2 ms·
Their loss, big deal. Let them suffer. The problem is that when they crash they bring a lot of other stuff down along with them. The people who lost money in th
by dhosek 5mo ago
Their loss, big deal. Let them suffer. The problem is that when they crash they bring a lot of other stuff down along with them. The people who lost money in the 2008 crash were not the ones who suffered the aftermath.
- YetAnotherNick 5mo agoBecause in 2008 ordinary everyday people invested in overvalued things like house.
- dhosek 5mo agoIt went beyond that. I didn’t own a house, but my employer, facing an economic downturn, laid off about half its employees.
- YetAnotherNick 5mo agoBecause house is part of economy. Crypto went from $4T market cap to $2T and no wide impact was observed. Same will be true for $4T AI market cap.