Melania eyes लेबलों वाले संदेश दिखाए जा रहे हैं. सभी संदेश दिखाएं
Melania eyes लेबलों वाले संदेश दिखाए जा रहे हैं. सभी संदेश दिखाएं

26 जनवरी 2022

Big and small headlines at WaPo on crypto.

1. "Crypto collapse erases more than $1 trillion in wealth, forcing a reckoning for everyday investors." 

2. "Melania Trump auctions off her hat, and has become the latest victim of the cryptocurrency crash." 

I'm glad to see that on the "most read" list in the sidebar, the big story is ranking above the big hat story:

Actually, it's the Melania story I choose to read, because it's hard to understand how accepting cryptocurrency hurts her. It's only a hat she doesn't want that's going out in the world. What difference does it make to her — the "I really don't care, do u?" lady — how the cryptocurrency bids translate into dollar amounts? She restricted the bids to cryptocurrency — for whatever reason — but since there are different cryptocurrencies, aren't all the bids presented at the bidding site in dollar amounts? No, she's only accepting one cryptocurrencies — Solana — so that simplifies things. Its value has fallen 40% in the last week, but wouldn't that cause people with Solana who want the hat to pour a lot more of this declining stuff into the quest for the hat? How is Melania a victim? 

Oh, I'm sure people could put together a list of ways in which Melania is a victim. Make a list and rank it, with the Solana-for-a-hat problem on it. If it ranks high, then good for Melania. But I'm laughing at the Washington Post readers who are drooling over the news that Melania is suffering.

 WaPo snatches the hat and runs with it: