X @Nick Szabo

RT Uncle Milty’s Ghost (@his_eminence_j)Guys, this is so important to understand fully:The market is being dragged up by only about 10 companies, all AI, all round-tripping revenue, all making outlandish claims of future earnings while producing none of it in real life. They are now actively coordinating public relations messages and cross-sells to each other in order to continue to push the bubble up.This is extraordinarily dangerous. I’ve not seen this before in my entire career. It’s a bubble that makes ...