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The only moat left is money?

elliotbonneville.com

341–350 of 398 posts

Re: The only moat left is money?

#341
post #331

Earlier quoted context omitted.

I like doing things for big companies that they actually could afford easily, but their costs are so high it's a better deal to have me do it. One of my favorite niches :) Some clients are good enough at math to figure it out, and you don't actually need that many of them if they are big enough.

What are the things you do?

One thing: Refresh the page to see the rest of the story ;)

Re: The only moat left is money?

#342

Earlier quoted context omitted.

It's simply a case of looking back and deciding this technical revolution is identical to the ones preceding it. Thus jobs destroyed will be replaced with new jobs, it always happens that way. Of course past performance is no guarantee of future success...

> jobs destroyed will be replaced with new jobs Not for horses though, or at least not the majority of them. Some were kept as pets or essentially status objects. In this case we are the horses.

> In this case we are the horses.

This is assuming the conclusion. The entire question is whether we are the horses or every other example of humans in the past who found other employment that was inconceivable previous to the technological revolution that rendered their old job irrelevant.

Re: The only moat left is money?

#343
http is now a trash can no by AIs activity, they only reveal to our eyes something that has been already happening for years, not perpetrated by robots, but something worst: marketing industries. But in other hand, why to pay for another social network when exist technologies like gopher, RSS feeds or gemini-protocol?

Re: The only moat left is money?

#345

Earlier quoted context omitted.

People almost never admit it when they respond to an ad. Even when they very clearly do. Don't underestimate the effectiveness of advertising, or its ability to influence you.

You don't even see ads for local restaurants, you just go there because its close or a friend recommended it. How could you get influenced by something that doesn't exist? Their marketing is just the storefront, people go there since they are interested in this new place.

They definitely spend on ads but I worked at Red Lobster a few years ago, I definitely remember TV ads. Now and then I get a food ad for a place I'll never go to and never do. Uber Eats is trickier because I just look at the map for whats closest to me.

Re: The only moat left is money?

#346

Earlier quoted context omitted.

That seems like reasonable advice until you realize you have no idea what will and will not scale in a few years, and there's only so many tailors/plumbers/welders/etc. What it really comes down to is these options as more work gets automated: 1) New jobs doing different things that weren't done before 2) Same jobs but shorter hours so "full time" with a salary to match starts to look more like 4 days, or 5 hours/day…

I keep hearing about the potential of "new jobs" coming from ai but can anyone actually describe one? My gut says they will be something similar to converting middle class knowledge workers to do DoorDash drivers or trained artists becoming dog groomers. What a cool future, at least my parent's can watch racist ai slop videos on their iPads.

[dead]

Re: The only moat left is money?

#348

In Republic I, Socrates distinguishes the art of medicine from the art of wage-earning. One is about the work; the other is about getting paid. Historically, the craft was the primary goal, and the money was an extrinsic side effect. Today, the money-making side has staged a hostile takeover. The attention conundrum is just a symptom of a deeper financialization. Multi-billion dollar companies have turned profit into…

It seems that we have forgotten how to distinguish between value and profit, and now celebrate the latter instead of the former. Currency enables ever broader and more niche markets, but the financialization of everything is the Faustian bargain; we gained niche hobbies but lost our souls?

Not only value and profit, but also assets, cash flow and debt.

Altogether in terms of currency, very hard to distinguish in the most meaningful way.

It's too easy for the real non-dollar value element to slip through the cracks, and even end up completely gone, in a system where true value itself is not prominent enough to be recognized as the source of highest growth, like it often happens so many times but has been forgotten.

Success can spoil you too.

Once you've got so much more cash than value at any one time because you've been leveraging a productive opportunity well, and taking profits aside regularly, if you're not careful the currency amount alone can seem like enough on its own.

Uh oh.

Re: The only moat left is money?

#349

I appreciate the conversation the post initiates. Nevertheless, by counter-example -- OpenClaw's creator was just recruited by people with more capital than countries. If they could "re-produce" it with their capital, they would've preferred that. Whatever he has, is still a moat. What that is, is debatable. Is it brand? Is it his creativity? Is it trust/autheticity? A vision? Ownership of a repo or leadership of tha…

>If they could "re-produce" it with their capital, they would've preferred that.

Maybe not.

OpenAI may have all their people tied up doing more expensive stuff already.

Re: The only moat left is money?

#350
post #278
post #249

Earlier quoted context omitted.

The point of doing something non-scalable is that you can enter and exit the market fairly easily. You don't need to be a tailor your whole life. You can make a living as a barber, electrician, teacher, or nurse. I'm not saying it's easy ! It's hard as hell. It sucks when your job gets automated. I'm just saying that aiming for something non-scalable means you're not always tilting at windmills, and the game can't be…

All of those professions you've listed require about half a decade of dedicated training to be legally allowed to practice. For example an electrician takes like 7 years to become qualified, that's a full time apprenticeship, and it pays badly in the meantime. A fact endlessly annoying to electrical engineers who legally can design their houses power system but not work on it. (I mean I think a barber is quicker, but…

Half a decade is over in a flash. The current software engineering downturn is almost 3 years old now.
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