this post was submitted on 05 May 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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EA forum: Stock prices in a VC-forced bubble show that society will make trillions from AI!!!
first comment: "uh, wtf, that's not how anything works."
reply to this comment: "oh yeah? well DEBATE ME"
For such ostensibly smart people, the basics of finance and economics are surprisingly elusive!
not that we should complain too much about this: it's given them the loss of the castle, the loss of a university-shielded ~~wastebasket~~ think tank, and may yet give them some more losses at scale!
at least crypto isn't involved this time. few understand (real world economics)