Horses might win today but they'll lose tomorrow...just a matter of time.

...was going to happen 15 years ago but as it turns out humans are not smart enough to replicate human intelligence just yet. In 100 years they'll look back and wonder how anyone thought they can replicate human level intelligence with primitive shit.

I get that but what happens when the additional burden on credit card users results in additional credit card defaults that are supposed to counterbalance other defaults? Sounds like cascading risk...

So to counter losses from default rates credit card users are subjected to higher rates for longer which increases their default rate?

...but really what is systemic risk?

I really do love these sort of figures. Often based on shoddy data, inaccurate assessments or just plain wrong in considering life is static.

Remember when the internet was going to run out of bandwidth? If bandwidth demand continued to grow at rate X and supply is rate Y which is lower than X then congestion, everything gets "stuck"...but it didn't happen.

This is like a bath. If you keep filling water at a constant rate the bath will overflow at some point. Of course as we notice some signs of issues we adapat and change. The tap is truned and the water stops flowing. This is to illustrate the point life is dynamic and humans adapt over time.

Humans will adapt and find ways to cope. AI might make mos tpeople poorer by enabling the ruling rich elite to do without so many people amiing most unnecessary long before climate is gonna do it. If you take all inputs at this moment in time as static and stretch graph lines there's plenty of things that may happn in X time for Y percentage...at this point we may need a bit of a hail mary science solution but atheists produce miracles all the time so stay tuned.

...then came things like the aquaduct and the well came to us. The value chain connected to cinema attendance is losing out to the value chain providing a home cinema experience. Large screens, surround sound and 4k streaming is almost standard nowdays. Outside of nostalgia why travel to the cinema for the same? Cinemas were a nice period in society. Waiting for streaming live theatre and circus shows to be a common thing.

It's the cause. Once it was windows.exe or run.dll causing fatal errors but tomorrow it's likely to be AI. ASOD - coming to a billboard near you. I suppose if it is black it'll save power in some airport terminals?!

All phone users accept that they must have a Google or Apple account that connects all their ecosystems and data to an ID. Microsoft is just playing catch-up.

...this is not surprising. What is surprising is that they were told about this and had a couple of money to find even a rudimentary workaround and they didn't.
What about the potential irreparable harm done to the users? Executives should lose their jobs and yet we know they won't.
They'll probably blame some engineer because they don't know anything about the tech...
Organisational risk is owned by the senior management team. No excuses.

...to fly people to climate summit. That's about as misleading as this story.

...which may be plausible but provided no proof.
Now depending on whether you are so inclined you may confuse said conclusion with proof to supposedly justify political bias.
After all they have some of the best intelligence and the best people and the best conclusions.

Every weekend I see some young adults barely walking or losing their lunch and I think "Oh they're just trying to lower cholesterol levels". Now I know why we did it back in the day.

So there you have it. All the shitty liquidity that old wallet stores are waiting to dump on is becoming available. Finally they can afford to sell 1,000 BTC at a drop of a hat without tanking the price.

You see the story of BT is that of creating liquidity. When liquidity is good the price goes up and when it's bad it goes down...meanwhile all those wallets held in escrow agreements and others were just waiting for there to be sufficient REAL money in the mix to dump their shitcoin for actual dollars.

You think BTC will become the world reserve currency?! Just HODL through the next 10 years you'll be fine as you live on dividens...or not.

Look my 500k "asset" and "store of value" rose 8000% when rich people saw away to create yet ANOTHER vehicle for wealth transfer and pumped it and dumped it. No store of value drops 70% due to lack of liquidity because a store of value isn't pumped (read leveraged) 20 to 1 or even as much as 100 to 1 in the early days.

The price of BTC is the same price as a crypto kitty. It's whatever the next guy is willing to pay for it. Sure BTC has more value or utility worth than a crypto kitty as a specualtion investment but don;t confuse it with an actual store of value.

All the stocks and brokerages are competition so someone created a "free range eggs" variety of trading with an "asset class" called crypto. Pump the big one, pump the small ones shift the money around until most people lose their DOALLRS for the SHITCOINs.

Told you to buy BTC at 3k, told you to buy BTC at 17k - now telling you not to fucking buy BTC at 100k FFS - just because it might pump to $1m does not make it a sound or wise investment FFS.

IF you buy BTC just undestand you;re swimming with sharks. When shit hits the fan it'll tank hard like it always does because it's not a store of value for you, retail You're liquidity like this BS reserve act is just liquidity to cash out influential rich people. Good luck.

... it's not going to be the year of the Linux desktop either is it? Jokes aside Linux has survived, thrived and exceeded all expectations IMO. It'll break Microsoft sooner or later. Fewer and fewer reasons to stay on Windows every year.

...the powerful AI was used to implant conspiracy theory in the participants weak minds? Did they believe Trump is gonna "drain the swamp"?