Over what timescale do you amortize your investment by pricing it in? Do you earn back your $100k by selling $20 coffee? That wouldn’t be sustainable. So, this is where the loss comes in. You can’t realistically sell at a profit considering your capital investment if you aren’t carrying it over longer periods of time.
I don’t think that my career has been eroded by even 1%. The areas of erosion listed by the author feel like reverse order to me. The domain is knowing what questions to ask. That’s the last thing to be replaced.
I think that if you are a skilled software engineer and can adapt, you will be amplified in all aspects. If you just like writing artisanal code, you might have a bad time.
AI is currently, actively getting better. That might stop in a year, and you can argue whether it’s linear or exponential, but it’s very difficult to argue that it won’t get better in the near term. On the other hand, arguing that we hit a plateau at this time is just ignoring reality.
It’s 100% trackable. It’s anonymous but there are many datapoints that could be used to deanonymize if the transaction parties are not extremely careful
Exchanges are not anonymous at all though. They are directly linked to your identity as required by US law, but physical btc can be traded anonymously as its technically just a string of letters and numbers. You could transact with it through just telling someone this string if you trust them enough.
Markets can’t see the product quality of a monopoly. It won’t be reflected in the metrics because there’s no competition to anchor the earnings to the real consumer value. But that doesn’t mean quality isn’t a factor- it makes them vulnerable to disruption.
Warren Buffett is known to trade on product quality (he buys what he uses). So his sale could be based on that.
Amazon isn't a monopoly, it has 8% of retail in the US.
There's no real evidence that this trade was made by Buffet himself, and it's part of a general major sell-off of Amazon that transparently did not temporally align with the idea that Amazon's retail business has suffered a decline in quality.
This is the market making a (reasonable!) judgment that it lacks confidence that Amazon's capital expenditures will pay off.
I've got the PDF specification on my desk at the moment. 1200 pages of vague details on the format. I don't know why you expect to get a product that works with that for nothing.
He wasn’t claiming that he is. He was pointing out that people were scrambling to label him as being from “the other side”. The reality isn’t so binary.
I agree it could have been worded better but I think it’s clear if you watch it in context.
