With all that's going on in the world, I wanted to introduce you all to the best thread on Twitter.
If you haven't heard of 'Eastbourne' and the old people that live in our town, get ready.
First up, it's the time when it kicked off between Edith and Dorothy.
#EastbourneEcho
More from Twitter
Inside: Dependency Confusion; Adam Curtis on criti-hype; Catalytic converter theft; Apple puts North Dakota on blast; and more!
Archived at: https://t.co/Osts9lAjPo
#Pluralistic
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This weekend, I'll be participating in Boskone 58, Boston's annual sf convention, where I'm doing panels and a reading.
https://t.co/2LfFssVcZQ
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Dependency Confusion: A completely wild supply-chain hack.
https://t.co/TDRNHUX0Ug
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In "Dependency Confusion," security researcher @alxbrsn describes how he made a fortune in bug bounties by exploiting a new supply-chain attack he calls "dependency confusion," which allowed him to compromise "Apple, Microsoft and dozens of others."https://t.co/hn32EmF5qT
— Cory Doctorow #BLM (@doctorow) February 10, 2021
1/ pic.twitter.com/eqFr3GXlyX
Adam Curtis on criti-hype: Big Tech as an epiphenomenon of sociopathic mediocrity, not supergenius.
https://t.co/MYmHOosTk3
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Adam Curtis is a brilliant documentarian, and films like Hypernormalization and series like All Watched Over by Machines of Loving Grace had a profound effect on my thinking about politics, technology and human thriving.
— Cory Doctorow #BLM (@doctorow) February 11, 2021
1/ pic.twitter.com/gydJK358BX
Catalytic converter theft: Rhodium at $21,900/oz.
https://t.co/SDMAXrQwdd
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Back in the early 2010s, people started falling into open sewer entrances in New York City and other large metros - because a China-driven spike in the price of scrap metal, combined with post-2008 unemployment, gave rise to an army of metal-thieves.https://t.co/gtD72IDCPn
— Cory Doctorow #BLM (@doctorow) February 11, 2021
1/ pic.twitter.com/gdgVJoMoY8
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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.