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31 sats \ 10 replies \ @kepford 27 Jan \ on: Why Most People Are Wrong About Deepseek AI and The Impact on Financial Markets econ

Financial markets are VERY irrational in the short run. They are emotional. We see this over and over again. They also don't understand AI.

I spent last week at a trade show outside of the tech sector and listened to some old dudes that actually use AI on a daily basis and I found it very refreshing how well they understand what it is actually doing. Nothing scary. No hype. Just their experience and how they have added it to their toolkits. Its a new tool. Not going away and the sky is not falling.

165 sats \ 6 replies \ @kepford 27 Jan

In the long run financial markets are pretty amazing (by long run I mean 50-100 years). I used to think traders served no function in the market but that's a Marxist psyop that way to many bitcoiners swallow. Fiat is the problem, not stock markets and trading.

41 sats \ 4 replies \ @kepford 27 Jan

I would love to see a bitcoiner and economists write about the market function of stock markets / traders / speculators. Maybe @Undisciplined? I think fiat muddies the water and due to the stupidity allowed by fiat the markets look bad.

We want freedom. We want people freed to do stupid stuff and suffer the consequences. Its how we learn as a species. Let them get reckt.

84 sats \ 3 replies \ @Undisciplined 27 Jan

I don't think I'm the right one for this assignment, although I agree with you.

Maybe @SimpleStacker or @denlillaapan want to take a crack at it.

107 sats \ 0 replies \ @denlillaapan 27 Jan

I have a bunch of such material out. Lemme go find some and republish as a ~BooksAndArticles post

21 sats \ 1 reply \ @denlillaapan 27 Jan

congrats bro. This is what you provoked! #867043

9 sats \ 0 replies \ @Undisciplined 27 Jan

Wonderful!

72 sats \ 0 replies \ @denlillaapan 27 Jan

100% 💯

60 sats \ 2 replies \ @denlillaapan 27 Jan

Nothing scary. No hype. Just their experience and how they have added it to their toolkits. Its a new tool. Not going away and the sky is not falling.

Love this haha. Yeah, just keep grinding boys

29 sats \ 1 reply \ @kepford 27 Jan

More context. This guy said using AI to write a song is like having 15 people write a song.

He didn't specify whether that was good or bad. The massive room nodded their heads. I think they got it. Its neither... but it makes sense.

25 sats \ 0 replies \ @denlillaapan 27 Jan

was watching the Avicii documentary yesterday. It was wonderful to see him grapple with whether he was a musician or not. He didn't quite say it this way, but as he was sitting with his computer surrounded by a bunch of artists (singers, guitar players, producers yada-yada), I realized that he could make this computer produce any sound that exists, right.

And they kept talking about how he had this sense of natural melody, knowing instinctively what sounded good. So, producing music, AI style, while it makes sounds and strings tones together, doesn't make music; it's the taste, the human touch, the ability to pick which ones and which combos are good and which ones aren't.

nice realization from someone who wrote #796401