ayngg
Joined 8 years ago
Joined 8 years ago
When a game like Genshin Impact does 1 billion in revenue every 6 months it is only a matter of time before the rest of the market moves in that direction.
Clearly the solution is probably somewhere in between, but political polarization has simply pushed people to their party lines and entrenched their positions such that no real progress can happen while things continue to fall apart.
A lot of people are probably beyond stressed and stretched way past their tolerance point by now.
Even fine artists have likely had their practice influenced by the whims of what the algorithms on major social media outlets are willing to favor in order to get engagement. It kind of feels like many creatives have been incentivized into becoming slaves to these processes, which has in turn made them seem replaceable with AI.
It is sort of similar in how many nation building projects of the west have failed in recent times, because the people put into positions of power, weren't in power before for a reason which is usually tied to their incompetence.
This video was recently published that talked about going from 200 to 300mm wafers, and there is some further discussion in the comments about the transition as well as going to 450.
Politicians have just kept digging us deeper into the hole because while it is not sustainable there is no turning back without major social upheaval and massive uncertainty.
Everyone could see they were running out of money which would eventually cause them to blow up, which caused people to eventually jump ship, which caused Luna to implode because it was fundamentally flawed but people were either too greedy or didn't do their due diligence to avoid it, which caused all of their assets to vaporize as they tried to defend their stablecoin peg. With 3ac insolvent, nobody that lent to them could get their capital back, which meant they could no longer repay their defi loans which caused them to be liquidated as prices dropped and they couldn't post additional collateral. With their funds locked or liquidated, they had nothing to return to depositors who wanted their stuff back.
To be charitable you could say they weren't outright scamming people, but anyone with a nose should have smelled the enormous stench of death coming from the entire thing.