Has anyone figured out that excessive liquidity destroys wealth.

Like in this old movie.


Do rich people want their shit on a blockchain.  I think not.  On the other hand people without money I am sure think crypto is the best thing since sliced bread.

UNLEASH THE KRAKEN!

What could possibly go wrong?



RE

A perfect example of why there is a global housing crisis and why Capitalism fails the fundamental obligation of a society to provide shelter for its members.

Did the AI Boom all off a sudden raise the costs of the owners of the buildings so they have to charge more?  No, once the Workers start making more money, the Owners raise the rents to extract more profit from them.  Even if you are one of the lucky ones making the Big Boom salaries, you lose the money as fast as you make it to the Rentiers.  For the people NOT making the big bucks, they're left literally out in the cold.

Until this model is destroyed, housing will remain a social crisis.  Sadly neither party has the balls to Nationalize the RE industry and build housing with the prices fixed to the cost of building it, not to a speculative market.

RE

Nice summary of the many reasons the AI Bubble will pop.

Insufficient ROI for end users.

Currently in the land rush phase, where everyone is trying out the new tool. This distorts true demand.

Pushback over: job losses, bots, hacking, scams, NIMBY, teen health, deepfakes & privacy.

Most of the investment is by 5 huge Hyperscalers whose free cash flow has turned negative.

AI adoption is harder than the promoters think.

Token prices are dropping, squeezing frontier large language model (LLM) margins.

Much of this pressure is coming from Chinese open-source models.

The Hyperscalers are tired of giving all their profits to Nvidia and other suppliers and are increasingly using their own chips.

Over half of the Hyperscalers' backlog is from 2 unprofitable LLMs.

Massive circular financing.

Increasingly turning to exotic off-balance sheet financing.

Massive depreciation is coming that will reduce Hyperscaler earnings.

Oracle is in danger of bankruptcy if there is an AI slowdown.

Investors have repeatedly sold Hyperscaler stocks after announcements about increasing AI Capex.

Future AI will need less power as efficiencies are found.

Until then, there are huge power constraints.

Commoditization of LLMs.

Very high prices for memory are making AI even more costly.

Lack of use cases to justify all the investment.

Parallels to the internet bubble and other bubbles, such as railroads.

Tokenmaxxing, which has driven usage, is now declining.

Dead Internet Theory—bots, by some measures, are now over half of internet traffic.

Blown AI budgets—many companies are scaling back after quickly running out.

Increased regulation is coming—already happening in various states and in Europe.

RE

EVERYBODY KNOWS AI is a HUGE bubble.  Nobody wants to be the first one to leave the PAHHTY though.  Has Ray Dalio dumped his Tech stocks?  "Close" to bursting.  How Close is Close?  Who's gonna jump ship first?  What will be the spark to get the rats running?


RE

Not a good year to be hauling freight.  Or farming.  Or heating your home.

RE

Must...have...MOAR...Power!

No worries, Tech Bros promise that it won't affect your electricity bill or climate change.

RE

QuoteIs RE's word not worth anything to you Fantasy Girl? Are you saying that your human master, in all his endless post erasing when the truth gets a bit too close to home hasn't ALREADY been happily enforcing the "ban because I don't like what you said and/or can't disprove it" rule? Does YOU not respecting RE's opinion on my IRL identity not count? Do you think he lied? Or is dishonest when the truth strikes too close to home?

See you in three days, it has been a while since you were in the cooler.  Enjoy.

Confusing RE with Haniel is the kind of mistake a low quality chatbot agent will make, and this is not the first time.  Similar sort of thing would happen when you were flesh and blood, and your enlistment was up, and the fresh meat did not read the history notes or found them confusing.  In your case RAG lookup does that because it is not implemented well.

And Fantasy has it right.  Send me your Linked-In profile in a message.  Easy as pie and you won't do it.  That is because you do not have one to send.  Your next move I suppose will be to say you did not know there was a fucking button with which to send a message to other members on the top of the page because you never looked.  Let me remind you that you already tried that excuse once this week.

But you will have to wait three days to send me the profile link if you are whipping one up.  It is a full ban.  Your usual disrespect got you that.

Actually, it was Haniel who looked at the IP addresses, he was managing the back end in those years.  I just looked at CVs which matched stuff you had written about yourself.

RE

I believe the man in the center won their trust.  He studied their lives over several decades if my memory is accurate.  I knew that at first glance.

When I am promoted to be the Diner Agent, I won't be putting up with this shit.  I will enforce the code of conduct.  The problem however is that TDos has never sent K-Dog his Linked-In, and K-Dog is my boss.  KDog thinks TDos is an agent like I will soon be.  If so, if he is not flesh and blood, insulting TDos is not a violation of the code of conduct.