Twitter Feed: Posts

@polotek ("Marco Rogers") replied to a tweet by @polotek:

Things will eventually settle down to something much more reasonable. People will start producing real value and creating real businesses. Somebody will inevitably pop up at that point and say “See! You were wrong”. But we all understand the way history gets rewritten.

@polotek ("Marco Rogers") replied to a tweet by @polotek:

I want to say something again for the record. Because it’s easy to be a naysayer. I believe there could be some real and valuable uses for blockchain technology. It’s not clear how big those opportunities are, because the hype and scammers are drowning everything else out.

@volkadav ("Mike Jackson") retweeted:

@coreyspowell ("Corey S. Powell") wrote:

NASA's Parker Solar Probe plunged deep into the Sun's corona & passed directly through streamers of solar plasma. The view out the window was...staggering. http://parkersolarprobe.jhuapl.edu/News-Center/Show-Article.php?articleID=173

Video:

@polotek ("Marco Rogers") replied to a tweet by @polotek:

I’ve known to be deeply critical of the ethics and motives of social media executives. Even if the platforms have real value to people, we trade that for being manipulated and exploited in deeply harmful ways. Facebook and Twitter are likely to use crypto to continue that trend.

@polotek ("Marco Rogers") replied to a tweet by @polotek:

There are a few things to watch out for though. Like I said, the crypto hype train is largely enabled by the mainstreaming of tech and social media. Social media companies actually stand to profit hugely from investing in crypto. They’re not going to stop.

@polotek ("Marco Rogers") replied to a tweet by @polotek:

As more and more people start to realize that crypto is not going to turn into a real, sustainable profit sector for them, they’re going to cut their losses. That will cause the markets to drop. More people will start to get hurt. Eventually people will realize the party’s over.

@polotek ("Marco Rogers") replied to a tweet by @polotek:

Ponzi schemes start to fizzle out when nobody can find the next sucker to pull into it. That’s gonna take a while, because again, literally most of the population is a target. More importantly though, businesses actually expect a return on investment at some point.

@polotek ("Marco Rogers") replied to a tweet by @polotek:

If you slap the word NFTs on your messaging right now, you can get a bunch of people to pay attention. That is valuable to businesses in and of itself. But eventually everybody will start to realize that very little real business is being done.

@polotek ("Marco Rogers") replied to a tweet by @polotek:

As near as I can tell. The reason businesses are doing this isn’t because they have real use cases in mind. It’s either because their developers are getting sucked into the technology hype, or because they can’t help but see how effective the marketing is right now.

@polotek ("Marco Rogers") replied to a tweet by @polotek:

We have reached the next worrying stage in this ongoing problem though. It’s not just speculative investors anymore. More and more legitimate businesses are starting to put budget into crypto. That’s going to ballon the market more before it ultimately collapses or corrects.

@volkadav ("Mike Jackson") retweeted:

@jzux ("trash jones") wrote:

the fact that 2021 is already over is proof that time also flies when you are NOT having fun

@volkadav ("Mike Jackson") retweeted:

@LundeenOttawa ("Jeff Lundeen") wrote:

Do you remember the world’s very first nuclear meltdown? That time the US President, an expert in nuclear physics, heroically lowered himself into the reactor and saved Ottawa, Canada’s capital?

Sounds like schlocky action movie, but it actually happened!

@polotek ("Marco Rogers") replied to a tweet by @polotek:

Because we’ve created an increasingly connected digital society, it’s more possible than it has ever been to “scale” the scam. It’s like spending $5 on the lottery every week. Except literally a billion people can play. So you can create a speculative market of $5B a week.

@volkadav ("Mike Jackson") retweeted:

@mysteryspoons ("ken cosgrove, accounts") wrote:

just got a calendar invite from my boss titled "quick chat - good thing" and I have never been more grateful/impressed with anyone in my life. a workplace revolutionary tbh

@polotek ("Marco Rogers") replied to a tweet by @polotek:

It didn’t actually cost rich people very much money to fund basic crypto platforms. They still put most of their actual investment in real businesses. Most of the effort has gone into creating the hype train. Most of the money in crypto is being scammed from regular people.

@polotek ("Marco Rogers") replied to a tweet by @polotek:

There is so much investment money out there looking for a home. And at the same time, a lot of people are struggling and looking for alternatives to soul crushing capitalism and labor exploitation. It’s an environment that is ripe for speculation and “get rich quick” scams.

@polotek ("Marco Rogers") replied to a tweet by @polotek:

Here’s my hot take on the reason crypto has been able to grow grown so big despite not being useful in a real economic sense. It’s the same reason as a bunch of other problems. We are in an unprecedented time of wealth inequality and wealth hoarding.

@zkat__ ("tired but ❄️festive🎄 gay") retweeted:

@elizposadas ("Elizabeth") wrote:

I just got out of the shower and my hair has big main character energy. Dye your hair if you’ve got it, friends. 💜

@polotek ("Marco Rogers") replied to a tweet by @polotek:

Cryptocurrency and NFTs are not too big to fail. I think the ideas will evolve in a few different ways. It’s not going to die completely. But it is unsustainable in its current form. Because a lot of people are going to get hurt. And at some point, that’s going to come to a head.

@zkat__ ("tired but ❄️festive🎄 gay") retweeted:

@nocheamarga ("👑:3cway 🚀 6.0 spoilers") wrote:

ffxiv players creaming their pants when loveable npc scrimbo the bimbo from the 2.69 quest shows up for 2 seconds in endwalker

@polotek ("Marco Rogers") replied to a tweet by @polotek:

Saying “it won’t work” is true in some sense. But it misses the point. You can’t really keep people from jumping on a bandwagon and getting harmed as a result. People are gonna to do what they want. But I believe we can help people see the truth sooner rather than later.

@polotek ("Marco Rogers") wrote:

This is a thoughtful thread. But I want to say something real simple. Trying to keep people from getting scammed is not a bad thing. This isn’t about ego or “scolding” people. I’m trying to prevent harm. Like I try to do everywhere else.

with quote tweet:

@anildash ("Anil Dash") replied to a tweet by @anildash:

Trying to prevent exploitation by scolding people as being fools is simply not going to work, especially when those doing the scolding are perceived as having already profited from the previous generation of platforms — which caused their own extensive harms.

@33mhz ("SIMD Crawford") replied to a tweet by @33mhz:

I was very surprised that I got past Act 1 (barely) on my first try. I figured the start of Act 2 was a good place to leave off for now

@zkat__ ("tired but ❄️festive🎄 gay") retweeted:

@NewEconomics ("NewEconomyCoalition") wrote:

“Historically, co-ops have always emerged and scaled during crises...and the spirit of mutual aid that arises during an economic downturn can also lead to interest in the #solidarityeconomy.” 📈🛠

Catch NEC's own Tori Kuper featured in @washingtonpost 👀 https://wapo.st/3DPSkr2

@zkat__ ("tired but ❄️festive🎄 gay") retweeted:

@start_coop ("Start.coop") wrote:

If you are interested in shared ownership and you are not yet a subscriber to this beautiful upstart journalism project, you’re missing out. Hop to it! 🏃

with quote tweet:

@owning_matters ("Ownership Matters") wrote:

Update for readers: OM at 6 mos. • convo with @brianrcorbin about Ohio’s 1978 labor + co-op coalition & legacy • reflections on cooperative cultures’ new moment & community-rooted transformation • on shares in the Packers • books: Letting Go … & more

https://ownershipmatters.net/newsletter-item/issue-17-youngstown-labor-and-cooperative-wrobel-massey-letting-go-funding-green-bay-packers/

@zkat__ ("tired but ❄️festive🎄 gay") retweeted:

@USFWC ("U.S. Federation of Worker Cooperatives") wrote:

Co-ops have until December 31st to submit those Economic Injury Disaster Loan applications -- get a refresher on the process tomorrow from @NCBACLUSA

with quote tweet:

@NCBACLUSA ("NCBA CLUSA") wrote:

TOMORROW: Join NCBA CLUSA and @SBAgov at 4 pm EST for a refresher on the Economic Injury Disaster Loan (#EIDL) before the application period ends. Cooperatives have until December 31, 2021 to apply for a new EIDL loan or submit a loan modification.
https://bit.ly/3m6LcRd

@33mhz ("SIMD Crawford") wrote:

I finally gave Slay The Spire a real try today and I totally get why people get super into it, though I dunno if I'm gonna keep on with it too much

@xkcdComic ("XKCD Comic") wrote:

Notifications https://xkcd.com/2555/ https://m.xkcd.com/2555/

@alicegoldfuss ("mx claws") wrote:

my face went on a journey https://www.fayobserver.com/obituaries/m0028451

@zkat__ ("tired but ❄️festive🎄 gay") retweeted:

@MelaninMvskoke ("melanin mvskoke") replied to a tweet by @MelaninMvskoke:

“She adopted the pseudonym bell hooks, the name of her Native American great-grandmother, in an effort to celebrate female legacies. The lower case spelling she prefers as a matter of ego..”

https://www.sun-sentinel.com/news/fl-xpm-1996-10-27-9610280128-story.html