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all for a technology that’s consuming all our fab space and plenty of electricity but is barely helping us right now, what a bubble.
they did better when they made cheap bideogame chips, instead of facebook aunts make bad taste art chips
This particular bubble will be interesting to see pop.
This must be the most niche company to be the world’s most valuable, right?
This recent article by Michael Hudson on US Cryptocurrency as an Offshore Banking Center really convinced me that crypto, AI and eventually, UFO/UAP are the next frontiers of the US dollar grift.
The most fascinating thing about this is that none of these technologies even need to be functional, simply the appearance or imitation of the real technology, like an LLM chat bot that imitates real human speech but without any of its substance, is enough convince investors to throw billions upon billions of dollars into the pot to keep propping up the US dollar in the realm of virtual capital.
I’m fairly certain that we’ll see the same from the UFO/UAP front within the next decade or so, as the grift on green technology has run its course.
Idk if thats the wrong link, but how tf do UFOs play into this?
US Cryptocurrency as an Offshore Banking Center
Are “stablecoins” really that ubiquitous? Most of the coins with high transaction volumes are free-floating as far as I know.
No, but if the US federal government starts getting involved, they can funnel a huge volume of money into it.
You should think of these as vehicles to prop up the value of the US dollar, which are fundamentally disconnected from the real economy in the real world. The US will then use the high value of the US dollar, propped up by virtual capital, to then wreck the other countries’ economies and their real sectors. That’s the power of finance capital.
And yet if Nvidia went poof, you’d hardly notice.
The cascading destruction of shitty gen AI startups and big tech valuations would probably cause an AI dotcom burst
Zero essential workers
