sidereal on Nostr: In marxist terms, a bubble occurs when a good (right now I'm talking about nvidia ...

In marxist terms, a bubble occurs when a good (right now I'm talking about nvidia hardware and stocks, cos none of the rest of it is real) has a high exchange value but little or no utility value and that is exactly what the fuck is going on.

For every element of the tech that's mildly interesting, there are three situations where it's just some underpaid person in another country. Cos it's materially cheaper to pay people to do most of this stuff, and AI won't change that.