Divorce: the most successful wrench attack

OK. So someone explain it to me like I'm 5.

The big tech companies have been holding the US stock market up for years now.

They are all heavily investing in AI and their value is based on expectations of huge breakthroughs which will enrich the lives for everyone.

Some people say it's all hype, hopes snd dreams and when people figure that out everything comes crashing down. That's easy to understand.

But what if these rich dudes like Zuckerburg and Altman and the others are right? They make a machine that can do things better and faster than humans. No need to keep paying the workers anymore. Great. Mission accomplished.

How do they turn a profit at that point? If people are out of work, who is going to buy the output of the AI? Other rich dudes who already have their own AI? Governments? Is so, where do they get the money? We all know printing it isn't going to work, and if it's just going to taxes and then backto the companies, I don't understand the point. Where is the money supposed to come from?

It just doesn't make sense to me.

Give me the straight dope here. Teach me something.

Presented without comments

Most won’t learn their lesson from yesterday. They’ll continue to degen into scamcoins, NFTs, meme stocks. They’ll go leverage long. They won’t save in Bitcoin or focus on their craft.

But some will.

Spam? Knot on my node.

Question to my flat earthers, what is your argument as to why there are time zones and why when it’s day time in Japan it’s night time in Mexico?

Controversial opinion: I think I'd much rather have a bloated UTXO set on my computer than any amount of child abuse jpegs.

Why are we all acting like op return spam is just going to be a bunch of silly monkeys, seems like it could very easily be stuff far more offensive and damaging. Try telling people they just have to download and store a few CP jpegs on their computer to be a fully sovereign bitcoiner, see how well that goes over.

Who knows where your bitcoin is?

It is a refreshing perspective to consider, when my beliefs have caused much animosity and resentment:

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a suggests that the introduction and need for speed in the settlement layer of domestic and international transactions not satisfied by the properties of gold, was the main incentive for policymakers and central bankers to issue more paper claims for gold in relation to actual gold held in reserves.

It was the evolution of technology in the global financial system, or lack thereof, that incentivized what we today call money printing, not greed or evil.

When I understood her point, my heart started to heal from the correlated anger and frustration for cental planners.

Sure, they are to blame for misusing the system to their advantage, however not for the ability to misuse it.

#economy #USDebt #bitcoin

Supremely bored by bitcoin Twitter's book recommendations. It's always the same thing – Hayek, Mises, Rothbard, Ayn Rand, that sovereign individual, yawn, yawn, yawn.

I want books that make me think, not books that reinforce what I already know. Give me niche post-structuralists, anarchists and revolutionaries. Give me poets and weirdos and outcasts, not CIA funded neocon thinkbois. Escape the echo chamber, anon.