1/I am a rigorous researcher of stuff I critique. This week I have been in Miami attending several events related to blockchain, crypto, art, and adjacent areas.
Amid a sea of scammers and scenesters, I met some very intelligent thoughtful people genuinely trying to innovate.
2/Most legit use case I have found so far: distributed storage. Tech like IPFS and Filecoin offer some promise for resilient storage. Maybe.
Cited projects include public archives and recording videos of holocaust survivors in a distributed way. Ok, I can see that.
3/That’s something of an extreme example that serves also to lend legitimacy and gravitas immediately and offer some cover. Also not clear one can guarantee survivability and integrity of such a use case, long term. Still, it’s worthy of discussion.
Despicable woman, a psychopath. Amusing that the idiots couldn’t even spell her name right. It’s “Terpsichore,” morons. But what do you expect from insurrectionists?
1/I want to highlight the chatter in right wing circles around the possibility of “strategic default” as a means for bankrupting the CCP and crashing the global economy, tipping assets towards “hard money,” and creating a self-fulfilling prophecy next week.
2/They are fully convinced of the Fed’s sinfulness; they want to *prove* that Austrian economic theory is right; they want to “stick it” to China. They can do ALL of this by failing to raise the debt ceiling next week — proposed seriously below.
3/Even flirting with this idea is madness, and @LeaderMcConnell has backed off his early bluster in recent weeks, suggesting he will not risk this crazy move.
But, what if he isn’t telling the truth, or someone “convinces” him otherwise? We can’t risk this.
Please refer to these points when evaluating rhetoric coming from cryptocurrency and NFT cults. Once you see them as markers of cult behavior, they're easy to call out.
#1 "Crypto spaces" create safe spaces where participants can "help" each other and build social bonds. These spaces are imbued with "love" and "constructive energy" that enable people to "build" and "learn together about what works."
#2 Certain actors in the space are imbued with mystical energy or properties, say a Saylor, Dorsey, Musk, Thiel, or Novogratz. Their prognostications are watched closely, and when they are right, they are assigned prescience and respect. They signify a top of a hierarchy.
1/Thiel, HRF, Musk, Putin, Flynn are synchronized not necessarily because of explicit coordination but because of interest alignment and network influence, according to two sources close to these networks I spoke with yesterday.
2/The idea of crashing the dollar, defaulting on US debt, shifting oil transactions away from the dollar as the world reserve currency, is something of a libertarian fantasy trope, an archetypal myth that would validate Austrian School theory, and thus becomes a myth, a legend.
3/This trope thus becomes the morality play at the heart of every doomsday tale: the moment when the truth is revealed, society collapses and must atone for its profligate spending and moral sins, and the weak (“fiat”) heretics are separated from the pure (“gold”) believers.