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One key difference in all of this is that people were not predicting the dotcom bubble, so there was a surplus left after it popped. It was a surprise. This AI

One key difference in all of this is that people were not predicting the dotcom bubble, so there was a surplus left after it popped. It was a surprise. This AI bubble already has lots of people with their forks and knifes waiting to capitalize on a myriad of possible surpluses after the burst. There's speculation on top of _the next bubble_ and how it will form, even before this one pops. That is absolutely disgusting, by the way.

pixl97 1y ago
> of _the next bubble_ and how it will form This is how humans have worked with pretty much every area of expansion in at least the last 500 years and probably longer. It's especially noticeable now because the amount of excess capital in the world from technological expansion makes it very noticeable and a lot of the limitations we know of in physics have been ran into, so further work gets very expensive. If you want to stop the bubbles you have to pretty much end capitalism, if which capitalists will fight you about. If AI replaces human thinking and robots human labor that 'solves' the human capital problem but opens up a whole new field of dangerous new ones.
- alganet 1y ago
  No, that's not how capitalism works. Debt is not the same thing as a speculation bubble.
  - pixl97 1y ago
    Capitalism is what capitalism does.
    - alganet 1y ago
      Ok buddy.
tim333 1y ago
>people were not predicting the dotcom bubble I don't know if you were there at the time but saying wow what a bubble was much of the conversation back then. I don't know if it was predicting it as saying gosh just look - you can take any company and put ".com" in the name and the stock goes up 5x, it's nuts.
- alganet 1y ago
  Was there anyone saying "wow, when this bubble bursts there will be infrastructure everywhere!"? It seems that in the current AI craze, some people stopped saying "it's nuts" and started saying "it will leave something nuts in its place!". As if the bubble had already burst! Do you understand better now what I am trying to say?
  - tim333 1y ago
    Sort of. I don't remember "wow, there will be infrastructure everywhere!". It was kind of more will they hurry up and build more infrastructure as it was seriously bad in 1999. I only had slow unreliable dial up. General broadband availability didn't happen till about a decade later and I still don't have fiber where I am in central London. That's one difference - people wanted internet access, were willing to pay and there was a shortage. This time they've built more LLM stuff than people really want and they have to shove it into everything for free.

pixl97 1y ago

> of _the next bubble_ and how it will form This is how humans have worked with pretty much every area of expansion in at least the last 500 years and probably longer. It's especially noticeable now because the amount of excess capital in the world from technological expansion makes it very noticeable and a lot of the limitations we know of in physics have been ran into, so further work gets very expensive. If you want to stop the bubbles you have to pretty much end capitalism, if which capitalists will fight you about. If AI replaces human thinking and robots human labor that 'solves' the human capital problem but opens up a whole new field of dangerous new ones.

alganet 1y ago
No, that's not how capitalism works. Debt is not the same thing as a speculation bubble.
- pixl97 1y ago
  Capitalism is what capitalism does.
  - alganet 1y ago
    Ok buddy.

tim333 1y ago

>people were not predicting the dotcom bubble I don't know if you were there at the time but saying wow what a bubble was much of the conversation back then. I don't know if it was predicting it as saying gosh just look - you can take any company and put ".com" in the name and the stock goes up 5x, it's nuts.

alganet 1y ago
Was there anyone saying "wow, when this bubble bursts there will be infrastructure everywhere!"? It seems that in the current AI craze, some people stopped saying "it's nuts" and started saying "it will leave something nuts in its place!". As if the bubble had already burst! Do you understand better now what I am trying to say?
- tim333 1y ago
  Sort of. I don't remember "wow, there will be infrastructure everywhere!". It was kind of more will they hurry up and build more infrastructure as it was seriously bad in 1999. I only had slow unreliable dial up. General broadband availability didn't happen till about a decade later and I still don't have fiber where I am in central London. That's one difference - people wanted internet access, were willing to pay and there was a shortage. This time they've built more LLM stuff than people really want and they have to shove it into everything for free.