The stock market is unpredictable precisely because everybody is trying to guess what is going to happen next. Dollar cost averaging takes the guessing away.
I think everyone is worried and, at least in this case, being cautious.
China is ready to step in with millions of PhD-level graduates.
Keep in mind that today, if essential workers go on strike, those in power have to listen. What happens if people on UBI refuse to... something? Especially in a world of increasingly automated policing and surveillance?
"There's no free lunch!", I told myself, but it was becoming increasingly hard to ignore my barber, the cashier at the grocery store, my dentist, my landscaper - all who had bought highly leveraged properties and had actually made profit.
I'm not ashamed to say I started to look into it myself - I was even ready to purchase some leveraged properties myself but kept getting outbid by even crazy offers.
Then 2008 happened. It was both unsettling but also reassuring. My home value halved overnight (it's 800% up now so I'm doing OK) and mu neighborhood went mostly empty (bankruptcies, foreclosures).
Now again in 2026, my barber, the cashier at the grocery store, my dentist, my landscaper - all cannot stop talking about Grok Bot, about "Chat" (they usually mean ChatGPT or Gemini).
Maybe this time I can get in and get out in time, get real rich!
Off topic: I first wrote "2029" instead of "1929" because habit. Wow, the start of the Great Depression was 97 years ago? I find that surprising.
Makes the binance crypto incident look like nothing (and everyone was made whole).
The hidden $3.2T AI debt on the other hand...
I would like to take away the gasoline before they figure out that wood burns better.
Most people can't agree on what God In A Box (AGI, the singularity, whatever) even is. We don't have a widely-accepted definition for it.
The SMART criteria for creating goals has been around since 1980 [0]. Goals need to be Specific, Measurable, Achievable, Relevant, and Time-Bound. This is stuff that they teach most people in bachelor degree-level college course. Not even. Maybe in high school or associates degree-level courses.
If God In A Box was the goal that SV sold all of these investors on to the tune of over a trillion dollars of investment, the best thing we could do with everyone involved is have a massive settlement where all of their money just goes to pay off a fraction of the national debt and they're banished to live in the Alaskan wilderness, never allowed near more than $50 at a time or long-distance telecommunications devices again for as long as they live.
Consumer. Their usecases seem pretty valid - the landscaper is using it to drum up more business, has agents responding to incoming emails and texts, just like my dentist and barber.
The cashier uses GrokBot to transcribe notes to her manager. Her company has a very bad inventory app (I don't want to name names but it's a very large nationwide chain) so she literally exports inventory into an excel and feeds it into GrokBot as a way to run queries.
I can see nothing wrong in them just like I could see no wrong in buying properties and flipping them for a profit because there was so much demand at that time.
If you weren't buying houses 2003-2009, you have no idea how crazy it was. People would buy homes unseen in Olathe, KS.
It's likely just me but it just feels eerily familiar. I hope we are all wrong this time around.
I mean, they should be. It's a transformative technology that is doing something that was not possible five years from now, and it going to make a few people trillionaires, and it's not entirely clear where it will leave the rest of us.
That doesn't mean that you should, like, be rushing to be a bagholder.
Well, since you seemed to know what you needed to do back then (but didn't take action), what do you think you need to do now to "get rich"?
Kevin_Flynn•55m ago
My finances are in crisis.
You know whos winning ... the bitcoin miners retiring unprofitable cards, if they still have them.
Good job guys.
angry_impala•54m ago
Kevin_Flynn•51m ago
After bitcoin halfed enough, the electricity cost more for the miners.
Now with the AI boom, people are paying premium prices for low end cards, because they run AI tasks exponentially faster than CPUs do.
So the electrical load that was once centralized at the mining site, gets distributed.
Being able to schedule your AI agents to work during off peak electrical prices, and sleep during peak pricing, seems to be a stablizing factor for the grid.
Im talking about the used video card market.
Not the billion dollar data center market.
Prices are up 35% in the last 3 months alone, and I just paid way too much for a RTX 5060 Ti 16GB for the ram.
angry_impala•46m ago
DubiousPusher•14m ago
Kevin_Flynn•44m ago
Adapt to the worlds problems.
Don't adopt them.
duskwuff•11m ago
Bitcoin mining hasn't used GPUs in ages. They've been all-in on ASICs since 2013 or so; even if the GPUs were free, they wouldn't be worth running.