Financial press is so bought in to crypto scams that they'll just run straight up lies now, and then update with an "ummm, we're still looking into it" message later. One big reason we need stronger regulation is because the journalistic checks & balances are non-existent.
Truly, not even the slightest interest in anything except pandering to crypto enthusiasts who are always looking for the greater fool.
The crypto insider take is "silly mainstream media doesn't realize Walmart would never pick that coin, they'd pick... this other cryptocurrency I own more of!" The issue is that the entire community's norms are broken, scams are rife, and exploitation is assumed.
(There's some larger irony about the fact that all of these crypto ecosystems are racing to get to "too big to fail" status before the music stops.)

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More from @anildash

10 Sep
When called in front of congress 3 years ago, Zuck tried to play-act accountability by saying they’d share key data with researchers. But FB made a fundamental error in gathering that data.… Since then all the links to the original announcement are dead.
Either Facebook is too incompetent internally to share the data necessary to enforce a bare minimum of accountability, or Facebook is so corrupt that they undermined the data-sharing process, knowing it would be years before the truth came out. Which is it?
And either way, Facebook culture will draw the lesson that trying to share accountability data only for them criticized, so they should even *try* to be accountable in the future. They’ll see any work with credible researchers as a PR risk.
Read 4 tweets
10 Sep
This was a something rare & special, I finally got to see the video for a song that I've loved and known every word to for 30 years: Public Enemy's Brothers Gonna Work It Out. It's unfortunately every bit as resonant today as the day it came out.
The video alludes to the then-recent attack at Greekfest in Virginia Beach. A sort of predecessor to Freaknik, Greekfest was a flourishing annual gathering of mostly-HBCU students, and got big enough that year that De La Soul, LL Cool J & Q-Tip all came through just to hang out…
…until the city, and the cops, violently cracked down on the (overwhelmingly Black) crowd that was hanging out in the streets of the (overwhelmingly white) town.… It ended Greekfest completely.
Read 5 tweets
10 Sep
The two biggest mistakes I see repeated over & over in political discourse by moderate progressives & liberals are trying to (1) shame or (2) point out hypocrisy as ways to change what the fascist right does or says. These tactics don’t work on them, and are ineffective.
They see your finger-wagging, however sincere, as proof they’re doing something *right*, because they’re pissing off liberals while not being encumbered by anything so stupid as principles in their naked grasping for power & control.
And they have a criticism which is actually often true — these responses are more often about performing for fellow liberals than anything else. But fortunately, they give us a clear path for how they think failed extremist ideologies ought to be handled.
Read 6 tweets
6 Sep
Hey all, today is my birthday! I don’t want for anything, but I will ask you for a gift: I’ll match your donations to local abortion access funds up to a total of $10,000 today; just let me know when you give (DM is fine, too). Please give generously!
I unfortunately have not been able to be as active as I’m used to for the last while, but I am still deeply grateful for all the ways I am fortunate, not least of which is getting to have this little platform where sometimes we can do some good together. Thank you! 🙏🏾💜
Wow! It’s only been about an hour and a half and we’re halfway there! Your generosity has contributed over $5000 across 14 states and the national level so far. Let’s keep it going.
Read 4 tweets
1 Sep
Really loved seeing this incredible AR demo that @AdaRoseCannon created, and what a great example it is of how a company like @SamsungInternet uses @Glitch to help explain their work and make it more accessible to developers of all levels of experience.
Over at @SalesforceDevs they're integrating tutorials for building @SlackHQ apps into @Trailhead, using Glitch to help get your new app up & running instantly.…
Making a modern browser often requires showing off examples of the latest web technologies, so the @MicrosoftEdge team links to a Glitch project to show off a complex example of the benefits of a new browser feature.…
Read 8 tweets
27 Aug
It’s incredibly surreal that all these profiles of Covid deniers or antivaxxers feature them saying, over & over, that a huge reason for not caring about the death of others (or themselves) is because of their religion, but journalists simply ignore it and refuse to mention it.
I feel like if every single pro-covid person had casually mentioned “well, it’s simply Gozer the Destroyer’s will that so many die of preventable causes. He craves suffering and human flesh.” that most media would probably ask, “hey why are all of the death cult folks Gozerites?”
Anyway, can anyone find a *single* mainstream media outlet in America that has a story which mentions this one wacky coincidence about all the anti-vaxxers? Are they asking if we should hold off on building churches until we know they aren’t hotbeds of pro-covidism?
Read 4 tweets

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