A large explosion rocked Nashville this morning. Fire Department told to pull back due to concerns of possibly more. Photos emerging show a very crazy situation.

#Nashville #NashvilleExplosion
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Warning, graphic video.

Video from the area showing the aftermath of the explosion in Nashville.

#Nashville #NashvilleExplosion
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Police bomb squads and Fire hazmat on scene. Per procedure units are setting up radiation monitors to assess the situation near the explosion area.

#Nashville #NashvilleExplosion
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Units are being told to move back an additional 2 more blocks from their current postions.

#Nashville #NashvilleExplosion
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Debris was ejected quite far. Some as far as 4-5 blocks away.

#Nashville #NashvilleExplosion
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Another video from the area of the explosion.

#Nashville #NashvilleExplosion
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Video here shows that debris traveled a significant distance and speed breaking through the window.

https://t.co/DpFxPrXx4Y

Distance charted below by @imvexomous

#Nashville #NashvilleExplosion
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K9s are in place searching the area at this time.

#Nashville #NashvilleExplosion
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https://t.co/3nc9LCEaDt
FBI and ATF are moving on scene to assist in the investigation following the comments from authorities saying that the explosion was intentional.

#Nashville #NashvilleExplosion
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https://t.co/vW9qYvaWt7
FBI are currently leading the investigation into the explosion.

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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.