Physical geography is a liabilityPhysical geography is a liability

I’ve been thinking about the resource curse of Venezuela

The problem with commodities like oil is that they are prisoners of geography, if a nation sits on the larrgest deposits in the world, they don't own an asset, they own a political risk

You become a sitting duck, that black stuff is physically stuck in your soil, it creates a target that screams come and take me

Its only a matter of time before a larger power decides to step in and redistribute it

If a superpower wants it, they just have to move their military to your border, the cost of extraction is violence

Unmined Bitcoin changes the physics of conflictUnmined Bitcoin changes the physics of conflict

No nation can annex the remaining supply because you cannot send an army to seize the next block, you can only seize it by obeying the difficulty adjustment and the halving schedule, you can’t cheat the network with a standing army

But isn't mined Bitcoin held in reserves just digital oil?But isn't mined Bitcoin held in reserves just digital oil?

If a hostile nation puts a gun to the head of your digital treasury, the political $5 wrench attack, they get the private keys

This is where the architecture of security mattersThis is where the architecture of security matters

Oil is static, Bitcoin is programmable, Nation states won't just hold keys in a single vault, they will enter multi nation multisig pacts, a NATOsats if you will, where allies hold keys for one another

To steal the funds, an aggressor wouldn't just need to invade, they would have to simultaneously invade your five closest allies to gather the keys

Does this trade sovereignty for governance?Does this trade sovereignty for governance?

Now i'm thinking this sounds like an etherification bullshit governance, but unlike oil, there are choices

With oil, you are a slave to geology, if the resource is there, the target is on your back,
with Bitcoin, you are the master of the keys, you decide where the value lives, who secures it, and how it moves

One leads to inevitable war, the other leads to a strategic defense*

*now i'm sounding like Lowery 🤣

what made me think of this is, is that the power of the network is the distributed nodes and the unmined Bitcoin is protected by the issuance schedule beautifully designed by Satoshi but once the corn is out the ground so to speak, there is only your sovereignity to protect it, which is the way it should be right? but the more I philosophize over it, the more unclear it is to me