After Major Industry Donor Pops Up, Harris Makes Bizarre Proposal: Crypto for Black Men

As an American left-wing non profit news outlet the Intercept has changed quite a bit over it's 10 years of reporting. In Ken Klippenstein's words..

"The Intercept has been taken over by suits who have abandoned its founding mission of fearless and adversarial journalism, and I can’t continue in an environment where fear of funders is more important than journalism itself"

https://www.kenklippenstein.com/p/why-im-resigning-from-the-intercept

There's a difference between profitability and productivity.

A Ponzi scheme is profitable, for the person running it. It is not productive in that it (generally speaking) produces nothing of value. Pyramid schemes can be both profitable and productive, but they're also innately exploitation and based on a supply of new people to exploit.

I regret that I have but one up vote to give.

I think some study came out that said something like 20% of black men owned crypto and now we have this. No idea how it was measured.

Okay - a little digging and it does seem backed up by self-reported surveys. Best explanation I could find is https://www.kansascityfed.org/research/payments-system-research-briefings/the-cryptic-nature-of-black-consumer-cryptocurrency-ownership/

Basically, from the surveys, it would appear that Black adults own more crypto than whites, with Black men edging slightly higher. It looks to be on the order of 20% with other groups trailing by a few percentage points.

Disappointed in the Harris campaign for leaning into this, as it seems to be all self-reported survey data and hardly something to build a policy on. Also crypto is stupid, but that's just my opinion.