Joe Lonsdale

There should be some other way of accessing this if you really want to. I agree. Listen, I don't want to live in a world

where we're all constantly being spammed to the average person by like stupid financial stuff that's just like we would be scammed all the time there probably should be some rules like i agree i'm not like a total libertarian on this i think it'd be really annoying but yeah but just to totally block people from participating to me that sounds crazy all right like i mean a finance college professor you know might um unless they had another job might not

where we're all constantly being spammed to the average person by like stupid financial stuff that's just like we would be scammed all the time there probably should be some rules like i agree i'm not like a total libertarian on this i think it'd be really annoying but yeah but just to totally block people from participating to me that sounds crazy all right like i mean a finance college professor you know might um unless they had another job might not

I'll see defense people down here in LA. Listen, I am very bullish Bitcoin. I love all the energy of our society around it. I agree with what you said, Dave, that there needs to be some barriers for the public taking crazy risks. And I think the risks around how he's accessing this is actually very unusual and does scare me a bit.

I'll see defense people down here in LA. Listen, I am very bullish Bitcoin. I love all the energy of our society around it. I agree with what you said, Dave, that there needs to be some barriers for the public taking crazy risks. And I think the risks around how he's accessing this is actually very unusual and does scare me a bit.

And people need to do their research and they shouldn't just throw money without studying it. It does scare me a little bit how blithely people are throwing money at this without knowing the kind of leverage he's taking, you know?

And people need to do their research and they shouldn't just throw money without studying it. It does scare me a little bit how blithely people are throwing money at this without knowing the kind of leverage he's taking, you know?

Uh, well, you know, uh, I, this, this weekend is the annual defense forum at the Reagan library room on the board. It's the biggest, biggest defensive end of the year. Everyone's coming in. I guess, I guess I'm really excited that America has like woken up and assuming we can bring back more advanced manufacturing here. I think there's enough top companies now with and roll, uh,

Uh, well, you know, uh, I, this, this weekend is the annual defense forum at the Reagan library room on the board. It's the biggest, biggest defensive end of the year. Everyone's coming in. I guess, I guess I'm really excited that America has like woken up and assuming we can bring back more advanced manufacturing here. I think there's enough top companies now with and roll, uh,

with sarana we're going to be building thousands of these vessels for the navy with ai uh with epris we're like turning things off you know 10 miles away whatever fairly far with microwave radiation it's a really cool technology coming that actually is going to make us be able to deter our enemies so if you asked me six seven years ago i was panicked we were gonna like get way behind china i'm feeling really good about it now i think and and i think i think you know just the pete hegseth pick uh you know is actually someone i'm quite bullish on from everything i'm hearing so i think things are going the right direction

with sarana we're going to be building thousands of these vessels for the navy with ai uh with epris we're like turning things off you know 10 miles away whatever fairly far with microwave radiation it's a really cool technology coming that actually is going to make us be able to deter our enemies so if you asked me six seven years ago i was panicked we were gonna like get way behind china i'm feeling really good about it now i think and and i think i think you know just the pete hegseth pick uh you know is actually someone i'm quite bullish on from everything i'm hearing so i think things are going the right direction

Warfare has fundamentally totally shifted. We're seeing some of this in Ukraine. There's all sorts of new ways you want to swarm things on the land, swarm things in the water, swarm things in the air. How do they coordinate? How do they work together? How do you manufacture enough of these things? And how do you use electronic warfare in new ways? It's basically created by this. And so

Warfare has fundamentally totally shifted. We're seeing some of this in Ukraine. There's all sorts of new ways you want to swarm things on the land, swarm things in the water, swarm things in the air. How do they coordinate? How do they work together? How do you manufacture enough of these things? And how do you use electronic warfare in new ways? It's basically created by this. And so

It's just a whole new way of doing things. And we are going that direction. Too much of the money, David, like 95% of the money is still going towards like, frankly, like wasteful legacy, like mostly things we don't need.

It's just a whole new way of doing things. And we are going that direction. Too much of the money, David, like 95% of the money is still going towards like, frankly, like wasteful legacy, like mostly things we don't need.

But enough is shifting and there's enough good people fighting. And as long as we keep just allowing open competition, allow it to say, okay, which is better and just let the best things win. As long as we keep doing that, I think it's going the right way. I'm feeling very good about it.

But enough is shifting and there's enough good people fighting. And as long as we keep just allowing open competition, allow it to say, okay, which is better and just let the best things win. As long as we keep doing that, I think it's going the right way. I'm feeling very good about it.

And is there a shift underway? It already has. I mean, it definitely already has.

And is there a shift underway? It already has. I mean, it definitely already has.

I think there's a role for carriers and force projection. I don't think we need like incrementally a ton more of them. I'm not like this crazy radical where you get rid of all this, but yeah, on the margin, I'd much rather have 10,000 more smart drones above and below the water than like an incremental carrier, right?