Kris Sargent, MD @kristofor@social.cleverlibre.org

I try to keep in mind Matt Levin of Bloomberg’s formulation about what’s happening in cryptocurrency and exchanges (paraphrased):

• A firm has a liquidity crisis if they have actually valuable assets backing their debts at some ratio but can’t readily liquidate those assets to meet their cash needs.

• A solvency crisis is when a company lacks substantial or any net assets with which to redeem debts (loan calls, etc.)

Because crypto has no underlying value, it’s all solvency.

Interesting explanation from a decently large Twitter advertiser on why they've paused their ad budget on Twitter after keeping it running for the past couple of weeks. https://www.teamblind.com/post/i-told-my-team-to-pause-our-750kmonth-twitter-ads-budget-last-week-4dnbo1Ft

The best argument against "capitalism breed innovation" is Los Angeles. Their answer to everything is just more cars. Want to travel 20 miles across town? Enjoy sitting in an Uber on the 405 for 2 hours. Like, where are the maglevs and e-VTOLs? Even a normal train would be better than this.

A thread on transphobia.

I don't get what it's like to be trans. I am straight, white, cisgender. Upper middle class.

For a long time, I didn't say much in public. Because being trans was so foreign to me. It made me feel uncomfortable. I didn't want to speak for someone else. But over the last year I realized that had to change.

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The Fraudulent King - Ed Zitron's Where's Your Ed At

https://ez.substack.com/p/the-fraudulent-king

Today is #TransDayofRemembrance when we honor and remember trans lives taken by violence. How horrifying that a deadly attack upon the LGBTQ+ community in Colorado Springs should occur right before this solemn day.
Hate isn’t born in us. It is taught. It must end.
This starts with our political leaders, who must cease their cynical attacks against our community before another attack occurs.
Call out the hate. Remind them of its consequences. Hold them to account.

In case you were curious about how things are going on the bird site, this is what’s listed in the News section now. No more articles from news sources or verified orgs. Just amplification for right-wing punditry and grievance politics.
#riptwitter

Twitter users are all like “I don’t know if I can trust a bunch of career sysadmins and network engineers to run their own Mastodon instances” — meanwhile Elon is just running around the Twitter data center going “what’s this button do?”

"A video posted on the right-wing site Rumble alleging to show evidence of election fraud in Dallas, Texas... was obtained by the Election Oversight Group, which is managed by a man who pled guilty to voyeurism charges after secretly filming people in his home bathroom."

Also, no voter fraud! The best people!

https://www.dailydot.com/debug/kevin-moncla-election-oversight-group/