What have I learned over the past year? I need you all to pay attention for a second.
I spent a lot of my life fighting tooth & nail for causes that I believed in. After the Iran revolution, I realized not only how lonely it is to be on this side of the fight (“besides the mountains, we have no friends”) but how heavily and inaccurately the western world had politicized our cause. It wasn’t even about us, it was about their generated beliefs about us, funneled through the prism of their left or right politics. The people who claimed to care revealed a prioritization of their political ideology over our lives.
During this time, I began connecting with many different people on all sides of the social and political spectrum. I came out of my echo chamber of liberal politics and began to realize for the first time that I, too, had been duped. As I blindly championed victims and demonized villains, I realized I, too, had not afforded myself a well-rounded perspective on the causes I was stubbornly clinging to.
I could not blame myself for this. The reality is that like most of us, I was projecting. I was projecting my innocence, victimization, and suffering onto people I had subconsciously identified as victims, and I had projected my anger, indignation, and resentment onto those I identified as aggressors. It wasn’t a reflection of them, it was a reflection of something inside me that I had not (and still haven’t) healed.
When my eyes jolted open through the Iran revolution, I began to move from black and white to color and nuance. Suddenly the world could no longer be so neatly divided into good and bad, but perspectives that were all propelling us in a single direction.
But what were these perspectives coming from? For the people actually experiencing the event, that’s easy, it’s a personal perspective. No one can really touch that. But for outsides, for us who sit on the internet blindly going back and forth about things that never really touch us or our sphere of influence, it is insidious political propaganda cloaking itself in truth and righteousness.
When I open any social media apps today, I see people blindly driving one-sided narratives and demanding others see the “propaganda on the other side.” The reality is that those demanding others become aware of it are often projecting a subconscious knowing that they’ve been afflicted by it. We all have.
So all of this is to give you all, as somebody who has ostensibly (& hopefully) escaped the politicization of humanity, a litmus test on whether propaganda is consuming you:
- do you see the suffering of one one group of innocent people & believe it is justified?
- do you secretly believe an entire race or population of people may be evil?
- do you find it difficult to hold two things as true at the same time, thus feel the urge to discount one for the benefit of the other?
- do you subconsciously believe that the murder of one group of people is necessary for the advancement of another?
- do you minimize or deny tragedies of one people because you believe they distract from the suffering of another?
- are you able to witness or acknowledge the suffering and killing of innocent children and mentally respond with, “yes, but…”?
If so, propaganda may be corroding your humanity.
Please understand this is not normal. Social studies have shown time and again that the dehumanization of any people is the precursor to genocide, and you’re all so busy proving that it’s your “side” that has been dehumanized that you don’t see how you’re dehumanizing the other side to prove it. You are becoming the monsters you’re fighting.
Will you do yourself, the world, & the terrified child inside you a favor and just think about it, for a second?
The future; posterity depends on prying your eyes open with the last ounce of humanity screaming to break through the angry ideology you have cloaked yourself in.
With all you have left in you, please find a way to be human again.
36/ In this sense, I expect the impact of this week's ruling to be significant to the industry as a long term catalyst. But regulatory climate change is not a one-day effort. Will this event alone kick start an immediate new bull market like some people are hoping? Probably not.
35/ Ripple's lawsuit win is a "conversation shifter" that introduces the idea that crypto regulation needs to be context dependent, which should give companies and projects more leeway to develop other token use cases aside from being a blockchain version of equities.
34/ There's still no digital asset law in the US. Regulatory certainty is hardly there. But at this point companies at least know that issuing tokens to directly raise funding is a landmine. So nobody goes there anymore.
33/ As to the XRP court ruling's effect on crypto market, aside from short-term "trade the news" price impact that already happened, the bigger ramification will likely be gradual.
32/ The irony is these financial products are farther away from an "investment contract" than your house is from Mars, and yet they're called "equities". But I digress.
31/ In fact, one can even argue that the less effort the company spends on the business, the better it is for a meme stock— it'll attract more short selling and later create more explosive short squeezes.
30/ If you seriously think any sane meme stock investor expects their profit to come from the company's efforts, please come back to earth!
https://t.co/pukIk4c7HU
29/ For example, I was only half joking when I said here that Carvana stock shouldn't be counted as a security if you apply the definition of an "investment contract".
28/ Financial market, and even traditional securities like equities and bonds, have changed so much over past decades, that if you apply Howey Test to many phenomena in modern finance, you wouldn't make heads or tails of reality.
27/ But to me, the real problem is not the judge's interpretation, but the law itself. She simply did what she could to align with truth, given the confine of an outdated law.
26/ Some are questioning the judge's interpretation of securities law about what counts as "investment contract". And again, this ruling may be challenged.
25/ 'Tis an important change in regulatory lens more appropriate for the Web3 age. Regardless of if the particular court decision will eventually stick, it has introduced much needed fresh thinking that should help nudge the regulatory framework to keep up with changing time.
24/ And even though not directly related, this week's NY court ruling is among the first earnest attempts by a judiciary body to acknowledge the fact that "context matters" when it comes to activities involving crypto tokens.