If your characterization of this is accurate, then it's similar to an ETF but for crypto. Or if you're more cynical, it's like a Collateralized Debt Obligation.

There seems to be potential links of Epstein-Barr to Multiple Sclerosis as well. For decades, scientists had been somewhat dismissive of EB since almost everyone gets it and the side effects are relatively subtle. However, it seems like its presence could be wreaking more havoc than we anticipated. Who knows if we'll find any more diseases linked to EB but it probably wouldn't hurt to work on a vaccine to protect people from childhood. I have numerous family members with MS (despite the fact that it's not considered hereditary) and it ruins their quality of life in unimaginable ways, so anything that can reduce the chances of that happening to other people is worthwhile.

It estimates the decision to end production will save about $56 million a year

There have probably been farts that cost the government more than that.

Officials have argued that the rise of electronic transactions is making the penny, which first went into production in 1793, increasingly moot. The Treasury Department estimates that about 300 billion of the coins will remain in circulation, "far exceeding the amount needed for commerce."

Then why not decrease production without killing it off altogether? $56 million per year can't even buy you a decent ballroom these days.

Why is that relevant to the buyer? I don't really care why my car costs what it costs - I just care about how much I'm putting out of my pocket.

My favorite part about your joke is that it implies that the government workers issuing the Real ID would be capable of discovering an extraterrestrial or lizard person.

I feel like the entire world is caught up in snake oil salesmanship to the point of destroying the entirety of functional society

The allure of "making money from money" is far more appealing to many people than making money from doing actual work.

I interpret Burry's point to be that the previous-gen chips will be in such low demand that they'll have lost almost all of their value. If that's the case, the resale value of those old chips will be extremely low and won't contribute much toward the purchase of the next-gen chips. In other words, they'll need to keep getting huge influxes of cash to buy next-gen chips. What he isn't considering is that some AI companies will likely be designing their own chips to be optimized for their particular AI algorithms. If that's the case, then Burry's concern isn't as relevant.

which to my mind means the end of capitalism, and possibly civilization, shortly thereafter, but whatever

I can't think of any better example that captures the zeitgeist of 2025 than being casually dismissive about the potential end of civilization.

The same was true during the subprime mortgage crisis. Burry deserves credit for loudly and publicly stating that the emperor has no clothes at a time when few others in his profession would

I have a ton of respect for Burry. Everyone saw the housing bubble was about to burst, but he understood the underlying mechanisms and the magnitude of their collapse. And not only did he call it out, but he had balls of steel for going all-in on attempting to time the burst with his own very risky investments. And there's little doubt we're currently within numerous bubbles that are about to burst, including AI. However, I don't think his reasoning in this case is completely accurate. Most AI companies will likely be designing their own chips to be optimized for their particular algorithms. If that's the case, this potential underestimate of depreciation of previous-gen chips will only affect them for one or two of the five-year generations. And if I'm right, the chip companies and AI cloud computing companies will feel that pain much more since they'll be largely cut out of the market. With that said, there's plenty of AI companies that will go out of business in their current rush to attempt to dominate the market, but that's just how capitalism in general works in emerging markets: many will enter, few will win.

Replicats: the Bladerunner/Aristocats crossover we never knew we needed.

It never ceases to amaze me that we have a seemingly-magical tool that can do many hours of research in just minutes and the person using the tool can't be bothered to take a couple of minutes to fact-check the info the seemingly-magical tool shat out. And the cherry on top is going to court and confidently presenting that unchecked info in front of a judge while being on public record. We're taking laziness to levels never fathomed before.

I'd like to refer you to the case of Finders vs. Keepers.

It was back in the day, when Apple's desktop marketshare was about the same as the current desktop marketshare of Linux.

Well, it depends on how they word it.

Elon

That's because other countries provide college educations to educate their students. In the U.S., universities offer educations to make lots of money. If the students happen to learn something, that's just a bonus. In that regard, it's like every other sector currently in late-stage capitalism.