He goes into details at a genius level.
He writes like he is trying to hard with all that word salad.
If the US doesn’t accumulate bitcoin reserves it will lose power dominance.
Adding words to make his thesis longer 😂
I find it funny that plebs have no trouble reading Saife's tomes but choke on Lowery whom they have never read because well the thesis cost too much or was too long.
He goes into details at a genius level.
I never finished Saifs book to be honest. I just don’t like Lowery’s marketing tactics or his framing or what I have read of his. I know some ppl swear by him but he isn’t my cup of tea. Long list id rather read.
Both are great writers! And you are great readers regardless of finishing their books or not!
I never finished bitcoin standard either. I already knew what bitcoin was when I started it, once I got through the whole history of money part (stuff I didn’t know) I found no use reading the bitcoin part.
Lowery’s thesis is different. He doesn’t even start from square 1. He fails to explain why nation states are going to adopt bitcoin in the first place. Nations won’t start hashing for the sake of hashing. They incentive - if they don’t believe bitcoin is good money, they won’t mine. Thus, the prerequisite for nation state mining is first having the nation itself or a heavy majority of its people adopt bitcoin. Which I’ve never heard him explain.
This is the part I agree with.
The framing of ASICs as a 2nd amendment issue is where I get off the spook train
I would posit that it goes deeper than that even. Running miners in the pursuit of life, liberty and happiness is constitutionally guaranteed.
Code is speech and 1A protected.
Adding the 2A into the mix adds new attack vectors, think bump stops and barrel lengths.
Now consider what happens of ASICs are designated munitions and restrictions placed on their manufacturing, distribution and ownership.
Consider the few countries and companies that produce the very machines that secure our networ and what global sanctions might do to their ability to operate.
The ATF overreach on bumps stocks, SBR's with pistol braces and suppressors are all being challenged and defeated in courts across the USA so I don't see that as a problem especially with the network growth in other countries.
But Jason is not wrong for bringing up that facet of our understanding of power projection. If ASIC's are perceived as being weaponized against the State, so be it. Let the powers that be try and fail to crush the signal in any way they can.
Hes attempting to open new ways to capture the network.
If there are ever restrictions on owning or operating ASICs, it's game over for decentralisation.
China already tried that and you saw how that ended. You are beating a dead horse.
Nothing, not even all the gods and devils can stop the has rate...
China banning mining in their country and the USA enacting the sanctions I'm talking about are not comparable.
Play around with that.. put in foundry’s pool HR.. then the smallest ones listed.