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The whole thing was a scam

garymarcus.substack.com

141–150 of 347 posts

Re: The whole thing was a scam

#141

This is only a surprise to HN, because all the other threads about the corrupt US regime have been flagged before. I guess now is a good time as any to start paying attention. Who would've thought that attention is all you need?

When you say "HN", do you mean you? Who else was surprised? The place is full of people constantly commenting about how bad the US is, how corrupt the government is, how terrible CEOs (particularly Altman) are, late stage capitalism, etc., etc.

You know those people have existed since practically forever, right? You learn to tune it out and then you never notice if they start being less wrong.

Re: The whole thing was a scam

#142

This is only a surprise to HN, because all the other threads about the corrupt US regime have been flagged before. I guess now is a good time as any to start paying attention. Who would've thought that attention is all you need?

I like to think that you wrote this whole comment to sneak the paper title instead of it being an apt pun/nod.

Re: The whole thing was a scam

#143
post #95
post #75

In a closed society where everybody's guilty, the only crime is getting caught. In a world of thieves, the only final sin is stupidity. This HST quote seems severely outdated by now. They have already been caught, committed all the sins of stupidity and some more. All of it to the clapping mob of people who yearn for some kind of social revenge. And it’s happening everywhere these last years. Who could possibly know…

I've said it a million times, but I'll repeat it. There are a lot of conspiracy nuts like Alex Jones, and the amusing thing to me is that there is a conspiracy of elites who are exerting large amounts of unelected control of the government, and who are actively working to keep you down to enrich themselves, and it's not even a secret. We call these people "billionaires", and at this point they don't even bother hidin…

Be the change, my man. Try to make a podcast. I think it will eventually make sense why nobody who is a threat and also famous.

Re: The whole thing was a scam

#144
post #95

Earlier quoted context omitted.

I've said it a million times, but I'll repeat it. There are a lot of conspiracy nuts like Alex Jones, and the amusing thing to me is that there is a conspiracy of elites who are exerting large amounts of unelected control of the government, and who are actively working to keep you down to enrich themselves, and it's not even a secret. We call these people "billionaires", and at this point they don't even bother hidin…

Be the change, my man. Try to make a podcast. I think it will eventually make sense why nobody who is a threat and also famous.

I don't think the world needs another geeky guy making a podcast about his unearned political opinions.

I have all the equipment necessary for a podcast (a decent Shure microphone and Zoom sound interface), but my political opinions don't usually stray too far from typical American progressive stuff and there's already a million podcasts for those kinds of viewpoints from people more educated on these subjects than I am.

When I have a perspective that I do think is unique I'll write something on my blog but generally I've stayed away from any kind of partisan politics on there because I don't see the point in regurgitating the same stuff everyone else is.

Re: The whole thing was a scam

#145

This is only a surprise to HN, because all the other threads about the corrupt US regime have been flagged before. I guess now is a good time as any to start paying attention. Who would've thought that attention is all you need?

When you say "HN", do you mean you? Who else was surprised? The place is full of people constantly commenting about how bad the US is, how corrupt the government is, how terrible CEOs (particularly Altman) are, late stage capitalism, etc., etc.

I’m one of those criticasters and I’m getting downvoted constantly. I don’t care about the downvotes. I do care about western countries slipping into fascism just because people are so proud to admit they voted for a stupid clown.

Re: The whole thing was a scam

#146
post #95
post #75

In a closed society where everybody's guilty, the only crime is getting caught. In a world of thieves, the only final sin is stupidity. This HST quote seems severely outdated by now. They have already been caught, committed all the sins of stupidity and some more. All of it to the clapping mob of people who yearn for some kind of social revenge. And it’s happening everywhere these last years. Who could possibly know…

I've said it a million times, but I'll repeat it. There are a lot of conspiracy nuts like Alex Jones, and the amusing thing to me is that there is a conspiracy of elites who are exerting large amounts of unelected control of the government, and who are actively working to keep you down to enrich themselves, and it's not even a secret. We call these people "billionaires", and at this point they don't even bother hidin…

The only war is class war, but those at the top spend a lot of money creating new culture wars instead to keep us busy.

Re: The whole thing was a scam

#147

25M isn’t even that much money. Not only are they whores, they’re cheap whores.

> 25M isn’t even that much money. Not only are they whores, they’re cheap whores. I don't know, Anthropic is providing 10K open source developers with $200 subscriptions to their bot, for up to 6 months. 200 * 10000 * 6 = $12 Million total. That's even cheaper, I'm not sure what conclusion to draw from all this.

This has to be one of the worst whataboutism I've seen. No one is objecting to this corruption because it was cheap. Just expressing incredulity

Re: The whole thing was a scam

#148
post #35

Earlier quoted context omitted.

>I don't see how any rational investor could still see US companies as a secure investment. 2025 was also the first year that the majority of stocks were traded off-market (i.e. hedgie darkpools, no public price discovery) . ---- Hope ya'll bought your gold before Monday . #RemindMe2days [gold@5290USD, this post]

>2025 was also the first year that the majority of stocks were traded off-market (i.e. hedgie darkpools, no public price discovery). Do you have any sources for that?

It sounds quite plausible.

Almost all equity ETFs do their balancing against dark pools or directly with market makers to avoid arbitrage and to ensure enough liquidity.

Since index ETFs have more AUM than the underlying instruments (the “ETF tail wagging the dog”), this sounds like a natural evolution.

There is nothing nefarious about this, it’s just how the markets work.

Re: The whole thing was a scam

#149

Earlier quoted context omitted.

When you say "HN", do you mean you? Who else was surprised? The place is full of people constantly commenting about how bad the US is, how corrupt the government is, how terrible CEOs (particularly Altman) are, late stage capitalism, etc., etc.

You know those people have existed since practically forever, right? You learn to tune it out and then you never notice if they start being less wrong.

I don't want to spoil Marty Supreme (2025), but there's a provocative line delivered by Kevin O’Leary (yes, the Shark Tank guy):

"I was born in 1601. I’m a vampire. I’ve been around forever."

Re: The whole thing was a scam

#150
post #122

Earlier quoted context omitted.

Because the models aren't going to be recommending products in their conversations. The ads will be visually separate from the model's output.

As they first were in Google. Were you around then?

> As they first were in Google.

So because you saw it once in one company, it will happen in every company? By that logic, wont Claude eventually get ads too, even though they are saying that they wont?

Even now, Google ads wrap around the content, they don't mess with the search results.

> Were you around then?

Yes. I was around for AltaVista, WebCrawler, and Lycos too. None of those were LLMs.

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