they invested trillions into ai and it has done less than nothing so far. it cannot make anything new, it is just an idea blending calculator that causes unemployment number go up and bitcoin number go down
i hate it!
this bear market is tougher than 2022
2022 saw terrible price action caused by that jew SBF and bitcoin yield pump and dump scammers
2026 is like a never ending AI horror movie repleat with an dumptober rape scene
bitcoin 500k this cycle
P.W.🟧 retweeted
If I were the Financial Industrial Complex (FIC), and my objective was to maximise portfolio value for asset managers like BlackRock, Vanguard and State Street, here’s the strategy I’d consider.
1. FIC — The custody model
Launch Bitcoin ETFs, finance Bitcoin treasury companies and encourage the migration of Bitcoin from self-custody into institutional custody.
2. Military Industrial Complex (MIC) — The covert operations model
Use intelligence and cyber capabilities to conduct or exploit covert operations, creating uncertainty around the security of self-custody and exchanges outside FIC control.
3. Technical Industrial Complex (TIC) — The revenue model
Supply the AI, software and cybersecurity infrastructure used by both attackers and defenders.
Fuel an AI-driven cybersecurity arms race where every new attack creates demand for more expensive defences.
4. FIC — The endgame
Use the growing fear of hacks to promote institutional custody as the safer alternative.
More cybersecurity spending for TIC.
More security budgets for MIC.
More Bitcoin under institutional custody for FIC.
The attack creates the fear.
The defence generates the revenue.
The custody concentrates the control.
That’s how the incentives could align.
It doesn’t establish who conducted any particular hack or prove these institutions are coordinating them.
But it’s a useful framework for asking who benefits.
Follow the money.
Follow the custody.
Follow the control.
Protect Simon Dixon at all costs.
Remember.
If Binance absorbs the losses from this hack, as it has committed to doing, the financial damage could largely remain with one company.
That’s fundamentally different from the contagion we saw with Celsius, FTX, BlockFi, 3AC, Gemini Earn, Genesis, Terra LUNA and others.
Those failures spread through interconnected lending, leverage and counterparty exposures.
A company taking the hit itself is very different from passing losses through the entire system.
That’s why the real test isn’t just the size of the hack.
It’s whether Binance can honour all customer liabilities, restore withdrawals and absorb the losses without spreading them to others.
So far, that’s the direction they’re signalling.
But we still need to see the proof, which they have committed to providing.
On the wider geopolitical point.
I always look at the incentives.
The potential incentives for MIC-linked intelligence agencies to conduct or exploit hacks include:
Weakening independent financial infrastructure.
Forcing companies into greater dependence on the FIC.
Creating pressure for increased surveillance, regulation and centralised custody.
Gaining access to financial intelligence and sensitive customer data.
Disrupting financial networks used by geopolitical adversaries.
Creating opportunities for financial assets and infrastructure to be acquired or controlled by FIC institutions.
Binance had already been forced to accept U.S. government-appointed independent compliance monitors as part of its $4.3 billion settlement over money-laundering and sanctions violations.
The settlement included a five-year U.S. Treasury monitorship, giving an independent monitor access to Binance’s books, records, systems, transactions and accounts.
The DOJ also imposed a separate three-year compliance monitorship.
CZ was forced to step down as CEO and later received a presidential pardon.
Israel has also requested that Binance freeze funds connected to Palestinians and others, as part of its financial genocide.
Think about what that means for the sovereignty of a global financial company.
This is how I analyse the increasing subordination of financial infrastructure to the FIC.
None of these incentives proves who carried out this hack.
But I always follow the incentives, not just the headlines.
Oh yeah.
🇮🇱 Every hack is always North Korea. 😂