rapsey

17 ms·

271.
by rapsey 2y ago
Economists say China needs to move to a consumer economy. The export model has run out of steam. But turning to a consumer economy is diametrically opposed to the communist party. Just like the soviets, their model works for a while but the
272.
by rapsey 2y ago
Wind-stoked wildfires are not cat4 or something tornadoes.
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by rapsey 2y ago
Absolutely. It means there are lots of investors willing to fund development of new ventures.
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by rapsey 2y ago
Unless the crusaders are also payed by someone to push their crusade.
275.
by rapsey 2y ago
It was quite obvious I was speaking anecdotally.
276.
by rapsey 2y ago
Yes. Quite often you spend hours working on something and when you run it the first time it just works. This is one of the major reasons people fall in love with Rust. There are just very ugly surprises or runtime issues. If it compiles it
277.
by rapsey 2y ago
Google: chips act and dei.
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by rapsey 2y ago
DEI and environmental road blocks come from the other side of the isle.
279.
by rapsey 2y ago
The UK is insanely fumbling their nuclear plant build.
280.
by rapsey 2y ago
Actively is a strong word for what California is doing with their high speed rail.
281.
by rapsey 2y ago
China is the only country in the world with ambition right now. The west can't build anything anymore.
282.
by rapsey 2y ago
Yeah but O-1 requirements are very high and unnecessarily bureaucratic. Simply having the rule of H1B jobs needing to be way above average paid for the position fixes all the abuse problems. But considering the Tesla situation the abuse is
283.
by rapsey 2y ago
H1B jobs should only be for way above average payed positions. You get the geniuses from other countries and keep the average domestic worker. But that would mean government working for its citizens not for the 1% so it will never be change
284.
by rapsey 2y ago
Nice easy intersections. Wide two way streets. Put a waymo in Rome and I will be impressed.
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by rapsey 2y ago
Waymo works in US grid cities on highly modified cars. I know people love hating Musk, but it is still very much up in the air if Waymo will be a better solution than what Tesla or Wayve is doing.
286.
by rapsey 2y ago
> Yes. I've known people with robotics startups, and have visited some of them. They're all gone now. But that was all prior to about 2015. Lots of dotcom busts in the late 90s were concepts that worked 10-15 years later. We ju
287.
by rapsey 2y ago
And if you think everything is a copy from the west you are being naive.
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by rapsey 2y ago
All the areas I listed they are in the forefront and not copying anybody. You are living in the past if you think China is incapable of coming up with new tech. Their stem workforce dwarfes the US and their universities are just as good.
289.
by rapsey 2y ago
China is in the forefront of drones, EVs, batteries, robotics and solar. It can't really be considered much behind the US on AI. I think one day soon the US is going to get a rude awakening of being behind on tech. Probably once they c
290.
by rapsey 2y ago
A well diversified portfolio contains an allocation in gold. If one is not an american it is even more important.
291.
by rapsey 2y ago
BTC is not a threat to gold. No central bank is replacing gold in it's vault with BTC. > I'd like to be obliterated like I've been with BTC going through multiple global crisis :) Crashes don't happen in a vacuum. The
292.
by rapsey 2y ago
You believe an economic crisis means a mad max world? Argentina is still here and has been going through an economic crisis for decades.
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by rapsey 2y ago
Gold is completely valid form of preserving wealth. Massive USD devaluation results is skyrocketing prices of gold. Why people think this leads to a mad max world I don't know. If USD is worthless, it just means people will start using
294.
by rapsey 2y ago
70% is not the end of the world for a single company stock. Plenty have done similar and come out on top (Apple, Meta, Carvana, Netflix, etc.). BTC market cap is lower than nVidia, Apple or MS. But that is not important, what it should real
295.
by rapsey 2y ago
The AI bubble as of now is nothing compared to the dotcom bubble. The only real reflection of it is in the nVidia stock price. We're not seeing IPOs of companies making no revenue and being valued in billions. It is all mag 7 capex goi
296.
by rapsey 2y ago
Gold will always retain value. Stocks and crypto can fall to 0. It is the only asset that has retained high value for thousands of years. When the future in uncertain (like start of a war/pandemic), gold is a safe heaven. Stocks and cr
297.
by rapsey 2y ago
Crypto moves with financial liquidity. If the stock market falls, so does crypto. Gold is for investment diversity not crypto.
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by rapsey 2y ago
Managers and executives get rewarded for pushing AI and CEOs get punished for not having an AI strategy. It is an epic feedback loop.
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by rapsey 2y ago
Any CEO without an AI strategy would get punished by their investors. Public or private. AI market is in a feedback loop which is why it is so powerful.
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by rapsey 2y ago
It is strange in that it is a terrible business. Which is why they are burning money.

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