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Comment Re:They're in the strip-mine phase of the company (Score 2) 36

MS still has their other businesses to rely upon. The C-Suite is up to their assholes in Office, their cloud crap is still still there, and now business is getting all hot and bothered by AI and MS is right there promising it....whatever business wants AI to be, MS says AI is.

Comment Re:look ma, (Score 1) 59

OFC this actually exists: magic Bean Coin. It was an inflationary coin (holding coins generated more coins). I met one of the developers a few years ago. He was a really smart thoughtful principled guy. Just chose a really weird goal to throw himself into and not much formal economics education (but lots of "alternative economics"). I just checked first time in a decade, the 24 hour volume was like six bucks and the project webpage is gone

Comment Re:No complaints (Score 1) 59

... and in Texas, you are getting it very hot in the summer and suddenly freezing cold in the winter and with insufficient electricity grid and rapidly diminishing water resources and increasing political strain with your biggest trading partner and a rising culture that is proudly pro-faith and anti-science

Jesus fuck you could not pay me to move there

Comment Re:At last. (Score 1) 59

Think about it for a few more seconds with your engineering hat on. The use case Bitcoin is designed for is peer-to-peer electronic cash. Internet money transfers, with no central authority.

That has two parts:

  1. Internet money transfer
  2. No central authority

Number 1 has been a solved problem for over a decade now. Between credit cards, ApplePay/Venmo/PayPal/CashApp/etc etc, cash transfer over the internet is virtually instantaneous and acceptably small cost.

Number 2 is of absolutely no interest to governments. They want a central payments authority, the ability to sanction, reverse, etc etc.

Crypto is an attempt to solve a usecase that governments do not have

Comment Re:AI as a sacred prestige competition (Score 0) 24

AI Slop, all of it. "A theocratic sunk cost trap"? I admit religions are a cost trap, but they are not connected to data centers.....unless.....could it be.....God just announced he'll be acquiring land for data centers to handle the rush of prayers from people asking for divine intervention for their troubles.

Comment what is a reserve? (Score 2) 59

a government or anyone may decide they need a reserve of something in case it later becomes unaccessible when needed. When can a government *need* BTC? Needing oil or food or water or weapons or gold is understandable, those are real things and it is possible to run out of these items and be in a position where access is limited.

If one "needs" crypto currency they may either purchase it in the market freely or just start their own, even Trump has done this on multiple occasions.

Note, it says "a reserve", not a speculative asset to gamble on its price.

Comment Re:Apple is cutting jobs too (Score 1) 46

Before that, la Presidenta did not force Democrats to vote for the next Bozo in line for presidential elections or to nominate Hilary who could not read a room if it was explained to her. And Bernie Sanders is a poor loser and caused them to lose that election as well.

That said, a good portion of the sainted American people actually believed the shitload of lies shoveled by la Presidenta even though they had years of experience. They still believed that idiot had more than two brain cells to smash together. They ignored all the prior evidence of his totalitarian nature, the coup that failed (both the attack on the Capitol and the attack on the Electoral College with fake electors and the false claims of the election being stolen), being Putin's bitch, and his natural talent for the Art of the Grift.

For his next act, he is trying to sell America on the AI slop with the usual set of vacuous promises repeated nightly at Fox News, when all he really wants is to sell the America Gov. with the profits going into his pockets. His "administration" is populated by dolts (most of them rich), e.g., RFK Jr., and somehow he or they are suddenly going to become competent? There's no fixing stupid.

Comment Re:Apple is cutting jobs too (Score 1, Insightful) 46

The appeal of Fox *News* is that it is selling a vision of America that is about circa 1955-1965. It makes the Blue Haired feel at home to revel nostalgically in their bigotry, at least the white portion of their audience, which is most of it. Fox tells them they do not have any White Privilege and that they have achieved their length of years and money entirely on their own not past science support, migrants, the lower classes paying for their retirement, etc. Fox greases those lies with more modern slop like la Presidenta pushes. Fox doesn't not challenge them to think; they do not want to do that anymore if they ever did. It is a happy place that tells them what they already believe.

There's no changing them, even if the wheels totally come off the U.S. and their retirement money is siphoned off by the rich, inflation, a dumbass president who continues to tell them what they already believe, a government sold off to the highest bidders, his grifting, etc. And there will still be Fox picking new scapegoats for them and they will happily glom onto the new goats as the sources of their troubles. They were Maggots before la Presidenta, he just gave them a social club in which to wallow.

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