this post was submitted on 06 Jul 2023
12 points (92.9% liked)
Monero
1663 readers
29 users here now
This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
@monerobull @monero
There are three kinds of lies.
Lies, damn lies, and statistics.
What will your ego chart mean when our time of enjoying the global reserve currency comes to an end, and China takes back taiwan? Or when the BRICS alliance becomes the dominant economic force in the world, and the dollar experiences hyperinflation as all the stored dollars in South America and Africa come rushing back Stateside?
Youre a Roman standing on Hadrians Wall thinking the Empire will last forever.
The post WW1 growth/debt economy is headed toward a cliff along with your charts.
Alright, if your expected scenario is that bleak, sure, we should try our best to keep the chain as storage efficient as possible but even if Taiwan and China stop supplying SSDs there are still quite a few manufacturers outside of those two countries and your bigger concern should be regarding CPU / other components.
@monerobull @monero
Fair enough.
My concern is the tendency to build freedom preserving technology in a way that presumes the economic bubble of the last 70 years will continue. Especially considering the geo-political state of the world, and the patterns of history.
And I am not sure that it will be a sudden and rapid collapse. In fact I doubt it.
But things are changing, and the economy we have enjoyed due to a post WW2 bubble, is ending. And we dont produce enough of our own stuff. We need to be wise. If i see a production chain from material supply, to end product, that has resilience to shifting geopolitics, Ill ease up on resource efficiency.
yeah that would be cool.
i love it so much when americans think the usa is the only country and the usd is the only currency in the world