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  3. Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.

Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.

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  • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

    Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.

    It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.

    anne_twain@theblower.auA This user is from outside of this forum
    anne_twain@theblower.auA This user is from outside of this forum
    anne_twain@theblower.au
    schrieb zuletzt editiert von
    #17

    @thomasfuchs In Australia we call it a "bottom of the harbour scheme" after an infamous scam where people were sold land that was under the sea in Sydney Harbour.

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    • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

      Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.

      It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.

      oldoldcojote@climatejustice.socialO This user is from outside of this forum
      oldoldcojote@climatejustice.socialO This user is from outside of this forum
      oldoldcojote@climatejustice.social
      schrieb zuletzt editiert von
      #18

      @thomasfuchs
      😂🔥

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      • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

        Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.

        It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.

        J This user is from outside of this forum
        J This user is from outside of this forum
        jackmexa4@mastodon.social
        schrieb zuletzt editiert von
        #19

        @thomasfuchs

        Aka con

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        • pizzademon@mastodon.onlineP pizzademon@mastodon.online

          @thomasfuchs It sounds exciting! How can I learn more? Is there some kind of seminar?

          nunesgh@mastodon.socialN This user is from outside of this forum
          nunesgh@mastodon.socialN This user is from outside of this forum
          nunesgh@mastodon.social
          schrieb zuletzt editiert von
          #20

          @PizzaDemon
          Ask Thiel.
          @thomasfuchs

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          • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

            Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.

            It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.

            fruitcakesareyum@mastodon.socialF This user is from outside of this forum
            fruitcakesareyum@mastodon.socialF This user is from outside of this forum
            fruitcakesareyum@mastodon.social
            schrieb zuletzt editiert von
            #21

            @thomasfuchs

            Wasn't there also a "name a star" scam going on at some point?

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            • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

              Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.

              It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.

              avocado_toast@mstdn.socialA This user is from outside of this forum
              avocado_toast@mstdn.socialA This user is from outside of this forum
              avocado_toast@mstdn.social
              schrieb zuletzt editiert von
              #22

              @thomasfuchs Just read a whole book on the weirdo beliefs belying these types of things and I gotta say I think some of the billionaires saying them actually believe the dumb shit they're pretending will work.

              But almost certainly a portion of it is "if you cannot dazzle them with your brilliance, baffle them with bullshit"

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              • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

                Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.

                It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.

                nekoed@yiff.lifeN This user is from outside of this forum
                nekoed@yiff.lifeN This user is from outside of this forum
                nekoed@yiff.life
                schrieb zuletzt editiert von
                #23

                @thomasfuchs "Cheesy movie" works too

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                • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

                  Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.

                  It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.

                  ainmosni@social.ainmosni.euA This user is from outside of this forum
                  ainmosni@social.ainmosni.euA This user is from outside of this forum
                  ainmosni@social.ainmosni.eu
                  schrieb zuletzt editiert von
                  #24

                  @thomasfuchs Wait did someone actually float the idea of a Dyson sphere? And they pretended to be serious?

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                  • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

                    Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.

                    It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.

                    christopherkunz@chaos.socialC This user is from outside of this forum
                    christopherkunz@chaos.socialC This user is from outside of this forum
                    christopherkunz@chaos.social
                    schrieb zuletzt editiert von
                    #25

                    @thomasfuchs If you believe in AI data centers or 180km long cities in the desert, I have a bridge to sell you.

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                    • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

                      Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.

                      It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.

                      ambientdread@toot.ioA This user is from outside of this forum
                      ambientdread@toot.ioA This user is from outside of this forum
                      ambientdread@toot.io
                      schrieb zuletzt editiert von
                      #26

                      Like "vaporware booths" at Consumer Electronic Shows only stickier

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                      • pmj@social.pmj.rocksP pmj@social.pmj.rocks shared this topic
                      • thomasfuchs@hachyderm.ioT thomasfuchs@hachyderm.io

                        Back in the 90s we had a great term for stuff like “building AI satellite factories on the Moon” and “we’ll just envelop the solar system with a Dyson Sphere”.

                        It’s pretty technical and I forgive you if you’ve never heard of it, the term is “investment scam”.

                        pmj@social.pmj.rocksP This user is from outside of this forum
                        pmj@social.pmj.rocksP This user is from outside of this forum
                        pmj@social.pmj.rocks
                        schrieb zuletzt editiert von
                        #27

                        @thomasfuchs

                        yeah, but in the 90s they were niche companies, the economy wouldn't care if they'd be gone
                        but today, oh boy, today, it's the top 3 companies on the planet involved 🤯

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