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Gru Finds Out Doomsday Was Real (europe.pub)
submitted 4 weeks ago by to c/memes@lemmy.world
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This is just meme nothing personal make sure to share it with your friends

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[–] 21 points 4 weeks ago* (8 children)

TBH I doubt that the AI bubble is going to burst that soon. If at all - the Bitcoin bubble still hasn't burst, and it's been going for longer.

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  • [–] 1 point 4 weeks ago (3 children)

    Bitcoin isn't a bubble. Bubbles aren't just technologies that are controversial which some people hype up.

    Bubbles are purely about investment behavior, whether the tech works or not. It's an investment environment where businesses are propped up by investor funds and they're not profitable, and they keep growing and growing because people keep unsustainably investing in them, until the money runs out and then the businesses sometimes close overnight like WebVan did, because they couldnt afford literal payroll anymore.

    Lots of startups will be in the red for a bit but these companies take it to the extreme. Pets.com was shipping petfood at below cost. OpenAI and Anthropic are basically selling tokens below cost. They're competing for data and not profitable.

    They invested a trillion dollars into AI and plan a trillion more in 2027. The US economy is basically propping this up. This is not at all like the crypto shit. I'm sure there were a few small crypto companies that collapsed overnight after a few specific investors realize they were being scammed, but that's not what a bubble is. This is all the investors suddenly realizing AI isn't worth it at once or just not having the funds to keep pumping it up.

    Bitcoin didn't go away, even if there were small over hyped bullshit crypto businesses. The internet sure as fuck didn't go away even though the dot com bubble was real as hell. AI won't necessarily go away either but we will face economic hell when they stop investing in it like it's the next industrial age.

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  • [–] 5 points 4 weeks ago (2 children)

    Bitcoin didn't really make it as a currency, though - as far I can tell it's mostly used as a investment vehicle. What's the actual value behind all the billions invested in it?

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  • [–] 5 points 4 weeks ago

    Bitcoin doesn't require any business propping it up. It is a decentralized ledger.

    As long as people trade with it, it has value. No one needs to advertise it. No one needs to market it. You still see malicious scams take advantage of using it to exfiltrate funds. Ransomware still demands it.

    It actually works pretty damn well at what it does. People love to hate on it but I never saw it going away or any bubble there. It was always a decentralized technology. The US could collapse tomorrow and Bitcoin would still be around and valuable.

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  • [–] 1 point 3 weeks ago

    Bitcoin has value as a means to be valuable. It doesn't actually need anything else.

    It's a great example of it is what it is because of how it is.

    The very concept of investment is more or less distilled down with crypto. You get an unattached vehicle that is no more or less then just a means to a end.

    So ANYTHING that needs to move value can use it. Literally ANYTHING. Which means that everything can use it, including illegal or questionable things.

    And in that regards it's been a major success!

    And since it's being moved and valued anywhere by anyone for any reason it sustains a level of value which means others can use it for legit and legal uses. Which self reinforces it.

    It's literally a perpetual motion machine in a sense. It's valuable because it's used. And used because it's valuable.

    It's not a bubble, it's no different then a seashell being used as currency, or a shiny rock. It's just a means to a end.

    A tool.

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    • [–] 3 points 4 weeks ago (1 child)

    Wrong, because the movie would be called "Happiness," "Utopia," or "Am I in heaven"?

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  • [–] 1 point 4 weeks ago

    Not that the AI bubble doesn't need to burst because it does just like any boil needs to be lanced...

    However it is going to be painful as fuck for a lot of people and I'd hardly call it heaven. It might trigger the next depression for all we know. People think things are bad now and hard to afford and we haven't even seen the long term effects of this crazy fucking investment behavior and dumbass tariffs. The AI dust bowl is coming and our costs of living will skyrocket from what we consider high right now.

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