“Who is the crypto user?”. This was the question we have been grappling with recently, culminating in our release today of the first major market mapping survey of crypto users. Spoiler: crypto owners are more diverse in their views, interests, & beliefs than even I expected. 🧵

Glad to see Sen. Warren is putting out her own principles on market structure legislation. Now we can have a forthright debate over how to legislate standards in crypto & cease the pointless years-long fighting over whether crypto needs new legislation.

Much of the story on economic policy globally over the last five years is that inflation had been so successfully conquered over the last four decades in the developed world that everyone forgot how politically toxic inflation is, especially for left and center left parties.

The closest analogy is jumping out of a plane without a parachute, but having the parts to make a glider midair before you hit the ground (aka, your savings run out).

You haven’t truly lived until you’ve decided to start a company or venture with no revenue and just the little money in your bank account.

RT @danrobinson: I'm testifying to the Senate Banking Committee tomorrow!. I'll be talking about why it's important to protect DeFi as part….

It’s reasonable to say that academics in the 1930s who advise on policy would thus be more positive sum oriented than the median worker, who was living a more zero sum existence. Today, academics advising on politics probably are more zero sum than folks from private sector.

Academia in the 1930s was in the midst of a huge boom in jobs AND its social prestige in society was rising. So academic we’re living in a positive sum world where growth begets more growth. Now, you have zero sum brutal fight for jobs and grants in academia.

As much as I think analogies the the politics of the early 20th century are usually inapposite (industrializing country where 20% of people worked in agriculture and 4% had college degrees very different than today), the world of academia in 1930s was VERY different than today.

Hyper cutting edge state of the art systems that cost a mint are going out of style nearly everywhere in the economy: tech, transportation, defense, even the government. We’re shifting broadly to a paradigm focused on cost and efficiency, akin to after the energy shock of 1970s.

Link to the story.

Shot & Chaser. It’s notable that the Democratic voters who seem to be demanding extra-legal actions to fight Trump are 1) the most well-off white voters and therefore 2) the heart of the small donor class.

Unironically, chains are going to start having political pundits as KOLs over the next five years. A lot of chains are going to misfire at first, in part because the top tier pundits tend to be more crypto skeptical, but the trend will strengthen as crypto becomes mainstream.

This is worth the read. Gamergate probably was the event that birthed our modern politics, from the heightened political divisions by gender to the unending wars on social media about women in the workforce. Trumpism is probably more about gender roles than anything else.

Code is speech.

Was on the beach; can confirm there was a crowd panic and everyone suddenly scrambling for cover. Didn’t see or hear a gun discharge though.

Means this:. Gotta America-max

Happy Fourth 🇺🇸.

RT @Henry_George63: @mattyglesias @bendreyfuss Liberalism is by far the best ideology that has created the greatest amount of utility for t….

We’re about to find out if materialist politics is truly dead. Anyone who tells you they know for certain that this will trigger a strong backlash among working class Trump voters (or restore GOP support among affluent Romney-Harris voters) is gaslighting you or themselves.

RT @anangbhai: Great point. It's easier to have a vacation to Japan, book a 5 star ryokan, go to Europe than it is to buy a vacation house….