Was wondering about the surge in my server logs…
https://www.nytimes.com/2022/12/01/opinion/blockchains-what-are-they-good-for.html
@timbray What really irritates me about that article is that the answer to "how could this happen" has been screamed from the rooftops by anticapitalists for years now, and it *could* have been prevented, and yet we get some milquetoast conclusion here of "oh weird how that happened, must have been a coincidence of circumstances" as if there's just a little happy bug in the system and this wasn't a case of deliberately exploiting systemic issues
@timbray (To be clear, this isn't a criticism of you, but rather of Paul Krugman, famed economist who is apparently unable to see the economic incentives behind misinformation)
@timbray And like, the answer to that question is so incredibly simple to understand that you pretty much just need to know supply/demand/incentives 101 to comprehend it, *and yet*