Joseph H Sadove
2 min readJul 20, 2020

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Patrick,

Well, this is probably the worst post you have ever put out there. I am not sure where you are getting your history from and this particular story, but either this story is a very isolated and unique anecdote or it’s a falsehood. And it might well be one of the many such “ameliorations” and distortions that circulate to try to slowly chip away at the facts. A strategy used now more and more where hard truths are unwanted, inconvenient or downright under assault by various hate groups.

This article starts very badly. The summer of 1935 was 2 years after Kristallnacht when most Jewish businesses were damaged or destroyed and then quickly taken away. The organized attacks on homes, businesses, and synagogues began in 1933, not 1938, and the first nationwide book-burning happened in May 1933. With the arrival of the Nuernberger Gesetze (“Nuremberg Laws”) in….yes, 1935, things became essentially impossible and then the worst crime in modern history took place.

Your understanding of why Jews “stayed” is very partial, if not downright misleading: first they had to give up all their assets and then find a place that would accept penniless immigrants. There were small numbers that had or were able to transfer assets outside the country, but even then getting permission to enter was another problem.

You have probably alienated any of your Jewish friends and/or clients with this rendering and usage.

With that having been said, I comment once again on the Patrick Tan paradox. The facts are right and right up to where, non sequitur-like, you draw the wrong conclusions in your promotion of crypto.

Blockchain is a technology masquerading as a way to solve a problem no one really needs or should want. But it has become a buzzword for attracting speculators, fools, and opportunists. Shi announced that China would dominate blockchain technology. This was a form of label-laundering. So China now has become both an opportunist and a user.

China uses it in the form of the “digital Yuan” and its announced objective to dominate the space to suppress money laundering at the same time. Interestingly, you fail to judge the practice of money-laundering, perhaps only in China’s case and only implicitly. But, unmistakably, you approve of “blockchain” as a means to enable it.

China can very easily and nearly completely suppress access and use of BTC, ETH, etc. And, it probably will. But Chinese will also probably find other ways (foreign physical conduits?) to get around these. It will be more difficult and risky, but illicit activity such as blood diamond/resource washing still goes on with crypto because it is still the easiest way to carry out such activity with the least risk of discovery.

You start with misrepresenting and misappropriating the biggest crime of modern times and cut to a backhanded endorsement of money-laundering. All in the service of...what?

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