Coffee and a Mike Karl Denninger aka The Ticker Guy #1055
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Jan 28, 2025 Karl Denninger, author and owner of market-ticker.org, dives deep into the grift in AI and critiques major tech companies, especially NVIDIA. He discusses Trump's potential economic strategies and the FAA's drone confirmations. Denninger reveals alarming truths about misinformation in the digital age and the challenges of enforcing legal protections against powerful entities. Cryptocurrencies come under scrutiny for their complexities, while he emphasizes the need for stability in currency amidst growing economic fragility.
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Money vs. Credit
- Money is earned through productive activities, like refining oil and selling its products.
- Credit is a promise of future value, and cryptocurrencies are private credit emissions.
Cryptocurrency's Lack of Utility
- Cryptocurrencies lack inherent value and utility, serving only as speculative assets.
- Their supposed stability is questionable, exemplified by Rumble's tender offer discrepancy.
AI's Copyright Conundrum
- AI models require vast amounts of training data, much of which is copyrighted.
- Using copyrighted data without permission poses a significant legal and financial risk for AI companies.