—TAKEAWAY LESSONS FROM PANDEMIC 2020-21: A THREAD—

Below, a few basic lessons I have drawn, as a political philosopher and informed citizen who has made it my business to closely follow political, social, economic, clinical, & epidemiological aspects of the pandemic:

1/ Most mainstream journalists cannot be relied upon to critically uncover, & impartially convey, the facts surrounding a complex & unfolding crisis. If you watch RTE, BBC, or CNN, you are fed naively one-sided stories laced with fear-mongering, misleading use of statistics, etc.
2/ If you wish to inform yourself about a public crisis like this pandemic, you must find commentators who have limited access to mainstream media, good credentials, & arguments that consider a wide range of available evidence. You need to be pro-active about diversifying sources
3/ Reliance by govts upon advisory committees with a clearly one-sided take on the pandemic (eg suppression at all cost) has led to catastrophic outcomes. Govts must diversify their scientific sources & encourage ROBUST scientific debate among their advisors.
4/ Hyper-centralised management of public health is ineffective. Decision-making power must be decentralised so that it can adapt quickly to local conditions. Care homes were badly hurt by top-down mandates that were sluggishly responsive to evolving conditions on the ground.
5/ The trust-based model of public health was ditched in 2020. Govts have turned to a “command & coerce” approach, unleashing widespread distrust & resentment toward public authorities. More coercive health policies have not been shown to be more effective than less coercive ones
6/ Locking down healthy populations has had catastrophic repercussions on health & well-being with very small returns if any as a method of disease control. We must NEVER repeat this reckless experiment ever again.

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7/ Future public health crises must be handled with efficient, targeted policies driven by detailed risk assessment. We knew from March 2020 which populations were most & least at risk, but most govts foolishly chose to treat EVERY social interaction as a high risk scenario.
8/ Public fear has been fed daily by media & politicians focusing on remote possibilities rather than probable outcomes. Public officials & journalists need to inform the public with facts & evidence, not feed their fears with IDLE SPECULATION about potential disasters.
9/ Many Western nations are now prepared to jettison basic civil liberties like freedom of movement & patient consent in the pursuit of an unrealistic “zero Covid” utopia. Widespread civil disobedience & protests may be the only effective antidote to these totalitarian tendencies
10/ This pandemic has offered us a poignant illustration of the dangers of highly centralised States. In a highly decentralised State local & municipal authorities could push back against civil rights violations & destructive stay-at-home orders imposed by national govts.

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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.