Over time, more and more work is going to be done by AI though. At some point, it will be unthinkably slow and expensive to let humans work on anything.

To do *that* locally, you need GPUs and LLMs.

How will Europe solve these two?

Growth in Q1, Q2 and Q3 2018 was higher than anything that came before.

Q1, Q2 and Q3 2018 are all higher than anything that came before.

     "...the slowing GDP growth rate in America..."

https://fred.stlouisfed.org/series/GDP

That would mean that Bitcoin is pure monetary value. In that case, it would suck out all the monetary premium from other assets like real estate, equities and gold. The monetary premium in those is probably a few hundred trillion. So by that time, Bitcoin's price should be 2 orders of magnitude higher than today.

If this is it for this cycle, that would indicate the volatility of Bitcoin went down significantly.

Taking a look at the Bitcoin to USD price chart, I see roughly these numbers:

2013: $1,100 -> $238 = -78%

2017: $19,000 -> $3,500 = -82%

2021: $68,000 -> $16,000 = -76%

It will be interesting to watch if the volatility really stays this low suddenly. If so, one could point to the institutional adoption over the last years as the reason for this. When I ask Gemini for the number of public companies with Bitcoin on their balance sheets over the last years, I get:

2023: 67

2024: 79

2025: 190

And a similar trend for Bitcoin ETFs and ETPs. Twice as many in 2025 than in 2023.

So if Europe will rely on US AI infrastructure, nothing is won by moving the old CPU bound processes off of US cloud infrastructure.

Europe has no wafer production and no companies that produce GPUs.

That means it is dependent on Taiwan for wafers and the USA for GPU design.

Then there is the question wether there is a will to invest. Gemini gives me this list of publicly traded companies in the US and what they invested in AI infrastructure in 2025:

    Amazon: $100B
    Alphabet: $90B
    Microsoft: $80B
    Meta: $70B
    Tesla: $20B

    Deutsche Telekom: $1B

Comments URL: https://news.ycombinator.com/item?id=46795834

Points: 1

# Comments: 0

And on the side they built the best AI and the best autonomous ride service.

Not bad for a "hollow shell" of a company.

    I've never seen a company that ...

Example: Alphabet has started share buybacks in 2015 and increased those every year. $70B in 2025 alone. And they are firing on all cylinders product-wise.

The sender does not have a direct communication channel with the receiver. They send the payment to a hop they are connected to (they have a channel with) and it gets routed to the receiver. The first hop would already drop an invalid payment. If they spam them with more invalid payments, all that would happen is that their connection to the Lightning Network would get lost as their channel partners would disconnect from them. The receiver would not receive a single network packet in the whole process.

What would be the incentive to send failing payment requests?

The user would know that each pageview is $0.001.

The website owner would know each pageview pays for itself.

We probably could get there with some type of crypto approach. Probably one that is already invented, but not popular yet. I don't know too much about crypto payments, but maybe the Bitcoin Lightning network or a similar technology.

I wish they would go public.

Would be very interesting to see how their business is doing compared to IONOS and OVH.

We need more public cloud companies in Europe.

It tells you something about how much a gambling place the market is when a site like this has a one day default for the price change. When it comes to a high level view of the market, why would I care for a comparison of todays prices to ... YESTERDAY??

My first reaction was to look for a 10 year option. There is none, so I took the 5 year option. All of the big names roughly doubled or tripled over the last 5 years. Amazon lagging a bit behind. I could start to reason about the numbers but .. 5 years is just too short. I would play with it more if there was a 10 year option.

And I would love Love LOVE a European version of this.

How content are you with them? Have you tried alternatives?

You don't think the web interface is chaotic?

Amazon, Google, Microsoft - they all make tens of billions of revenue in Europe.

Why wouldn't a company based in Europe be able to do the same?