[FRIAM] Fwd: The coming AI crash-worse than the Dot Com stock collapse?

Steve Smith sasmyth at swcp.com
Mon Nov 17 15:17:42 EST 2025


 > We're between cycles of exploitation and exploration, and there's 
some adaptation that is required.

Excellent point to amplify BTW...  the engine/cycle/metabolic cycle of 
growth of complexity seems to be exploration-exploitation-exaptation?

On 11/17/25 12:58 pm, Steve Smith wrote:
>
> synthetic modulators of the feedback loops of a socio-cultural 
> metabolism of morbid obesity?
>
> GLP1: a new mono-myth suitable for (firstworld) recovery (metabolic 
> reset) from a life of junk-news/info consumption and other poor 
> collective life choices?
>
> Does such lead to teleonomic healing or teleonomic capture? This is 
> the never-ending debate between rePubs and Dems, between 
> hyper-disciplinarian dad and indulgent mom?
>
> On 11/17/25 12:41 pm, Marcus Daniels wrote:
>>
>> Eli Lilly for GLP 1s?
>>
>> *From:*Friam <friam-bounces at redfish.com> *On Behalf Of *Steve Smith
>> *Sent:* Monday, November 17, 2025 10:41 AM
>> *To:* friam at redfish.com
>> *Subject:* Re: [FRIAM] Fwd: The coming AI crash-worse than the Dot 
>> Com stock collapse?
>>
>> I don't even know if I will send my response to this thread, I've 
>> come to delete most of my "usual" offerings without sending, some 
>> without finishing, others without starting.  Some kind of 
>> entropy-minimization strategy on "y'all's" side of my Markov Blanket?
>>
>> Lots of rich stuff here.  I don't think I disagree with any sentiment 
>> here (can they ALL be compatible?).   Tom's original (implied) 
>> question is probably as much about "should those of us with fat ETF 
>> portfolios switch their mix from high-performing AI-fueled to some 
>> other place with better risk/reward ratios?" as it is about "is there 
>> even a 'there there' in the AI cascade of new affordances and 
>> competencies being offered (hyped) by 'the market'.  But maybe they 
>> are fundamentally the same question in this highly human-conditioned 
>> manifold of intersubjective reality we inhabit together?
>>
>> Obligatory anecdote:   when a moved to my current property (2000), A 
>> huge russian olive (50' tall, 3'diameter trunk, broad reaching 
>> branches) hosted a huge magpie nest in one of the forking horizontal 
>> branches... maybe 6-8' long made of branches from all over the 
>> property (area) and many other elements.  It had a half-dozen babies 
>> in it when I first came to review the property but by the time we 
>> moved in, they had fledged and the nest was fully abandoned (only for 
>> the season?)  Within the year we took it upon ourselves to remove the 
>> nest and found the myriad bits of interesting detritus they had 
>> gathered.   The structure of the nest seemed fully rhymed and 
>> reasoned in spite of being opportunistic to the 
>> branch/twig/grass/fur/??? at hand and wabi sabi in the extreme, but 
>> the strange bright bits of yarn, string, fabric, bottle caps, broken 
>> glass, etc cetera, were much more arcane/occult-to-me.   But 
>> nevertheless alliterated, rhymed and likely reasoned.     As did our 
>> own slow picking-apart of the structure with the help of Jays, 
>> Packrats, and the weather which had it's own uses for these "objects 
>> of desire"?
>>
>> Within 3 years West Nile flared up the Rio Grande, killing (most 
>> notably, but not exclusively) Magpies.  Even now, 20 years later, the 
>> populations have barely begun to recover in a small way, probably 
>> migrated back down from the Chama/Rio-Grande headwaters and 
>> environs?   This anecdote could tangent into the (very few) people I 
>> know of who contracted (and one died) of West Nile during that time, 
>> and the cascade of influences/effects that had on the lives of the 
>> people I know, but except for a vague "where did all the Magpies go?" 
>> I hardly registered the *devastating* effect it had on the Magpies 
>> (and likely many other corvids/birds in the region?).   Or tangent to 
>> the "Rabbit Hemorhaggic  Fever Pandemic" which coincided with human's 
>> COVID 19 which devastated the Jack and Cotton populations here (and 
>> many other regions globally)...
>>
>> This is probably an allegory or parable or something.  Re:Cautionary 
>> Tales starring NRA wankers - I did just (re) watch two Charlton 
>> Heston classics from my "coming of age" era:  "Soylent Green" and 
>> "Planet of the Apes" but was spared (paywalls) from "Omega Man".   I 
>> didn't tangent to "Ben Hur" nor "Moses" for different reasons, but to 
>> quote Glen (who might have been quoting David Byrne?):
>>
>>         "Same as it ever was!"
>>
>> On 11/17/25 10:57 am, glen wrote:
>>
>>     That's the point. Some of us line our nests with robust things
>>     like straw. Others line theirs with fantasies peddled by grifters
>>     and then expect the rest of us to share our nests when theirs
>>     collapse. We will *definitely* bail out the capitalists again ...
>>     and again ... and again, even after/while they['re] deport[ing]
>>     us, abusing us, killing us, sending us to kill foreigners,
>>     stealing our water to run their data centers, etc.
>>
>>     We are the gift that keeps on giving.
>>
>>     On 11/17/25 9:17 AM, Marcus Daniels wrote:
>>
>>         I remember where I was when I saw Torvalds’ first Linux
>>         release.   I started downloading pretty much immediately and
>>         looking for a PC to sacrifice.  It was hardly capitalist hype.
>>
>>         *From: *Friam <friam-bounces at redfish.com>
>>         <mailto:friam-bounces at redfish.com> on behalf of glen
>>         <gepropella at gmail.com> <mailto:gepropella at gmail.com>
>>         *Date: *Monday, November 17, 2025 at 8:54 AM
>>         *To: *friam at redfish.com <friam at redfish.com>
>>         <mailto:friam at redfish.com>
>>         *Subject: *Re: [FRIAM] Fwd: The coming AI crash-worse than
>>         the Dot Com stock collapse?
>>
>>         Exactly. That's Chris' basic argument. Even his point about
>>         fscking Twitter. To argue that it's "running just as well as
>>         it did" seems a bit discordant. But at some altitude, he's
>>         right. It's just as much of a toxic wasteland as it was
>>         before. Every time it crosses my gaze, I wonder why people
>>         still use it ... or bluesky, or reddit, or <arbitrary-tag>.
>>
>>         My experiments with Cline have just about ended. I've decided
>>         to avoid it. It works great with Claude (and some others),
>>         but not with gpt-oss or codestral. Both of those work fine if
>>         *I* manage the prompting. Chris also mentions linux, which
>>         I've been using as my daily driver since ~1995 (?) ... IDK,
>>         maybe I was mostly using ultrix & minix in '95. But
>>         sporadically, as with the Windows 11 update breaking
>>         recovery, all the dorks get all riled up and talk about linux
>>         finally being ready for the desktop. [sigh]
>>
>>         The fact is that we're no smarter than rats or birds who'll
>>         fill our nests with whatever stupid little shiny thing the
>>         capitalists bother to hype.
>>
>>         On 11/17/25 8:21 AM, Marcus Daniels wrote:
>>
>>             The first example that comes to mind are malls.  Malls
>>             aren't needed now so many of them are closing.
>>             Some people see something bad about that.   I see
>>             something good about that:  Ruts get erased and new
>>             opportunities arise.    Power gets redistributed.
>>             We're between cycles of exploitation and exploration, and
>>             there's some adaptation that is required.
>>
>>             -----Original Message-----
>>             From: Friam <friam-bounces at redfish.com>
>>             <mailto:friam-bounces at redfish.com> On Behalf Of glen
>>             Sent: Monday, November 17, 2025 8:02 AM
>>             To: friam at redfish.com
>>             Subject: Re: [FRIAM] Fwd: The coming AI crash-worse than
>>             the Dot Com stock collapse?
>>
>>             But Chris' argument isn't really about AI. Chris is as
>>             guilty of preemptive registration as the others.
>>             Short-term markets distort everything. The task is to
>>             free up the terms coercively bound by the grifters and
>>             marketeers. Once the terms are unbound, we can discover
>>             which formalisms fit and which don't.
>>
>>             If we're charitable, Chris is right that *something* is
>>             amiss. The disagreement is about *what* is amiss. Same as
>>             it Ever Was.
>>
>>             On 11/17/25 7:45 AM, Marcus Daniels wrote:
>>
>>                 But what ARE these investments right now?   It seems
>>                 to me they are well established companies: 
>>                 Microsoft, Amazon, Meta, and Google.  NVIDIA has
>>                 existed and will exist should AI revenue dry up, just
>>                 like it outlasted Ethereum mining.
>>
>>                 The new players aren’t yet public companies. OpenAI
>>                 has a longer path to profitability, but Anthropic
>>                 (technical users) is already making good progress @
>>                 $7B.   AI has already penetrated education and will
>>                 likely spread more.  People will become dependent on
>>                 it like they are dependent on cars.
>>
>>                 *From: *Friam <friam-bounces at redfish.com>
>>                 <mailto:friam-bounces at redfish.com> on behalf of Prof
>>                 David West <profwest at fastmail.fm>
>>                 <mailto:profwest at fastmail.fm>
>>                 *Date: *Monday, November 17, 2025 at 5:14 AM
>>                 *To: *friam at redfish.com <friam at redfish.com>
>>                 <mailto:friam at redfish.com>
>>                 *Subject: *Re: [FRIAM] Fwd: The coming AI crash-worse
>>                 than the Dot Com stock collapse?
>>
>>                 Marcus and Jon are not incorrect. I do see a problem
>>                 that they do not, the fact that the vast majority of
>>                 users/adopters of AI are dramatically less
>>                 technologically compentent than either of these
>>                 gentlemen. The manager that is positive that AI will
>>                 eliminate most if not all of his human employees, the
>>                 student using an LLM to "cheat," the social media
>>                 addicts taken with the latest AI fad bots, etc. etc.
>>                 almost certainly will become disillusioned and turn
>>                 away from AI.
>>
>>                 Perhaps more importantly, all the capitalists who see
>>                 immediate—not long term—return on investment are not
>>                 going to remain invested. Lot's of other peoples
>>                 money will be lost as a byproduct.
>>
>>                 The market of Jon Marcuses is not large enough to
>>                 sustain all the current investment. Maybe one large
>>                 AI company will survive (ala Amazon that lost tons of
>>                 money for a long long time).
>>
>>                 davew
>>
>>                 On Sun, Nov 16, 2025, at 3:51 PM, Jon Zingale wrote:
>>
>>                       I mostly agree with Marcus' sentiment. The dot
>>                 com analogy may be apt, but it also smells too easy
>>                 an analog. I find the K-shaped AI adoption to be
>>                 bizarre. Personally, I do not believe LLMs, nor any
>>                 particular architecture, to be the be-all-end-all. I
>>                 suspect we will see a transition away from throwing
>>                 money at developing the most general form and a move
>>                 toward more idiosyncratic instantiations. For
>>                 instance, I continue to think that Deepmind did
>>                 meaningful work going the RL path with AlphaGo/Atari
>>                 games and it has yet to come to my attention what
>>                 happens when Transformers attempt to replicate these
>>                 successes. Almost every LLM I have met is really
>>                 really bad at go. This said, AI in their current
>>                 form, and from this perspective, has been here for a
>>                 decade. Some have adopted it and use it to surprising
>>                 effect, others treat LLMs as nothing more than a
>>                 robust database querying language. What people do
>>                 with it and how they perceive it will undoubtedly
>>                 have an impact. In the
>>                       meantime, I am excited to see what happens as
>>                 programmers learn to use formal type theories as
>>                 pidgins and LLMs become more amenable to
>>                 compositionality.
>>
>>
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