Leaked internal Google memo.
Open source wins.
Remember - prices fall to their marginal cost of production!!!
And ONLY #Bitcoin can measure that properly.
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Replies (36)
Fair. Vicuna is though and it's catching up. I see your point. It's a slow Friday I guess. 😅
😂
Notice “arms race “ ?
The Rabbit Hole Revolution is among us. Spread the word!
Very interesting. I need to spend more time looking at the open-source alternatives it would seem.
Jeff, does Bitcoin also fall to the marginal price of it’s production?
Distributed cognition always win.
Open Source for the win!
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Yeager.ai
Of energy + compute + operational costs - yes….But because everything else will be measured against it as it chases abundant energy - doesn’t change that everything else falls against it.
Oh look at that, turns out @Adam Curry was right again.
Your next book can be called.
"How to keep calm during phase transitions"
😃
👀
Idk. Maybe I misunderstood his takes, but I hear him saying that AI buzz is a nothingburger which can't pay for itself.
This shows rather opposite.
I do agree with his point that most of the companies are just grasping for any piece of the buzz to quickly get some of the fiat jizz before it becomes apparent that they can't own it.
bitcoin has a difficulty adjustment…
I want to be hopeful about all this... that AI will be more positive for humanity in the hands of FOSS devs as opposed to Big Tech $ystems Inc. 🤔
😂
I think I need to create a super cut of you saying “prices fall to the marginal costs of production” It is now seared into my brain. Along with.. “Technology is deflationary. DEAL WITH IT!”
Yes
I get where you are coming from but I think the point that @Adam Curry was making is this TOOL (not really AI) is powerful but in no way monitizable but the entrenched tech oligarchs. And that's what this document shows, Google can't make any money when FOSS is already leapfrogging them.
Just plainly true
This is extremely profound. Although it a rather odd choice of words to be calling open source a "faction" as well Google should be well aware of impacts that open source can have and how it has benefited them.
Their mobile OS was based on an open source platform and still maintain AOSP repositories for anyone to build on.
Their web browser has a open source portion that literally ate Microsoft's lunch and is now even utilized by them.
Their OS is based on an open source platform.
Basically their market dominance is because of using this "faction".
Fascinating! Thank you for sharing Jeff.
You use that?
Not exactly what I said.
My overall point is this does not fit their current and apparently only business model that results in advertising.
That market has gone very soft and will eventually come back, but in the intermediate 2-4 years they need to raise money and/or cot costs to survive.
Big companies can make big profits when they own the market and it's halthy. The inverse is also true.
All the hype is to raise money and keep shareholders happy and excited
Fact checking fools:
This is a bot or communist agent.
What are some open source options I can run locally on Linux?
That makes sense. Thanks for clarifying.
I would maybe add that they might come back into squeezing out all the ad money only if they manage to maintain the monopoly over the distribution/attrition. Which I'm not sure is that certain.
Any of the clients who manages to eat up some of their user share is shrinking their pie. Moreover, can vastly undercut their "distribution fees".
They have to keep up the relevance and quality high in order to afford balancing something out of it in their feeds with ads. For new clients, getting the quality is difficult, but they can undercut their ad fees (ad share) without a tear.
Yes the difficulty will adjust with hashrate changes but it’s main function is to keep blocks coming in on avg every 10 min.
🤙💜
Although true for a while now, this public capitulation will have tremendous consequences.
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Absolutely love this!
It's taken me years to understand what you have been saying all along. I'm not a financial guy so am a bit slow. Is there a simple way to explain "Marginal cost of production" . Chatgpt gave me 3 pages of text to read!
Been trying to tighten and try different ways to say the same thing. I think the main problem is that it is hard to accept b/c it challenges everything most people have ever known. A rewiring of synapses.
Thanks Jeff keep up the good message. I'll keep trying to rewire my synapses. Maybe need some psychedelics to help me out! 😉