

There’s no particular reason they couldn’t. Even a simple dirty bomb detonated in a high population area could wreak havoc – and any country with centrifuges can basically make one of those in no time.
Basically every sovereign state now has a very clear risk calculation supporting the development of nuclear arms and for ignoring all the UN’s attempts for international cooperation / non-proliferation. Iran was compliant, from all accounts, with the vast majority of requirements that had been set out for it – something that Israel’s nuclear program is seemingly not required to adhere to (it’s still “unofficial” that they have between 90 and 400 functional warheads).
Opening yourselves to international inspectors just gives the USA a very clear target list + floor plans. Further, not having a nuclear option means the USA will potentially attack you. Even if rules of engagement say they shouldn’t attack civilian power plant infrastructure, the USA, Israel and Russia do it without hesitation. North Korea, China, and Russia have shown that having a nuclear deterrent will keep the USA away. It’ll even make the USA suck up to you / praise you, and let you attack/invade your neighbours without the USA taking action.
What Trump and the States have done, in my view, essentially translates to destroying any semblance of international cooperation between nations (cause why bother trying to appease the EU, if the USA is gonna ignore international norms and bomb whoever they want anyway), and has made it so that every nation should now pursue weapons of mass destruction as a “deterrent”, which will no doubt lead to catastrophe in time. But there aren’t really many ways I can see it playing out otherwise.
Like that 5% NATO military spending… should prolly be every NATO country building a nuclear / WMD program of their own, unbeholden to US constraints, “just in case”.
It’s hilarious in a way that Thiel, one of the billionaires who triggered a liquidity crisis that sunk SVB, is off proposing to fill the gap that he created. It’s also entirely fitting with the conspiracy theory of the tech bro fascists wanting complete autonomy to setup electronic fiefdoms.
I don’t really get how this would work though, in more practical terms – as a lot of the crypto stuff is just antithetical to the banking industry. Like even the whole schpiel the crypto bros often go on about how you can send money quick from wallet to wallet, with the old “OMG we did it! How can banks be so stupid and slow!”. It’s largely due to regulation. Like anti-money laundering regulation, where countries don’t want citizens funding things like foreign terrorist groups with untrackable/unblockable wallet to wallet money transfers, so they tell banks they gotta scrutinize every transaction quite a bit, under threat of hefty fines – and where the govt can overtly tell banks to block payments to unfriendly countries (eg. Iran).
Meh, it’s clear they won’t care about the fundamentals at all, nor do they care to understand how the industry works. They’ll likely use the bank to undercut existing players, while propping it up by manipulating the stock / piling in their billions. The regulation comment is a misdirect, alot like claims of wanting to be regulated were a misdirect back with FTX – these guys are far more likely to aggressively lobby for / pay the republicans to dismantle regulations in their favour, changing the landscape to their personal benefit. After the competition starts crumbling / they start moving towards a monopoly, they’ll either turn it into a regular bank in terms of service (but under their control of course), or they’ll intentionally tank it to gobble up whatever reserve/insurance funds exist, shifting that wealth into the billionaire’s pockets too, and leaving people with few options other than “under the mattress” for their savings. That’d make people almost entirely dependant on maintaining a regular working income, completing the tech bro fascist wet dream of having indentured slaves that can’t push back against any of their bullshit.