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Joined 1 year ago
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Cake day: July 4th, 2023

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  • The problem with money being involved is it’s an invitation to spam crap everywhere.

    One of my relatives has recently taken up “AI travel videos” and “AI cute videos” as a “hobby”. No doubt based on the first thing that came up when I searched for those things, a video titled “make $10,000 a month spamming up YouTube with your AI slop”.

    Oh, and it needs you to buy the AI slop generating tools that they happen to sell. How convenient!

    I mean, this also happened with broadcast TV, where we suddenly went from like 4 channels filled with programs and things competing for space, to 200 channels, where the rush was on to fill the gaps between the adverts as cheaply as possible with reality show tat. And that’s all YouTube is now.
















  • COVID also inflated a lot of tech stock massively, as everybody suddenly had to rely a lot more on it to get anything done, and the only thing you could do for entertainment was gaming, streaming movies, or industrial quantities of drugs.

    Then that ended, and they all wanted to hold onto that “value”.

    It is a bubble, but whether it pops massively like in 2000, or just evens off to the point where everything else catches up, remains to be seen.

    “The markets can remain irrational longer than you can remain solvent” are wise words for anyone thinking of shorting this kind of thing.