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The collapse of crypto lending firms and exchanges in 2022 was in many ways worse, faster and dumber and more complete, than the global financial crisis of 2008. But it did much less harm, because the damage was confined mostly to crypto. Crypto speculators, people playing in the toy financial system, lost a lot of crypto. But banks and savers mostly did not lose money, because banks and savers mostly steered clear of crypto, because it was so obviously unregulated and full of scams. More and better regulation would be good for crypto, in that it might give more regular people the confidence to invest in crypto. But that might be bad for the regular people!
How Not to Play the Game
bloomberg.com
I use the term __“efficacy” to describe the quality or virtue that the Politics journalists took to be the mark of a good and worthy journalist in these circumstances—that is, the ability to handle one’s news assignments in a way that effectively achieved the ends and outcomes that needed to be achieved in order for one’s newsmaking project to continue.__ I examine three reportorial skills that the Politics journalists cultivated to make themselves more efficacious newsmakers. These are, first, the ability to identify __“doable”__ (keyi zuo de) news items, topics that are likely to result in publishable articles; second, the ability to approach the news reporting process __“as a game”__; and, third, the ability to bend the rules of the news reporting process to make one’s assignments __easier to complete__.
The Currency of Truth
Emily H. C. Chua
That no XR headset introduced so far has made much of a dent in the universe isn’t a sign that Apple’s effort is ill-fated. It’s a sign that Apple has an opportunity. In a sense, Apple does have one tradition when entering a new product category: they endeavor to make the first one good enough to be criticized.
The Father of Mobile Computing Is Not Impressed
fastcompany.com
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