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How a billionaire’s mediocre pump-and-dump “book” became a “bestseller”
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If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2024/02/15/your-new-first-name/#that-dagger-tho
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I was on a book tour the day my editor called me and told me, "From now on, your middle name is 'Cory.'"
"That's weird. Why?"
"Because from now on, your first name is 'New York Times Bestselling Author.'"
That was how I found out I'd hit the NYT list for the first time. It was a huge moment – just as it has been each subsequent time it's happened. First, because of how it warmed my little ego, but second, and more importantly, because of how it affected my book and all the books afterwards.
Once your book is a Times bestseller, every bookseller in America orders enough copies to fill a front-facing display on a new release shelf or a stack on a bestseller table. They order more copies of your backlist. Foreign rights buyers at Frankfurt crowd around your international agents to bid on your book. Movie studios come calling. It's a huge deal.
My books became Times bestsellers the old-fashioned way: people bought and read them and told their friends, who bought and read them. Booksellers who enjoyed them wrote "shelf-talkers" – short reviews – and displayed them alongside the book.
That "From now on your first name is 'New York Times Bestselling Author' gag is a tradition. When @wilwheaton's memoir Still Just A Geek hit the Times list, I texted the joke to him and he texted back to say @jscalzi had already sent him the same joke (and of course, Scalzi and I have the same editor, Patrick Nielsen Hayden):
https://www.harpercollins.com/products/still-just-a-geek-wil-wheaton
But not everyone earns that first name the same way. Some people cheat.
Famously, the Church of Scientology was caught buying truckloads of L Ron Hubbard books (published by Scientology's own publishing arm) from booksellers, returning them to their warehouse, then shipping them back to the booksellers when they re-ordered the sold out titles. The tip-off came when booksellers opened cases of books and found that they already bore the store's own price-stickers:
https://www.latimes.com/local/la-scientology062890-story.html
The reason Scientology was willing to go to such great lengths wasn't merely that readers used "NYT Bestseller* to choose which books to buy. Far more important was the signal that this sent to the entire book trade, from reviewers to librarians to booksellers, who made important decisions about how many copies of the books to stock, whether to display them spine- or face out, and whether to return unsold stock or leave it on the shelf.
Publishers go to great lengths to send these messages to the trade: sending out fancy advance review copies in elaborate packaging, taking out ads in the trade magazines, featuring titles in their catalogs and sending their sales-force out to impress the publisher's enthusiasm on their accounts.
Even the advance can be a way to signal the trade: when a publisher announces that it just acquired a book for an eyebrow-raising sum, it's not trumpeting the size of its capital reserves – it's telling the trade that this book is a Big Deal that they should pay attention to.
(Of all the signals, this one may be the weakest, even if it's the most expensive for publishers to send. Take the $1.25m advance that Rupert Murdoch's Harpercollins paid to Sarah Palin for her unreadable memoir, Going Rogue. As with so many of the outsized sums Murdoch's press and papers pay to right wing politicians, the figure didn't represent a bet on the commercial prospects of the book – which tanked – but rather, a legal way to launder massive cash transfers from the far-right billionaire to a generation of politicians who now owe him some rather expensive favors.)
All of which brings me to the New York Times bestselling book Read Write Own by the billionaire VC New York Times Bestselling Author Chris Dixon. Dixon is a partner at A16Z, the venture capitalists who pumped billions into failed, scammy, cryptocurrency companies that tricked normies into converting their perfectly cromulent "fiat" money into shitcoins, allowing the investors to turn a massive profit and exit before the companies collapsed or imploded.
Read Write Own (subtitle: "Building the Next Era of the Internet") is a monumentally unconvincing hymn to the blockchain. As Molly White writes in her scathing review, the book is full of undisclosed conflicts of interest, with Dixon touting companies he has a direct personal stake in:
https://www.citationneeded.news/review-read-write-own-by-chris-dixon/
But this book's defects go beyond this kind of sleazy pump-and-dump behavior. It's also just bad. The arguments it makes for the blockchain as a way of escaping the problems of an enshittified, monopolized internet are bad arguments. White dissects each of these arguments very skillfully, and I urge you to read her review for a full list, but I'll reproduce one here to give you a taste:
After three chapters in which Dixon provides a (rather revisionistd) history of the web to date, explains the mechanics of blockchains, and goes over the types of things one might theoretically be able to do with a blockchain, we are left with "Part Four: Here and Now", then the final "Part Five: What's Next". The name of Part Four suggests that he will perhaps lay out a list of blockchain projects that are currently successfully solving real problems.
This may be why Part Four is precisely four and a half pages long. And rather than name any successful projects, Dixon instead spends his few pages excoriating the "casino" projects that he says have given crypto a bad rap,e prompting regulatory scrutiny that is making "ethical entrepreneurs … afraid to build products" in the United States.f
As White says, this is just not a good book. It doesn't contain anything to excite people who are already blockchain-poisoned crypto cultists – and it also lacks anything that will convince normies who never let Matt Damon or Spike Lee convince them to trade dollars for magic beans. It's one of those books that manages to be both paper and a paperweight.
And yet…it's a New York Times Bestseller. How did this come to pass? Here's a hint: remember how the Scientologists got L Ron Hubbard 20 consecutive #1 Bestsellers?
As Jordan Pearson writes for Motherboard, Read Write Own earned its place on the Times list because of a series of massive bulk orders from firms linked to A16Z and Dixon, which ordered between dozens and thousands of copies and gave them away to employees or just randos on Twitter:
https://www.vice.com/en/article/n7emkx/chris-dixon-a16z-read-write-own-nyt-bestseller
The Times recognizes this in a backhanded way, by marking Read Write Own on the list with a "dagger" (†) that indicates the shenanigans (the same dagger appeared alongside the listing for Donald Trump Jr's Triggered after the RNC spent a metric scientologyload of money – $100k – buying up cases of it):
https://www.nytimes.com/2019/11/21/books/donald-trump-jr-triggered-sales.html
There's a case for the Times not automatically ignoring bulk orders. Since 2020, I've run Kickstarters where I've pre-sold my books on behalf of my publisher, working with bookstores like Book Soup and wholesalers like Porchlight Books to backers when they go on sale. I signed and personalized 500+ books at Vroman's yesterday for backers who pre-ordered my next novel, The Bezzle:
https://www.flickr.com/photos/doctorow/53531243480/
But there's a world of difference between pre-orders that hundreds or thousands of readers place that are aggregated into a single bulk order, and books that are bought by CEOs to give away to people who may not have any interest in them. For the book trade – librarians, reviewers, booksellers – the former indicates broad interest that justifies their attention. The latter just tells you that a handful of deep-pocketed manipulators want you to think there's broad interest.
I'm certain that Dixon – like me – feels a bit of pride at having "earned" a new first name. But Dixon – like me – gets something far more tangible than a bit of egoboo out of making the Times list. For me, a place on the Times list is a way to get booksellers and librarians excited about sharing my book with readers.
For Dixon, the stakes are much higher. Remember that cryptocurrency is a faith-based initiative whose mechanism is: "convince normies that shitcoins will be worth more tomorrow than they are today, and then trade them the shitcoins that cost you nothing to create for dollars that they worked hard to earn."
In other words, crypto is a bezzle, defined by John Kenneth Galbraith as "The magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it."
So long as shitcoins haven't fallen to zero, the bag-holders who've traded their "fiat" for funny money can live in the bezzle, convinced that their "investments" will recover and turn a profit. More importantly, keeping the bezzle alive preserves the possibility of luring in more normies who can infuse the system with fresh dollars to use as convincers that keep the bag-holders to keep holding that bag, rather than bailing and precipitating the zeroing out of the whole scam.
The relatively small sums that Dixon and his affiliated plutocrats spent to flood your podcasts with ads for this pointless 300-page Ponzi ad are a bargain, as are the sums they spent buying up cases of the book to give away or just stash in a storeroom. If only a few hundred retirees are convinced to convert their savings to crypto, the resulting flush of cash will make the line go up, allowing whales like Dixon and A16Z to cash out, or make more leveraged bets, or both. Crypto is a system with very few good trades, but spending chump change to earn a spot on the Times list (dagger or no) is a no-brainer.
After all, the kinds of people who buy crypto are, famously, the kinds of people who think books are stupid ("I would never read a book" -S Bankman-Fried):
https://www.washingtonpost.com/opinions/2022/11/29/sam-bankman-fried-reading-effective-altruism/
There's precious little likelihood that anyone will be convinced to go long on crypto thanks to the words in this book. But the Times list has enough prestige to lure more suckers into the casino: "I'm not going to read this thing, but if it's on the list, that means other people must have read it and think it's convincing."
We are living through a golden age of scams, and crypto, which has elevated caveat emptor to a moral virtue ("not your wallet, not your coins"), is a scammer's paradise. Stein's Law tells us that "anything that can't go on forever will eventually stop," but the purpose of a bezzle isn't to keep the scam going forever – just until the scammer can cash out and blow town. The longer the bezzle goes on for, the richer the scammer gets.
Not for nothing, my next novel – which comes out on Feb 20 – is called The Bezzle. It stars Marty Hench, my hard-driving, two-fisted, high-tech forensic accountant, who finds himself unwinding a whole menagerie of scams, from a hamburger-based Ponzi scheme to rampant music royalty theft to a vast prison-tech scam that uses prisoners as the ultimate captive audience:
https://us.macmillan.com/books/9781250865878/thebezzle
Patrick Nielsen Hayden – the same editor who gave me my new first name – once told me that "publishing is the act of connecting a text with an audience." Everything a publisher does – editing, printing, warehousing, distributing – can be separated from publishing. The thing a publisher does that makes them a publisher – not a printer or a warehouser or an editing shop – is connecting books and audiences.
Seen in this light, publishing is a subset of the hard problem of advertising, religion, politics and every other endeavor that consists in part of convincing people to try out a new idea:
https://pluralistic.net/2021/07/04/self-publishing/
This may be the golden age of scams, but it's the dark age of publishing. Consolidation in distribution has gutted the power of the sales force to convince booksellers to stock books that the publisher believes in. Consolidation in publishing – especially Amazon, which is both a publisher and the largest retailer in the country – has stacked the deck against books looking for readers and vice-versa (Goodreads, a service founded for that purpose, is now just another tentacle on the Amazon shoggoth). The rapid enshittification of social media has clobbered the one semi-reliable channel publicists and authors had to reach readers directly.
I wrote nine books during lockdown (I write as displacement activity for anxiety) which has given me a chance to see publishing in the way that few authors can: through a sequence of rapid engagements with the system as a whole, as I publish between one and three books per year for multiple, consecutive years. From that vantagepoint, I can tell you that it's grim and getting grimmer. The slots that books that connected with readers once occupied are now increasingly occupied by the equivalent of the botshit that fills the first eight screens of your Google search results: book-shaped objects that have gamed their way to the top of the list.
https://www.theguardian.com/commentisfree/2024/jan/03/botshit-generative-ai-imminent-threat-democracy
I don't know what to do about this, but I have one piece of advice: if you read a book you love, tell other people about it. Tell them face-to-face. In your groupchat. On social media. Even on Goodreads. Every book is a lottery ticket, but the bezzlers are buying their tickets by the case: every time you tell someone about a book you loved (and even better, why you loved it), you buy a writer another ticket.
Meanwhile, I've got to go get ready for my book tour. I'm coming to LA, San Francisco, Seattle, Vancouver, Calgary, Phoenix, Portland, Providence, Boston, New York City, Toronto, San Diego, Salt Lake City, Tucson, Chicago, Buffalo, as well as Torino and Tartu (details soon!).
If you want to get a taste of The Bezzle, here's an excerpt:
https://www.torforgeblog.com/2023/11/20/excerpt-reveal-the-bezzle-by-cory-doctorow/
And here's the audiobook, read by New York Times Bestselling Author Wil Wheaton:
https://archive.org/download/Cory_Doctorow_Podcast_459/Cory_Doctorow_Podcast_459_-_The_Bezzle_Read_By_Wil_Wheaton.mp3
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anjoelito · 4 months
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CONSCIOUS CRYPTO ACADEMY
Bitcoin just flew past 40K and according to the data analysts of cryptocurrency, BTC follows a 4-year cycle that aligns with the U.S. Presidential Elections... this gives us less than a year to prepare for the next Bull Market... consider joining our platform, Conscious Crypto Academy, if you're interested in the digital asset economy and don't know where to start!
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blockchain-official · 4 months
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Did YOU seee the hiddem nessage??? Be sure to read the post thoroughly for any clues you might have missed!!!
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cryptoairdrop101 · 3 months
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Blur Token Airdrop: How to Claim $Blur Airdrop
Blur Airdrop Eligibility : How to Get $Blur Token Airdrop?
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Introduction Blur Airdrop:
Blur Airdrop ($BLUR) is a decentralized NFT marketplace known for its fast access to NFT reveals and improved user experience. They have completed the first season of airdrops called “Care Packages” and are now preparing for Season 3. In this guide, we will explore the steps to participate in the Blur Airdrop and maximize your rewards.
Step-by-step Guide for Blur Airdrop:
Connect your wallet to the Blur Airdrop Page.2. Navigate to the “Airdrop” tab to see the number of Care Packages you have earned. 3. Click on “Claim Airdrop” to claim your earned blur tokens. 4. To claim your $BLUR tokens, click on “Continue to BLUR,” “connect wallet and check eligibility,” and then “Next.” 5. complete all steps to approve and claim your tokens (if eligible). 6. Use MetaMask or a compatible wallet to claim $BLUR. 7. Confirm the transaction on your wallet.
Understanding $BLUR Tokenomics:
$BLUR has a maximum supply of 3 billion tokens, with 51% allocated to the community treasury, 29% to core contributors, 19% to investors, and 1% to advisors. Currently, only 360 million $BLUR tokens are unlocked and in circulation, with the remaining tokens still locked. Tokens are unlocked gradually, with the next unlock scheduled for June 15, 2023.   1. Strategies for Blur Season 3 Airdrop: Maximizing Blur Points: Bidding, listing, and lending on the Blur platform will earn you Blur Points. Actively participate in these activities to maximize your Blur Points.
2. Maximizing Bid Points: Place bids closest to the floor price across multiple active collections and keep your bids active for a longer duration to earn more Bid Points.
3. Maximizing Listing Points: List all your NFTs, especially blue chip and active collections, to earn more Listing Points. Utilize all of Blur’s listing tools and avoid gaming the system.
4. Maximizing Lending Points on Blend: Make Loan Offers using ETH in your Blur Pool with higher Max Borrow and lower APY to earn more Lending Points. Make multiple Loan Offers on different collections.
5. Maximizing Loyalty Points: List your NFTs exclusively through Blur to maintain 100% loyalty. Actively list blue chip and active collections while maintaining loyalty throughout Season 3.
6. Maximizing Holder Points: Deposit $BLUR tokens to earn Holder Points, which count for 50% of the Season 3 airdrop rewards. Maintain your deposit and avoid withdrawing to maximize your Holder Points.
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Blockchain technology is the globalists method for rolling out the Social Credit System.👇
As we can see from this diagram Quant and other organizations are connected to the Federal Government.🤔
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investmentees · 1 year
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The more info revealed about the FTX fiasco, the more pain the bag holders feel. Were you ever left holding a bag before?
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artmind-trader · 8 months
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mindplayintel · 5 months
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Earn Multiple $3 Payments On Auto-Pilot.
CashMachine becomes your own online “Business-In-A-Box” Profit Machine. You get paid $3 instantly into your PayPal account! Link:
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undrgrnd-nft · 3 months
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JANUARY 12TH, 2024 - Originally posted on UNDRGRND
Note: If you can translate this into your native language, please QT this and paste the translation. Art may transcend language barriers but all I have are my words. Thank you in advance for sharing this.
Before it gets too loud in here again, before the masses return, before the hype cycle of cliches and empty sentiments begin to take over the hive mind of web3, I’d like to tell you my idea. 
Next week I will launch the $GRND token, a coin to power influence within the UNDRGRND ecosystem. 
The initial distribution of the token will be…different.
I want the token given to the right people. Those who supported my dream. Those I support.  Those who trusted me. Those I trust. Those who know me. Those who don’t. Those who want to succeed and see others like them. 
The genuine community many of us came here seeking, that’s who should hold this power. 
So, to ensure that, next Friday (January 19th) I will take the UNDRGRND Twitter and Discord private. I will share the vision of UNDRGRND and the DAO with everyone who joins or follows. Then in February, we’ll open it back up to the public.
So if you’re an artist, musician, filmmaker, collector, crypto-enthusiast: make sure you’re in the know.
This is what it’s like to be early to something; before the influencers, whales, and “investors”.
So if you know me, if you trust me, or someone you know vouched for me…
If you think things could be better…
If you like discussing movies, music, books, art…
If you like to write…
If you like to create…
If you like to build…
If you’re tired of shill threads…
If you’re tired of promo DMs…
If you’re tired of influencers…
If you have a small following…
If you feel unseen…
If you have a large following and want to see others succeed…
If you know someone who should be involved…
If you know someone who may benefit from this…
If you think there is strength in numbers…
If you’re hopeful…
If you’re frustrated…
If you believe in others…
If you trust first…
If you feel deeply…
If you think this should be easier…
If you enjoy genuine connection… 
If we’ve spoken once…
If we’ve lost touch…
If I’ve piqued your interest…
If you’re skeptical…
If you think I may be full of sh*t… 
I’d like to share my idea with you. 
If you’ve been called a punk, hipster, nerd, stoner, geek, freak, loser, delinquent, thug, hooligan, failure, different, weird, outsider, free-spirit, artsy, loner, or degraded any way, you are UNDRGRND. 
Tag your friends. Share it with enemies. Invite them in. There’s enough for us all.
@NFTjoe, Founder of UNDRGRND
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btc-official · 5 months
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misternews · 6 months
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BITCOIN KING OF CURRENCY
Bitcoin, the revolutionary digital currency, has been making waves in the financial world since its inception in 2009. With its decentralized nature and secure transactions, it has gained popularity among investors and tech enthusiasts alike. In this article, we will delve into the world of Bitcoin, exploring its features, benefits, and the future it holds.
What is Bitcoin?
Bitcoin is a decentralized digital currency that allows for peer-to-peer transactions without the need for intermediaries such as banks. It was invented by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Operating on a technology called blockchain, Bitcoin ensures secure and transparent transactions through a network of computers known as nodes.
How Does Bitcoin Work?
Bitcoin works on the principle of blockchain technology, a distributed ledger that records all transactions made using the indo3388 cryptocurrency. When someone initiates a Bitcoin transaction, it is broadcasted to the network of nodes. These nodes validate the transaction by solving info slot complex mathematical problems. Once verified, the transaction is added as a block to the blockchain.
Benefits of Bitcoin
Decentralization: Bitcoin operates on a decentralized network, meaning that no central authority controls or governs it. This provides individuals with more control over their finances and reduces the risk of government interference or manipulation.
Security: Bitcoin transactions are highly secure due to the use of cryptographic algorithms. Each transaction is digitally signed to ensure authenticity and integrity, making it nearly impossible to counterfeit or manipulate.
Anonymity: While Bitcoin transactions are public, users have the option to remain anonymous. Instead of using personal information, Bitcoin addresses are used, providing a certain degree of privacy.
Low Transaction Fees: Traditional financial institutions often charge hefty fees for international or large-scale transactions. Bitcoin eliminates the need for intermediaries, resulting in lower transaction fees, especially for cross-border transfers.
Global Accessibility: Bitcoin can be accessed by anyone with an internet connection, regardless of their geographic location. This allows for seamless international transactions and financial inclusion for the unbanked population.
The Future of Bitcoin
The future of Bitcoin looks promising, with its growing acceptance and adoption in various industries. Here are some slot gacor key factors shaping its future:
Increased Institutional Adoption: With companies like Tesla and Square investing in Bitcoin, institutional adoption is on the rise. This not only adds credibility to the cryptocurrency but also paves the way for more mainstream acceptance.
Technological Advancements: As technology evolves, so does Bitcoin. Innovations such as the Lightning Network aim to improve scalability and transaction speeds, addressing some of the current limitations of the network.
Central Bank Digital Currencies (CBDCs): Governments around the world are exploring the concept of CBDCs, digital currencies issued and regulated by central banks. This could potentially lead to a greater acceptance and integration of Bitcoin into the traditional financial system.
Store of Value: Bitcoin is often referred to as "slot online" due to its limited supply and scarcity. As a store of value, Bitcoin can act as a hedge against inflation and economic uncertainty, making it an attractive asset for long-term investment. In conclusion, Bitcoin has emerged as a revolutionary form of digital currency, offering benefits such as decentralization, security, and low transaction fees. Its future looks promising, with increasing institutional adoption and technological advancements. Whether Bitcoin will become the currency of the future remains to be seen, but its impact on the indo3388 financial landscape is undeniable. So, are you ready to embrace the world of Bitcoin and explore the possibilities it holds?
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Cryptocurrency and the Future of Social Media Marketing
Bitcoin Social is the best platform for crypto marketing or to promote crypto related projects or businesses. Sign Up Today!
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gesundheitszentrum · 19 days
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Xenomorph and his Bitcoin Collection
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fournierrichards99 · 15 days
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Governance Tokens DeFi: Empowering Decentralized Finance
Decentralized Finance, or DeFi, is a quickly growing industry of the blockchain sector that is revolutionizing traditional financing. It uses a variety of economic solutions, such as borrowing, trading, and also borrowing, without the requirement for intermediaries like financial institutions. However, to make certain the smooth functioning of DeFi methods, administration is crucial. This is where Governance Tokens enter into play.
What are Governance Tokens?
Governance Tokens are digital possessions that grant their owners the right to get involved in the decision-making procedure of a DeFi method. They permit token owners to suggest, vote, and implement changes to the protocol's procedures and also regulations. Governance Tokens are important for the decentralized governance of DeFi methods, as they allow an autonomous decision-making procedure without the requirement for centralized authorities.
How do Governance Tokens function?
Governance Tokens work with a Proof-of-Stake (PoS) consensus mechanism, which means that the more tokens an individual holds, the more ballot power they have. This makes sure that those that have a larger stake in the procedure have a greater say in the decision-making procedure. Governance Tokens are typically dispersed with Initial Coin Offerings (ICOs) or airdrops, where users can get them by staking other cryptocurrencies or by holding a specific quantity of symbols.
What are the advantages of Governance Tokens?
Governance Tokens supply numerous advantages to both DeFi procedures as well as token holders. Firstly, they supply a device for decentralized decision-making, ensuring that the protocol holds to its decentralized nature. This likewise makes certain that the method can adjust to altering market problems and also user demands, making it a lot more resistant and also sustainable over time.
Secondly, Governance Tokens incentivize active participation from token holders, as they have a direct risk in the success of the method. This ensures that token owners are more probable to participate in the decision-making procedure, causing even more informed and autonomous decisions.
Finally, Governance Tokens additionally supply a potential roi for token owners. As the method grows and also comes to be extra effective, the worth of the Governance Tokens may increase, resulting in resources gains for token holders.
What are the challenges of Governance Tokens?
While Governance Tokens offer several advantages, there are also some difficulties that need to be dealt with. https://manocoin.net/category/crypto-exchanges/ Firstly, the circulation of Governance Tokens might not constantly be fair, as those that have much more sources may be able to obtain a larger risk in the protocol. This can result in a focus of power, which might not be preferable in a decentralized system.
Secondly, the decision-making process might be sluggish and inefficient, as token owners might not always settle on the very best strategy. This can bring about hold-ups in implementing adjustments and might hinder the method's growth and also advancement.
Finally, Governance Tokens might also go through regulatory analysis, as they may be considered securities in some jurisdictions. This can cause legal challenges as well as might restrict the fostering of Governance Tokens in particular regions.
Conclusion
Governance Tokens are a crucial part of decentralized financing, making it possible for democratic decision-making and also incentivizing active engagement from token owners. While there are some challenges to be attended to, the benefits of Governance Tokens far surpass the drawbacks. As DeFi continues to grow and expand, Governance Tokens will certainly play a progressively essential function in ensuring the sustainability as well as durability of these methods.
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tethereumtoken · 24 days
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