AI bubble burst this week? OpenAI under significant stress
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Wouldn't make much sense if there are ASICs
Egalitarian PoW don't work better on custom hardware. You're just thinking of bitcoin
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Unless energy prices go down a bunch I don't see it being profitable, but I could be wrong
Energy prices have gone down a ton. Solar is like 1,000 times cheaper than it used to be.
Most crypto miners run on renewable energy.
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Yah thats what I was noticing, my power bill only goes up…never down lol.
Have you tried installing solar panels?
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Egalitarian PoW don't work better on custom hardware. You're just thinking of bitcoin
Egalitarian PoW don’t work better on custom hardware.
I mean it could... Even for Egalitarian PoW. You'd have to make the ASIC specifically for the exact PoW you're trying to target, and you're going to end up with something pretty exotic that's going to be easy enough to invalidate by altering the PoW. But, you could...
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"Too big to fail" (TBTF) is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected with an economy that their failure would be disastrous to the greater economic system, and therefore should be supported by government when they face potential failure.[1] The colloquial term "too big to fail" was popularized by U.S. congressman Stewart McKinney in a 1984 Congressional hearing, discussing the Federal Deposit Insurance Corporation's intervention with Continental Illinois.[2] The term had previously been used occasionally in the press,[3] and similar thinking had motivated earlier bank bailouts.
So exactly what I said. They might get bailouts to avoid failure.
In 1994, Continental was acquired by Bank of America to expand its presence in the Midwest
So it went kaput anyway, which is what I meant
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In 1994, Continental was acquired by Bank of America to expand its presence in the Midwest
So it went kaput anyway, which is what I meant
It didn't go bankrupt it just got bought out.
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It didn't go bankrupt it just got bought out.
It ceased to exist, so failed. Too big for that, they said?
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I think they want to use the bubble bursting to punish attempts to regulate them, like a form of capital strike.
"Oh, you want to restrict data center development? Well we'll blow up the economy! Fuck you!"
The bubble will stay inflated as long as they need it as a threat to keep the new Dem majority in line.
seems fair, people should have enough money in reserve to survive a good recession or two anyways.
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seems fair, people should have enough money in reserve to survive a good recession or two anyways.
Unless inflation keeps increasing.
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I got really excited, wanted to read more, and then realised there was no source linked.
Source for $30B bonds sought, $11B sold. Couldn't find anything about the rest of the claims.
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