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Joined 2 years ago
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Cake day: June 15th, 2023

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  • It’s so much more than the EC. The EC was really the best solution that they could come up with to elect a single person to run the Executive in a time where it was hard to hold statewide elections, much less a nationwide one. Senators were appointed directly by a State’s legislature, and the President by electors appointed by the legislatures. This meant that the only Federal office that was directly voted on was Congress, making elections easier and much more local.

    As long as elections were hyper-local, settling them based on a simple plurality of votes was practical, because it was also hard to coordinate nationally. The Founders did not want the same type of party-driven system they left in England. However, the big mistake was in keeping the FPTP voting after they switched to popular elections for Senate and the Presidency. That, coupled with better nationwide communication, directly contributed to out two-party system, and how backwards it is.

    The two-party system directly contributed to America’s sliding into fascism, when the only alternative to fascism is itself too drunk on campaign cash to let new blood into the system. But the primary issue is how throughly Trumpism has infiltrated the Republican Party, where they willingly give up their checks on the Executive and let him break laws with impunity. The Founders explicitly distributed power because they thought ambitious people would not give up power willingly. Today’s Republicans are proving they were wrong.











  • This guy is missing a key point here, although he almost gets there:

    Crypto PACs have raised over $260 million, making crypto the sixth largest Super PAC, dwarfing any other industry-supported Super PAC (all the others are related to a particular party or candidate). But those donations came from just 50 individuals. That’s not a movement. It’s a small elevator lobby.

    Those 50 individuals aren’t necessarily the smartest people, or the most effective political leaders. They ran the right software at the right time, and now have system-breaking amounts of money. (When Bitcoin first came out, you got 50 BTC for finding a block, and could still do it on the hardware in your basement. That wasn’t even worth 10 cents back then, but is $5 million at today’s prices. And you find blocks every 10 minutes…)

    And in the campaign finance infrastructure that Republicans enabled after Citizen’s United, this gives these 50 people (and their spare horde of BTC) an unduly large influence on our politics.

    This is going to impact any Crypto legislation going forward. Anything that doesn’t directly benefit those 50 people will be at a severe disadvantage. And guess what? Our President is doing the job as a side-gig, he makes most of his money selling shitcoins.

    There is simply going to be no way to address Crypto regulations until Campaign Finance is addressed. Because until it is, the cryptobros will just keep shoveling money into our elections to get the outcomes they want.