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Joined 1 year ago
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Cake day: July 10th, 2023

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  • It’s more complex than that.

    The way the US is spread out makes public transit prohibitively expensive and difficult to achieve proper coverage. To make it effective, you would have to shift the entire way we live. Our entire society is built off the concept that everyone has a car.

    Add to the fact that building transit is extra expensive in the US and you arrive at the reality that we will NEVER have a working transit system. That’s why the shift to small cars is needed. We don’t have any more room for roads, so we need more cars to fit in the roads we have










  • Crypto is still incredibly healthy. Bitcoin has been stable at $30k.

    Is it still a big scam? Maybe. But what happened with FTX was just good ol corruption.

    Anyone with exposure to Crypto either already collapsed, or wound down their position, so there wasn’t a huge effect on markets. AI will be similar. Some VC will fail, but it’s not the same as the dotcom bubble. It won’t cause a recession

    OpenAI may fail if Microsoft doesn’t keep throwing money at it, but they already got what they want out of it. They’ll probably just end up acquiring the foundation and make money from the ways they’re implementing it in their products.


  • There isn’t an easy statement that explains why things are getting worse.

    The housing market, for instance, was being affected by low interest rates. Low rates make being a slum lord more profitable than other forms of investment. This caused a massive amount of investment in the housing market by rich people and corporations, and normal people were priced out.

    The banks that failed did so because they either invested in dumb things (crypto) or in long-term bonds. Those bonds lose value as interest rates rise, and SVB invested far too much into them.

    There’s all kinds of reasons



  • Microsoft reported profitability in their AI products last quarter, with a substantial gain in revenue from it.

    It won’t take long for them to recoup their investment in OpenAI.

    If OpenAI has been more responsible in how they released ChatGPT, they wouldn’t be facing this problem. Just completely opening Pandora’s box because they were racing to beat everyone else out was extremely irresponsible and if they go bankrupt because of it then whatever.

    There’s plenty of money to be made in AI without everyone just fighting over how to do it in the most dangerous way possible.

    I’m also not sure nVidia is making the right decision trying their company to AI hardware. Sure, they’re making mad money right now, but just like the crypto space that can dry up instantly.