reminder that noah smith insisted balaji was not an idiot even after balaji lost a million dollars on the dumbest bet in human history to @jdcmedlock.bsky.social - ThreadSky

rickywlmsbong.bsky.social • 44 days ago

reminder that noah smith insisted balaji was not an idiot even after balaji lost a million dollars on the dumbest bet in human history to @jdcmedlock.bsky.social

Reposted from kth

And in case you thought Noah might have reevaluated his Musk boosterism in light of the catastrophe of the last month, this dropped *today*
www.noahpinion.blog/p/only-fools...

Comments

sal52.bsky.social•44 days ago

Maybe so, but no one I know is good at everything

rickywlmsbong.bsky.social•44 days ago

you don’t have to be good at everything to see that noah smith of a sniveling racist moron

sal52.bsky.social•44 days ago

Sorry, I should have made it planer than I was referring to Musk

flame89.bsky.social•44 days ago

Wait - remind me of that story

dougfresh80.bsky.social•44 days ago

That’s right

mutantmell.net•44 days ago

That might be the worst article of his I’ve ever read, and that’s saying something.

> Before you’re tempted to sneer at Elon for misspelling “Khan”, remember that Genghis Khan himself was unable to spell his own name, having never learned to read or write

What??? What is this sycophantic garbage?

mutantmell.net•44 days ago

“Who is more foolish? The fool or the fool who follows him?”

tft.io•44 days ago

What the actual what

mutantmell.net•44 days ago

It's just a fucking typo, you don't have to say anything about it.

malaclypse.bsky.social•44 days ago

"Did you know that Genghis Khan himself never wrote a single line of code? Really makes you think."

mutantmell.net•44 days ago

"How much could Genghis even lift, bro?"

loquepasara.bsky.social•44 days ago

truly, even if the odds on that had been 50-50, it'd be hard to find a better bet than "I'll pay you in a hyperinflated currency if I lose"

rismith.bsky.social•44 days ago

Literally, I'll hedge by buying 1 but bitcoin

urban-achiever.bsky.social•44 days ago

What were the terms of the bet? Was it that btc would go to $100k or something? I know it was very dumb, but can't remember the exact details.

rickywlmsbong.bsky.social•44 days ago

it was some value of btc, yeah. i don't recall what the level was (think it was a million, not 100k, but could be wrong)

urban-achiever.bsky.social•44 days ago

Oh, it was a million in *90days!*

rickywlmsbong.bsky.social•44 days ago

yeah i thought it was a million over a quarter

urban-achiever.bsky.social•44 days ago

yeah, i just looked it up. i wish i had been able to get some of that action. it was 30k when they agreed to the terms of the bet. which, if the price had gone from 30k to a mil, would have been a signal all its own that it was a spec bubble.

phil367.bsky.social•44 days ago

Sorry Noah Smith actually thought that bitcoin would rise approx 3,300% in 90 days? Correct me if my percentage is wrong

urban-achiever.bsky.social•44 days ago

Smith wasn’t a party to the bet. He just went out of his way to let everyone know that he thought the guy betting it would go to a mil in 90 days wasn’t the dummy.

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