Comment on The RAM shortage is coming for everything you care about

bonenode@piefed.social ⁨1⁩ ⁨month⁩ ago

• kingofras@lemmy.world ⁨1⁩ ⁨month⁩ ago

  It’s called Imaginary Economics.

  It tends to happen right before a capitalist system fails.

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  • victorz@lemmy.world ⁨1⁩ ⁨month⁩ ago

    It tends to happen right before a capitalist system fails.

    How often does this happen that we can claim this correlation? 🤔

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    • Venator@lemmy.nz ⁨1⁩ ⁨month⁩ ago

      About once every 350 years… With a sample size of 3… 😅

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      • victorz@lemmy.world ⁨1⁩ ⁨month⁩ ago

        Better than no samples I guess!

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      • Cocodapuf@lemmy.world ⁨1⁩ ⁨month⁩ ago

        So you’re saying which empires/systems exactly then?

        Spain perhaps? The Holy Roman empire?

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    • kingofras@lemmy.world ⁨1⁩ ⁨month⁩ ago

      It’s about to. The very nature of it, means you can only have a sample size of one.

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      • victorz@lemmy.world ⁨1⁩ ⁨month⁩ ago

        And when do you predict this will occur? When should I have built my nuclear shelter so I know when to start building it?

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  • blah3166@piefed.social ⁨1⁩ ⁨month⁩ ago

    Can I coin the term imagineomics?

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  • boatswain@infosec.pub ⁨1⁩ ⁨month⁩ ago

    [citation needed]

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  • 1984@lemmy.today ⁨1⁩ ⁨month⁩ ago

    When has this happened before?

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  • UnderpantsWeevil@lemmy.world ⁨1⁩ ⁨month⁩ ago

    I’m not holding my breath.

    We’ve been hearing about an AI crash practically since the hype train started.

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    • vaultdweller013@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

      People can see the trends and see how it will probably break down in some way, the problem is that the market can stay irrational longer than we can stay solvent. It helps that these dipshits seem to have forgotten that money equals abstract resources and creating new resource issues that’ll certainly put pressure on them in a more direct way either through legislation or via sabotage of required infrastructure.

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    • daddycool@lemmy.world ⁨1⁩ ⁨month⁩ ago

      It’s the biggest bubble seen to date. It has all the characteristics, and it will crash eventually.

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  • BreakerSwitch@lemmy.world ⁨1⁩ ⁨month⁩ ago

    Is this a thing? Because what comes to mind for me is “the market can remain irrational longer than you can remain solvent,” which just happens sometimes

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• Whostosay@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

  The term was well established centuries ago.

  FRAUD

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• Goodlucksil@lemmy.dbzer0.com ⁨1⁩ ⁨month⁩ ago

  Yes there is: it’s a Ponzi scheme (AI companies will fail when they get no new funds to pay off the stockholders)

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  • jaybone@lemmy.zip ⁨1⁩ ⁨month⁩ ago

    Are they paying off stockholders?

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    • Rothe@piefed.social ⁨1⁩ ⁨month⁩ ago

      They are creating staggering shortsighted profits, so yes, they are doing that. And of course ignoring what a bubble does in the long run.

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    • Goodlucksil@lemmy.dbzer0.com ⁨1⁩ ⁨month⁩ ago

      Those who bail out only.

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• dust_accelerator@discuss.tchncs.de ⁨1⁩ ⁨month⁩ ago

  I like electron finance

  Their exact location cannot be pinpointed; instead, they exist in a probability cloud where they are likely to be found at any given time.

  That’s what this hype cycle is founded on. If I lend you $5, you have $5 you can lend further. Now, we each still have a right to $5, so we can lend that debt obligation again for $4.50. Now we have, somehow, a market value of $19.

  Until someone looks, then it’s probably 0.

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• sefra1@lemmy.zip ⁨1⁩ ⁨month⁩ ago

  Unfortunately there’s no good term for that, I guess. Market manipulation?

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• Diplomjodler3@lemmy.world ⁨1⁩ ⁨month⁩ ago

  It’s a racket, plain and simple. There used to be laws against this sort if thing.

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  • BigDanishGuy@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

    It’s a racket, plain and simple. There used to be laws against this sort if thing.

    Keyword: used to

    I hope that it was worth it, and that America is great again. Let me just check some news articles… Oh my

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• gressen@lemmy.zip ⁨1⁩ ⁨month⁩ ago

  It is a shortage caused by artificial demand rise.

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• Blue_Morpho@lemmy.world ⁨1⁩ ⁨month⁩ ago

  A mismatch between supply and demand is called a shortage. The source is irrelevant.

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• anomnom@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

  Supply monopolization?

  Consumer fraud.

  Sherman Act cartel market manipulation.

  Section 1 of the Sherman Act prohibits price fixing and the operation of cartels, and prohibits other collusive practices that unreasonably restrain trade.

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• Appoxo@lemmy.dbzer0.com ⁨1⁩ ⁨month⁩ ago

  We have RAM supply shortage.
  Now better? god…

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• 0x0@lemmy.zip ⁨1⁩ ⁨month⁩ ago

  It’s shitty AI companies buying RAM

  It’s greedy manufacturers selling it all to them in the first place and other market segments be damned.
  I’m no AI fan but the manufactures aren’t angels either.

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  • AA5B@lemmy.world ⁨1⁩ ⁨month⁩ ago

    The shovel makers and shovel sellers always get rich in a gold rush

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  • Blue_Morpho@lemmy.world ⁨1⁩ ⁨month⁩ ago

    If your boss offered you a raise for the same work, would you turn it down?

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    • 0x0@lemmy.zip ⁨1⁩ ⁨month⁩ ago

      Not the same.

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      • Blue_Morpho@lemmy.world ⁨1⁩ ⁨month⁩ ago

        The money is fixed. You getting a raise means the money has to come from somewhere- which means the boss taking a pay cut or the customers paying more.

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