Justice in the Wilderness

Some have asked for my review of the book. Follow the thread only if you are interested

I dont want to bore anyone unnecessarily 😊

As in many memoirs its content can be categorised into 2. Statement of facts & opinions. Where facts are concerned, I believe his recounts are true & fair with no malice or bias intended. Opinions are, well just that & it can be interpreted in many ways
I thought of writing a long one but on 2nd thoughts ill keep it as concise as i can

Truth can be uncomfortable but we need to hear it in order to move forward

And i believe TT has been very frank in his book & to truly appreciate it, one has to put aside sensitivities & listen
Key takeaways from the book; Deterioration of meritocracy & impartiality & the desecration of the judiciary by the powers that be. He has pinpointed to the events that have led to this

If we truly care for our country it is critical that we give it serious considerations
TT is a world class lawyer. Very adept, consistently exercising due care & dilligence. His commitment in following thru is impeccable, driven by his desire to deliver best results in his clients interest (Malaysia as AG) eg. his relentless pursuit of Goldman Sachs, Equanimity
Another thing that impressed me was how productive he had been serving as an AG under just 2 years of service

He related all his major works in the book and perhaps this is the most facinating part of the memoir
He has clout everywhere in the world (even with FBI) and always manages to get the best representations, largely on pro bono

Losing him as an AG was a great loss especially many issues that he was working on was still underway
Nowhere in his book was he "anti Malay" & i welcome anyone to debate me on the contrary

All the publicity on some excerpts were out of context. You need to read the whole book to gain deeper understanding
Some cons. The memoir is a bit long winded at some points & too short at others. In a couple of instances he assumed readers knew some cases he was referring abt. So some cross references is needed along the way

There were also some ambiguity which i wish i could ask personally
Overall it was a good read and an important lesson to us all. Many historical perspectives that are informative too

I would highly recommend reading it

If there is any specific questions or disagreement on what said, you are welcomed to do so

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OK. Chapter 7 of Book 4 of #WealthOfNations is tough going. It's long. It's serious. It's all about colonies.

We can take comfort, though, in knowing that the chapter #AdamSmith says is about colonies is, in fact, about colonies. (IV.vii) #WealthOfTweets #SmithTweets


Colonies were a vexed subject when #AdamSmith was writing, and they’re even more complicated now. So, before we even get to the tweeting, here’s a link to that thread on Smith and “savage nations.” (IV.vii) #WealthOfTweets


The reason for the ancient Greeks and Romans to settle colonies was straightforward: they didn’t have enough space for their growing populations. Their colonies were treated as “emancipated children”—connected but independent. (IV.vii.a.2) #WealthOfTweets #SmithTweets

(Both these things are in contrast to the European colonies, as we'll see.) (IV.vii.a.2) #WealthOfTweets #SmithTweets

Ancient Greeks and Romans needed more space because the land was owned by an increasingly small number of citizens and farming and nearly all trades and arts were performed by slaves. It was hard for a poor freeman to improve his life. (IV.vii.a.3) #WealthOfTweets #SmithTweets

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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.
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