[Twitter/Clubhouse/News Media?] Silicon Valley v The New York Times: Overpriced Suitcases, Insta Stories, Insular Apps and Bitcoin Bounties
Background: What is Clubhouse? You know all those stories of people interrupting Zoom calls by spamming the link and getting in? What if that, as a business model. It is still in private beta, has only 1500 users and yet somehow venture capitalists have $12 million invested at a $100 milion dollar valuation in this. What is Away? Hardcover suitcases that cost $225 and above. Hipsters seem to like it. "The brand is more than just luggage. It’s about travel." It is treated like a tech company by VCs for some godforsaken reason (it has raised $100 million at a $1.4 billion valuation), and the CEO uses a lot of Lean In rhetoric (female led, inclusive etc.) How New York Times? The New York Times has hired a reporter, Taylor Lorenz, specifically for "Internet Culture" i.e. HobbyDrama reporting. (No, seriously, look at the stories she gets to write. For the NYT!) Pre-Drama Events: In December 2019, an elaborate investigation was posted by The Verge (not the NYT, important) about the toxic work culture at Away, with the CEO, Steph Corey, calling workers brain dead and firing someone based on chat in an internal private Slack channel called #Hot-Topics "filled with LGBTQ folks and people of color" (from article). Korey stepped down as CEO in December, with another CEO to be selected. She came back as co-CEO in January because she 'should not have fallen on the sword.' Course of the Drama: June 30/July 1: On an Instagram AMA, returned co-CEO Korey answered a question about "women being targeted by the media" (I presume the AMA went in that direction) by talking about media having an incentive to clickbait in the social media era that and women (like her) were targeted because women are supposed to be motherly, ambitious women like Hillary are targeted by the media, some millennial women who work in the media forgo their ethics to advance their career because old media ethics are being eroded. The Verge investigation was done by Zoë Schiffer, a “millennial woman.” Incensed by this, Lorenz posts the IG pics on twitter (previous link from her) and speculates that this AMA exists because of a piece on the disgracing of the “girlboss” stereotype. To recap, neither the original story, nor the Atlantic op-ed were written by her. Techbros start sharing the same pics of the AMA as a balanced perspective. Until this point, #bothsides, let them fight, etc. Enter Balaji Srinivasan. Here is a pompous bio. He starts attacking Lorenz (again, not the writer of any of the stories). Lorenz says the guy has been obsessively attacking her for quite some time on Clubhouse gussied up public Webex calls (in tweets after the linked tweet). Then anti-Lorenz sockpuppet accounts start being created to attack her. An elaborate website is linked by the accounts, specifically to attack her. (Click the link, it is deranged as all hell.) Taylor asks Ben Horowitz (of multi-billion dollar Andreessen Horowitz, where Balaji has worked before) to get him to stop. Gets blocked. Then the Andreessen Horowitz batch have a conversation on Clubhouse Discord without texting with Lorenz. After Taylor leaves, (this part leaked to Vice, so you can go listen) Ben Horowitz’ wife, Felicia says that Taylor is playing the “woman card to defend herself.” Balaji implies that she may be “afraid of a brown man.” And then the conversations ascend:
”the entire tech press was complicit in covering up the threat of COVID-19,” relying on the press is “outsourcing your information supply chain to folks who are disaligned with you,” ”Media corporations are not the free press, any more than chain restaurants are food “ “why does press have a right to investigate private companies, let the market decide, I don’t understand who gives them that right” (Note: Probably from another conversation by some CEO)
Also something about Github, VC funding and Blockchains being a better model for journalism. (Bitconeeeect!!) Then Vice reports on it. Tech media rallies around Taylor [retweets on her twitter]. Glenn Greenwald pokes his nose and says otherwise, because Greenwald. VCs support their own (along with MC Hammer?? because he’s also on Clubhouse the conference calls you join “for fun” app? So is Oprah???), with opinions like
And other nuclear fucking takes retweeted by Felicia Horowitz And Balaji? When reached for comment, Balaji claims recording it was illegal (which, idk, haven’t seen the Terms of Service, only 1500 people can use Clubhouse the Twitch app, but you don’t have video and chat has audio) And then heannouncesa $1000 bounty for memes and analysis of this event. (paid in Bitcoin, obviously, this whole scenario is a damn meme) This gets the creator of Ruby on Rails/Basecamp to defect to the media’s side Aftermath? (This is a current story): VCs (like Paul Graham) declare that the media hates them because they are losing power Media Twitter decides VC Twitter is trying to reanimate the corpse of #GamerGate Steph Korey, the instigator of this spiraling nonsense? Away says she has decided to step down (redux) because an employee revolt over her IG post. (Recap: Away sells hardcases to hypebeasts. They are worth a billion because of VCs) Balaji, rich VC guy, has memes on his timeline? [Elon Musk has not weighed in yet, if you are curious]
03-12 11:34 - 'If we all pull together, maybe we can donate enough to Bitcoin to save it? Let's try and coordinate for lunch hour New York time?' (self.Bitcoin) by /u/littletree1234 removed from /r/Bitcoin within 2-12min
Mike Antonopoulos: “I vaguely remember in a New York Meetup in 2015, Luke Jr was pissed off when people were buying beers with Bitcoin and I was like "He being a Bitcoin Developer at that time dont want people to use it?? " I should have raised my voice right at that time. I regret not doing that.”
Bitcoin Just Made the Big Time. The Davos Crowd Has Signed On. "Cryptocurrency is being embraced by the Davos set, and some Bitcoin fans are excited." MEET New York Coin (NYC). Lightning-Fast, Zero Fees, Proven Blockchain since 2014. Tiny undiscovered market cap. newyorkcoin.net | nycoin.net
New York Times & University of Texas at Austin: Bitcoin prices manipulated by Tether and Bitfinex.
SAN FRANCISCO — A concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year, according to a paper released on Wednesday by an academic with a history of spotting fraud in financial markets.
New York Times Says Cyber Criminals Are Using Bitcoin to Get Around Sanctions
The traditional finance market has been worried about a few of Bitcoin’s attributes, but proponents have largely focused on the blockchain’s lack of anonymity as a reason that criminals would be dissuaded. However, changes in the sanctions between the US and other countries have led cyber criminals straight to Bitcoin’s doorstep, applying the digital currency to their various funding efforts, according to reports from Decrypt and the New York Times.
Unlike other cities a majority of the crypto ATMs in New York city are buy only, you can’t sell cryptocurrencies at them, and they only support Bitcoin. Perhaps this is due to New York’s onerous financial regulations. The typical commission fees is about 12%, however, there are a couple of exceptions. Almost all of the ATMs are located in Manhattan, especially upper Manhattan, with just a ... The New York Times, the second-largest newspaper in the U.S. by circulation and a storied institution in American journalism, is getting ready to experiment with blockchain technology for publishing. Overall, the Bitcoin FUD printed by The New York Times is irrelevant. The reality is that Bitcoin, along with other cryptocurrencies, is a medium of exchange, just like cash. As such, criminals will use it because it has value. Junkies use cold, hard cash every day to buy narcotics, but you don’t see articles written about how criminals love using cash. In the end, Bitcoin, like any other ... The Bitcoin ledger is a new kind of payment system. Anyone in the world can pay anyone else in the world any amount of value of Bitcoin by simply transferring ownership of the corresponding slot in the ledger. Put value in, transfer it, the recipient gets value out, no authorization required, and in many cases, no fees. That last part is enormously important. Bitcoin is the first Internetwide ... News about Bitcoin, including commentary and archival articles published in The New York Times.
Here's What Happened When We Used NYC's First Bitcoin ATM Money TIME
Bitcoin Newyork. one month adv in time square, Nasdaq LED frame. ABOUT TIME TIME brings unparalleled insight, access and authority to the news. A 24/7 news publication with nearly a century of experience, TIME’s coverage shapes how we understand our world ... Bitcoin, what is it? Chips Bitcoin - a new cryptocurrency, electronic media, which created an unknown programmer (or a group of programmers) under the pseudonym Satoci Nakamoto. This happened in ... Ο Wences Casares της Xapo, ο Nathaniel Popper της New York Times, και ο Bobby Lee της BTCChina μιλούν με τον John Biggs σχετικά με την τρέχουσα ... Xapo's Wences Casares, Nathaniel Popper of the New York Times, and BTCChina's Bobby Lee talk to John Biggs about the current state of Bitcoin from a tech, tr...