Looking at the FTX implosion and the increasing likelihood of Bankman-Fried ending up awkwardly in a courtroom and feeling pretty good about this February fireside where I talked about the state preference for 'meatspace' strategies: acoup.blog
Admittedly I do not fully understand all of the fancy technical details, but I *do* understand some things about states - they are jealous creatures and apt to suspend their self-imposed rules if their power is sufficiently threatened.
There's a reason the clever criminals - be they crooked politicians or mob bosses - don't try to fight the state, but instead aim for some degree of state-capture.
Fortunately it looks like the air is going out of the crypto-balloon well before they could manage that.
Fortunately it looks like the air is going out of the crypto-balloon well before they could manage that.
Still quite fun thinking back at the number of, "no, you don't understand, this time will be different because of [tech tech] or [clever legal rule]."
Turns out that no, no, I don't think it will be different. Just tulips, all over again.
Turns out that no, no, I don't think it will be different. Just tulips, all over again.
This reminiscence is made extra pleasant by the fact that, just as in the picture for the original fireside, as I write this I have Ollie sitting in my lap being a good fluffy cat.
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