RE: https://mastodon.social/@Viss/116807050210363055

Let’s face it.

The entire #tech sector is now a giant #Ponzi scheme built on financial legerdemain.

It’s grift all the way down.

"#Bitcoin⚡hit a low of $59,023.98 on Wed, its lowest level since Oct 10, 2024. This is the 3rd time this year that bitcoin has traded < $60K. The flagship #crypto is being squeezed from: macroeconomic & industry-specific headwinds.

Capital🚨has been rotating into #AI stocks, hot IPOs & #PredictionMarkets. Meanwhile, inflationary pressures stemming from the Iran war have kept the Fed focused on combating #inflation..."

#Ponzi #Corruption #Gambling #Risk #CFTC #USPol
https://www.cnbc.com/2026/06/24/bitcoin-falls-back-under-60000-hitting-its-lowest-level-since-october-2024.html

(presented without comment)

❝ SpaceX Stock Has Officially Fallen Below Its Opening Price https://futurism.com/space/spacex-stock-fallen-below-opening-price

#tech #finance #ponzi

SpaceX Stock Has Officially Fallen So Far That It's Below Where It Started

SpaceX's shares plunged below the company's opening price, reaching an all-time low of a hair over $147, wiping out all gains so far.

Futurism

The oathles charlatans on #CNBC #Squawkbox need you to believe their claims that #DataCenter productivity will somehow magically create new jobs of the future without any investment in training.

It's pie in the sky #ponzi scheme and the only reason they need your "buy in" now is because they don't have robots yet to complete the first phase of mass execution of US citizens.
#premarket
#investing
#NoKings

Summer of 2026 was when more and more people considered AI usage in marketing and text generation as sloppy and uncaring. #feilnerism.
The bubble isn't bursting but I can feel the air sizzling from the balloon.
#ai #ki #bubble #scam #ponzi

"It's possible to come up with entirely fictitious solutions to entirely real problems." #digitalsovereign
No way.... #AI #blockchain #crypto #ponzi

If: digital sovereignty + AI = digital sovereignty – AI
Then: AI = 0

"If you want a good "national AI strategy," try this: save your money until the bubble bursts, and then buy your GPUs and hire your talent at 10 cents on the dollar and put them to work refining open source models:"
Thank you so much, @pluralistic !

https://pluralistic.net/2026/06/18/their-trillions-our-billions/

Pluralistic: AI digital sovereignty risk doesn’t exist (18 Jun 2026) – Pluralistic: Daily links from Cory Doctorow

The AI Hard Drive Shortage Is Making It More Expensive and Harder to Archive the Internet

The Internet Archive, Wikimedia, academics, and hobby archivists are having trouble finding hard drives or are having to pay extremely high prices for them.

404 Media
In Irland müssen Rechenzentrumsbetreiber mittlerweile ihren eigenen Strom mitbringen https://etude.lu/de/article/irland-rechenzentren-netzanschluss-eigene-stromerzeugung-energiekosten
#KI #AI #Scam #Ponzi #Energy
Irland öffnet sein Netz wieder für Rechenzentren - mit Haken

Irland beendet sein Rechenzentrums-Moratorium, lässt neue Standorte aber 'eigenen Strom mitbringen'. Warum die KI-Energie-Kollision Rechnungen treibt.

Étude
"Generative AI Does Not Have A Business Model"
"For $200 A Month, You Can Burn $8000 in Anthropic Tokens or $14,000 In OpenAI Tokens. This business fucking stinks!"
"The AI Cargo Cult Is Collapsing"
"These price cuts are not happening because Anthropic or OpenAI made their products more efficient! They’re making these price cuts because their customers don’t want to pay their current prices!"
#Openai #AI #KI #scam #ponzi #bubble #burst #burn.
https://www.wheresyoured.at/brokenomics/#i-will-fucking-piledrive-you-if-you-mention-jevon%E2%80%99s-paradox-again
AI's Brokenomics

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