• 2 Posts
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Joined 11 months ago
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Cake day: January 8th, 2024

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  • Thanks for pointing that out. I am definitely not saying that poor people should not have access to flat screen TVs and phones, etc. Because, especially with computing hardware, those kinds of things can very easily lift somebody out of poverty due to greater access to information and opportunities. However, I often see people struggling to afford basic necessities, and yet they have the newest iPhone every year or every other year, which is incredibly financially irresponsible.



  • The settlement time. Gold and silver don’t work well as currency if you need to settle over long distances quickly. So like I cannot send Amazon and ounce of silver to buy a product easily. But I can send them Monero with a few clicks of my keyboard. Almost instantaneously. Lynn Alden, who is an economist, basically says that the invention of the telegraph broke gold and silver as money, because transactions could happen at the speed of light, but settlement could still take weeks, especially if, say, the United States was paying, I don’t know, the UK or something.