@DefiWimar Elon wants to suck as much wealth as possible from retail investors with his IPO. If SpaceX is the next big thing, there is no need to pump and hype the IPO every other day.
Google's choosing to pay SpaceX more to rent GPU's from NVIDIA than they could otherwise buy themselves and put together their own data center.
Because it's not about GPU's or compute, it's about an IPO in a borderline failed space exploration company building enough hype to lure in middle-class suckers and bitcoin holders as their exit strategy.
It's also about the entire stock market, which should have crashed last year and would have if NVIDIA didn't use a 3rd party to buy its own GPU's and collateralize them as GPU-backed securities for retirees. If this IPO fails the bubble bursts.
This is blatant collusion between 2 companies in the new technocratic America powered by circular financing.
The reality is almost every major AI company is underwater and some to the point of no profitability like Open AI.
This is also a huge kick in the face to Americans because the stock market is tied very closely to products everyone uses on a day-to-day basis and the spike is keeping boomers happy and fueling inflation.
The upper middle and middle class badly needs a deflationary depression and a full market reset, and they keep trying to avoid it with circular financing and borderline accounting fraud.
Nocoiners are gloating
Shitcoiners in shambles
Fiat press churning out the stupid think pieces on why this really is the end of bitcoin
We're halfway between halvings
It's time to stack sats like your life depends on it
Nothing beats being in tune with the cycles of nature
Ok everyone that's the week. The Casino ended at the very lows of the week.
Bulls, we are now down to two paths this could take:
Sooner or later.
SkynetX is going to implode markets which will in turn cut off AI from ALL sources of funding. If it doesn't do it Mon-Thursday, it will finish the job Friday.
You heard it here first. And last.