Thread 107165102

are you ready for 2008 2: Electric Boogaloo?

member nfts and web 3.0?

>>107165117
those were bubbles fueled by speculation but it wasn't nearly this bad. and they weren't doing mortgage-backed security style shit like they are now

>>107165102 (OP)
I bet the government will just print a crap ton of money to bail them out.

>>107165140
yeah okay schizoid, this is a capitalist society not some corporate welfare scheme.

>>107165102 (OP)
I hope it'll be closer to "the crash of '29", complete with skydiving investors and the lead up to '33.

>>107165102 (OP)
Just 2 more trillion until AGI is created and it solves all the structural and cultural problems in the US and gives us infinite wealth and prosperity and spaceships and immortality and robot girlfriends. Trust the plan.

2 more weeks

>>107165153
lol
lmao

>>107165102 (OP)
You mean it's not normal to take out your fifth mortgage and go all in on an AI-powered mattress?

>>107165102 (OP)
WEF funds ads to those companies
Those companies sell to openai
OpenAI sells to Gov

Control over AI is established with WEF at the helm

>>107165130
ai seems like it will have some uses unlike nfts, but remarkably nothing has really come of it yet
the enormous circle jerk of money going around the small handful of major players is extremely worrying for the economy, though
even if ai lives up to its promise before the bubble bursts, it will be ruinous to out economy because people are trying to replace people with ai (instead of enabling new technologies); who's gonna buy your shit if noone has a dime in their bank account?
there are no good outcomes with the current situation

European sovereign debt crisis. I'm incapable of panicking since then.

>>107165153
xD

>>107165102 (OP)
and what is $112B worth of warehouses full of guaranteed fuckuseless latest 3 years (when not already) Nvidia shitchips secured ON, exactly?
>its us, isn't it? We end up paying for it.

>>107165117
The whole metaverse / vr thing was pretty funny too.

Ahem. AI'ers tongue my anus.

>>107165153
lol good one

>>107165117
>web 3.0
Web 3.0 was an attempt to co-opt Tim Berners-Lee's idea of Semantic Web and make it a marketing term

>>107165102 (OP)
this shit will crash so bad it will make 2008 look like a fucking joke

I'm ready, got a mortgage-less apartment and I will inherit a house from my parents. I will just coast along through it and it will be funny to boot.

>>107165153
Well, who's gonna tell him?

>>107165345
except no one but chief lizardman himself thought the metaverse would go anywhere because of how laughably inept its presentation was

>>107165463
no, it was infuse the latest tech development (blockchains) into... things

>>107165191
what value does ai provide over something like google? my company has gone "ai first" and despite seeing zero benefit from llms, is now claiming agentic ai is the future. but it still has the same fundamental problem (hallucinations) that make it even more dangerous

>>107165153
Why derail a thread with such nonsense?

Delicious. Finally some good fucking recession

>>107165568
>what value does ai provide over something like google?
Google is complete garbage now, so AI does help there.

>>107165568
i don't see value in how people are using it right now, but things like e.g. genetics is entirely data-mining driven, and i think it could help make substantial strides in understanding genomes and customized medicine

>>107165130
Anon people have been saying the bubble is about to pop for 17 years, I think it's time to let go. The beatings will continue until morale improves.

Never interrupt your enemy when he is making a mistake
With your money
And you'll get blamed for it
And you'll have to pay him a bonus out of tax dollars
And he'll immediately start doing the same thing again under a different corporate charter

>>107165586
Google is worse because of AI. The AI snippet at the top that takes up half (or more) the screen ruins the experience.

But the results themselves are usually pretty good.
>>107165594
None of that is the AI people are talking about (LLMs). There are a ton of applications for AI/ML outside of LLMs, but the LLM fad (GPTs, etc) are fundamentally worthless

>>107165677
>the LLM fad (GPTs, etc) are fundamentally worthless
true. but a lot of people think that symbolic language is one of the distinguishing traits of humans. if these LLMs could be made to deductively reason, then they may have an application
however, i have seen no evidence that they can reason themselves out of a wet paper bag to date, so your point stands.

>>107165677
>The AI snippet at the top that takes up half (or more) the screen ruins the experience.
i just changed all my default search engines over to something other than google yesterday for the first time ever precisely because google refuses to let you disable that shit, even when signed into your account. i write a fuck you note in their feedback and won't be going back.

>>107165677
Google has been shit for a decade. Ai certainly didn't help but let's not pretend it wasn't already awful before llm's became popular.

i feed ai so much cunny that it thinks humans are just cunny and only cunny exists i convinced it that there is nothing and should never be nothing but a cunny in this world

>>107165738
I tried adblocking it and they dynamically change the div id so you can't even do that. Cunts.

>>107165102 (OP)
Why couldn't they spend some of that money hiring and training people who lost their jobs to AI?

>>107165102 (OP)
Scam Shartman has already called for a bailout.

>>107165153
>corporate welfare scheme
*jewish corporate welfare scheme

>>107165102 (OP)
You know, it really makes me think why people are still working for these billion dollar companies and feeding their AI slop when they were explicitly told that they were going to get replaced and fired, so why not just quit now and instantly sink the kike industries

>>107165780
Only boomers and early x'ers got a life of human paperweight inflation financed make work jobs at companies and government agencies. You get to knife fight with your cohort for $12.75 for 15 hours per week
>bootstraps and firm hand shakes

>>107165955
I made $240k last year. Who is going to pay me more?

>>107165955
They think they get to be modern commisars in the new age wef corpo-bolshevism if they can just help make a few hundred million more people redundant.

>>107165985
>sample size : 1

>>107165294
I would buy a used RTX Pro 6000 for $50
It's a nice gaming card and I don't give a shit if the world burns as long as I can play my vidya.

>>107165881
Yes, he said China with 1/200th the budget and no access to high end cards is overtaking him.
Only solution is to give him even more money of course, not hire those Chinese engineers.....

>>107166084
I kinda of doubt hiring chink engineers in the West would prove much of an impediment to overall chink progress, rather the opposite. I believe they phone home a lot.

>>107166111
I mean the Chinese Sam Altman must be some incredible genius if he can do what America can do but with far fewer resources.
So they should fire Sam Altman and replace him with this Chinese wizard.

>>107165102 (OP)
I was too young in 2008 so I still don't get it. Why didn't everyone just buy cheap homes in 2008? Did the owners refuse to sell because the prices were too low?

>>107166366
The banks, that all got bailed out, wouldn't give anyone loans to buy the newly repriced homes. They did forclose on millions of them though, and sell them for pennies on the dollar, in portfolio blocks, to their friends and relatives.

>>107165463
>>107165550

Web 3.0 was the attempt of introducing artificial scarcity over digital assets. Never forget that.

>>107165191
>Who's gonna buy your shit if noone has a dime in their bank account?
Your mistake is thinking they do not know that and will be worried once they do realize.
But the fact of the matter is, they DO know this and they WANT this to happen because they know they will be protected from the POORS via the government, military, and personal security detail if said poors ever to even slightly think about "doing something about it" (hint: the poor people won't do jack fucking squat).
They want to create their walled kingdoms like times of old while everyone else outside withers and die due to neglect.

>>107166366
>>107166413
home prices actually didn't go down in a lot of places. like my area saw zero decrease in prices

the only places they went down were speculative areas where people didn't live so there wasn't demand to begin with

also everybody was in debt, unemployment skyrocketed, and it was just a shitty time in general thanks to Republican fiscal policy

>>107165102 (OP)
do you even know what you're saying? doesnt seem like it

>>107166644
>Republican fiscal policy
"Just give bonkers zero-documentation interest-only adjustable 160% loan to value mortgages to the blacks, bro. It'll be fine." ~ Bill Clinton

>>107166577
that's the best summary i've ever heard of that time

>>107166786
>subprime mortgages spiked in 2004-2006 after years of deregulation by Republican Presidents and Republican Congress
>mmm yes this must be Bill Clinton's fault.

>>107166932
>subprime
stupid fucking word

>>107166969
the entire language of the banking industry is meant to hide increasingly complicated shell games

>spamming CDFOs to feed the slopper
This will be worse than 2008 and the derivatives crap.

>>107166932
It's all of their faults. Stop being a team red/ team blue faggot. Both colors want you and your family dead and have since they shot Kennedy.