In the 2016 presidential campaign, then-candidate Donald Trump dropped the phrase fake news into the national lexicon to tremendous (and disastrous) effect. He understood how much people value the truth as an idea, and how much they despise being lied to.

Trump knew if you can cast doubt in someone about another entity (a person, a politician, party, a segment of the population), if you can make someone believe they’re being misled, they will revolt against the perceived offender and won’t require much, if any, evidence to do so.
Their visceral response to the mere suggestion of deception will be so great that it will supersede both clear logic and measurable proof.
In that state of scalding indignation at the supposed lie being proffered, data, facts, and objective reality will be largely irrelevant in convincing them otherwise, because they’ll inevitably contend that those arguments, too, could be fake. And down the rabbit hole they go.
Throughout the campaign and his young, myth-laden presidency, Trump’s truth-telling rating on https://t.co/9RjYg9hoNZ has continued to hover somewhere between Pants on Fire and Pinocchio.
The Washington Post reported that the president offered false or misleading statements more than two thousand times in his first year in office. And yet he himself ascended to the Oval Office largely by casting doubt on the veracity of his opponents, pundits, and critics.
By painting the media at large as untruthful, and his political adversaries as all compulsive liars, he was able to dismiss any unfavorable words and to convince a good portion of the electorate that he alone would “tell it like it is.”
Leveraging people’s aversion to deception and the resulting paranoia the suggestion breeds, he made them feel he was the only one they could trust.
Once convinced of that, the toxicity of his delivery and the incredibility of his claims were simply accepted by his duped supporters as the hallmarks of being a "straight shooter."

- Hope and Other Superpowers

https://t.co/5GeR6hcb0b

More from Trump

Enough! Reporters doing it again. Both-sidesing. U enable Trump's propaganda by doing this

Reporter's both-sides question:

"What was your role in what happened at the Capitol?

Proper question:

"Are you going to take responsibility for your role in inciting insurrection?"


The press enabled the storming of the Capitol because they never held GOP accountable for pushing #TheBigLie that election was stolen

I have been yelling about this for months. Starting here where @TerryMoran got it right

But after press returned to form


Not long after Nov 4th press started both-sidesing again. Question Republicans were asked over & over was:

"Do u think Biden won?"

This enabled the coup

The proper question at minimum:

"Why are u enabling this charade? Why are u spreading


After repeatedly yelling that press wasn't demanding answers of GOP for spreading #TheBigLie I hoped this political violence on Dec 10th would finally get press to demand answers. But no. They continued to both-sides


I noted how impotent the American press was acting by treating #TheBigLie as credible. The press is supposed to hold people in power accountable, but beside @TerryMoran on election night, they by and large

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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.