"I was born in 1921. There have been some incredible moments in the past century, but some years will always be etched in my heart. When I was 22 years old I was sent to Auschwitz. I survived the Holocaust."

Freddie Knoller writes for @TimesRedBox on #HolocaustMemorialDay

"My earliest years in Vienna were largely happy ones. I came from a wonderful, loving family. I was one of three brothers — we all played music and our home was full of happiness. But, I was also subjected to antisemitism"

https://t.co/owgZmITUPF
"After the Germans invaded my home country of Austria this became unbearable. I still remember Kristallnacht — the broken glass and the beatings so many Jewish men received. It became clear that to stay was dangerous"
"My parents, in their fifties, believed they were too old to be the targets of the Nazis so they stayed in Vienna. They were wrong. The Nazis did not care if Jews were young or old, religious or secular. My parents were murdered in Auschwitz-Birkenau alongside 1.1 million others"
"Eventually I joined a French Resistance group in southwest France, alongside non-Jews who risked their lives to stand up for what was right. But I was betrayed, tortured, and sent to a concentration camp."
In October 1943 I was sent to Auschwitz-Birkenau — an indescribable place. We were tattooed with a number. I was no longer Freddie Knoller, I was 157103.

I survived concentration and death camps, deportations, and a death march. Six million Jews did not

https://t.co/owgZmITUPF
"Every day I see the tattoo the Nazis gave me and remember that I was persecuted because I am a Jew. We must build a more tolerant and accepting society.

What happened to me cannot be allowed to happen to anyone, ever, for any reason"

https://t.co/owgZmITUPF
"Today, on Holocaust Memorial Day, I share my story with you. I turn 100 in April. I will not be able to share my story forever. But the story must live on. People must know what happened."

https://t.co/owgZmITUPF
"My ask of you today is simple — share my story and remember my family who were murdered by the Nazis. Learn the lessons of history. And build a future that we can all be proud of"

Freddie Knoller shares his testimony through @HolocaustUK

https://t.co/owgZmITUPF

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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.


The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.

This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.

The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."

This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.