@cstross @davidgerard And unfortunately, it's irritatingly hard to know when the bloody bubble is going to *pop*.
I vividly remember sitting out both the rise and fall of the dotcom bubble -- being a bit sad about missing all the enormous gains, but reasonably content when it all fell to earth. I expect the same will be largely true this time around.
1. Stupid things can go on much longer than they should.
2. Stupid things funded by a not-technically-a-Ponzi scheme can go on even longer than that.
I am pretty sure the AI bubble is in the second class. The VCs are Enronning frantically, throwing around billions in book values and trying desperately not to require actual cash dollars.
Jun 22, 2025, 10:00 PM@davidgerard @jducoeur @cstross how do I submit the verb form of Enron to Miriam and/or Webster to become the word of the year? it deserves it more than vibecoding in every way possible