This might be a good time for folks to take a deep breath before interpreting election results. We don't know how much of victory was due to Biden's campaign message, Biden's record, Kamala's boost to the ticket, hatred for Trump, Trump errors on the campaign trail...

...the enduring appeal of Trumpism, the effectiveness of GOP campaigns for the Senate or the House, the mistakes made in Dem campaigns for the House, vice versa on both the preceding counts, the role of the GOP disinformation echosystem, COVID, the economy...
...mobilizing progressives, mobilizing centrists, racism, anti-racism, the movement to defund the police, the use of the word socialism, media blunders, voter ignorance, the impeachment process, corruption in DC, campaign finance abuse, the power of the establishment...
...the power of the Murdoch's, the hard right, the evangelicals, the Russians, the young, the old, whites, Latinos, blacks, women, men or any of the other countless factors (divine intervention, etc.) that have been cited in the media, by pols, on social media, in the days since.
For Dems, this is definitely not the time for finger pointing and division. There must be a laser-like focus on winning the run-offs in Georgia. There should be a widespread effort to mobilize the broadest possible support for the agenda of the Biden-Harris administration.
There will be a time for reflection. Perspective will help. Skepticism about simplistic analyses is warranted. And ultimately, we, as Dems, need to remember our goal must be to successfully address the massive challenges this country faces and to undo the damage caused by Trump.
That means broadening the appeal of the party, tapping into the strengths of all its factions, recognizing we share common goals, identifying paths toward success, trying to bring benefits to all the people, returning competence, honesty, compassion, vision & creativity to gov't.
Sniping, finger-pointing, glibness, serving narrow self-interests, ignoring the lessons of the past, failing to focus on what has worked in the recent campaign, and taking our eye off the ball when it comes to our urgent needs will not help.
In fact, they will hurt and create an opportunity for the resurgence of the far right, of Trumpists and of further suffering, corruption and destruction of all that we value in the U.S.

We need to find unity and common purpose in victory.

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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.
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