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the oldheads are snickering at dotcom 2.0 from behind their gray beards.
by mml 11mo ago
the oldheads are snickering at dotcom 2.0 from behind their gray beards.
- gizajob 11mo agoAnd slowly building up their shorts and keeping cash on the sidelines to short harder when it finally all comes crashing down.
- fred_is_fred 11mo agoThe problem with shorts is that bubbles can expand well beyond rationality. Cash or bonds is what I am doing.
- hattmall 11mo agoThat's not a problem at all, you just roll some of your bull market gains into close dated ATM puts periodically. If the market is sideways sell calls.
- qcnguy 11mo agoGenuinely curious, why do you need close dated ATM puts. If all you care about is protecting upside can't you just put in limit orders.
- infamouscow 11mo agoBitcoin miners have also been sitting on the sidelines waiting for this too. Compute is a hard resource, inextricably linked to money, time, and energy. The math doesn't work in Sam's favor, no matter how much smoke he blows up your ass. It's going to be interesting when all these GPUs are repurposed to mine Bitcoin, and people try to forget falling for the hysteria that somehow you can arrive at AGI from a glorified markov bot.
- fred_is_fred 11mo agoIs there any difference in a GPU that's good at bitcoin mining versus one that's good for AI work? Or to ask another way is all the compute being built-out now able to be repurposed for mining?
- rsynnott 11mo ago> Is there any difference in a GPU that's good at bitcoin mining versus one that's good for AI work? No GPU is good for bitcoin mining; that's all been ASICs for a long time. Even before anyone got around to making ASICs for it, FPGA-based designs had displaced GPU mining. Bitcoin mining is very, very simple. Some altcoins use GPUs.