1+ week since I executed a prediction mkt contract on @coinbase with clear parameters. Paid as an accurate prediction, yet the payout amount didn’t match the ticket.
@brian_armstrong making me 2nd guess where I do crypto & prediction mkt trading. Time to switch to @vladtenev?
@BullTheoryio@grok How does Bitcoin correlate to these trends from a timing perspective based on historical data? Specifically, do crypto bull markets trail Gold rallies?
Jonathan Ross, Founder and CEO of AI chip company Groq, offers a contrarian view: AI won't destroy jobs, it will create a labour shortage.
He outlines three things that will happen because of AI:
First, massive deflationary pressure.
"This cup of coffee is going to cost less. Your housing is going to cost less. Everything is going to cost less."
He explains this will happen through robots farming coffee more efficiently and better supply chain management, meaning people will need less money.
Second, people will opt out of the economy.
"They're going to work fewer hours. They're going to work fewer days a week, and they're going to work fewer years. They're going to retire earlier because they're going to be able to support their lifestyle working less."
Third, entirely new jobs and industries will emerge.
Jonathan points to history as evidence:
"Think about 100 years ago. 98% of the workforce in the United States was in agriculture. When we were able to reduce that to 2%, we found things for those other 98% of the population to do."
He continues:
"The jobs that are going to exist 100 years from now, we can't even contemplate."
Software developers didn't exist a century ago. In another century, they won't exist either, "because everyone's going to be vibe coding."
The same applies to influencers, a career that would have been unthinkable 100 years ago but now earns people millions.
His conclusion: deflationary pressure, workforce opt-outs, and new industries we can't yet imagine will combine to create one outcome...
"We're not going to have enough people."
@Clevta Never understand the Browns or fan base obsession with prioritizing him (as a DC or HC). You should be making key organizational decisions based on a defensive coordinator.
Amazing bi-partisan, joint letter from @tedcruz & @CoryBooker calling on all business leaders to contribute to the 50+ million kids accounts set up over next 6 months under the Invest America Act (aka Trump Accounts). 🇺🇸🚀
@lucawashenko Tough to unwind. There are AI tools that can help mitigate this. Feel free to DM me if you want help building a better cyber risk mitigation position. I do this for Enterprise level orgs for a living.
The two sectors crippling millennials and GenZ are programs heavily influenced by Government oversight - student loans and zoning laws. Add the FedReserve as 🍒 on top.
The issue isn’t capitalism and the answer certainly isn’t socialism.
Less Gov, more free markets, always.
Peter Thiel: If you graduated in 1970 with no student debt, compare that to the millennial experience: too many people go to college, they don’t learn anything, and they end up with incredibly burdensome debt. Student debt is a version of this generational conflict that I’ve talked about for a long time.
The rupture of the generational compact isn’t limited to student debt, either. I think you can reduce 80 percent of culture wars to questions of economics—like a libertarian or a Marxist would—and then you can reduce maybe 80 percent of economic questions to questions of real estate.
It’s extremely difficult these days for young people to become homeowners. If you have extremely strict zoning laws and restrictions on building more housing, it’s good for the boomers, whose properties keep going up in value, and terrible for the millennials. If you proletarianize the young people, you shouldn’t be surprised if they eventually become communist.”
Hey @grok, heading to an NFL game with my Brother-in-law and we want to pick an eight-leg anytime touchdown parlay. Can you recommend 8 picks based on matchups and probabilities.