19 Jan
2025
19 Jan
'25
7:50 p.m.
On 1/19/25 10:49, ben via cctalk wrote:
I have no idea what happened 2008, but now everybody
plays BITCOIN.
As for neural net software, the brain is in 3D not 2D. Flat chips don't
cut it.
In 2008, the US stock market crashed, mostly due to human stupidity
(NINJA mortgages, which were then bundled and securitized). Treasury
spent billions of dollars buying up the bad mortgages and engaging in
Quantitative Easing so that cash-strapped banks could write new loans.
Some of the banks bailed out with government/taxpayer money, instead of
writing new loans, bought up bad mortgages which were then sold to the
US government at a profit.
Nobody went to prison for this.
I don't think that any genetic algorithm can predict the depths to which
human scheming can descend, particularly when it comes to finance.
--Chuck