"You're seeing a clear shift in South America. Not just friendliness to the US, but less receptivity to Chinese ownership of local assets."

@MartyBent and @JOHN ARNOLD on the Monroe Doctrine playing out in real time, from Iceland to Brazil.

TimechainIndex just dropped interactive Bitcoin transaction flow charts.

Explore inputs, outputs, labels, and UTXO ages with live search and zoom.

Address and transaction tracer coming next.

"We should behave as if elliptic curve cryptography will eventually be broken and build new cryptographic primitives to head off that reality."

@MartyBent and @JOHN ARNOLD on the AI-breaks-Bitcoin FUD and why the right response is preparation, not panic.

Stanford cryptographer Dan Boneh: "If the labs try their best models at our basic cryptographic assumptions and the models fail to break them, that will give us tremendous confidence that our assumptions are valid."

"If you really got Iran on the ropes, got them down to last alternatives, there's a world where that optimizes for one final major kinetic push with nothing left to lose."

@JOHN ARNOLD on why celebrating prematurely is dangerous.

New Anthropic research warns that "small AI models may be months away from being capable enough to self-replicate on commercial IoT devices" like smart ovens and TV boxes.

In testing, a 9B parameter model got inference running on 8 of 9 hardware types. Researchers ran a 26B model distributed across 15 off-brand Android TV boxes bought for $55 each.

"Unlike non-AI malware, it could figure out unfamiliar devices on its own."

https://www.anthropic.com/research/self-replicating-ai

"There was going to be a moment of reckoning where the would-be middle powers were going to have to choose one side or another."

@JOHN ARNOLD on Europe being forced to pick between the US and China.

China's CPC Central Committee and State Council published a policy document on October 9 calling for a national blockchain network as part of 19 measures to develop "new quality productive forces."

The plan links blockchain to a unified computing power network, data markets, and industrial digitization, building on the state-backed BSN launched in 2020.

The cryptocurrency ban remains in place. China wants the blockchain without the freedom. Permissioned, controlled, state-run. The digital panopticon gets another layer.

https://english.www.gov.cn/policies/latestreleases/202610/09/content_WS6ac8d93ec6d00ca5f9a0d95c.html

"Their way of life, of building this building together, known as software, was now being deprecated."

Jason Calacanis on the death of coding as we know it.

"You can see where this is heading. This appears to be gaining traction and momentum, as you often see at the end of these massive debt cycles." -@JOHN ARNOLD

We discuss:
⚡ France's debt crisis
⚡ Europe turns on China
⚡ The Bitcoin security scare

"We have seen a lot of hard working Australian Bitcoin businesses being debanked only for the reason for touching this space."

Stormrake's Bisher Khudeira on Australia's debanking crisis and what's holding back the next wave of bitcoin adoption.

Every fiat currency has lost significant purchasing power since 1971.

The "best" performer, the Swiss franc, is still down 66%. The US dollar has lost 87%. Most are down 99%+.