Meanwhile on this site we're locked in some kind of conceptual battle over @Davidshor Thought when the actual Democratic governing strategy, almost a year after winning power, is "do nothing". I'd like to at least see a robust defense of that by a true believer.
Our political leaders created a huge buildup to bills that were supposed to make the New Deal look like chump change, went all-in on debt ceiling drama, and then just said "meh" about it all. That seems like a bigger political emergency than the specific content of these policies
Part of political leadership is just storytelling and getting people to participate in a shared narrative around national priorities. So for example, what's the story on Covid right now, going into winter? What is even the content of Build Back Better at this point? No one says.
The Democratic critique of Trumpism for four years was that it was destroying democracy, so the failure to wield power once given it is extremely damaging. You can't say the house is on fire and then argue for a year over which hose to use without people feeling taken for a ride.
And that's apparently the extent of Democrats' message going into 2022. "The house is still on fire! Better elect us again!"
The unintentional lesson in this map is that for Boston, it doesn't really matter much whether we stop emitting greenhouse gases tomorrow or just relax and keep on going. The 1.5º C of warming responsible for most of the flooding is already baked in.
This fallacy comes up a lot in the discussions of climate change. Because so much warming is already locked in, the baseline for comparing various future scenarios should not be how things look today. That is an unattainable future goal unless we start doing crazy geoengineering.
When you stop framing the climate question as "can we save Miami?" and replace it with the more correct "can we save West Palm Beach?", it becomes less motivating. People have done a poor job communicating how much future impact is already irreversible.
The web3 concept that is slowly congealing is an interesting inversion of web 2.0. Back then the idea was "build social websites and figure out the money part later." Today it's "build money stuff and figure out some non-speculative use for it later."
There are three non-fraud foundational problems with "web3":
1. No way to reference anything in the real world (oracle problem) 2. Immutable code makes any smart contract its own bug bounty. 3. Everything breaks (more) unless expensive distributed systems are run in perpetuity.
You can't write this off as idiotic because there may be serendipitous discoveries waiting, just like happened with the web 2.0 hype. But the money element is new and quite toxic. It's a set of legos where every lego is also an unregulated casino, ponzi scheme, and ransomware kit
At the moment we have a situation where a former Facebook product manager is advising a Facebook-reliant Congress on how to regulate an industry whose irredeemable business model she saw no problem with for eight years or more. And now the Facebook Supreme Court will hear all!
A key policy question is whether the surveillance advertising business model is intrinsically harmful or just needs lots of guard rails around it. You're not going to hear the first point of view articulated by anyone who worked for years at these companies, by definition.
This is pretty great. The undercover FBI agent you're trying to sell nuclear secrets to has asked you to leave a memory card in a specific location, but you're no fool. So to avoid getting caught, you bring your wife to stand next to you and keep a lookout while you crime.
The summary of the email exchanges is pretty great:
FBI: plz put the crime data in a location we picked
Criminal: lol no way. I'll upload it.
FBI: no we need it on a card.
Criminal: OK but I'll pick the place. Also I've never crimed before
FBI: No plz use our place.
Criminal: OK
I guess this guy's long drives *with his wife* to deliver classified information to a location an internet stranger told him to use gave this guy a lot of time to overthink how to safely communicate with that amazingly helpful stranger in the future. There is a parable here.
To be clear, I am 100% on board with the possibility that Tether is a massive fraud. But there's a broader context of shenanigans here that is underreported. For example, consider the way Chinese stocks are listed on US exchanges.
When you buy a Chinese stock on a US exchange, you're not buying shares of that company, but a Variable Interest Entity incorporated in the Cayman Islands. This VIE is a smoke-and-mirrors entity that has no enforceable relationship with the Chinese giant, and is illegal in China.
But because it is convenient for everyone, this flimsy and very shady looking fiction has worked as a way to duct-tape Chinese companies to US capital markets. If you're a freshly arrived Martian just learning about money, it doesn't look much different from something like Tether