The President of South Africa appeared on national TV to tell some lies in support of perpetuating destructive Covid malarkey. Out came the old chestnut that data support the effectiveness of past measures. Where is this magic data? 2/12
https://t.co/WzW1jmgaNG
Similarly, that masks we are supposedly not wearing (though no data supports that allegation) have this magical property of preventing infection, again based on “data” that we are not privy to. Maskology. 3/12
https://t.co/J0vmyGogVX
He took the borked theory of asymptomatic transmission to a new level with the phrase “asymptomatic super-spreader events”. 4/12
https://t.co/WrQBiQ9HPN
The dodginess of the asymptomatic transmission theory is now common currency, for all with open eyes. 5/12
https://t.co/kwWYtEblfP
He cited every +ve PCR test as an instance of someone who’d contracted COVID-19, which is not even claimed by test manufacturers, & implying he still does not understand the basic difference between the virus, SARS CoV-2, & the disease, COVID-19. 6/12
https://t.co/3SjPqUmRZ9
This follows hot on the heels of his Minister of Health saying the new variant meant young people were at equal risk, implying a 1,000-fold increase in fatality. He had to walk back his claim, based on “anecdotes”, less than 48 hours later. 7/12
https://t.co/G8fCxgzA5b
This is the same Minister of Health who speaks of people testing +ve for COVID-19 & who has formulated regulations referring to the rt-PCR test as a COVID-19 test, again failing to grasp the difference between the virus & the disease. 8/12
https://t.co/bhFGE41I8v
These are the same regulations that were implemented as part of "21 days to flatten the curve" some 277 days ago and had no flattening effect whatsoever. 9/12
9 months into the crisis, Government still hasn't produced a lockdown impact assessment. Why? The tyrannical regulations bear a cost in lives massively exceeding lives lost to COVID-19 via millions of lost jobs, health interventions & educations. 10/12
https://t.co/AtCl8q6cFG
The President's lockdown is the greatest threat to SA lives. Not for billionaires & politicians who get paid through the crisis, but for the poor whose jobs are cut, who lack medical aid & whose kids don't have Zoom. 11/12
Ordinary people with an ounce of spine see through the absurdity of shutting down the whole country to protect a wealthy vulnerable minority. Be one of them. 12/12
https://t.co/7JYxsJbwba

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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.