this post was submitted on 09 Oct 2026
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AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback. (futurism.com)
submitted 3 days ago by eicker@lemmy.world to c/technology@lemmy.world
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[–] phutatorius@lemmy.zip 1 points 5 hours ago* (last edited 5 hours ago) (1 children)

The traditional value of gold is one for every 15 silver, if the ratio is off, you aren’t getting great value.

The traditional value of buggy whips was stable until there was no longer any demand for them.

The value of gold in Spain in the 16th century went down the shitter and there was hyperinflation of gold-based currency, because of the flood of gold looted from the Americas.

Traditional ratios are meaningless rules of thumb with no basis in fact.

There is no such thing as intrinsic value.

[–] bedwyr@piefed.ca 1 points 41 minutes ago

It was silver that was flooded from the Americas.