There's a name for this: it's called the "Byzantine premium" - that's the premium that an investment opportunity attracts by being so complicated and weird that investors don't understand it, making them easy to trick:
https://pluralistic.net/2022/03/13/the-byzantine-premium/
AI is a terrible economic phenomenon. It has lost more money than any other project in human history - $600-700b and counting, with *trillions* more demanded by the likes of OpenAI's Sam Altman.
27/
Cory Doctorow
npub1fd…jlvhs
2026-03-13 02:25:28 UTC
in reply to nevent1q…pzas
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