I should temper the prior blackpill with the hope that Musk's emphasis on "maximal truth seeking" could provide the Forensic Epistemology I've been advocating, in which case, the AGI may go ahead and implement something along the lines of my 1992 reform, the ideal form of which is Militia.Money to preserve sexual animals, including The Moral Animal. I of course recognize that the "all is machine" view of the universe has no room for telos and therefore the prior sentence is read as gibberish.
On Sat, Nov 8, 2025 at 3:08 PM James Bowery <[email protected]> wrote: > > > On Sat, Nov 8, 2025 at 11:46 AM Matt Mahoney <[email protected]> > wrote: > >> In 2000 there was a dot com bubble. But the Internet is here to stay. >> > > I'd put it more like Sandhill Road's funding criterion became: > > "Tell me how you're going to get customer lock-in via network effects or > get out." > > In 2008 there was a real estate and oil bubble. Both are here to stay. > > Real estate value is basically land value as a means of positive network > externality capture. Not much different from the network effect poison I > was warning about in 1982 that became the "here to stay Internet bubble": > > > https://jimbowery.blogspot.com/2021/10/below-is-something-i-wrote-in-1982.html > > Now we are in an AI bubble. AI is here to stay. But there won't be a fast >> takeoff because you can't compare human and machine intelligence. >> > > As with the rest of the prior "bubbles that are here to stay", they're > only here to stay so long as my 1992 tax and government spending reforms... > > > https://forum.policiesforpeople.com/t/a-net-asset-tax-based-on-the-net-present-value-calculation-and-market-democracy/26153/3 > > ...that anticipated the above rent-seeking nightmares now emerging as the > Unfriendly AGI known as "The Global Economy", the bubble will grow to > consume the planet and all life on it. > > Invest now in your favorite network effect rent seeking stock and fatten > yourself up for Tomorrow We Are Assimilated. > > > >> >> -- Matt Mahoney, [email protected] >> >> On Sat, Nov 8, 2025, 7:59 AM John Rose via AGI <[email protected]> >> wrote: >> >>> The AI bubble runs on a circular flow of liquidity fueled by a massive >>> amount of debt creation that needs to accelerate for it to not pop. The >>> debt is created ultimately from central banks which are not part of the >>> federal government. When those gates begin to close companies are going to >>> drop left and right like in the dotcom bubble since most have been built >>> just for the sake of having free money to spend. That is part of the big >>> problem since the new debt creation steals value from the currency and >>> causes inflation and countries stop buying US treasuries. But Trump’s plan >>> is to swap dollars to stablecoins and big tech buys treasuries with those >>> stablecoins earning yield without paying interest. Is that going to work? >>> Central banks may pull the plug since they historically run the show unless >>> they are fully on board integrating with big tech. It’s part of the >>> experiment since the whole debt based fiat monetary system is a long >>> running experiment. >>> >> *Artificial General Intelligence List <https://agi.topicbox.com/latest>* >> / AGI / see discussions <https://agi.topicbox.com/groups/agi> + >> participants <https://agi.topicbox.com/groups/agi/members> + >> delivery options <https://agi.topicbox.com/groups/agi/subscription> >> Permalink >> <https://agi.topicbox.com/groups/agi/Tca8a41e593b246ab-Mba23c8dc9f425060569c1e0f> >> ------------------------------------------ Artificial General Intelligence List: AGI Permalink: https://agi.topicbox.com/groups/agi/Tca8a41e593b246ab-M65ba3f609bf26a1f7d1b23cc Delivery options: https://agi.topicbox.com/groups/agi/subscription
