1\ Email to a friend explaining why cryptocurrencies will make his finance business worse, not better
2\ Crypto transactions only seem cheap and efficient if you do them dangerously

If you do them safely, they're a pain in the ass
3\ Traditional finance enjoys economies of scale from centralized enforcement and dispute resolution

Crypto bulls say you *get* to "be your own bank", but in reality you *have* to be your own bank, which is a nightmare
seems like a thread @patio11 and @profplum99 might enjoy

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More from @ElonBachman

30 Nov
The open villainization of white men is pretty funny

From a new Twitter policy:
I even catch myself doing it, because it's such an effective rhetorical device when debating bugmen

E.g. I'll say something like "You should support fossil fuels because they are lifting minorities out of poverty", and this framing actually works on the bugman
I suppose the immediate effect of Twitter's new ban on public photos will be selective blackout of things like retail flashmob robberies and Antifa riots
Read 5 tweets
13 Nov
1\ It's a mistake to fight Woke totalitarianism with a toolkit of civil rights

The temptation is to say "Look, once upon a time we were all committed to the logic of equal rights, and by that logic XYZ policy is barbaric, so let's abandon it"

This is backwards...
2\ A framework that enshrines individual liberties is a fragile and unnatural thing

It's a sort of acme performance that can only be sustained by a community that already knows who it is and what its values are

It's historically bizarre. It's precarious.
3\ The problem is not that we let this baroque spinning orrery get slightly out of true, and the solution is not to have a stern judge nudge it gently back into alignment

The problem is that you can't build ornate rights structures on top of multi-culturalism
Read 5 tweets
6 Nov
1\ I woke up choosing violence today, so here is a thread on why crypto is *provably* broken, and why 13 years after the Bitcoin white paper, crypto's only real world uses are a few loopholes awaiting regulatory closure
2\ The issue is that "fair exchange" (you get what you want, I get what I want, and neither of us reveals our identity) is provably impossible without a trusted intermediary

(yes I know about atomic swaps, but what we care about is exchanges between crypto and physical goods)
3\ For some reason this class of impossibility theorems seems not to have a punchy name like "Byzantine Fault Tolerance"

But it's a big literature, and you can find tons of papers on it:
Read 9 tweets
30 Oct
The idea of forbidden knowledge is common to many religions

Makes you wonder about the modern academy refusing to gaze on the GWAS data
Polynesians were in California more than a thousand years ago?
I had no idea "poultice" was a cognate of "poultry", or why 😳
Read 5 tweets
19 Oct
1\ At a party this weekend and laughing at the 2D caricatures the Left paints of the unvaxxed: basically all fat angry white guys who drive dirty trucks in flyover land

In reality: 28 of 30 guests were unvaxxed, and they cut quite the swath:
2\ Two korean girls, one does acro yoga and organic stuff, other runs a bar

Art major living in literal van in forest, building artisanal underground meat smoker

31yo kid who flips a few hundred houses a year

Three big wave surfers

Couple gay guys
3\ Ex congressman

Vietnamese refugee who now owns commercial RE, including a doctor's practice that offers fake vax records

Bunch of fund managers, many 100M in AUM

Two retired pilots

Couple PubCo directors

Son of clinical research director

Etc. etc.
Read 4 tweets
16 Oct
I expect Pinker's "Rationality" book will be terrific, but I'm also going to have fun pointing out the places where he shoe-horned his politics into his thesis

E.g. calling this "Fake news" is disingenuous when there was a *true* story where people were called "deplorables" Image
Here he offers a straw man of Right-wing prejudice

But in reality, people have extremely accurate stereotypes of which groups (including some immigrants) disproportionately commit crime Image
Here Pinker claims COVID panic was rational

But even if you underestimated spread by 100x (as I did), you could look at Chinese and Korean data in Feb 2020 and know that COVID was harmless except to the already moribund

Pinker is silent on hospitals having been empty Image
Read 18 tweets

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