The December 12th, 2020 - "DC Rallies To Support Trump" (Jericho + Stop the Steal + MAGA million march).

The prelude to the January 6th insurrection.

Thread.

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This is mostly right but strikes me as it needing said that I don't think the left or the intelligentsia have the slightest idea how low institutional trust in anything coming from a left mouthpiece is now. Except in-network, the best heuristic is "the opposite of what they said"


If you look at the situation from a predictive models perspective instead of the more rigorous and appropriate (under normal circumstances) "prove your case or gtfo" perspective, trusting the opposite of whatever the left side says has an AMAZING track record, as we know it.

Literally, the best heuristic most people have right now, in terms of how often it gets things right versus *completely* wrong, is "whatever CNN, the NYT, public health officials, and the Democrats said... yeah, the opposite." That is, they're wrong WAY outside of statistics.

They're also not just wrong. They're *completely* wrong, backwards, often transparently covering something up that they don't want known or refuse to believe. This isn't just a legitimation crisis because there's a heuristic: whatever the official left narrative is, is wrong.

There are a few reasons why such a heuristic would be more predictive than not. One of those is conspiracy, and another is mass hysteria with ideological capture. We know at least one of those is happening and have rather strong evidence both are. That makes conspiracy reasonable

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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.
I'm going to do two history threads on Ethiopia, one on its ancient history, one on its modern story (1800 to today). 🇪🇹

I'll begin with the ancient history ... and it goes way back. Because modern humans - and before that, the ancestors of humans - almost certainly originated in Ethiopia. 🇪🇹 (sub-thread):


The first likely historical reference to Ethiopia is ancient Egyptian records of trade expeditions to the "Land of Punt" in search of gold, ebony, ivory, incense, and wild animals, starting in c 2500 BC 🇪🇹


Ethiopians themselves believe that the Queen of Sheba, who visited Israel's King Solomon in the Bible (c 950 BC), came from Ethiopia (not Yemen, as others believe). Here she is meeting Solomon in a stain-glassed window in Addis Ababa's Holy Trinity Church. 🇪🇹


References to the Queen of Sheba are everywhere in Ethiopia. The national airline's frequent flier miles are even called "ShebaMiles". 🇪🇹