Why was it not outlawed post dotcom crash? This was exactly the thing that led to the dotcom crash.
replyThat would require regulators to actually pay attention, something they haven’t done actively since a long, long time
replyFirst step would be to prevent the regulators from profiting to begin with.
replyIn my experience, if we don't (meaningfully) root out corruption and ineptitude, we will continue to be governed+leveraged by one/both.
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replyOutlaw what? Prevent companies from selling goods and services to each other?
replyThe problem described isn't companies buying goods and services. It's buying from an entity they partially own and then profiting as that entity becomes more valuable because of the purchase.
replyIt’s still very tenuous you can’t prevent companies that own 5% of other companies from buying services from the that company
replyWe can prevent anything we want. If there's a major AI crash analogous to the Depression, we'll probably institute a lot of new regulations.
replyYes, if it's done with an intent to defraud the general population, which could be the case here. Effects and intent really matter when deciding actions.
replyExcept the regulators first outlawed what is generally considered to have caused the great depression (savings banks allowed to invest, which translates to very, very rich people being allowed to take massive risks with poor people's money) ... then re-legalized it.
replySo not only are the regulators not going to allow things that cause another great depression, they're allowing the things that caused the first great depression too. They must want a rerun.
(Because if you don't allow this you're effectively demanding the extremely rich make good investments to stay rich ... and not even France, otherwise pretty socialist, dares to go that far)
it's not about that. it's about how it gets reported in their financials.
replyI think SpaceX should be valued on rockets n space n stuff, not how many magical calculator dollars they bring in.
replySurely Google can "make compute go" for $1b/month. Nice way to avoid holding the bag, maybe?
The market seems to value both rockets and magical calculators.
replyI mean, we all understand that this is some sort of circular financial play, but at the end of the day Google is paying SpaceX $1 billion for compute. This is no different from AWS or Azure.
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