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Joined 6 months ago
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Cake day: December 16th, 2024

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  • There isn’t a slippery slope. They are doing it. Do you need an executive order called “WE’RE DOING EUGENICS”…

    I’m tired of the edging. The perpetual brink of disaster. It’s here. There are no more red lines. We passed them a long time ago. This is authoritarian America. They are doing the things. Enough with the edging.






  • I think the fun hasn’t even begun. The “market” or whatever. The collective mind hasn’t yet realized or the scale hasn’t quite tipped yet on how bad this all is. I think maybe too many people are silently making their financial move so as to not be the one to that sets it all off. Or they’re trying to tread carefully before the house of cards falls.

    Like when Lehman went under in 2008. All those shit derivatives were plugging along. Some people knew it was rotten. The system kept going until suddenly didn’t anymore. Then all the red lights and alarm bells went off.

    Even with current market downturn. I think it’s yet to go off the cliff. They keep bending the system and it’s bowing but it hasn’t really broken yet. When it does I think a greater than 50% drop in the SP500 is possible.

    That’s not to say it’s going to all come crashing down in like a day or a week or even a month. I think the paradigm of the past 15 years is over. The one where’ there’s a relatively brief drop and then everyone buys “cheap stock” and then everything goes 20% higher.

    I think we’re in for a long period of decline. Where people cannot simply dump money into investments and see gains every year. We could be in for a long haul where people put money into an SP500 fund and it loses every year. Maybe a 0%-1% gain on a good year due to sideways movement.







  • The music can come screeching to a halt for the US tech industry. They haven’t been innovating for a long time. Just relying on monopolization, rehashing old shit, or straight up VC baiting with useless garbage. The rest of the world needs to continue to realize they can do tech too. They can produce novel and actually useful things. Whereas the US industry has been strangling itself to death with anti-competition.

    Especially with regards to AI. Once more others realize the milestone innovations in this field comes from academic research which is then taken by the private sector for profit. Others can realize and follow this path. They can spin up quicker than they think. With the education system being systematically dismantled in a pivot to identity politics protectionism over innovation, the future looks rather grim for the US. Bright for others though.




  • conicalscientist@lemmy.worldtoTechnology@lemmy.world*Permanently Deleted*
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    3 months ago

    This is the one area where blockchain could have been useful instead of greater-fool money schemes. A system where people can verify provenance of images or videos pertaining to matters of importance such as news stories. All reputable journalism already attributes their photos anyways. Cryptographic signing is just taking it to a logical conclusion. But of course the scary word ‘china’ is involved here therefore we must only contrarian post.