reply on: Why the Bubble Economy Isn't the Real Economy | Dusty Wunderlich \ stacker news ~econ

310 sats \ 11 replies \ @davidw 2 Mar \ on: Why the Bubble Economy Isn't the Real Economy | Dusty Wunderlich econ

Not sure why but I enjoy reading about prior bubbles. Here's a decent write-up of the dotcom bubble: https://ideas.ted.com/an-eye-opening-look-at-the-dot-com-bubble-of-2000-and-how-it-shapes-our-lives-today/

It became a joke that the dot-coms that started out promising a grand vision of a more efficient way of doing business were — almost to a company — unprofitable.

Feels to me like we're about to embark on a new bubble of epic proportions. At least that's what my gut tells me. It's surely the ultimate fate of AI is it not, for irrational exuberance to drive up the value of stocks, before it gets renamed to something not "artificial"? The internet was the Information Superhighway & cyberspace before it's name stuck. We have yet to see something similar with A.I. There is still scepticism about its impact and that to me shows the bubble has really yet to get going.

149 sats \ 1 reply \ @Undisciplined OP 2 Mar

The example that always comes to mind for me is doorknobs dot com, which had a market cap greater than the entire value of the doorknob industry.

I'm not aware of any examples like that currently, but I'm sure they'll show up.

149 sats \ 0 replies \ @davidw 2 Mar

Love that datapoint.

Completely unrelated but reminds me of https://nobsbitcoin.com. I can’t stop myself reading it as nobs-bitcoin, instead of no-bs-bitcoin 😅

30 sats \ 8 replies \ @grayruby 2 Mar

Damn you just shot up the ranks. What black magic is this you wield?

80 sats \ 0 replies \ @davidw 2 Mar

Ignorance is bliss. Wish I knew

50 sats \ 2 replies \ @Undisciplined OP 2 Mar

Clearly someone important zapped him.

We can really see how important the quality vs quantity calculus is in the rankings. Last I checked, every one of my numbers was higher than elvismercury's and yet he was ahead of me.

30 sats \ 1 reply \ @grayruby 2 Mar

I think it is weight based on the top posts and how early you are zapping and commenting. So he zapped and commented on SN Newsletter first and it is now the number 1 hot post so I think that works in his favour. Since we don't have many days of data I think it is like an average in baseball early in the season, it can swing much more wildly than after you have a 100 ABs under your belt.

50 sats \ 0 replies \ @Undisciplined OP 2 Mar

"It's a marathon not a sprint." "Slow is smooth and smooth is fast." etc.

10 sats \ 3 replies \ @arrivederci 3 Mar

Politely suggest you keep this chatter to places like the saloon. Many (most?) of us are not interested in rankings and it's definitely off-topic here.

0 sats \ 2 replies \ @Undisciplined OP 3 Mar

Just scroll past the comments if they don't interest you.

10 sats \ 1 reply \ @arrivederci 3 Mar

Sorry, but it's an entitled attitude to think you can make off-topic comments under a post and then just say "everyone else can scroll past them"

0 sats \ 0 replies \ @Undisciplined OP 3 Mar

Well, it is my post, so I do feel entitled to permit such comments. You're welcome to downzap them if you want to imprint your preferences on the feed and send comments you don't like to the bottom.