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2025-09-28 21:54:11 UTC

Rob Landley on Nostr: The AI "infinite money glitch" is called a wash trade: [@molly0xfff]( ) did a good ...

The AI "infinite money glitch" is called a wash trade: https://bsky.app/profile/edzitron.com/post/3lzjprizgc224

[@molly0xfff](https://hachyderm.io/@molly0xfff ) did a good podcast about how FTX and Alameda sent the same money back and forth, booking it as revenue each time. "My friend and I each received $1000 today... by passing the same $20 back and forth." See also Enron. Microsoft's "investment" in OpenAI included $billions in Azure cloud computing credits, yet OpenAI's use of Azure is part of Microsoft's revenue estimates:
https://medium.com/@venugopal.adep/the-2-6b-azure-credit-how-microsofts-cloud-became-openai-s-secret-weapon-1f7e2f9b0330