Wednesday, March 08, 2023

The Reaction Economy

 “Truth is not something you can appropriate easily & quickly. You certainly cannot sleep or dream yourself to the truth. No, you must be tried, do battle & suffer if you are to acquire truth for yourself. It is a sheer illusion to think that in relation to truth there is an abridgement, a short cut that dispenses with the necessity for struggling for it.”

– Soren Kierkegaard, c.1850

Happy women’s day Amen 🙏  …





Cryptocurrency and Taxes: What You Need to Know

PC Mag: “For the fourth year, federal tax forms ask you about Bitcoin and other cryptocurrency activities. The Yes or No question that’s been appearing at the top of Form 1040 has gotten even more specific for the 2022 tax year. It reads, “At any time during 2022, did you:
 (a) receive (as a reward, award, or payment for property or services); or 
(b) sell, exchange, gift, or otherwise dispose of a digital asset (or a financial interest in a digital asset)?” What do you do if you check the Yes box? How do you enter these transactions as you prepare your income tax return? We have answers to these questions and more…”

The London Review of Books: The Reaction Economy – William Davies – “When I​ deletedmy Twitter account in September last year, provoked not by Elon Musk’s imminent takeover but by the suffocating quantity of royal coverage gushing from every media source, I was left feeling bereft, as any addict is when their drug is taken away. How was I supposed to react to the news now? And if I had no way of reacting to the news, what did I want from the news? Am I even interested in the news, if I have no opportunity to react to it? Being in the digital public sphere without any means to react is a bit like being trapped in a shopping mall without any money. The timing was especially awkward since, a fortnight later, a news event came along that cried out for a reaction: Kwasi Kwarteng’s infamous ‘mini-budget’, which threw 45 years of economic orthodoxy overboard, provoked a stand-off between the government and the Bank of England, and very nearly triggered a financial crisis. Twitter gives users thirty days to change their minds after deleting their accounts, to prevent impulsive exits (i.e. to re-ensnare recovering addicts). I was still inside my thirty days. Stopping myself rejoining in order to react to this exceptional political event took considerable self-restraint. The moment I came closest to cracking wasn’t in response to the events themselves, though, but when I was tasked with managing my university department’s social media profile and came across this tweet by a prominent conservative commentator: The louder the squealing from the left, the more certain @KwasiKwarteng and @trussliz will be that they have got this right.

This is the sort of culture war logic that has become known, courtesy of the American right, as ‘owning the libs’, the primary objective of which is to enrage (‘trigger’) the opposition by fair means or foul. In other online settings, it is known simply as ‘trolling’. The tweeter appeared to see the unhappy reactions of the left as the litmus test of good economic policy: Kwarteng was a good chancellor because he was a successful troll. ‘What an absurd way to judge policy!’ I wanted to respond. ‘This is idiotic!’ Yet, of course, in feeling that impulse, I was the one being drawn back into the economy of reaction. Who’s the idiot now?


 12 exotic bacteria found to passively collect rare earth elements from wastewater (press release) NewsWise



Read the full strategy here

“Today, the Biden-Harris Administration released the National Cybersecurity Strategy to secure the full benefits of a safe and secure digital ecosystem for all Americans. In this decisive decade, the United States will reimagine cyberspace as a tool to achieve our goals in a way that reflects our values: economic security and prosperity; respect for human rights and fundamental freedoms; trust in our democracy and democratic institutions; and an equitable and diverse society. 

To realize this vision, we must make fundamental shifts in how the United States allocates roles, responsibilities, and resources in cyberspace.

  1. We must rebalance the responsibility to defend cyberspace by shifting the burden for cybersecurity away from individuals, small businesses, and local governments, and onto the organizations that are most capable and best-positioned to reduce risks for all of us.
  2. We must realign incentives to favor long-term investments by striking a careful balance between defending ourselves against urgent threats today and simultaneously strategically planning for and investing in a resilient future.

The Strategy recognizes that government must use all tools of national power in a coordinated manner to protect our national security, public safety, and economic prosperity.”



Where are all the missing workers? Politico. Takin’ ‘er easy for all us sinners?