this post was submitted on 30 May 2026
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[–] eestileib@lemmy.blahaj.zone 38 points 7 hours ago (2 children)

It's fucking FTX again.

Right in front of everybody.

Capitalists are stupid.

[–] mrmisses@lemmy.world 8 points 7 hours ago (1 children)
[–] r4venw@sh.itjust.works 17 points 5 hours ago

The short version is crypto company that was run by a pseudo-intellectual tech bro who tried to altruism-wash his image and lobbied both dems and gop to get what he wanted.

[–] siftmama@lemmy.world 2 points 5 hours ago

Except AI has a limited but valid use case, where FTX was straight up a scam. Will get back to you if (and that's a big if) they discover a way to do AGI.

I do agree though. It isn't far off from from what SBF did. All this money circlejerk has a limited run. I've stopped investing past couple of months. Will see if I lose or win.