My only concern for #Bitcoin is chip manufacturing. If that gets trapped in normieville under CBDCs how in the fuck are we going to maintain network security?
Discussion
That’s good food for thought. My first guess would be that the superpower that continues pushing hashrate will make a ton of money exporting chips, much like exporting weapons now makes hella money.
What’s your idea?
I'm not sure - it strikes me as our greatest weak spot. Chip manufacturing isn't globally widespread, just look at the problems the US is having trying to bring the ability and skills needed back home - Taiwan is the global leader...if there's war, or trade blockades...
Ideally we'd be able to decentralise the skills and capacity to manafacture chips, but for now, perhaps, stockpiling would be wiser.
In the spirit of decentralization I vote for stockpiling and working on decentralizing manufacturing. I never dug into this rabbit hole. Thanks for the pointer.
There would need to be incredible incentive for chip manufacturers to NOT go whole-hog profit. As long as they do that, they'll just follow the market.
I'm more concerned that, to exist and survive in the CBDC hellscape, existing manafacturers would be willing to submit and stop producing/shipping chips we need for ASICS
Well it wouldn't stop existing ASICs from continuing to do their thing. And there would be nation-states mining at that point.
More immediate problem to me is China invading Taiwan.
So .. does a chip manufacturing company arise, that aligns with bitcoin and holds bitcoin (somewhat like a MicroStrategy of chip manufacturing), or do we hope that chip manufacturing companies will still sell to bitcoin ASIC builders, etc? .. I would argue that the former may be closer than we think 🤙🏼
I hope so, though it's an extremely complex industry and not the easiest to transport or replicate
I am optimistic enough to hypothesise that like El Salvador and other places who decided to do their own thing that there will also be creative solutions to these problems. Provided of course the world doesn’t go Mad Max on us…
(Me on hopium 😂)
I'm hoping you're right - we still have time, but not much