The White House will be won or lost in these eight battleground states – and Biden is leading in all but one https://t.co/rtXPTpdbnr

In Arizona, Trump’s handling of the pandemic is proving costly, leaving him struggling to match his 2016 performance among those over the age of 65 https://t.co/TTHvr8Sclg
Republicans typically hold a slight edge in absentee ballot returns in Florida elections. But this year, for the first time ever at this stage of a general election, Democrats here are outvoting Republicans — and by a huge margin https://t.co/BCsVccVn1Y
Most of the attention in Georgia this year is directed toward Atlanta’s populous suburbs, which have turned hard against Republicans in the Trump era, But the outcome might come down to a less scrutinized force in this state: white rural voters https://t.co/2W17tsDVyf
All three Rust Belt states that Trump improbably won in 2016 — Michigan, Pennsylvania and Wisconsin — are problematic for the president this year. But Michigan is where things look bleakest. https://t.co/aQo6KIQZVH
Donald Trump has fixated on Minnesota since his narrow loss to Hillary Clinton there four years ago. But he’s not running as well with white voters and independents as in 2016. And with less than a month until the election, his prospects are dimming. https://t.co/BSCxBllbF3
The two most populous counties in North Carolina are expected to play a decisive role in the presidential race, a closely contested Senate race and the governor’s contest https://t.co/z5gUho216T
For a few months this summer, things were moving in the right direction for Donald Trump in Pennsylvania. The president’s unsteady coronavirus leadership is a key reason for the decline. https://t.co/woFHw12ebL
A confluence of events over the past month — all seeming to favor Democrats — has shifted the dynamics in Wisconsin https://t.co/kzZheerc52

More from Politics

39.1% of Democrats think that it's wrong to negatively stereotype people based on their place of birth... AND that Southerners are more racist. https://t.co/yp1hviLuBB


65.2% of Republicans think that people shouldn't be so easily offended... AND that Black Lives Matter is offensive.
https://t.co/znmVhqIaL8


64.6% of Democrats think that a woman has the right to do what she wants with her body... AND that selling organs should be illegal.

48.5% of Democrats think that a woman has the right to do what she wants with her body... AND that prostitution should be illegal.


57.9% of Republicans think that people should be free to express their opinions in the workplace... AND that athletes should not be allowed to sit or kneel during the national anthem. https://t.co/ds2ig1NJFr


Democrats: Men and women are equal in their talents and abilities. Also, women are superior. https://t.co/bEFSmqQguo

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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.