The halt to minting pennies is not a success in reducing government spending. It is surrendering to inflation. When minting a coin is more expensive than its monetary value, the money got devalued too much. The first signs of hyperinflation

The higher the #goldprice, the more Gold will be digged out of the ground because mining deeper becomes economical feasible and more capital can be spend on finding new reserves When the #Bitcoin price rises, it also incentives more mining, but the mining rate adjusts to it. There will always be only 21 million

Is this the first symptom of the artificial intelligence revolution or just economical downturn? AI will not replace software developers! AI will definitely remodel the job market and development jobs have been in the news to be replaced first frequently. Tools like Microsofts $MSFT Copilot make it much easier to generate code with less training necessary for the engineer. Many task can be automated completely already today. So obviously software developers will be replaced, right? Wrong Historically, every tool that created a drastic productivity increase humanity invented had two effects: First many people lose their job, because the new tool can do what they did, faster, cheaper, more efficient and more precise. But the other effect is, that the workers operating these tools are now doing what previously required many workers. To understand which effect will be dominant for software engineering, lets first look at the example of farming. Clearly the industrial revolution made farming and food production much more efficient. But there is only so much farmland to work, only so much food to produce before the market is saturated. So how saturated is the software market? It is a pure digital market, so no physical limits like the availability of farmland applies. The existing limit right now, however is how complex a software solution can be before it is not possible to be built or maintained anymore. AI is lifting exactly this limit. Developers will be enabled to create more complex, more efficient solutions that are considered impossible or are not even thought of today. To think that developers will be replaced by AI is believing most of the possible software solutions have been built already. But there is no limit to complexity, only a limit to the complexity a human brain can comprehend. This is also why $NVDA will sell more GPUs. More compute power scales to solve more complex problems. The market of solving complexity cannot be saturated