“Doing this only excuses the messaging that we have been seeing everywhere we
look … that crypto is an ‘investment’, or the future of money, or the
democratized version of finance that will finally give the average person a fair
shake.”
posted 10/5/2022 8:00pm ∞
“[A] central theme of this story is that expectations move slower than reality on
the ground. That was true when people clung to 1950s expectations as the
economy changed over the next 35 years. And even if a middle-class boom began
today, expectations that the odds are stacked against everyone but those at the
top may stick around.”
(This is interesting and insightful, but I link to it with a very large caveat:
It erases minorities from the story.)
Morgan Housel ,
How All This Happened
(Collaborative Fund ,
November 24, 2021 )
posted 8/25/2022 8:00pm ∞
“To most consumers, Prime looks like a lovely convenience offering free
shipping, and it’s hard to find better prices elsewhere. But the reason you
can’t find better prices isn’t because Amazon sells stuff cheap, but because it
forces everyone else to sell stuff at higher prices.”
“[W]hoever’s running these art theft bots found a much more profitable way of
generating leads: by scanning Twitter for people specifically telling artists
they’d buy a shirt with an illustration on it.”
“As a consequence of always tending to others, very little space is left for the
child to know or express her own needs. The only legitimate needs seem to be
those of others. Expressing her own needs is met with frustration, anger or
other parental emotions that link her needs with fear and shame.”
Nivida Chandra ,
The parentified child
(Aeon ,
March 4, 2022 ,
via Jason Kottke )
posted 12/19/2022 8:00pm ∞