https://m.youtube.com/watch?v=AOPZuXh-f5M&pp=ygUURnVjayBhcm91bmQgZmluZCBvdXQ%3D

Tether is the Death Star

Tether is the ultimate, final boss, dystopian overlord, financial Death Star of shitcoins.

Risk is always moving. In general, it’s moving from the most competent managers of it to the least competent managers of it. Eventually it gets piled up into the hands of the very least competent (as they do not understand it’s being offloaded onto them). overconfidence => hidden risk => cascading failure Bundling mortgage backed securities across the entire United States. Or Long Term Capital Management run by Nobel laureates. Or designing unsinkable ocean liners.

The best job will ALWAYS be the one you make, not the one a CEO gives you. Work isn’t going away. Period. Society is about babies and improvement. Socially retarded engineers view everyone else’s work as just a series of tasks to be automated away. As long as humans care about raising children, improving health, creating culture, and building better futures, there will be huge demand for human effort. AI and robotics don’t change underlying drivers. Machines don’t operate in a vacuum. they require oversight, maintenance, auditing, and governance. Even highly automated systems drift, fail, and produce unintended consequences (frequently). Finally, the thing that is claimed to be the best answer, universal high income, does not exist. “High” is a relative term and cannot be universal. A person can be both a retard and a liar.

Hard disagree. Doesn’t do it justice. In reality, we started with GW in the 1770s (voluntarily gave up power and was pretty decent)— every subsequent one started getting worse until we finally hit idiocracy in the 2000s.