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by mbgerring 15 days ago
“The market rewards intelligent allocation” is such a straightforwardly false statement that I can’t believe anyone still says this with a straight face. The last ten years of the US economy have just been scam after scam after scam, and people just keep saying this.
1 comments

NFTs were worth more than $1 trillion so we know that they were "better" than the Ai efforts of today because “The market rewards intelligent allocation”
they never were

if I sell 1 token at $1 and there are a trillion of them minted, that does not make a $1T market cap

but if you want to prove a point against AI with fake data, sure

If I sell 1 token at $139.14 and 13.17 billion of them minted, that makes a $1.8T market cap.

Space data centres are the panicle of intelligent allocation.