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Comment Re:no miners equals no bitcoin (Score 1) 35

Yep. The whole thing is totally irrational on the side of people "investing" money in this. Stupid money on an impressive level. The ones still mining probably hope to recover their costs somehow, but they will probably not manage that. And, obviously, money laundering for crime is still keeping part of crapto working and will continue to do so for a while.

Comment Re: I was told this was a good investment (Score 1) 35

Problem is, "AI" is almost as bad and loses something like 80% of all new investments at the moment. That means they would need to increase profits by 10x or so, taking in the mountain id debt they effectively have to become profitable. Yet, for many uses the per-token prices are already far too high. Some "all in on LLMs" software makers find that hiring developers would be cheaper than letting "AI" do things. And that does not even really take the level of review needed or the far worse maintainability of the code into account.

And that situation is not getting better, but worse as people run into rather hard limits on LLM usefulness more and more often. The only LLMs variants that have a future are Small Language Models and they do not matter that much. They are just an incremental improvement to some things and they do not need insane hardware or energy at all.

Comment Re:It'll depend on how the midterms go I think (Score 1) 195

The real problem is that Europe and the rest of the world now knows the US has about 30% fundamentally mentally unstable voters and enough mentally incapable useful idiots to put whoever the unstable ones want in power. That can happen again, because even a completely incapable and deeply criminal fuckup like Trump is only a symptom. Hence nobody sane will ever rely on the US again and that will remain the state of things for a few decades. At the end of these decades, the US will probably be far below Russia (as of today) in economic power and incapable of fighting any wars in any larger distance.

Comment Re:Dude deregulation isn't a panacea (Score 1) 195

Because they have nothing else left, they try direct lies. Yes, it happened. And yes, it was not only the chief prosecutor, it happened to at least one judge as well.

The only other explanation is that MicroShit broke their accounts and could not get them working again. That would be _worse_.

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