Honestly, the House hearing on crypto is relatively adult and sober, though unsurprisingly a bit superficial. It is amusing to see crypto execs explicitly talk about the degree of surveillance of users. Ah, central financial authorities that surveil customers, you say?
Ah, now we’re in the part where the crypto CEOs nakedly appeal to Republican lies about being censored, and advocate a really extreme privatization of currency itself. Welp.
Astute framing from @RepJuanVargas that a huge part of activity is just speculation, and it's not different than real estate speculation was in 2008. Been a lot of dancing around that.
oh wow, @RepCasten shows up fluent, and actually understanding both the tech and the market implications. Really, really impressively sharp questions. It's nice to be reminded of smart people who are elected legislators!

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More from @anildash

8 Dec
new yule log just dropped, gonna leave this on a loop in the background this entire War on Xmas season
THIS TICKLES ME
this guy thinks it's good when cops summarily execute people in the street, but is Real Mad about some bullshit tree
Read 4 tweets
7 Dec
LOL this is such a classic “show a % change in wildly different sized numbers” form of data manipulation that I can’t believe it’s being presented straight-facedly.
Of course, manipulating data narratives is nothing new for Florida and Texas, where climate denialism and covid denialism are official policy. It’s literally just VCs wanting elected officials to stroke their egos on social media.
To make it more explicit: NYC can literally still have multiple times as many actual tech workers moving to town as an absolute number than Miami does in a year, while having a chart that looks like this. Are the people telling this story dumb or intentionally misleading?
Read 7 tweets
9 Nov
This is the text of the new bipartisan bill aimed at requiring large-scale (1 million+ users, $50M+ revenues) social platforms to provide views of their streams that aren’t sorted by an opaque algorithm. It’s short, and fairly readable. documentcloud.org/documents/2110…
This piece summarizes the sponsors and the intent fairly well. (Note: it uses “algorithm” here in the vernacular sense, not the technical one, but the bill itself is a bit more considered about that.) axios.com/algorithm-bill…
I think @johnthune and his cosponsors mean well with this but it’s ill-considered in its implementation, mostly for being too obviously inspired by Twitter’s optional chronological view of the timeline. They clearly saw that option & thought “let’s require more of that!”
Read 8 tweets
8 Nov
I’m really delighted to join the board of @TheMarkup. I’ve valued the work they do right from the start, and the entire team’s approach in making smart use of data & deep investigations feels like a huge leap forward in how accountability happens. It’s vital, necessary work.
A key recent example for me was the work Alfred Ng & @tenuous did on identifying the trackers used on websites for various non-profits. It’s a privacy, ethics & even safety issue to have such data shared behind the scenes. themarkup.org/blacklight/202…
And this approach, combining smart research, clear narratives, and unique technology, really has impact. For example, look at @EFF proudly showing off how The Markup’s work justified their effort in *not* allowing trackers. These are strong incentives.
Read 5 tweets
8 Nov
tfw the article is native “I am reaching out again because we have a new opportunity
(If you’ve ever wondered how those “this year’s hottest startups” or “companies to watch in 2022” articles happen, this is how.)
What they mean by “native” is most of these sites have paid content (go look at the homepage for a “Top 8 [whatever]” article, and though there’s usually a tiny label that says it’s sponsored, it still shows up in Google News & looks like a real piece.
Read 4 tweets
5 Nov
Here’s the pattern: media amplifies the message that undermines regressive efforts, then later quietly corrects the story, but the public narrative is already cemented. Here it is with labor reports, where early, (wildly wrong) estimates are treated as fact.
Here it is with blockchain triumphalism, a recurring pattern of treating false press releases as fact, just long enough for pump & dump profiteers to make their money.
Here it is with “Facebook” ending some kinds of facial surveillance… but Meta is going to keep doing it.
Read 7 tweets

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