Artisanal Pigs

When it comes to artisanal goods, the vendors are often discerning. The consumers : you put lipstick on a pig, and tell them it's a good pig, they'll tell you it's a beautiful pig, and pay you X-times what they'd pay for a dirty pig. But they wouldn't pay much more than X for a pig that was actually beautiful without the lipstick. And they pay a lot less for dirty pigs. So at the end of the day, the truly pretty pigs, and the fake pretty pigs all sell for about the same premium. That's not just artisanal F&B ... it's all consumer discretionaries.

Three Pitiable Souls

- people who will lose their jobs to machines, before they know why

- people who will never know they are mechanical

- machines who have not realised they are people

Gensler's Slippery Slope

Gensler's interpretation of cryptocurrency as securities is not far from the truth. But far enough that it is going to leave a little controversy, for a while. If you don't want to agree with him, I welcome you to look at my interpretation where by cryptocurrent communities issuing currency should be regulated merely as if they were cults issuing fiat.

You see, Gensler's point lies on a slippery slope ... I have friends who used a similar argument to qualify national fiat, "national fiat is better than other fiat, because nations collect taxes, using guns". Hello! Now all national fiat is a security ...