@theswansjr It costs to produce the energy to encode bitcoin. You can’t get that energy back out of it. That energy and compute will be directed towards productive uses.
@AimenDean@gummibear737 I think he wants a deal until the military can cook a cheaper answer to drone tech. He can cut a bad deal now then come back when he is in a better position to use force all while increasing the risk profile of gulf oil and fertilizer driving demand to US producers.
@TMTLongShort I’m not in finance but the only rational I can think of that bitcoin isn’t going to zero is there are dumb people out there that will buy it. It consumes a lot of electricity and is of no use that couldn’t be replaced by a less compute intensive digital currency.
The first thing the new CEO of Apple should do is make it so you can right click on a .HEIC photo from your phone and covert it to jpg without opening any other programs.
Agree w/ 1. US becomes de facto head of opec.
Agree w/ 2: EU clutches pearls as US forces Russia back into US EU sphere and leverages Ukraine to accept territory loss. Result will be Russia will be less reliant on China.
Not sure about 3: I think US will leverage NATO partner fumbling to get something it wants (Greenland) and keep the party going while putting more pressure on them to do heavy lifting. EU still won’t trust Russia or US so they comply. It may break up naturally from internal disagreements that emerge.
4 will be hinted at, but only because being under the US security umbrella will be much more conditional and transactional.
5. Yes. China will try to get what it wants with carrots rather than sticks. This will be good and stabilizing for the world depending on how patient and successful they are. My guess is Trump doesn’t care as long as TSMC finishes its packaging factories in AZ.
When understanding the behavior of organizations, I like the concept of institutionalization. It says that on a long enough timeline, the primary goal of any organization shifts from what it was created for, to existing for the benefit of the people in charge of the group. It explains literally everything that has happened and will happen in history.
Seems bigger than just decoupling. If he succeeds in Iran and ends up in control of the oil, he will be the de facto head of opec. The situation where China gets the cheapest oil and America has the most expensive is then inverted. I previously believed the tariffs were simply a shock to China to force them to raise prices to make the ROW able to compete. I now think his aim is a fundamental restructuring that results in American manufacturing as being the dominant force that others are not able to compete with.
Good Friday reminds us of Jesus Christ’s sacrifice. May this day further deepen the values of harmony, compassion and forgiveness. May brotherhood and hope guide us all.
I think he wants the world to beg him to open it. People aren’t concerned because they know he has to, but he is going to have to do unpopular things to get it done. No one wants to live in a world where any country with a coast line and a 30k drone can exact a fee on naval transit.
@CRUDEOIL231 This is correct and under a US withdrawal scenario every other country with a coast and $30k drones can try to exact a similar toll. Best I can tell is Iran’s options at this point are de- arm, or de-civilize.
Deterrence would be a complete disarmament. Iran has demonstrated that under any ceasefire, they would resume weapons manufacturing and would be back to making missles, drones and nukes and working on a retaliation to the US, including on Trump personally. Trump’s only option is to follow through bombing them into the Stone Age after he removes their ability to retaliate.
I think he wants the world to beg him to open it. People aren’t concerned because they know he has to, but he is going to have to do unpopular things to get it done. No one wants to live in a world where any country with a coast line and a 30k drone can exact a fee on naval transit.