Marios

[Marios @MarPanagio]

@playerTwoQ @gaxrav Usually either the monopoly or the exit, funds the separate businesses in such ways where there could be no competitors. No startup could ever build the Colossus data center.

Yet it's almost certain these things are extremely valuable. This compounds to extremely skewed outcomes

[Marios @MarPanagio]

@CorvusCrypto @gaxrav I mean I find it hard to believe other people, founders & inventors wouldn't want to compete to have a chunk of that 1.1T valuation. Pretty sure lots of talented people want, but for numerous reasons they can't

[Alex Kirsch 🇪🇪⚜️ @AugustKirschner]

Реальность

[Marios @MarPanagio]

@bscholl I used to say "be honest no sugarcoating" and then it went on and roast me 90% of the time.

I think It's better if it's used to simply states the pros and cons of whatever you're saying, without an inherent opinion of itself

[Marios @MarPanagio]

@theo or assuming current AI limitations won't be fixed anytime soon

[Marios @MarPanagio]

@growing_daniel @bryan_johnson @_katetolo 😂

[Marios @MarPanagio]

@alt_ccc @underground_net @FT French & German banks lend money to Greece precisely because it had a much higher interest rate, it's called a risk premium except they didn't take any risk

[Marios @MarPanagio]

@_robyn_smith my take is that billionaires are feeling some heat lately and this statement is releasing the pressure valve

[Marios @MarPanagio]

@alexinexxx solving problems will never be replaced

[Marios @MarPanagio]

@saneord @adcock_brett 😂

[FischerKing @FischerKing64]

In a stable money society, the only thing a person needs to know is to spend less than he earns, and to save. Such a society is perfect for the middle class that just wants to build a home and continue the society.

And it’s better for interest rates to be moderately high, so he can earn bank interest - because the average person has no time or inclination to engage in stock and real estate speculation. Higher interest rates also mean house prices are lower - because they are a place to live and not a speculative investment.

The only people who win on low interest rates are sophisticated schemers who can borrow at zero and make wild investment bets. If they go bad they walk away or file for bankruptcy on the special purpose entity set up for the play. If they score - they take all the gains, and then go on TV and claim special knowledge to credulous CNBC hosts.

We are living in a casino capitalism society that works against middle class savers who just want to contribute to their community.

[Marios @MarPanagio]

@WillRobinson68 @TheMillennial86 @RBReich You spelled it wrong

[Marios @MarPanagio]

@bscholl I doubt a billionaire is a billion times more valuable than his non existent competitors. We should celebrate risk takers, while also keeping the system open so the next person with a crazy idea can try

[Marios @MarPanagio]

@TheMillennial86 @RBReich goverment-granted IP is a monopoly

[Marios @MarPanagio]

@paulg @CarlJWhyte when incumbents prevent creation through capturing 95% of the market, then it's bad.

[Marios @MarPanagio]

@algozeus_ @breckyunits @mikesimonsen free as if losing $138 million the year before the deal. The billions didn't come from users paying for a beloved product. They came from Meta paying to neutralize a competitive threat and fold that audience into an ad-driven ecosystem

[Marios @MarPanagio]

@AndrewYang Nikola Tesla, right ?

[Marios @MarPanagio]

@shadowstrophe @littlejoeward @ArtemisConsort "Tens of thousands of books are published, so it's not winner-take-all"

That's exactly what winner-take-all is. The definition isn't "only one book gets made." It's "a single company receives the majority of available profits"

[Marios @MarPanagio]

@shadowstrophe @littlejoeward @ArtemisConsort "Theres millions of better writers than JK Rowling"

and that's exactly the problem I am pointing. Because of the winner-takes-all mentality, people don't even get the chance to read anything alternative, competition is lost, it's all about IP and rent-seeking after a point