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   Medea Vanamonde 🏳️‍⚧️ (medeavanamonde@beige.party)'s status on Saturday, 01-Nov-2025 04:09:29 JST Medea Vanamonde 🏳️‍⚧️

   • Charlie Stross

   @pndc @cstross

   You know…both of you, this isn’t going to be a mere bubble burst.

   This is going to be an implosion.

   Causing a global cascade collapse unlike anything before.

   Outages never expected

   • Embed this notice
     RootWyrm 🇺🇦:progress: (rootwyrm@weird.autos)'s status on Saturday, 01-Nov-2025 04:09:27 JST RootWyrm 🇺🇦:progress:

     in reply to

     • Charlie Stross

     @MedeaVanamonde @pndc @cstross and because people continually ask:

     The only thing keeping '08 from being a total implosion was underlying assets. Houses are an underlying asset that got turned into predatory rentals.

     '01, you had offices, IP, businesses that COULD work, and hardware to recover with. With much smaller holes to fill.

     This time?
     It's a literal Ponzi scheme. Basically all of the hardware is ewaste. There's no trillions in IP - not even millions. Just *trillions* in pure fakery.

   • Embed this notice
     RootWyrm 🇺🇦:progress: (rootwyrm@weird.autos)'s status on Saturday, 01-Nov-2025 04:09:28 JST RootWyrm 🇺🇦:progress:

     in reply to

     • Charlie Stross

     @MedeaVanamonde @pndc @cstross oh, there not only will be but needs to be extreme violence when this happens. And I mean full on guillotines and redistribution by force.

     Because I have done the math.
     This shit doesn't just make the Robber Barons look like a joke, it's bigger than all three of those put together.

     Rich Felker repeated this.