A number of Trump appointees have tried to burrow into long-term public service jobs. Biden is firing them, which right wing commentators are trying paint as politicization. The reality is that this is correcting a Trump-era pattern of deprofessionalization. 1/
https://t.co/WCwUJq4xG4
1) Trump appointees engage in unprecedented ideological attack on mission of agency
2) Create contracts to give themselves quasi-career protections
3) Cry foul when they are treated as political appointees 8/
"Biden says he wants unity, but he refuses to keep in place a team of unqualified Trump appointees that oppose him and the core mission of their organization."
This is the wrinkle for Biden team seeking to clear out Pack and his appointees from VOA, Radio agree Europe etc - it requires mass firings too
— David Folkenflik (@davidfolkenflik) January 23, 2021
Will new USAGM leadership rebuild professional minded team w bipartisan support from Hill? That\u2019s the claim. https://t.co/RWhG5S96nW
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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.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
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.
