@AlexH_Johnson It's not a puzzle at all. We've seen decades of fintech/neobank booms and busts at this point. This is a side project motivated by an overblown debanking story. The investor endgame is obvious.
@lessin From the perspective of a first stage rocket booster, eventually the world starts spinning and all of the stabilizing forces seem to have disappeared with shocking suddenness. For those of us on the ground, however, it is simply falling back down to earth.
@doctorow The casino analogy is less compelling than it appears on first glance. Even in casino land payouts are still competitive, and LLM usage isn’t a zero sum game between user and infra.
@vtlynch1 @Lucky8Token @rationalhumanis@ArmandDoma It’s not laundering, it’s just how commercial real estate works. If you ever happen to see a large commercial syndicated loan document for example there are layers and layers of holding companies and business entities. Not sure why you think it’s a conspiracy theory.
@JamesSteidle@RJPilkenton@Noahpinion@ATabarrok New entrants (I.e., "competition") are a continuous check on companies with a large market share. why are all those poor communities oppressed by Walmart generally paying lower prices for everything compared to those in cities? Is this a conspiracy playing out over generations?
@stevehou It’s because cost of capital is meaningless in the big scheme. Who cares if you’re borrowing at 1% or 10% when you have one shot to succeed vs. somebody from the aristocracy with infinite runway? It’s simply access to capital. Dumb rich people are doing pretty well too you know.
@RnaudBertrand Carbon emissions directly or indirectly affect all of those other factors. This is actually making the opposite point. Carbon is the easiest thing to quantify. Tax it. Yet we can’t do it effectively. And now people think what’s really going to get us there is “biodiversity?” 🤡