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Joined 19 days ago
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Cake day: May 27th, 2026

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  • When you zoom out and look at the bigger picture, this is just the latest instance of ever expanding credit being converted into assets, just like housing, and reflected in everything down to groceries.

    The structural problem lies in the very fact that we have, since 1971 and the end of the Bretton Woods system, fiat currencies backed by nothing tangible or physical, allowing for limitless expansion and by extension inevitable devaluation.

    That money has to go somewhere to avoid being eaten by the very inflation it created, holding onto a resource that can be infinitely replicated, like currency in our present system, is a guaranteed loss.

    The goal of fiat fueled VC bubbles is never to generate immediate, honest profits from selling a product to consumers, the goal is asset inflation and capital preservation.

    The system is not broken, it is in fact working exactly as intended.



















  • Yeah, since Valve is not public the odds of the next head being an outside hire or some loud tech exec are extremely low.

    GabeN is most likely to pick someone who’s been around with the company since the early days, like Erik Johnson or Scott Lynch.

    If he wants it to stay in the family, his own son Gray could take over, he’s also a game dev.

    Gabe has often expressed distrust of publicly traded markets, a plausible outcome is that his ownership gets converted into an employee-owned trust or a collective buyback, this would effectively permanently lock Valve into its current profile, distributing profils back into salaries and bonuses for the staff.