Pass this one to your favourite beleaguered bureaucrat — the secret takeaway is that Site Reliability Engineering is a whole new vocabulary for systematised backside-covering in the face of adversity.
Other people’s personal data requires controls as strong as the controls on other people’s money.
I’d question even calling this a “bubble” — because there’s no evidence of an influx of retail get-rich-quick dreamers. The only visible cause is manipulation.
My latest for Foreign Policy is up at last. Here’s audio of the Carlos Maslatón quote.
The Nazis were very hopeful that Bitcoin was the way out of their problems with getting kicked off PayPal … but it didn’t work out that way.
The brief from editor James Palmer was “this is why crypto’s implausible/BS as an alternative national currency” using the latest fiascos, particularly the QuadrigaCX disaster, as a launching point.