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9 Mar, 5 tweets, 1 min read
The right way to think about GME is that it's a cryptocurrency that happens to have a stock ticker. The fact that it doesn't have to rely on cumbersome blockchain theater is a bonus
The development of purely speculative meme stocks that tap into cryptoculture without having to do all the messy business of hashing is a Copernican breakthrough in modern finance on a level with the invention of the artificial tulip
There's no way yet to use GME or TSLA stock to collect ransomware payment or try to hire a hit man who is really an FBI agent, but these are small and fixable deficits in what is a promising new avenue of investment in nothing
People focus too much on the speculation element of cryptocurrency and not enough on the belief system and its emotional power. This stuff taps into the same deep roots as Qanon, a sense that the world is irretrievably broken and in the hands of a corrupt, all-seeing elite
🚀💎👏🏻 💸 📈 GME IS GREEN CRYPTOCURRENCY 🚀💎👏🏻 💸 📈

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More from @Pinboard

17 Feb
Tried out Clubhouse and the first thing I hear is "this is more of a comment than a question". Reinforces my suspicion that 80% of social media right now can be explained by the fact people are lonely and slowly going nuts after a year of pandemic isolation.
Be sure to sign up for Audio Pinboard, where I slowly read back links you bookmarked in 2009 through a mouthful of cashews
In the Before Times, people hated conference calls even when they were paid to be on them, and avoided meandering conference panels like the plague. Now that there's a real plague, the meandering panel on the unending, unpaid conference call is the hottest app in town
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8 Feb
Amazon's post-election PAC filing is out, and it's full of interest. Just like Google, the company gave Darrell Issa $5,000 to retire his campaign debt on December 18, days before Issa voted to overturn the results of the Presidential election.
Amazon gave $5000 to Louisiana Representative Mike Johnson's "American Revival PAC" on December 17. Johnson voted to overturn the election three weeks later.
Amazon gave $5000 to West Virginia representative Carol Miller's "Cut The Bull PAC*" on December 17. She voted to overturn the Presidential election three weeks later.

* A note on these Leadership PACs: each legislator is allowed to run one, and give the money where they want
Read 19 tweets
7 Feb
It is seriously easier to hack and launch the nuclear codes than it is to upload a Safari extension to the app store.
The Xcode signing and upload process makes it clear that the iTunes UX team has been reassigned to doing crypto.
Error footprint is now six times larger than the "app" itself. (For the innocent, Apple demands that you package browser extensions, which are tiny little helper widgets, as full-blown apps through its App Store)
Read 7 tweets
5 Feb
BREAKING: Microsoft to address its track record of awful political giving by... renaming its PAC to "the Microsoft Corporation Stakeholders Voluntary PAC (MSVPAC)." to "capture the fact that it is funded exclusively by voluntary donations of Microsoft stakeholders".
Microsoft is also pledging not to support the 147 Republicans who voted to overturn the Electoral College for the duration of the 2022 cycle. After that, presumably—back to normal! No word on whether this limit extends to leadership PACs and other forms of indirect giving.
The company is also creating "a new Democracy Forward Initiative to support organizations that promote public transparency, campaign finance reform, and voting rights" that will work to undo the harms its political giving arm subsidizes.
Read 9 tweets
2 Feb
Google's post-election FEC report is out. On December 16, Google gave Darrell Issa $5,000 to help retire his primary campaign debt. On January 6, Issa voted to overturn the lawful results of the Presidential election. Image
Google made a similar $5,000 donation to Wyoming senator Cynthia Loomis on December 16. On January 6, Loomis was one of eight senators who voted to reject the Electoral College vote. Image
And on December 4, 2020, Google gave $5,000 to Jim Risch's leadership PAC, called Save America. What did Save America spend it on? Making sure that Republicans would win the Georgia Senate races. Googlers, this is who you work for. ImageImage
Read 22 tweets
30 Jan
Hey everyone—an update on API slowness today. The immediate issue is that the site is getting a lot of API traffic and once things bog down, it's difficult to identify the cause of the problem, as all queries get slow. So I'm doing my best to figure out which Jenga piece to pull
The deeper issue is that the API is not equipped to handle an obvious case (has anything changed for user X since time Y) that would reduce the need to fetch all bookmarks, an expensive query. That's the focus of V2 (draft here idlewords.com/pinboard_api2_…) that I've been building
I'm trying to find a balance between keeping the punch-drunk V1 of the API on its legs and getting V2 to a state where it can go into experimental deployment and then take over some of the load. Once it's up and running, the pressure on the original should lessen a lot
Read 4 tweets

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