AdminsBurnInAFire t1_j2dlkbr wrote on December 31, 2022 at 1:49 PM

Reply to comment by SoylentRox in OpenAI might have shot themselves in the foot with ChatGPT by Kaarssteun

Holy shit do you guys have infinite money? Do you not understand how awful a subscription economy is? You will own nothing and rent forever.

SoylentRox t1_j2ebbo1 wrote on December 31, 2022 at 5:03 PM

That's fine. Owning stuff is inefficient. I would rather own shares of stocks and rent everything else.

AdminsBurnInAFire t1_j2ecy9p wrote on December 31, 2022 at 5:14 PM

That’s how you become a digital serf. Owning is always the smart choice.

SoylentRox t1_j2ei4bm wrote on December 31, 2022 at 5:48 PM

No, it makes you a digital elite.

If you own stock but rent your phone, car, and home, you can move whenever you want and always have the latest car and phone. You benefit from the extra technology.

While I don't actually rent my car or phone as I don't need either to be the absolute latest, I do rent software. As anything but the most recent version is useless to me.

For AI models it's the same idea.

I have hundreds of thousands, soon to be over 1m in stock. As much 'equity' as an extremely lucky homeowner.

AdminsBurnInAFire t1_j2ej85m wrote on December 31, 2022 at 5:56 PM

No, the digital elite all have their possessions secured with a purchase, often multiple purchases, because they’re not foolish.

What you do not own, can always be taken from you. You don’t need to worry (too much) about your software being taken from you but you do need to worry about your house being taken from you. The only argument for renting that can be taken seriously is convenience and security always trumps convenience. The same thing for stocks, if Wall Street fucks up one day and says your stocks are worth nothing, what can you do? Meanwhile if the bank comes for your house, you have a bill of ownership protecting your rights.

SoylentRox t1_j2ek52w wrote on December 31, 2022 at 6:02 PM

>What you do not own, can always be taken from you. You don’t need to worry (too much) about your software being taken from you but you do need to worry about your house being taken from you.

This is not a problem if you have money. Just go rent something else. Also if your landlord decides to go through the eviction procedure, there is no ASSET for you to lose.

If you own a house, and a judge decides to order it seized in a civil action (like a divorce or lawsuit), or your corrupt HOA makes up some fines of arbitrary scale and then sues you and seizes it if you can't pay, you lose the EQUITY.

I'd rather have all my assets in stock, and borrow against it if I have a need for money fast when the market is low.

PanicV2 t1_j2eiweq wrote on December 31, 2022 at 5:54 PM

So what's your plan then? You want to buy your own?

I'm pretty confident a subscription is cheaper than the alternative here, unless you are FAANG.