@vgr

DRAM prices are the ZIRP of this decade. The entire future currently seems to hinge on when DRAM prices will come back down and supply become unconstrained Weirdly specific bottleneck. The fates of a lot of highly overleveraged capital, weird debt formations, big datacenter plans, lots of companies, the geopolitics of sovereign AI, even the fates of the Ukraine and Iran wars, etc could go one way or another depending on whether the full supply correction happens in 3 years or 6. You could say, just like your entire 2010s personality was a function of low interest rates, your 2025-35 personality is being determined by high dram prices, one way or another. Very philosophical and poetic interpretation. We’re figuratively memory constrained as a planetary civilization. Our entire world is caught in a figurative Von Neumann bottleneck. Civilization at the speed of memory increase.

2 replies

0 recast

5 reactions