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toomuchtodo Oct 21, 2021 | on: Gov Parson pushes to prosecute reporter who found security… | context
I highly recommend this [1] book on the topic as we navigate a post-truth world. The Narcissist's Prayer is also worth a read [2]. It's not all narcissism though; it can be difficult to reason with deeply ingrained belief systems when there is a lack of critical thinking and challenges to the Id and ego, not to mention innate tribalism. EDIT: Agree with the deleted comment that The Narcissist's Prayer could also be The CEO's Prayer, based on the personality type the C suite attracts [3]. [1] https://smile.amazon.com/Narcissist-You-Know-Narcissists-All... (The Narcissist You Know: Defending Yourself Against Extreme Narcissists in an All-About-Me Age) [2] https://news.ycombinator.com/item?id=28880280 [3] https://www.cnbc.com/2019/04/08/the-science-behind-why-so-ma... (1 in 5 business leaders may have psychopathic tendencies—here’s why, according to a psychology professor) |
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| recommended by 325 users | 2007 | BrandonM on: My YC app: Dropbox - Throw away your USB drive | aged poorly | original thread | | ||
| 2. | The FedEx Problem (arxiv.org) | |
| recommended by 5 users | 2015 | 229 points by subnaught | original thread | | ||
| 3. | “Real time equities settlement and clearing is a terrible idea.” (comment) | |
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| 4. | This is a teenager (pudding.cool) | |
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Have you ever heard of "The Narcissist's Prayer"? It goes like this:
That didn't happen.
And if it did, it wasn't that bad.
And if it was, that's not a big deal.
And if it is, that's not my fault.
And if it was, I didn't mean it.
And if I did...
You deserved it.
Tether defenders are really working their way through the steps here.
18 months ago, it was "That didn't happen." (Tether is 100% backed by USD cash.)
6 months ago, it "wasn't that bad." (It might not be 100% USD cash, but it's cash-equivalent assets like short-term commercial paper.)
Now that there's strong evidence the commercial paper is just fake money shuffling between Tether/Binfinex/other shady crypto investments we get "that's not a big deal." (Look at the way banks work! They only need 4% collateral! Tether's probably got at least that much...)
Next step is finding out that their actual liquidity isn't capable of holding up under a real-life stress test, and the defenders will be talking about "not my fault." (This was a once-in-a-lifetime crash, they couldn't have foreseen it, crypto's still way better than the fiat banking system!)
When thousands of people lose their retirements in a gigantic defi crash, it'll be "you deserved it." (Everyone knows crypto is risky, you shouldn't have believed Tether was the same as USD.)