I used to live in both Seattle and Portland.

I took my family to Portland last year and wanted to show them the Ground Kontrol Arcade.

Before I even parked the rental car, some vagrant on a BMX bike threatened to murder us.

why are they using software to detect software?

I can detect AI written prose in less than five seconds; I would expect a trained teacher to be able to do that as well.

Art Bell is another one:

He was on at one in the morning, and a big chunk of his audience was calling in to the show drunk or high. 99% of the audience knew it was fake.

And twenty years later, the conspiracy stories live on, via YouTube, but without the CONTEXT that the Art Bell show was broadcasting to a VERY niche audience.

Society owes you nothing.

Your premise is false.

I said labor would have “lower value” after AI progresses further and further.

My statement reflects that increased productivity means that fewer people are required to generate the same amount of economic output.

You twisted my statement and said “nobody is hiring.”

Which isn’t what I said.

The world is changing fast.

“We?”

This isn’t “our” money.

If you buy shares, you get a voice.

You’re ignoring the fact that gaming is going to the cloud.

That industry is bigger than Hollywood.

Desktop computers will invariably follow.

The RAM shortage will drive the transition.

For instance, my wife uses her personal laptop about four days a year.

People like that won’t be buying personal desktops or laptops, five years from now. The RAM shortage will drive a transition into thin clients.

I already see it with our kids. They use an iPhone, unless they need to type. Then they use an iPad with a BT keyboard.

Apple will be around in a hundred years.

Will the USA?

It’s not a challenge at all.

To win, all you need is to starve your competitors of RAM.

RAM is the lifeblood of AI, without RAM, AI doesn’t work.

I agree, and would add that it’s contributing to inflation in hard assets.

Basically:

* it’s a safe bet that labor will have lower value in 2031 than it has today

* if you have a billion to spend, and you agree, you will be inclined to put your wealth into hard assets, because AI depends on them

In a really abstract way, the world is not responsible for feeding a new class of workers: robots.

And robots consume electricity, water, space, and generate heat.

Which is why those sectors are feeling the affects of supply and demand.

Absolutely.

And guys like Tim Poole got famous off Occupy, then parlayed that fame into building an audience for themselves.

The libertarians at OWS never went away, they just found new causes.

I was at the HUMONGOUS rally that Obama held in Portland in 2008.

The epicenter of OWS was based a few blocks away, years later, and reflected the optimism of 2008 hardening into frustration over Wall Street excess.

Because the fundamentals are basic:

Creating money out of thin air generally creates inflation, because theirs is more currency chasing the same amount of assets.

But the Devil is in the details, because there are hundreds of currencies, one currency can be exchanged for another, and interest rates vary all over the world.

Then once that starts to make sense, you open up a box called “derivatives,” and now the complexity just went off the charts.

I only need to understand it in the context of loans on assets, so I can do the math in my head or in excel. Occasionally I’ll vibe code this stuff in Python.

Because I’m not diving into the deep end of complexity, the books I absolutely LOVE are the cautionary tales of when it all blows up.

In that respect, I think “when genius fails” is an all timer.

Nearly everyone knows about the Great Recession, and the depression and the dot com bubble.

But the collapse of Long Term Capital Management was the canary in the coal mine.

LTCM blew up for all of the most predictable reasons, and as the name implies, nearly everyone involved in LTCM were at the top of their game.

Another book that is more folksy is “a man for all markets“, a book about the dude who revolutionized stock options, largely due to a fascination with Blackjack!

(The LTCM guys were big time gamblers too.)

https://www.google.com/search?q=a+man+for+all+markets+by+ed+...

I really wish that people would wake up to the danger posed by meme stock BS “leaking” into the general markets.

Just as voters are responsible for changes in society, uninformed investors can impact society too, especially when they’re amplifying their purchasing power via leverage.

For instance, I’ve been buying real estate forever, and I’ve enjoyed the Reventure app.

But I’ve REALLY noticed that his YT videos are exclusively doom and gloom.

This ceaseless negativity moves markets, just as the irrational exuberance for real estate in 2005 moved markets.

But the exuberance for real estate was driven by people who were buying real estate.

The endless doom and gloom of YT finance videos is for a much different reason:

It drives page views.

That’s not a good thing. Because it’s really easy to get swept up in the negativity. And that negativity has a downstream effect, where it’s often used to convince people to invest in things that the YouTuber is promoting.

Basically, I don’t know if we need an “SEC for YouTube,” but we might.

Yes, I know we already have an SEC for YouTube (it’s the SEC), but nearly none of the people doling out financial advice on YT are trained professionals. It’s the fundamental defect of internet advice; who to trust?