BC
Richard James
@RJSHutton 5 months, 2 weeks ago 261 views

I think a plausible explanation is that whatever Corbyn says or does, his critics will denounce - no matter how much hypocrisy it necessitates.

Corbyn opposes the exploitation of foreign sweatshop-workers - Labour MPs complain he's like Nigel Farage:

https://t.co/X5S6p8CxUL
He speaks up in defence of migrants - Labour MPs whinge that he's not listening to the public's very real concerns about immigration:

https://t.co/i8Z1BWP2uj
He's wrong to prioritise Labour Party members over the public:

https://t.co/kBcDLas9Rs
He's wrong to prioritise the public over Labour Party members:

https://t.co/xhUQgz29Ac
He's appealing too much to the middle class:

https://t.co/z2XLCSdhua
He's not appealing enough to the middle class:

https://t.co/ohhfwKyFul
Corbyn is a Red Tory - who doesn't care about the problems faced by people on low wages:

https://t.co/6TzRAhiBJE
Corbyn is an anti-Capitalist - who is insufficiently grovelling towards companies which employ people on low wages:

https://t.co/9QQkp1RFE8
He's too radical (note the URL):

https://t.co/CTa4JlXNvm
He's not radical enough:

https://t.co/TAAwWugALL
He's too left wing:

https://t.co/vGTKuWtMRe
He's not left wing enough:

https://t.co/t5xJ5Uy3wg
He's too much of a centrist, and too much of a fringe figure, in the same article:

https://t.co/UcJxb07m0W
Too elitist:

https://t.co/Yta12GRY71
Too populist:

https://t.co/Q859vdrzWU
Too nostalgic:

https://t.co/6Kl8DZP1ar
Not nostalgic enough:

https://t.co/upmHrAPBda
Corbyn is like Donald Trump:

https://t.co/buIeJWvKuK
He makes Trump look like a genius:

https://t.co/YC1XzBG67X
He's not like Donald Trump:

https://t.co/dJ4Oz8O9pn
He's worse than Donald Trump:

https://t.co/lPvGtG9Pnu
He's too principled:

https://t.co/ROabO7n78j
He's not principled enough:

https://t.co/RITK8zLN0d
In fact he's putting principle before power:

https://t.co/rMsSeaXP8H
Actually, he's putting power before principle:

https://t.co/93YT5VNina
Too milquetoast:

https://t.co/xmohnuU1FL
Too terrifying:

https://t.co/gKGsNKZn0T
Too sensitive:

https://t.co/ux2OgtmdAq
Too insensitive:

https://t.co/HmJiaDVwQ9
A threat to life as we know it:

https://t.co/aQFsWDVb9N
Too mundane to be a threat to life as we know it:

https://t.co/vLFrPzHoI7
Not a communist:

https://t.co/2egsbwz6RQ
Definitely a communist:

https://t.co/UUzk6N2T5q
He's not interested in power:

https://t.co/LYW7MZOIgq
He's too interested in power:

https://t.co/g69CF9wCc4
He's unelectable:

https://t.co/XH3axJqr4G
He's too electable:

https://t.co/uqiF4lbbxR
And too radically left-wing:

https://t.co/Z9GNPrDBCg
And not radically left-wing enough:

https://t.co/kfWR4seXhm
Too keen on Brexit:

https://t.co/T8a2pmC3GG
Not keen enough on Brexit:

https://t.co/EVxLX1OHch
Not brave enough to reconsider his position on Brexit;

https://t.co/GEWCxT0VzE
Reconsidering his position on Brexit, due to cowardice:

https://t.co/fCEoz2FZXV
He's wrong not to oppose Theresa May's plans for Brexit:

https://t.co/jR7Fuo9EV5
He's wrong not to support Theresa May's plans for Brexit:

https://t.co/ICicJVo6CZ
By failing to oppose Tory Brexit, Corbyn is acting against the national interest:

https://t.co/pGZjHxiEJm
By failing to support Tory Brexit, Corbyn is acting against the national interest:

https://t.co/LzHgjWVjuT
He's wrong for not wanting a general election:

https://t.co/k6FH2vv8go
He's wrong for wanting a general election:

https://t.co/k4IMOjhyYb
Corbyn makes Labour's electoral oblivion inevitable:

https://t.co/GBFNPCprpC
He should easily have won the General Election, with a landslide victory:

https://t.co/R4RHpWnzsx

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https://t.co/UqtS1lpw3n


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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.