So, Fiat currency is going to shit the bed and be quickly replaced by the digital dollar Which will of course destabilize the world banking system.
The US will probably try to pay off its existing trillions in debts using the USD and causing massive inflation before replacing it with the digital dollar.
America clearly thinks it won’t matter, and it can be self-sufficient until it drives enough people into a digital currency, while ignoring the massive inflation caused on the USD.
And yet, the MBAs continue to pump money into it like AI doesn’t fail to provide any value in 80% of their shoehorned implementations.
It’s wild how many good uses of this tech there are, and how it’s mostly implemented in asinine ways, instead. It’s great for brainstorming. Not so great for customer fucking service.
80?
I feel like that number is way over 90, 95
Because it’s the only growth area. Speculators need to speculate. There’s money to be made on a bubble on the way up, and tons on the way down, as long as you time it right
Next bubble gonna be 64× ?
Good one 😂
quite an upgrade from the 32 bits
it’s going to be pretty cool when the USD is annihilated by this
they really boned themselves by concentrating all of it among themselves and basing its value off of fake proof of work factories
If the USD is annihilated the great depression will look like nothing. Breton Woods ended but America is still smack dab in the middle of everybody’s economy. It’s why no one is calling in their debt, but keep buying it. It’s a fucking global ponzi scheme.
Edit: I just looked it up and 88% of global currency trades involve the dollar.
The rest of the world is unfortunately not immune to US problems. What inevitably happens is the bubble pops, the government prints money to bail out the gamblers who benefitted from the bubble, then insist on austerity for regular people to get the resulting inflation under control
Bubble scientists need to adjust for inflation.
This is insanity.
The dotcom bubble produced Google and Amazon.
I guess, if you count surviving it and having less competition. What did 2008 produce? Besides a stock reset for the rich.
It was a completely different world having several different search engines. Felt like you were actually on a discovery path. These days Google funnels you into Amazon products listings.
Yeah the one thign ai consistrntly does well is return more targeted search results than a browser.
WAAAAY back in the day, search engines functioned like a complicated Yellow Pages with indexed results and explorable categories. They encouraged you to find unique websites and seek out new perspectives and ideas. It wasn’t sustainable due to the volume of websites people make, but it was fun.
Search engines have been hot garbage for a while. If AI can at least shake that up, it would at least provide some competition and reason for these companues to try and innovate something.
They received hundreds of billions of dollars in bailout funds. That really taught them a lesson!
The “too big to fail” banks used their bailout money to buy small and medium-sized banks that were struggling, increasing the market share of the already colossal banks that caused the disaster in the first place.
Also Beanz.
Winner takes it all, we need to pump MORE money into it.
/sI’m patiently waiting for the bubble to burst and buy shares from the few surviving companies at a steep discount. It’s cool to hate AI as it is now but there’s more promise to it than what it’s currently being used for to the annoyance of everyday people.
This is your brain on capitalism…
Wow, it looks just like the brain of someone who has abused aerosols!
