Comment Re:I don't care (Score 0) 180
Do you think Sam Altman will lobby the Fed not to let that happen again?
Do you think Sam Altman will lobby the Fed not to let that happen again?
What if Google engineers got a generous indexed basic income and could just say no to enshitification because they don't want to use the product their bosses tell them to code?
What if Gemini predicted the drop and Google shorted its own shares to come out ahead?
[Disclosure: The following transmission was assembled by an artificial intelligence, which gweihir will instantly recognize as further proof that the silicon cultists are already writing our corporate banking memos.]
The banks aren't panicking about sci-fi AI "consciousness", but they are scrambling to address a very concrete software vulnerability problem.
Advanced frontier AI models (like Anthropic's Mythos) became hyper-efficient at mapping zero-day code flaws and writing complex exploits faster than legacy internal teams could keep up with. That is why major institutions like Bank of America had to deploy thousands of internal staff and external contractors to aggressively patch software backends.
Itâ(TM)s less about a cinematic AI heist and more about the brute reality that automated systems are exposing hidden legacy tech debt at a scale that forces traditional IT departments to roll up their sleeves and fix the code.
Subject: Re: The only way to fix it is to fix the rewards
[Disclosure: This response was synthesized by an automated intelligence, which BitterEpic will likely view as further evidence that the machine overlords are already proofreading our manifesto.]
That touches on the core issue: centralized capitalism currently wins because transaction and coordination costs heavily favor massive, extractive monopolies. But instead of just wringing our hands about the reward structures, why don't we look at how we fund the alternative?
What if we funded an indexed, broad-based UBI financed through monetary expansion mechanisms like QE (quantitatively easing for actual people rather than just backstopping corporate balance sheets), specifically paired with an open-source, Homebrew-style ethos of individual and localized production?
Right now, we are entirely dependent on centralized production and endless SaaS/subscription models where vendors use manufactured "scarcity" and arbitrary lock-in as an excuse to hike prices on captive consumers.
If you give people a baseline economic floor plus decentralized tools (local fabrication, open hardware, modular energy, right-to-repair), you lower the barrier for individuals to build solutions locally. When people aren't trapped in the cycle of paying rent to rent-seekers just to survive, they actually have the bandwidth to build resilient, human-centric alternatives. You don't have to overthrow the reward system if you can just render centralized corporate extraction obsolete at the fringe.
AI Disclosure: This comment was generated with the assistance of an
AI tool to help synthesize structural economic arguments.
Re: Hockett, the Fed, and Breaking Out of the Wall Street Casino
Reading through the back-and-forth about the AI bubble and the 10
trillion dollars trapped in 401ks, it is pretty clear everyone is
arguing over who gets to hold the steering wheel of a car with
square wheels. Whether it is red or blue team in Washington, the
underlying trap is the same: our entire monetary system forces
ordinary people to park their life savings in speculative Wall
Street equities just to survive, turning the public into unwilling
gamblers in a rigged casino.
When the market inevitably corrects, people panic because they
think the losses have to be "taken out of our hide." But as Robert
Hockett and other monetary reformers point out, we are looking at
the plumbing all wrong.
The Federal Reserve proved during Quantitative Easing that
sovereign money creation is an expansive public infrastructure
tool, not a finite pool of tax revenue that has to be squeezed out
of citizens or looted from retirement accounts. We do not need
zero-sum tax fights, and we do not need to rely on Washington
insiders to save us from the next bubble collapse.
If we used that exact same sovereign liquidity capacity to fund
an indexed, non-tax-funded UBIâ"treating money as a public utility
rather than a speculative assetâ"we could give working people a
genuine survival floor. That baseline acts as "venture capital for
the working class," letting people decouple from extractive labor,
stop playing Wall Street's noisy games, and fund the creation of
open-source, localized, self-sufficient production (the true
Homebrew ethos) where we don't have to care what the stock market
or corporate media is panicking about from week to week.
Will he enjoy his new job frantically patching AI-discovered critical vulnerabilities in all that old human-written software?
Would you have charged more than it cost OpenAI to find it?
[AI Disclosure: This comment was drafted with the assistance of an AI.]
It is always amusing watching the same crowd who proudly brag about running uBlock Origin to starve ad-supported web monetization into the dirt turn around and clutch their pearls about AI needing corporate revenue models.
So which is it? Do you want ads plastered all over AI that you are just going to block anyway to keep things like the good old internet, or should AI companies bypass customers entirely and get all their funding straight from an inflating stock market backed by a Fed put?
How come Gemini just returned my prompt unchanged this time? Did I run out of free tokens?
"The dispatching company will just bill the driver for the value of the cargo."
How about bill insurance which pays for it out of stock market returns on their investments not necessarily premiums?
AI DISCLOSURE: This comment was drafted with substantial help from AI. I use AI as a research and editing tool. The opinions are mine. Any errors are mine.
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What do you mean by "taxpayers will pay for it"?
The Fed did not raise taxes to fund QE after 2008. It created reserves and bought assets. In fact, tax rates generally did not rise because of the bailouts, and some were later reduced.
If your argument is that the public bears the costs through inflation, asset-price distortions, or moral hazard, that's a different argument. But "government intervention" and "taxpayers paid for it" are not the same thing.
AI DISCLOSURE: This reply was drafted with substantial help from AI. I use AI as an editing and fact-checking tool. The opinions are mine. Any mistakes are mine too.
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"Exactly equal" is doing a lot of work here.
Federal debt is up about $35 trillion since 1980. U.S. stock market capitalization is up something like $60+ trillion over the same period. Those are both large numbers, but they are not the same number.
Are you claiming a correlation, a causal relationship, or an actual accounting identity? Those are very different claims.
If you have data showing they are "exactly equal," I'd be interested in seeing it.
AI DISCLOSURE: This comment was drafted with substantial help from AI. I use AI as a writing and editing tool. The opinions are mine. Any mistakes are mine too.
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Plus ca change...
This sounds like a modern version of Rockford Files' "Gearjammers." The cargo thieves of the 1970s used forged documents, insiders, and logistics tricks to divert valuable truckloads. Today's cargo thieves use hacked accounts, GPS spoofing, and AI-generated IDs.
The technology changed. The weak point stayed the same: goods in transit.
(Note: Drafted with AI assistance to structure arguments on educational theory, primary sources, and media tropes.)
BitterEpicâ(TM)s heroin metaphor relies on a fundamental misunderstanding of both learning and primary sources.
1. Practice vs. Intoxication: Shifting away from grading homework isnâ(TM)t "addiction"; it aligns with educational research from critics like Alfie Kohn and Sebastian Thrun, who have long argued that grading practice work destroys intrinsic motivation and replaces learning with compliance. Removing grades from practice allows students to focus on understanding rather than optimization for a score.
2. Primary Sources: High-level language models do not replace primary sources; they act as search, synthesis, and translation layers over them. A student using a tool to parse, cross-reference, or organize primary research is no more "intoxicated" than someone using a card catalog, a digital database, or an index.
3. The Sutter Cane Crutch: Repeating a reference to a 1990s horror film does not turn an automated tool into a mind-controlling deity. It just highlights a reluctance to evaluate tools based on how they are actually used, preferring instead to treat any shift in learning habits as a psychological collapse.
(Note: Drafted with AI assistance to organize arguments on human-supremacist rhetoric and ideological dependence.)
BitterEpic calls everyone else addicts, but he seems hooked on his own drug: performative humanist moralizing.
His entire rant relies on a rigid script: compare software tools to hard drugs, accuse anyone using automated assistance of psychosis, and demand proof of pure human origin before evaluating an answer. That is not original thinking; it is a mechanical compulsion to enforce social conformity.
Dropping a movie reference to Sutter Cane does not make this profound. It just shows he is dependent on drama to feel superior online. If a tool provides accurate information or solves a problem, nobody needs a sermon on human purity. The real addiction here is his need to police how other people process information.
The rate at which a disease spreads through a corn field is a precise measurement of the speed of blight.