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A Tale of Two Bubbles

A Tale of Two Bubbles

The consensus name is wrong by one word. On the difference between a financialization bubble and a technology, and why only one of them pops.

The Cruelty Is the Point

The Cruelty Is the Point

I pay for a gigabit and get a tenth of it. The support chat went silent the moment the problem got easy. Maybe the robot is the humane one.

I Know It When I See It

I Know It When I See It

Autonomous agents don't develop taste. They execute the taste someone was disciplined enough to write down. A worked example from a real pipeline.

There Are No Shortcuts Into a Sponge

There Are No Shortcuts Into a Sponge

Learning has one input pipe at a fixed rate. You can't speed it up — only stop wasting it. On comprehensible input, opportunity cost, and unlimited output.

The Music Is Still Playing

The Music Is Still Playing

The AI bubble has specific predecessors: dark fiber, Pets.com, Enron's accounting, CDO tranching. The technology is real. The business models layered on top are familiar.

The Heat Sink

The Heat Sink

Three anaidic shapes — the individual, the corporation, the LLM. Each routes accountability to nowhere. The pattern is old. The word is new.