Well, seems like he learned his lesson. Would have been better if he had learned it before his bad advice got children killed, but at least he learned instead of doubling down.

Mistaking the map for the territory. The argument isn’t that bitcoin is bad because it’s used to buy drugs, it’s bad because the network would choke if it even had to handle the economic activity of a moderately sized town.

Fun fact, but you can’t really do much if the police decide to just take your stuff, because they have guns. And likely more than you do.

The problem is that even confirmed abuse does not get prosecuted. Adding more evidence won’t help.

Car transit is literally the least cost efficient method of travel, and only affordable because it’s heavily subsidized.

The problem isn’t the data center, but rather that the data center is being wasted on running AI. AI is a uniquely wasteful application, like crypto mining. If the data center does something actually useful, then it might provide utility greater than its expenses and externalities.

People claim to be effective altruists when they can’t claim that they’re altruists.

Sees article about a new and innovative embezzlement method. Concludes that they’re out of ideas.

And somebody buying from the scammer could get a legitimate card, thus allowing the scammer to blend in.

What’s that, and why should it be destroyed?

Million dollar company sounds impressive, but I don’t think that is impressive. Like twenty employees already imply a million or more in expenses annually, and require corresponding revenue to sustain.

More like a terabyte.

In addition, we haven’t even come up with a definition of intelligence.

Well, we’re still at least one breakthrough away from AGI, and we don’t even know how it will go from there. Could be that humans are already near the maximum of what is possible intelligence wise. As in, the smartest being possible is not that much smarter than the average human. In which case, AGI taking over the world would not be a given.

Essentially, talking about the threat posed by ASI is like talking about the threat posed by Cthulhu.

AI companies are buying up all of the RAM in a futile bit to reach AGI.

Same way you short anything else, you borrow it, sell it, and then buy it back once the price has dropped, and return it.

Investors could be bailed out. As in you invested 10e11$, so now the government gives you that money back.

Market cap is just share price times the number of shares. Can potentially be completely divorced from how well your company is actually doing. Conversely, a drop or rise in market cap doesn’t have to mean your company is doing better or worse. If you’re selling shovels, you still have the money when the music stops.

I bury corpses.

Hmm, that actually sounds like you run body disposal for organized crime.

In a gold rush, the real money is in selling shovels. But you have to take cash upfront.