Crypto bros in hindsight were so much less dangerous than AI bros. At least they weren't trying to construct data centers in rural America or prop up artificial stocks like $NVDA.

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SauntSolaire 3 hours ago | parent | next [-]

Instead they were building crypto mining warehouses in rural America and propping up artificial currencies like BTC.

	▲	ryandrake an hour ago \| parent [-]
		Crazy how the two most hyped and funded technologies of the decade were: energy wasting fake money for criminals and energy wasting plagiarism machines.

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mgfist 37 minutes ago | parent | prev | next [-]

It's funny how people complain about the rust belt dying and factories leaving rural communities and so on, then when someone wants to build something that can provide jobs and tax revenue, everyone complains.

	▲	jakeydus 21 minutes ago \| parent \| next [-]
		How many people are employed at the average data center? A few dozen? Versus a steel mill, that’s nothing. A chicken plant in Nebraska closed down this last month. 3200 people lost their jobs. You think Meta will fill it with GPUs and the whole town will have jobs again?
	▲	lostlogin 27 minutes ago \| parent \| prev [-]
		I’ve heard about the risk of AI leading to job losses and wealth concentration. I haven’t heard about new businesses, job creation and growth in former industrial towns. What have I missed?

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zahlman 3 hours ago | parent | prev | next [-]

Speaking of which, we never found out the details (strike price/expiration) of Michael Burry's puts, did we? It seems he could have made bank if he'd waited one more month...

	▲	kamranjon 3 hours ago \| parent [-]
		I think they expire in March 2026 if the NVIDIA stock drops to $140 a share? Something close to that I think.

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quaintpartridge 4 hours ago | parent | prev [-]

They were, just not as many. https://www.wired.com/story/the-worlds-biggest-bitcoin-mine-...