Don't forget about his latte!

"Wiped out" - that money went somewhere..

Yeah as a technical matter $4.3bn wiped out is kind of wrong. If I issue a billion iffy coins, sell one for a dollar and then it goes to zero that's more one dollar wiped than the theoretical billion.

I'd say this is $600m transferred from investors to insiders.

An interesting question is how much of that $600m was degen gamblers and how much was bribes.

This is absolutely beautiful. There's so much to be done when you stop looking forward and start looking at points in time in computing.

punk never dies

> the customers are investors and CEOs

100%. i have a basically unlimited Claude balance at work. I do not think of cost except for fun. CEO thinks every engineer has to use AI because nobody is gonna just be using text editors alone in the future.

Companies will just shift money from salaries to their Anthropic bill - what's the problem?

Best not build any products that compete with Anthropic!

it's just programming with extra steps (english)

> The right amount of usage is knowable - it's the amount which you've validated will actually work for your use case, in your industry, for your product and business.

This is fair. And what I've been doing it. I still mostly code the way I've always coded. The AI stuff is mostly for fun. I haven't seen it transformatively speed me up or improve things.

So I make that assessment, cool. But then my CEO lightly insists every engineer should be doing AI coding because it's the future and manual coding is a dead end towards obsolescence. Uh oh now I gotta AI-signal for the big guy up top!

down to a single 9

trumpism