Is There a New Dotcom Bubble?

The whole metaverse thing is taking off as well; even Facebook has officially rebranded itself as Meta because the board can see what's coming.
Facebook has rebranded itself because people hate Facebook and people hate Mark Zuckerberg, that selfish billionaire who does not pay taxes like everyone else does. People are paying more taxes because that selfish idiot does not pay.

Just a real comparison for you: in Catalonia there is a political party that has "rebranded itself" (like Facebook!) like 3 times already in the last 5 years... only because it is an incredibly corrupt political party and people have come to hate it, in the same way they hate Facebook.
 
Yeah, sure... pharma companies cannot find a cure for simple tinnitus or hyperacusis, or just to remedy hearing loss in an effective manner. But soon they are going to have tailored treatments available to fix all those things.. after decades saying more or less that treatments are round the corner.
That's not what I said, or meant, and fixing tinnitus and/or hyperacusis is far from being a simple task. What I meant is that our biomedical data will be gathered and analysed in a way that will be on a whole new level as to how things work today. This isn't guesswork; it's happening right now. It will increase the speed at which novel methodologies will be used, and it will advance medical science, and this will ultimately lead to tailored medical care and other breakthroughs. Advanced AI will be a game-changer. The collaboration between DeBio and Ocean Protocol is just one small example of this, and it's only going to get better and more advanced with time.
Facebook has rebranded itself because people hate Facebook and people hate Mark Zuckerberg, that selfish billionaire who does not pay taxes as everyone else does. People are paying more taxes because that selfish idiot does not pay.
You're letting your personal bias towards Facebook cloud your judgement. I don't like Facebook either, but that doesn't change the reality of what's happening. Also, they are only changing their corporate name, so your argument makes no sense. You will see many metaverses being developed in the coming years because it's an area that's set to explode.

Sometimes it's difficult to see the forest for the trees. I get the impression that most of you have already made your minds up regardless of what I say at this stage because "fuck this guy."Am I right? :ROFL:

You're immediately disregarding everything I say, as no matter what I write, it's dismissed out of hand anyway. You should try to be more open-minded and not let prejudices or biases cloud your judgement too much. We are all guilty of this at times.
 
I get the impression that most of you have already made your minds up regardless of what I say at this stage because "fuck this guy."Am I right? :ROFL:
Nah @Ed209, I was just done with you after you ignored my analogical question
If I had used: who was the better despot, Mao Zedong or Kim Jong-il and why? You wouldn't be getting your knickers in a twist, would you
Which wasn't open to interpretation, btw. There was a clear cut answer.

And it was Kim Jong-il, for obvious reasons:

Kim Jong-Il looking at things} (tumblr.com)

Kim Jong-Il looking at things - Best Pictures | Cliptank.com

 
That's not what I said, or meant, and fixing tinnitus and/or hyperacusis is far from being a simple task. What I meant is that our biomedical data will be gathered and analysed in a way that will be on a whole new level as to how things work today. This isn't guesswork; it's happening right now. It will increase the speed at which novel methodologies will be used, and it will advance medical science, and this will ultimately lead to tailored medical care and other breakthroughs. Advanced AI will be a game-changer. The collaboration between DeBio and Ocean Protocol is just one small example of this, and it's only going to get better and more advanced with time.
To me that's like saying that Uber or Deliveroo are "technology". These are just old businesses done through an app. It's called taxi and my local pizza place. It's been working like that for like 70 years already, or more... there's zero technology on that.
Also, they are only changing their corporate name, so your argument makes no sense.
That's exactly what I said when I compared it to that corrupt Catalonian political party. It's still the same party but no one believes in them, since the are totally corrupt and have changed names like 3 times in less than 5 years.
 
To me that's like saying that Uber or Deliveroo are "technology". These are just old businesses done through an app. It's called taxi and my local pizza place. It's been working like that for like 70 years already, or more... there's zero technology on that.
This doesn't make any sense and is far removed from being a direct comparison. How can you compare an app to advanced AI? How much research have you done on the latest innovations in this field? Even Dirk De Ridder mentioned the importance of AI in the Tinnitus Talk podcast (especially when it comes to curing/treating tinnitus).
That's exactly what I said when I compared it to that corrupt Catalonian political party. It's still the same party but no one believes in them, since the are totally corrupt and have changed names like 3 times in less than 5 years.
It's apples and oranges. Facebook will still be known as Facebook. Do people on the street call Google Alphabet?
 
For anyone who's interested, this was Dirk De Ridder's take on what we're discussing now (from the Tinnitus Talk Podcast transcription):

So from a practical point of view, what we have to do is we should bring all that information together meaning the grey network, the genes, the environmental influences, and this create patterns that we cannot as a human unravel, and that's why we ultimately will need artificial intelligence to help us with this problem. And this is what we are currently trying to do is see, can artificial intelligence help to unravel the patterns or the links between genes, epigenetics, which ultimately is changed by the environment, to explain why there is such a variety and the imaging data or the brain expression or the brain networks that we link two tinnitus, and so the model becomes even more complicated, but it's addressable by using ultimately artificial intelligence, the patterns and recognitions that we as humans unfortunately cannot find ourselves.

This is where, in the future, we will need large groups of people to collaborate, meaning creating European projects, American-Asian projects that look at data of maybe 1000-2000 tinnitus patients who have their complete genome sequence to have their epigenome sequence to have the microbiome sequence to have the EEG data and then apply all the pattern recognition of the artificial intelligence to ultimately tell us for this patient, for example, these three signal molecules in the brain are not optimal, so that we can supplement them and for this patient, actually these connections are not optimal, so that we can rebuild those connections or break those connections, and the beauty is that in the last couple of years new tools have been developed where we can try to rebuild connections and try to break connections, whereas before because our model was wrong, we were just saying, okay, well, this part of the brain, the auditory cortex is overactive, so we just have to suppress it. That's it. That's a very simple approach, but we did not have the technology to target different parts of the brain at the same time. Now the technology exists, but it's not yet used, still in an experimental phase to see are we truly rebuilding connections or are we truly breaking connections.

Once we know we can, then it's just applying the changes that the artificial intelligence will tell us that are typical for tinnitus—basically the signature of tinnitus, and so I do think that through technology, we are actually going to be able to individualize the treatments that we currently use. It will take a little bit; it will take five to ten more years, but that is just a matter of scaling up what we're currently doing, so the theoretical models are currently being built and the technology is being simultaneously developed, so it's just a matter of bringing those things together, but everybody will have to collaborate and we will need one or two people to organize the collaboration—call them team leaders whatever you want—that also know the clinical component of it, but the concept that I, as a medical doctor, whether I'm a neurosurgeon, psychiatrist, neurologist, or whether I'm a audiologist or psychologist, treating tinnitus patients by ourselves cannot work and will not work, and if we do not change, it will stay a problem forever. If we use the same technology and approach as they do in sports, high- tech sports, then there's no reason why we should not be able to conquer this probably within 5 to 10 years.


There are teams of people who are already doing this kind of stuff, but it's still in its infancy. As I said, in a decade or two, the way we keep our medical data, and the way Doctors interact with it, will be very different. Blockchain technology is perfect for this kind of thing as it makes data immutable, and the infrastructures are already being built to a high standard.
 
For anyone who's interested, this was Dirk De Ridder's take on what we're discussing now (from the Tinnitus Talk Podcast transcription):

So from a practical point of view, what we have to do is we should bring all that information together meaning the grey network, the genes, the environmental influences, and this create patterns that we cannot as a human unravel, and that's why we ultimately will need artificial intelligence to help us with this problem. And this is what we are currently trying to do is see, can artificial intelligence help to unravel the patterns or the links between genes, epigenetics, which ultimately is changed by the environment, to explain why there is such a variety and the imaging data or the brain expression or the brain networks that we link two tinnitus, and so the model becomes even more complicated, but it's addressable by using ultimately artificial intelligence, the patterns and recognitions that we as humans unfortunately cannot find ourselves.

This is where, in the future, we will need large groups of people to collaborate, meaning creating European projects, American-Asian projects that look at data of maybe 1000-2000 tinnitus patients who have their complete genome sequence to have their epigenome sequence to have the microbiome sequence to have the EEG data and then apply all the pattern recognition of the artificial intelligence to ultimately tell us for this patient, for example, these three signal molecules in the brain are not optimal, so that we can supplement them and for this patient, actually these connections are not optimal, so that we can rebuild those connections or break those connections, and the beauty is that in the last couple of years new tools have been developed where we can try to rebuild connections and try to break connections, whereas before because our model was wrong, we were just saying, okay, well, this part of the brain, the auditory cortex is overactive, so we just have to suppress it. That's it. That's a very simple approach, but we did not have the technology to target different parts of the brain at the same time. Now the technology exists, but it's not yet used, still in an experimental phase to see are we truly rebuilding connections or are we truly breaking connections.

Once we know we can, then it's just applying the changes that the artificial intelligence will tell us that are typical for tinnitus—basically the signature of tinnitus, and so I do think that through technology, we are actually going to be able to individualize the treatments that we currently use. It will take a little bit; it will take five to ten more years, but that is just a matter of scaling up what we're currently doing, so the theoretical models are currently being built and the technology is being simultaneously developed, so it's just a matter of bringing those things together, but everybody will have to collaborate and we will need one or two people to organize the collaboration—call them team leaders whatever you want—that also know the clinical component of it, but the concept that I, as a medical doctor, whether I'm a neurosurgeon, psychiatrist, neurologist, or whether I'm a audiologist or psychologist, treating tinnitus patients by ourselves cannot work and will not work, and if we do not change, it will stay a problem forever. If we use the same technology and approach as they do in sports, high- tech sports, then there's no reason why we should not be able to conquer this probably within 5 to 10 years.


There are teams of people who are already doing this kind of stuff, but it's still in its infancy. As I said, in a decade or two, the way we keep our medical data, and the way Doctors interact with it, will be very different. Blockchain technology is perfect for this kind of thing as it makes data immutable, and the infrastructures are already being built to a high standard.
Where did I read in the last week that if you instruct an AI "to cure cancer" it would find ways to produce cancer in a number of people and run parallel experiments till it finds a cure.

There's a bit on an ethical risk in all these things and "experiments"... if medical researchers could use any means to cure hearing problems probably we would have a cure sooner, but at which cost?
 
Where did I read in the last week that if you instruct an AI "to cure cancer" it would find ways to produce cancer in a number of people and run parallel experiments till it finds a cure.

There's a bit on an ethical risk in all these things and "experiments"... if medical researchers could use any means to cure hearing problems probably we would have a cure sooner, but at which cost?
It's not something that will happen overnight, but it will eventually become so sophisticated that it's almost a certainty. As I said, DeBio are already building databases of genetic information, and this kind of stuff will lay the groundwork. It will enable scientists to better understand certain conditions.
 
It's not something that will happen overnight, but it will eventually become so sophisticated that it's almost a certainty. As I said, DeBio are already building databases of genetic information, and this kind of stuff will lay the groundwork. It will enable scientists to better understand certain conditions.
I think if billionaires continue evading taxes and not paying anything there will be a big revolt against them.

Citizens may not be that powerful (unless armed) but consumers are powerful, and my choice is not to have anything to do with FAANG and tech companies who do not pay taxes.
 
I posted this in the Stock Chat thread (for Benefactors), but I thought it was also relevant to this discussion:

The mayor-elect of New York, Eric Adams, wants to create a new crypto coin for the city. He also wants to get rid of all the bureaucracy surrounding cryptocurrencies as New York is currently one of the most heavily sanctioned places out there (especially when it comes to banks). It appears he wants to compete with Mayor Francis Suarez, of Miami, as they already have their own Miamicoin.

Here's some interesting excerpts from Forbes:

The mayor-elect said that New York City must entice trained workers in the crypto field to come work there and promised to look at the red tape preventing "the growth of Bitcoin and cryptocurrency in our city."

Adams waged a "friendly competition" with Suarez, whose city became the first municipality in the country to accept contributions through CityCoin.

BIG NUMBER

$7.1 million. That's how much money MiamiCoin has generated for the south Florida city since its creation in August, according to the Washington Post. The digital currency is run by the non-profit CityCoins, which allows users to invest in towns or cities. The software mines tokens created by residents. It allocates 30% of earnings to the city and 70% to the user. Suarez believes the coin could generate over $60 million for Miami over the next year and could eventually replace taxes in the funding of social programs.

KEY BACKGROUND
Adams was elected mayor of New York City on Tuesday. The Democrat will replace outgoing Democrat Bill de Blasio, who was term-limited after running the city since 2013. Adams defeated Republican Curtis Sliwa in a landslide, winning over 75% of the vote. The former Brooklyn Borough President made the promise to foster business a key aspect of his platform. Miami has become a national hub for the cryptocurrency industry. Blockchain, the most-popular cryptocurrency wallet, moved its headquarters from New York City to Miami in June.


https://www.forbes.com/sites/marisa...new-york-city-cryptocurrency/?sh=7855eac85886
 
The Bank of England kept the interest rate at 0.1%. This proves that they have no idea what's really causing the inflation. They are saying they want to wait and see if global supply issues are at the heart of it before raising the rates, but the fact of the matter is that nobody knows. If they raise the rates now they could cripple peoples ability to pay their mortgages, for example, but continuing to print vast amounts of money will also cause problems. We are heading into a shit storm. I have very little left in my bank account as my faith in the fiat system is dwindling by the day. Central banks have fucked everything up and nobody can really argue against this. If they raise the rates now they could crash the markets and cripple home and business owners, and if they don't, and they continue printing more and more money, then we'll be looking at a further rise in our cost of living whilst wages remain stagnant.

Basically, nobody has a clue what to do and this is why we are seeing unprecedented amounts of people opting to have their salaries paid in crypto, and why the fiat inflow into crypto is expanding rapidly. The traditional financial system is a ginormous sinking ship; it is not sustainable and at some point something will have to give.
 
The Bank of England kept the interest rate at 0.1%. This proves that they have no idea what's really causing the inflation.
It proves British central bankers are idiots as well... they are obviously members of the infamous club created by Lagarde and Powell.
 
It proves British central bankers are idiots as well... they are obviously members of the infamous club created by Lagarde and Powell.
There's better ways of structuring the global financial system. We don't need central banks anymore, and I believe they're on borrowed time. The problem is that governments want to control the flow of money and allowing decentralisation to take place is quite a paradigm shift. It's more likely, for the intermediate term at least, that there will be various systems that will become interoperable with each other, and as the old financial system slowly dies, the new crypto-based systems will take over.
 
The Bank of England kept the interest rate at 0.1%. This proves that they have no idea what's really causing the inflation. They are saying they want to wait and see if global supply issues are at the heart of it before raising the rates, but the fact of the matter is that nobody knows. If they raise the rates now they could cripple peoples ability to pay their mortgages, for example, but continuing to print vast amounts of money will also cause problems. We are heading into a shit storm. I have very little left in my bank account as my faith in the fiat system is dwindling by the day. Central banks have fucked everything up and nobody can really argue against this. If they raise the rates now they could crash the markets and cripple home and business owners, and if they don't, and they continue printing more and more money, then we'll be looking at a further rise in our cost of living whilst wages remain stagnant.

Basically, nobody has a clue what to do and this is why we are seeing unprecedented amounts of people opting to have their salaries paid in crypto, and why the fiat inflow into crypto is expanding rapidly. The traditional financial system is a ginormous sinking ship; it is not sustainable and at some point something will have to give.
What do you think about the BoE keeping ultra-low interest rates against market consensus?
 
There's better ways of structuring the global financial system. We don't need central banks anymore, and I believe they're on borrowed time. The problem is that governments want to control the flow of money and allowing decentralisation to take place is quite a paradigm shift. It's more likely, for the intermediate term at least, that there will be various systems that will become interoperable with each other, and as the old financial system slowly dies, the new crypto-based systems will take over.
I think if central bankers did their job for a change, the confidence on the financial system would be restored.

It makes no sense what central bankers are doing... those idiots are making their currencies collapse. I hope that Lagarde and Powell are held accountable for the disaster they are creating.
 
What do you think about the BoE keeping ultra-low interest rates against market consensus?
I think they are in an impossible situation. If they raise the rates now, whilst the cost of living is out of control compared to wages, and during an energy crisis, you could see mass defaults on mortgages and a huge collapse in the economy. But, if they don't raise the rates at some point, and it turns out the inflation we're seeing is being caused by their money printing, then the cost of living will continue to soar.

This is why you aren't seeing them raise the rates. They know how precarious this balance is, and they caused it through their ineptitude. This is exactly why I think we'd be better off with a decentralised monetary system.
 
you could see mass defaults on mortgages and a huge collapse in the economy.
But there are going to be massive mortgage defaults sooner or later. The situation is impossible to balance anymore.

And people will begin to strike if wages are not raised to make up for rampant inflation.
 
they raise the rates now they could crash the markets and cripple home and business owners, and if they don't, and they continue printing more and more money, then we'll be looking at a further
Why are they worried about market crashing? They were not worried about it going up.
 
Why are they worried about the market crashing? They were not worried about it going up.
Because it could cause a deep recession and would affect the pensions of those who are about to retire (which has knock-on effects everywhere). Everything is connected. It's just like how various liquidity pools are connected in stocks and cryptos, if one drops it takes others down with it, etc.

The main issue would likely be people defaulting on mortgages and businesses going bust. This could cause all kinds of problems like high unemployment, deprivation, an increase in child poverty, etc.

The dilemma here is that the central banks would traditionally lower the rates when the economy is sluggish or in a recession, but it's already on life support and it can't go any lower. Usually it would be unthinkable to raise the rates under such intense circumstances, as you'd want to try and increase productivity, but they have now created a situation where we also have runaway inflation. In short, we're fucked either way.

They will continue printing tens of billions of new money every month because they haven't got an answer. The smart money is moving into crypto, in my opinion.
 
Why are they worried about market crashing? They were not worried about it going up.
Elon Musk cooked the results of a theoretical Twitter poll and decided (by himself) to sell part of Tesla... of course shares fell 10%, and that's just the beginning.
 
US inflation at 6,2% and those idiots from the FED keep interest rates at zero. The US economy will go down the drain... it's no surprise Warren Buffett's cash pile is increasing by the day. He won't buy into an overpriced, bubble market.
 

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