Here Comes Another Bubble v1.1 - The Richter Scales

Of course it is. FTX collapses (November 2-11, 2022), crypto hustle-scam is over, the decision is made to release whatever there is at the moment at OpenAI to start the next cycle, a few weeks later (November 30, 2022) there we go. Same thing as always: some investors -- mostly white males -- get filthy rich meanwhile some others get exploited -- this time it's Kenyan workers -- and many, many people get hoodwinked and then lose their shirt. Same story, different hype. [this video] did everyone forget? I guess. At we got something out of web2.0 ... but we also got a genocide and a few warped elections / referendums out of it so the jury is still out how history will see it. Crypto was a net negative for humankind in every possible way (except a few people walked away with tons of money of course but at what cost) and now we are facing down this terrible wave of AI. Yay?

Relevant: [this video] , [link] , [link] More seriously I wonder why random signals that appear to be noise but if noticed are actually quite pertinent to predicting trends have such a great effect on people. Example follows: Kennedy later claimed he knew the rampant stock speculation of the late 1920s would lead to a crash. It is said that he knew it was time to get out of the market when he received stock tips from a shoe-shine boy Source: [link] . For example if my mom came to me with an investment decision my response would be a big fat no - might even go out and look at it for a short. If my hairdresser recommended a stock to me - I'd feel immediately like selling. These are by definition low signal events that should be classified as pure noise - but they seem to be a rather useful thought model. So party like it's 1997 - get in and get out.