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The Breakdown

The Revolution Will Be Retweeted: The Breakdown Weekly Recap

The Breakdown

Blockworks

Business, Investing

4.8806 Ratings

🗓️ 6 June 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

The Breakdown Weekly Recap looks at the key themes that shaped the week. On this week’s episode, NLW discusses: The modern significance of Tiananmen Square, and why this week’s U.S. protests show why the tools of surveillance need to be applied to states, not citizens. The importance of “narrative violations,” or fighting to see things without falling into popular but often wrong conventional wisdoms  The need to resist attempts from both the left and the right to fit today’s unrest into convenient culture-war frameworks that perpetuate each group’s power.   This week on The Breakdown: Monday | The Power and Peril of the 'Bitcoin Fixes This' Meme  A look at what role, if any, bitcoin has to play in remaking the world that is being protested around the U.S. (and world) this week. Tuesday | Bitcoin, Cellphones and the Citizen Tools of Anti-Authoritarianism, Feat. Alex Gladstein A look at the anti-authoritarian technology stack, including where non-state money like bitcoin fits in. Wednesday | 5 Numbers That Tell the Story of Markets Right Now From the number of U.S. flights from Chinese carriers to S&P 500 growth in the tumultuous year of 1968, these (unexpected) numbers tell the story of today’s markets. Thursday | The Mirage of the Money Printer: Why the Fed Is More PR Than Policy, Feat. Jeffrey P. Snider An argument that the Fed is actually highly ineffectual due to the presence of the eurodollar shadow-banking system. Friday | The Biggest Realignment in the US-China Relationship Since Nixon, Feat. Graham Webster A 101-level primer on the history of the U.S.-China relationship, and why today’s bluster represents a fundamental shift.

Transcript

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0:00.0

Welcome back to the breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond.

0:13.5

This episode is sponsored by BitStamp and Cipher Trace. The breakdown is produced and distributed by Coindesk.

0:23.0

And now, here's your host, NLW.

0:28.0

Welcome back to The Breakdown.

0:29.9

It is Saturday, June 6th, and today we have a little something different, a weekly recap.

0:35.9

And where I want to start with this comes from a tweet that I

0:38.8

shared on Friday morning, where I said, The Revolution will be retweeted. I've been thinking about

0:45.0

public media exposure and narrative a lot this week, even more than usual, for those of you

0:50.5

who know me, I think about narrative a lot. But it was the 31st anniversary of

0:54.8

the Tiananmen Square Massacres. And there was an extra symbolism this year, extra context. First,

1:01.7

there was the context of, in the New York Times, Tom Cotton, the Republican senator, published

1:08.2

an op-ed that was basically advocating for extreme force when dealing

1:12.1

with protesters that was published ultimately on the same day of the 31st anniversary of Tiananmen Square.

1:18.0

There was also the question of whether people in Hong Kong would be able to, as they have

1:23.5

for so many years, actually recognize this as China takes more control over Hong Kong.

1:28.1

So there's some current events context, but there's also a lot of more sort of big patternicity

1:33.7

historical context that I was thinking it in. On Friday, my episode was with Graham Webster,

1:38.9

and it was about the history of the U.S.-China relationship. And one of the arguments that he

1:43.1

made was that China's turn

1:45.6

away from sort of the established global order and towards a more illiberal authoritarian control

1:52.7

coincided with the rise of new types of social media in that country. And I think that that

1:58.1

was a point that really struck me, this idea that

...

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