• bonenode@piefed.social
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    3 days ago

    I think calling it a RAM shortage is a bit incorrect. It is not like we are running out of raw materials or something else in the supply chain is broken. It’s shitty AI companies buying RAM that is not existing yet with money they don’t have. Unfortunately there’s no good term for that, I guess.

    • anomnom@sh.itjust.works
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      2 days ago

      Supply monopolization?

      Consumer fraud?

      Sherman Act cartel market manipulation.

      Section 1 of the Sherman Act prohibits price fixing and the operation of cartels, and prohibits other collusive practices that unreasonably restrain trade.

    • kingofras@lemmy.world
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      3 days ago

      It’s called Imaginary Economics.

      It tends to happen right before a capitalist system fails.

      • Victor@lemmy.world
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        3 days ago

        It tends to happen right before a capitalist system fails.

        How often does this happen that we can claim this correlation? 🤔

        • Venator@lemmy.nz
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          3 days ago

          About once every 350 years… With a sample size of 3… 😅

          • Cocodapuf@lemmy.world
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            2 days ago

            So you’re saying which empires/systems exactly then?

            Spain perhaps? The Holy Roman empire?

            • Venator@lemmy.nz
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              2 days ago

              I was averaging roman, British and Mongolian empires, based on Google AI summary, so take that with a pinch of salt 😅 🧂

          • Victor@lemmy.world
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            3 days ago

            And when do you predict this will occur? When should I have built my nuclear shelter so I know when to start building it?

            • kingofras@lemmy.world
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              3 days ago

              Too late for that I’m afraid. It already happened. It just takes a while before the [citation needed] folks understand that past performance is not a guarantee for future success.

              • Valmond@lemmy.dbzer0.com
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                3 days ago

                Lol sure, any time now, just one more year bro, just one more year and it will collapse bro, promise.

                Maybe the usa will collapse a bit (because those people are often americans that don’t know there are other countries out there) but that’s another story.

                • kingofras@lemmy.world
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                  3 days ago

                  I highly recommend staying ignorant honestly. It’s a much lighter burden to carry than seeing all the datapoints and seeing the collapse as a certainty. Have a good life, seriously.

                  • shneancy@lemmy.world
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                    3 days ago

                    if you want to be treated seriously maybe provide some proof instead of saying that you’re attuned to all datapoints and can therefore see the future lol

        • Rothe@piefed.social
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          3 days ago

          They are creating staggering shortsighted profits, so yes, they are doing that. And of course ignoring what a bubble does in the long run.

    • dust_accelerator@discuss.tchncs.de
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      3 days ago

      I like electron finance

      Their exact location cannot be pinpointed; instead, they exist in a probability cloud where they are likely to be found at any given time.

      That’s what this hype cycle is founded on. If I lend you $5, you have $5 you can lend further. Now, we each still have a right to $5, so we can lend that debt obligation again for $4.50. Now we have, somehow, a market value of $19.

      Until someone looks, then it’s probably 0.

      • BigDanishGuy@sh.itjust.works
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        3 days ago

        It’s a racket, plain and simple. There used to be laws against this sort if thing.

        Keyword: used to

        I hope that it was worth it, and that America is great again. Let me just check some news articles… Oh my