Archon_Warslut

u/Archon_Warslut@lemmy.world
159 posts · 302 comments

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theyre not the ones being billed for it; dont worry what they think. ai spending is in enterprise situations. mostly coding/tech companies and finance companies, and well lots of companies. the big payers though are coders and finance. there isnt really anything to not trust. it codes and answers questions and picks stocks. nobody's hooked it up to skynet. nobody's built skynet. the billionaires borrowed more money than they can afford unless their ai models win long term. i think theyre in a semi-humbled moment.

one time it was some kind of holiday from normal trading, but bitcoin was going, and it was the one time i thought about betting on bitcoin instead of against it. and what i instantly realized was; this has no fundamentals; only technicals. but you cant trade with just pure techincals; its bullshit. so its bullshit. and then i realized that the fundamentals were: it wastes money. it has to be plugged into an electric socket, and it doesnt make money. it wastes money; fundamentally. it has no future; it cannot. worlds biggest scam probably; and for years now youve been having every criminal q&a person from teh darkworld basically admitting theyre favorite easiest bread n butter scam is wallet draining.

i think that in about a second, youre going to have a lot of screaming homeless people who are not used to being homeless people. people who a second ago had their savings in bitcoin.

i think the psychological impact of this is underestimated.

i was talking to ai about it; ai was like institutions and the economy have already priced it in already and dont give a fuck if another us economy gets vaporized on paper.

i think the pyschological impact of seeing a lot of young stupid people go homeless willbe interesting; it will imply low consumer confidence.

i could give you a mental picture of it. broad daylight, youre going through a nice big public trashcan. lots of respectable people walking by, but youre just going through the trash. also, youre ranting about hella shit. real loud. all kinds of crazy like. and youre real hungry. and ho! theres brownies!!!! mmmm tasty brownies!!! someone left you a brownies in the trash!!!! ump-ump, yummmm..... ummm wai-SPLACHOOOOOOOOOOOOOO AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAARRRRRRRRRRRRRRRRRRRGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGHHHHHHHHHHHHH

and then, i was so mad, that i said things out loud that i swore i would never say out loud