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Comment Re: Whats new? (Score 1) 27

The only reason th US is where it is right now is because the dollar is still the world currency. It remains so because you need dollars to buy oil.

People who complain about the US dollar and oil are people who've never taken an economics class.

If you're too lazy to learn economics, then do a simple search to find out the world's oil production compared to the number of dollars in the world, and that should give you an idea of how much influence it actually has.

Comment Re:And the stupid doubles down (Score 1) 29

There are a number of problems with LLM-type AI being rushed in this fast. It can take jobs where the occasional massive screw-up does not matter much. Callcenters are probably one of those. The second one is that there are still not enough real applications that would generate profit and the number of failures is rising, while the number of successes is not. Hence this thing has gotten way too large and basically must collapse and the only question is when. Also, many are in denial and think they have a success, when really, they have a failure.

This could, for example, lead to a scenario where a lot of the workforce gets replaced (10% would be a lot) and then LLMs go away or become massively more expensive because the flood of investor money has run dry. Another one is LLMs finally find enough useful use-cases to justify the expenses of running and maintaining them, but the mistakes they make eliminate all profits by expensive lawsuits being won. And some more like that.

 

Comment Re:Ransomware Payments (Score 1) 77

Yep, that is part of the money-laundering. The only reason ransomware payments went up dramatically is that with crapto you could finally launder large amounts of money. Before they were laughably low, like the $200 demand a person I know got. On that you cannot grow a larger criminal enterprise.

Comment Re:And the stupid doubles down (Score 1) 29

I think that the problem is that quite many try to use AI for work where AI is extremely bad at. E.g. I would not use AI to write production code, because it is much harder to validate and fix code than write it yourself, but I could use AI to write prototype code, because you can validate it well enough just by running it.

I currently have a student thesis running on that question. Results so far are that AI does not find issues above toy level reliably and not basically not at all on CVE level. Fine for a non-network connected prototype, a disaster for production code. At the same time, AI provides a ton of help for attackers that they did not have before.

Comment So no they're not getting regulated or fined (Score 1) 69

It seems that way because you see headlines that they had such and such multimillion dollar fine levied but they appeal and don't pay the fine or it gets reduced to a tiny fraction of the profits from the illegal behavior. But funny thing the news media never seems to cover that...

I know of companies that literally have a classification system where they figure out which laws they can break. You will be shocked to find that the laws that affect rich people are generally in the list of ones they can't break while the laws that affect you are in the list of laws they can break...

Even under Biden it was difficult to get consumer protection laws enforced and the fines actually levied and paid and now the Trump is president worst case scenario you buy a little bit of trump coin and the problem gets solved.

Comment The problem isn't China's growth (Score -1, Troll) 27

The problem is we can't sustain this many billionaires let alone the number who want to be trillionaires.

And we can't take the billionaire's money away because if you try a bunch of old people who grew up on Cold war propaganda are convinced you're going to break into their house and steal their toothbrush. And anyway those billionaires earned it because if they didn't God wouldn't have blessed them /s

Comment Re:What's wrong with an accounting trick or two? (Score 1) 46

It's still the exact same silicon and it's got the same problems. Not all of them burn out but some of them do.

The real question is how long until it's replaced by newer or better hardware. Basically will we see custom hardware replace video cards soon for llm acceleration. Similar to what we saw with Bitcoin.

That Won't help consumers because the Fab capacity is just going to go to different silicone, but it does mean that a whole shitload of these gpus will become worthless. I guess some of them will show up on eBay. I got a lot of use out of an old rx580 that was a mining card. I think it did eventually die on me but I got about six good years out of it.

That's a one-time Bonanza though. And it's assuming we get it. The real loser there would be Nvidia since if they get replaced on the AI market with custom hardware then their market value is going to crash harder than I think any market value has ever crashed

Comment "A" cryptocurrency? (Score 0) 77

Money laundering is the backbone of the entire cryptocurrency market. Although Trump has made corruption into a strong contender.

The greatest rap channel on YouTube, Patrick Boyle's, has a video about one of the major scams collapsing because the big boys have integrated crypto into sectors of our economy so there isn't enough excitement about it anymore to keep some of the financial scams going.

Also with the economy collapsing due to incompetent mismanagement from on high the stock market's going with it. And a lot of these scams were riding the stock market.

Still as long as we refuse to regulate the money laundering crypto isn't going anywhere. You'll Still lose your shirt when you invest in it and desperately try to hide it from your wife. But the big boys are in the pool now and so they're going to suck up all the scam money

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