February 23, 2026

TL;DR. The AI doomsday trade is too consensus — falling cognition costs will expand markets, not collapse them, the same way cheap compute did.

Takeaways

• Anthropic's releases are wiping real market cap: IBM's worst day since 2000 on COBOL, CRWD shed $20B in two days after "Claude Code Security," ADBE down 30% YTD.
• The bear case assumes demand is fixed — but every prior cost collapse (PCs, internet, cloud) expanded markets by orders of magnitude instead of shrinking them.
• "Commoditization is not collapse" — AI is commoditizing cognition the way prior tech commoditized compute, distribution, and infrastructure.
• Personal computers are 99.9% cheaper than in 1980, and we consumed vastly more of them, not less — the same pattern likely repeats with cognitive work.

TL;DR. SpecStory's been shipping a CLI for AI coding session capture for a year — Greg's flex on Daniel Sinclair.

Takeaways

• specstory-cli captures and versions AI coding sessions (Cursor, Claude) as markdown artifacts you can commit alongside code.
• 1.1k stars, active dev branch — niche but real traction in the "prompt engineering as artifact" space.