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Unfortunately I think you are right, this is kinda Capitalist Realism but applied for imperialism: it's easier to imagine the end of the world than to imagine t
by gchamonlive 2mo ago
Unfortunately I think you are right, this is kinda Capitalist Realism but applied for imperialism: it's easier to imagine the end of the world than to imagine that the US (or any regional power for that matter) to cooperate with their neighbors.
I think this applies however only to the US. It's possible that Europe, India, Brazil and other powers to form a infrastructure chain around US to make financial cooperation easier between international economical partners.
- inigyou 2mo agoIt's not even about capitalism. You're asking Bitcoin, Ethereum and Monero to cooperate. What do the technical details of that cooperation actually look like?
- gchamonlive 2mo agoI disagree, they don't cooperate just because they operate immersed in competition. Take out competition for instance by state sponsored cooperation treaties and see the technical limitations dissolve by creating the right incentives.
- inigyou 2mo agoSo what's your plan to merge Bitcoin, Monero and Ethereum into a single currency?
- gchamonlive 2mo agoI don't need to have this plan to study the VC incentive structure that powers their market competition and is responsible for the market fracture. I might even be wrong in my assessment, but not because I lack this hypothetical plan you are asking.
- inigyou 2mo agoIf other people are telling you that it's technically impossible and you can't even come up with a sketch of a technical design that works, that is a clue that it may be technically impossible. No country will intentionally make its economy completely reliant on another country unless things are completely in the shitter (like Zimbabwe switching to US$). Even Visa/MC are a problem in Europe and they only act at the highest layers of the stack - there are plenty of ways to transfer money without relying on Visa/MC but cutting them off would already be a huge disruption.
- gchamonlive 2mo agoNot sure why we sidetracked to crypto, it's not relevant for the discussion. They wouldn't be suitable for such global payment systems even if they were unified, given their volatility.