The notion of "stolen land" is bullshit bourgeois obfuscation: the current land owners are blaming the existing national collective—largely composed of workers—for supposed "crimes" committed centuries ago.
The land that came to be owned by the US & international bourgeoisie was never "of indigenous people" in some romantic egalitarian sense. It was owned by & fought over for by various tribal elites—whether agricultural or hunter gatherer.
Many Asian Americans are saying, "We belong here." But, let's not forget that "we" are on stolen land. Making a claim to belonging means being committed to indigenous people's rights. #StopAAPIHate
— Pawan Dhingra (@phdhingra1) April 1, 2021
The notion of "stolen land" is bullshit bourgeois obfuscation: the current land owners are blaming the existing national collective—largely composed of workers—for supposed "crimes" committed centuries ago.
In many cases the successors of the supposed aggrieved groups don't exist. If they do deference doesn't help them.
Historically, the state's attempts to offer indigenous people special dispensations has only hurt them, rendering them dependent...
While the conditions of workers in the US is grave, being one confers...
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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.