Comment Re: That's cool. Whatever. (Score 1) 35
I don't understand it as an investment. Guess I should've been more specific. I went with brevity thinking the context would suffice.
I don't understand it as an investment. Guess I should've been more specific. I went with brevity thinking the context would suffice.
This was meant as a reply to the article about bitcoin correction.
So sorry,
Flowery nice words flowing from the talking points of others. who just ignore the litany of coin failures, fraud, scams on astoundingly large scales, and outright facilitation of reprehensible trade. A country that talks about turning to crypto has nothing left in options, and it won't help them.
The day that currencies are routinely valued in reference to Bitcoin, you have my attention. But that day will never come. Never? I'm saying never.
I'm very in tune with the technology and the ostensible "healthy" points of these vehicles. I don't understand them as an investment vehicle, so I don't invest in them. I'm not an ideologue. Investment is not philosophy. If you want to back it to throw off the shackles of what you perceive to be a doomed system, go for it. Have fun.
And being a doomsayer is nothing new. Get in line behind all the people who have been predicting the fall of the global financial order since the 1800s. Someday one of them will be right, but you'd be a fool to hold your breath. 10 years from now, I'll be buying my groceries in my local currency, carefully invested and grown.
Not anything. I'm sure when Federal troops take over the State Capitol and Newsom is put in prison for unspecified but certainly horrible crimes, the military governor that takes his place will make sure none of this kind anti-corporate nonsense continues.
AGI has nothing to do with the current technology that OpenAI is selling. At this point, it is just a nebulous idea. Right now, AGI is just like what cold fusion was twenty years ago. If you had invested like crazy in nuclear fusion companies because you had high expectations for them figuring out cold fusion, you would have lost a lot as fusion is still just a research toy that in no way functions as a profitable business model. As it stands, we do not know whether the existing technology OpenAI sells will ever be profitable. AGI, like cold fusion, may just be a dream.
I long ago gave up trying to understand crypto. And If I just don't understand something, I don't invest in it. So this is all just mildly interesting noise.
"Markets can remain irrational longer than you can remain solvent." - Keynes
Before the Dot Com era, startups that succeeded transitioned from growth stocks in to blue chips. They settle down, focus on becoming more efficient at executing what is now proven business mode.
But modern tech stocks are expected to act like growth stocks *forever*. When they grow to their natural potential, they begin to turn to dubious practices to generate the next tranche of growth. They undermine their services in order to squeeze a bit more revenue out of them. Or they let their successful business stagnate while the rock star founder beguiles stockholders with visions of transforming into a block chain or AI company.
Back in the early 2000s, when Amazon first transitioned from being a book store to an everything store, and they just introduced Prime membership, you used the site and thought "this thing is great." Nobody thinks that anymore; it's slower, more opaque and less reliable, cluttered with knockoffs, sponsored results, and astroturf reviews. Fake sales events with phony markdowns? Who is surprised?
We're going to teach most of those kids how to ask AI for everything anyway. Their value-add will be dubious at best. They can autocorrect their lives. We need them literate enough to order off of Amazon.
So long as we right-size their expectations in life it should all work out.
There is no rational conversation to be had. Anti-vaxxers have heard the best, simplest arguments, and they have rejected the premise. You can no longer get there from here, so stop trying to reason with them. Their response will be something like rejecting the source of your data as untrustworthy, which is the most effective way to reject that which you don't want to entertain.
This is a good example of the old truism: you cannot counter an emotional argument with a logical one.
Case in point. A family friend told us all back when we all were lined up for the first Covid vaccines that she was so sad for us, since we'd all be dead in six months. Had lunch with her recently... still as strongly anti-vaccine today
Not sure why McKinsey is wondering how to sell something with "No Measurable Benefits," that has been a key consulting skill for years before AI.
And if they're still not sure, they can go and ask the pharma companies selling vitamin supplements that don't work (they're designed not to, expressly to avoid being classed as medications and that means they might be regulated).
Just create a fictional problem that your product is meant to fix. The entire "disease" of halitosis was invented by Lambert Pharmaceutical Company to sell Listerine.
Sounds like the US ISP market is completely broken. You know what fees I pay here (Europe)? Two. One is for the fibber and the speed, the second on is for a static IP, which I find beneficial for some things. No other fees whatsoever.
Why are you paying for a liar?
(yeah, I know you mean fibre, just couldn't resist a cheap joke).
I suspect that your country, like most civilised countries has laws that state the price on the contract is the final price and must include all applicable fees, taxes and charges.
The US doesn't like that system as hiding the real price behind fees and charges makes them think they're still an affordable country to live in because the advertised price is still low, however they always pay more than the advertised price. See Also: tipping, eating out appears cheap until you realise you have to add 20% or more onto the top.
The moon is made of green cheese. -- John Heywood