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Comment by an0malous | Hacker News Reader

The VCs and bloggers have also shifted tone and are hedging to save themselves from embarrassment. It used to be “AGI is just around the corner” and now it’s “Just because we haven’t figured it out yet doesn’t mean we never will” (Andreesen) or “Actually bubbles are good” (Stratechery).

Gary called it a long time ago but I think the Dwarkesh and Karpathy podcast is when the shift started.

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The Ben Thompson take attempting to find a lemonade in the lemons is the most terrifying: the bubble will pop and leave us with… excess electric generation capacity? (And bankrupt power producers?)

We truly live in the dumbest timeline.

Something to note about this craze and Crypto is that the world is full of bozos who do not think deeply whatsoever.

I’d also add these lessons I’ve personally learned:

- Greed is blinding even to intelligent people, especially greedy people in groups

- Society is incredibly vulnerable to lying, we mostly rely on the disincentive that people usually feel bad about it, but the ones who don’t can get away with anything.

- There’s really only a subtle difference between many successful startups and Ponzi schemes. Sam Altman’s grift is only one level more sophisticated than SBF or Elizabeth Holmes

- Thinking the present is somehow special and unlike similar past events or trends.

I don’t think that’s the case. The relatively small cabal of people driving this stuff are all pretty weird people who live atypical lives and are hella smart, aware, and unconstrained.

They don’t care about the wake of destruction, and likely believe that it is virtuous to bring it on.

So many goons on here who keep flagging submissions like these, or trying to discredit them with superficial criticism ("he keeps saying the same thing!"). It's sad this behavior doesn't get modded.

Edit: lol at the downvotes. You're just proving my point, goons.

I pity them. They are not as far ahead in life and understanding as they want to be or are supremely deluded.

I just wished the bozos actually replied to the post instead of hiding behind a button.

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