“Up until now, all forms of spam, catfishing, social engineering, forum brigading, etc, have more or less been bottlenecked by the capabilities and energy of individual human beings.”
Spam used to need a human behind it. Now it doesn’t. When you can’t tell people from bots, people stop trusting anyone online, the same way bad used cars ruin the market for good ones. He discloses that Sam Altman funds his employer, and he still sees this coming.