Posted by delaugust 11/19/2025
Seems like AI killed blockchain just like the war in Ukraine killed COVID.
If you just wanted land, water, and electricity, you could buy them directly instead of buying $100 million of computer hardware bundled with $2 million worth of land and water rights. Why are high end GPUs selling in record numbers if AI is just a cover story for the acquisition of land, electricity, and water?
When a private company can construct what is essentially a new energy city with no people and no elected representation, and do this dozens of times a year across a nation to the point that half a century of national energy policy suddenly gets turned on its head and nuclear reactors are back in style, you have a sudden imbalance of power that looks like a cancer spreading within a national body.
- Trump is threatening an oil rich neighbor with war. A complete expensive as hell army blowing up 'drug boats' (claim) to make help the press sell it as a war on drugs. Yeah right.
- Green energy projects, even running ones, get cancelled. Energy from oil and nuclear are both capital intensive and at the same time completely out-shined by solar and battery tech. So the energy card is a strong one to direct policy towards your interests.
If you can turn the USA into a resource economy like Russia, than you can rule like a Russian oligarch. That is also why the admin sees no problem in destroying academia or other industries via tariffs; controlling resources is easier and more predictable than having to rely on an educated populace that might start to doubt the promise of the American Dream.
Also, it may be true that these companies theoretically have the cash flow to cover to spending, but that doesn't mean that they will be comfortable with that risk, especially as that risk becomes more likely in some kind of mass extinction event amongst AI startups. To concretize that a bit, the remote possibility of having to give up all your profits for 2 years to payoff DC investment is fine at 1% chance of happening, but maybe not so ok at a 40% chance.
What's happening now is already pretty incredible given the understanding that we're basically still at the 'chat bot' stage for most people. The idea of agency is still very, very recent, but it's understandable that most people (particularly non SDs) are not impressed.
It's easy to look at the present and be cynical. If it is only able to solve your problem 95% of the time, you still can't trust it. I think the bets are really about how far we are from 99%, even for random stuff. The fact that a chatbot that was never explicitly trained to, just by predicting next probable tokens is wild. The pace of improvement in the past 5 years has been dizzying.
I'm not out here trying to put a dollar amount on it. But certainly, there is going to be a lot of money to be made. Of course it's a front for money and power. But like... isn't that the point of a corporation?