“Bitcoin flushed down with global liquidity (3 month lag). Next up is global liquidity spike, rate cuts, QE and Bitcoin exploding. Patience.”
— Quinten Francois on X
Quote of the Week
“While I can’t predict the future with certainty, my intuition is that a single dominant Reusable Proof-of-Work (RPoW) network will emerge as the primary standard—much like how TCP/IP became the universal protocol for data transport. While other RPoW networks may exist for niche or localized applications, they are unlikely to offer the same level of utility or security on a global scale.
In RPoW, network size directly translates to security. The greater the computational power and energy expenditure required to maintain the network, the more expensive it becomes to attack or manipulate—making it inherently more secure. This creates a strong incentive for users to converge on the most physically costly and secure network. As adoption increases, a reinforcing cycle ensues: the dominant network grows even larger and more computationally powerful, while smaller alternatives struggle to compete due to their comparatively weaker security and lower utility.
This consolidation of all RPOW applications into one RPOW network isn’t just a matter of efficiency or convenience—it’s a strategic necessity. In a competitive environment, all rational actors will gravitate toward the network that provides the highest level of security for their information, assets, and financial transactions. The most resilient RPoW network will be the one that imposes the greatest physical cost on potential adversaries, ensuring that it remains the preferred choice for global-scale usage.
In SOFTWAR, I describe this dynamic as “Mutually Assured Preservation.” The largest nation-state rivals (e.g. NATO vs BRICS) must inevitably adopt the same network, and the computational power and energy they each contribute to it will have the counterintuitive effect of reinforcing their adversary’s security as well. The cost of attacking either side increases to such an extent that they become “frenemies,” each strengthening the security of the other’s interests on the same network.”
— Jason Lowery on X
Podcasts of the Week
Fort Knox Is Empty, Bitcoin Is the Reserve
In this episode of The Last Trade, hosts Jackson Mikalic, Michael Tanguma, Brian Cubellis, and Tim Kotzman discuss auditing Fort Knox, political game theory, memecoin meltdowns, accelerating bitcoin education, leafrogging gold as a SoV, & more!
How Bitcoin Could Solve the Global Pension Crisis with Strive CEO Matt Cole
In this episode of Scarce Assets, we’re jo
ined by Matt Cole, CEO of Strive, to discuss the global pension crisis, bitcoin as savings tech, corporate bitcoin adoption, bitcoin as the hurdle rate, the intersection of AI and BTC, & more!
Closing Note
Onramp provides bitcoin financial services built on multi-institution custody. To learn more about our products for individuals and institutions, schedule a consultation to chat with us about your situation and needs.
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Until next week,
Brian Cubellis
