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Back in late April of 2015, almost exactly nine years ago, riots erupted in Baltimore, Maryland, over the demise of a career criminal named Freddie Gray, who died while in police custody.

Few people remember his name today, but at the time he was the most recently canonized BLM saint, and the guy whose death everyone was pretending to mourn. The most memorable thing about that moment in history isnt Freddie Gray himself, or even the riots, but what the then-mayor of the city said the day after, as the media put it, peaceful protests took a violent turn. Mayor Stephanie Rawlings-Blake stood in front of news cameras and told the world that she had decided to give those who wished to destroy space to do that as well.

By her own testimony, she had instructed law enforcement to stand by and give rioters space to destroy their community. To let off some steam and vent their frustrations by committing crimes.

At the time it was shocking that a political leader would openly allow that kind of behavior and even admit that she was allowing it. It also cast the riots in an even more bizarrely childish light. The rioters were like children having a temper tantrum in the grocery store, and the mayor was the overly lenient, push-over parent allowing the scene to continue. But as Mayor Rawlings-Blake discovered, the problem with giving space to destroy is that eventually youll want them to stop destroying, and then at that point youll have to do exactly the thing that you could have and should have done the moment that the lawlessness started. The rioters will not at that point thank you for having given them more time and space than they ever deserved.

Whenever you decide to finally enforce the law, they will claim to be oppressed just as they would have if you had enforced the law from the beginning. This is one of the many problems with the space to destroy strategy, and yet city leaders all across the country in the years since have adopted the same strategy.

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In recent weeks, as youve heard, university officials have embraced the space to destroy approach as well. And last night that decision as it always does came to a head.

After allowing leftist pro-Hamas demonstrators to maintain an illegal encampment for many days, Columbia University finally brought in the NYPD to arrest the criminals a decision that was only made after they broke into and occupied a building on campus. The police arrived in full force with riot shields and zip ties and busses to arrest and detain the demonstrators. It didnt take very long before the situation was brought under control and the authorities had wrestled back the property that had been illegally seized.

There were many videos of this operation as it unfolded, often posted by leftist groups who expected the public to be shocked and horrified by the images.

Heres one video posted by a group called National Students for Justice in Palestine: SWAT AND SRG HAVE INVADED COLUMBIAS CAMPUS AND ARE ENTERING HINDS HALL. THEY HAVE FORCED OUT ALL PRESS TO PREVENT RECORDINGS OF THEIR BRUTALITY. pic.twitter.com/LJJ5nKrUWe

National Students for Justice in Palestine (@NationalSJP) May 1, 2024

They posted that along with this caption:

SWAT AND SRG HAVE INVADED COLUMBIAS CAMPUS AND ARE ENTERING HINDS HALL. THEY HAVE FORCED OUT ALL PRESS TO PREVENT RECORDINGS OF THEIR BRUTALITY.

But there was no brutality. Simply the police enforcing the law. And they werent invading anything. Its the pro-Hamas protesters that had illegally invaded a building. A building that isnt called Hinds Hall, but rather Hamilton Hall. The protesters had not only burglarized and occupied the building, but also attempted to rename it. They expect us to be deeply disturbed and outraged on their behalf that their act of organized burglary and trespassing is no longer allowed to continue.

Indeed, many on the Left including prominent politicians who spoke out did express outrage. According to them, these protesters should be allowed to do whatever they want, indefinitely, and break whatever laws they want to break, for as long as they want to break them, without facing any consequences whatsoever. That is their actual position. Nonetheless, dozens of the criminals were arrested, and now they all face not only criminal charges but expulsion. They will be thousands of dollars in debt with no college degree. Which means theyll be in only slightly worse shape than people who are thousands of dollars in debt with a college degree.

Meanwhile, on the other side of the country, the illegal encampment on UCLAs campus was also invaded. But not by police. Heres the report from Breitbart:

Roughly 100 pro-Israel vigilantes stormed the Palestine Solidarity Encampment at the University of California Los Angeles (UCLA) late Tuesday night and early Wednesday morning, sparking battles with activists. The raid occurred after nearly a week in which UCLA not only allowed the encampment to occupy the main plaza on campus, but also allowed pro-Palestinian activists to run their own security, barring access to students and the public.

Heres what that looked like:

This is what happens when you grant one group special privileges to break the law and all of the rules. Not only break the rules but come up with their own rules. That sort of wildly unjust, disproportionate situation can only continue for so long before everyone else the people expected to abide by the law have simply had enough of the double standard and decide to take matters into their own hands. If you dont want that to happen and you definitely shouldnt want it to happen then enforce the rules equally and hold everyone to the same standard. Which means that nobody should be allowed to maintain an encampment of any kind.

Keep this in mind. When pro-life protesters sat peacefully outside of an abortion clinic for a few hours on one single morning, the Biden Administration sent armed federal agents to their homes to drag them away in handcuffs, convicted them of felonies, and now wants to send them to prison for ten years.

When January 6th protesters trespassed in the capital, the federal government responded by spending the next three years hunting them down one by one and tossing them in prison.

When the Left objects to how these pro-Hamas protesters are being treated, its not because these protesters are being handled harshly. Its because the Left believes that their protesters the ones on their side should be given free rein to do whatever they want.

This is a sense of entitlement obviously shared by the protesters themselves, which is what led to this unintentionally hilarious moment at Columbia University yesterday afternoon, a few hours before the police raid. An unofficial spokeswoman for the demonstrators gave a press conference where she made a number of demands. According to reporting from Noah Pollack, a contributor to the Free Beacon, this womans name is Johannah King-Slutzky. According to her bio, Johannah is working on a dissertation on fantasies of limitless energy in the transatlantic Romantic imagination from 1760-1860. Her goal, she explains, is to write a prehistory of metabolic rift, Marxs term for the disruption of energy circuits caused by industrialization under capitalism.

Its a shame to think that the world will never get to read this full dissertation, now that Johannah is probably going to be expelled. We will have to continue on, somehow, without the vital information that she was going to provide us about the fantasies of limitless energy in the transatlantic Romantic imagination.

In any case, now that you know what sort of person were dealing with, you wont be surprised by the demands she made during the press conference:

Those are their demands. They say they are willing to enter into negotiations, but only if Columbia University follows the rules that the burglars and trespassers have set out. Of course the problem for the group is that they have absolutely no leverage whatsoever. They can simply be removed from the building and arresed at any time. They have no leverage, no power, nothing but the privilege theyve been granted to cosplay as revolutionaries. It can be revoked at any moment, and it was, shortly after these demands were made.

But the most striking and hilarious part of this bizarre press conference was when she made a plea for and I quote humanitarian aid: Reporter grills Columbia student after she demands the university help feed protestors occupying Hamilton Hall:

"It seems like you're saying, 'we want to be revolutionaries, we want to take over this building, now would you please bring us some food'." pic.twitter.com/vNczSAM4T1

The Post Millennial (@TPostMillennial) April 30, 2024

Just to be completely clear here, the humanitarian aid theyre requesting is Chipotle deliveries. The next time you order a burrito bowl on Door Dash, remember that youre not ordering lunch. You are requesting humanitarian aid.

So these protesters committed burglary and trespassing, holed themselves up in a building where they didnt belong and had no right be, barricaded the doors and refused to come out, and then demanded that free food be delivered to them so that they dont, as they claim they are on the verge of doing, starve to death. This is the level of pathological, insane, delusional narcissistic entitlement that were dealing with here. Its exactly the mentally that these college campuses intentionally instill, and which is now being wielded against them.

But most of all this goes to show just how fake all of this is. You can say that these kids are radical leftists, and thats certainly true. You can say that theyre anti-American, and thats true too, which is why theyve taken down American flags and replaced them with Palestinian flags, shouted Death to America, and so on. You can say that theyre anti-white and they see Israel as a vehicle of whiteness, and thats true. You can say that some of these protesters are actually anti-semites who hate Jews as a group. And thats obviously true.

But before any of that, what we must say about these protesters and their protest, is that its all fake. Phony. Pretend. Its all one big performance.

The average American today lives a life of such comfort and luxury that the pharaohs of Ancient Egypt would look at them with envy. Ivy League students have lives significantly more luxurious and comfortable than that.

Its estimated that about 100 billion humans have lived on Earth since the dawn of the species. Those kids setting up encampments and demanding free Panera Bread have more wealth and privilege than almost all of them. They quite easily have it better than 99.9% of all humans who have ever existed. These kids have never experienced hardship, persecution, suffering or sacrifice. Most of them havent even experienced being told no. This has made them not only entitled beyond all imagining, but also bored, dull, and desperate to find meaning in pretended oppression.

They have no religion, most of them. No belief in God. No source of meaning in their lives. And they subscribe to an ideology that paints all the world and all of history as a struggle between persecutor and persecuted. They want to be in the latter group, if only so that they can feel better about themselves, and experience some excitement in a life that otherwise consists of sitting around and staring at screens while all of their needs are met at the snap of a finger.

Their whole worldview is a part of this game of pretend. They walk around every day in a fantasy world, one where they are the revolutionaries fighting back against a racist white supremacist Handmaids Tale system that seeks to annihilate and enslave them. They maintain this fantasy, and double down on it, even as the system affords them every privilege it possibly can. In fact, the more privileges they are given, the deeper they must immerse themselves into the fantasy role playing game so that they can maintain the fiction.

Of course, if they really desired oppression and suffering, they could go find it. There is always the option to actually forgo their comfortable lives and move to a part of the world where they will experience the sort of deprivation and persecution that they spend their whole lives pretending to struggle against. But they dont want the fantasy to become real, anymore than someone fighting zombies in an arcade game wants to look over and find himself surrounded by the monsters in real life. They want to keep it all inside the game. Inside the virtual reality fantasy.

Until eventually a piece of reality breaks through the barrier and imposes itself on them and in this case they find themselves arrested and expelled from school.

The good news is that now they have a real misfortune to complain about. The bad news is they brought it on themselves. And the worst news of all is that they will almost certainly learn nothing from the experience.

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Environment

Lectric Ebikes may be launching a new XP 4 this week, and it could change everything

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Lectric Ebikes may be launching a new XP 4 this week, and it could change everything

Lectric Ebikes appears to be preparing for a major new product launch, teasing what looks like the next evolution of its wildly popular folding fat tire electric bike. Based on the clues, it looks like a new Lectric XP 4 could be inbound.

In a social media post released over the weekend, the company shared a minimalist graphic reading “XP4” along with the message “Tune in 5.6.2025 9:30AM PT.” That date – this Tuesday – suggests we’re just hours away from the big reveal of the Lectric XP 4.

If true, this would mark the next generation of the most successful electric bike in the U.S. market. The current model, the Lectric XP 3.0, has become an icon of accessible, budget-friendly electric mobility. Starting at just $999, the XP 3.0 offers a foldable frame, fat tires, a 500W motor, a rear rack, lights, and hydraulic brakes – all packed into a highly shippable design that arrives fully assembled. It’s the kind of package that has helped Lectric claim the title of best-selling e-bike brand in the U.S. for several years in a row.

With the XP 3.0 still going strong, the teaser raises plenty of questions. Will the XP 4.0 be a modest update or a major leap forward? Could we see new features like torque-sensing pedal assist, a location tracking option, or upgraded performance? Or is Lectric preparing a more comfort-oriented variant, maybe even with upgraded suspension or even more accessories included standard?

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The teaser image, which features stylized stripes in grey, blue, and black, may hold some clues. One theory is that the colors represent new trim options or component upgrades. Another possibility is that Lectric is preparing multiple variants of the XP 4.0 – perhaps targeting commuters, adventurers, and off-road riders with purpose-built versions. We took the liberty of a bit of rampant speculation late last year, so perhaps that’s now worth a revisit.

At the same time though, Lectric’s penchant for launching new models at unbelievably affordable prices has never run up against such strong pricing headwinds as those posed by uncertainty in the current US-global trade war fueled by rapidly changing tariffs for imported goods.

lectric xp 3.0 hydraulic
Previous versions of the Lectric XP e-bike line have seen sky-high sales

Whatever the case, Lectric’s knack for surprising the industry with high-value, customer-focused e-bikes means expectations will be high. The brand has built a loyal following by delivering reliable performance at a price point that few can match, and any major update to the XP lineup is likely to ripple across the market.

As a young and energetic e-bike company, Lectric is also known for throwing impressive parties around the launch of new models. It looks like I may need to hop on a red-eye to Phoenix so I can see for myself – and so I can bring you all along, of course.

Be sure to tune in Tuesday at 9:30AM PT to see what Lectric has in store – and you can bet we’ll have all the details and first impressions as soon as they drop.

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Industry calls for urgent crypto law reforms after Australian election

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Industry calls for urgent crypto law reforms after Australian election

Industry calls for urgent crypto law reforms after Australian election

The Australian crypto industry has called on the newly reelected Labor government to urgently make digital asset legislation a top priority to ensure Australia doesn’t fall further behind global markets.

The incumbent Australian Labor Party was returned in a landslide on May 3, picking up 54.9% of the two-party-preferred vote, against the Liberal and National Parties on 45.1%. Both parties went to the election promising crypto law reform, but only the opposition pledged to deliver draft legislation within 100 days.

Joy Lam, Binance’s head of global regulatory and APAC legal, said the exchange has been consulting with Treasury officials since late 2023 about its proposed legislation, and it was now time for action.

“Timing is really quite critical now because obviously it’s something that has been discussed and kicked around for quite a few years,” she told Cointelegraph.

Coinbase managing director for APAC John O’Loghlen said the reelected Albanese Government has the “opportunity and the responsibility to move quickly on this issue” and called for a Crypto-Asset Taskforce to be established within its first 100 days “with the aim of bringing forward legislation that protects consumers, promotes innovation, and stops the exodus of talent and capital to other markets.”

Cryptocurrencies, Australia, Bitcoin Regulation
Reelected Prime Minister Anthony Albanese. Source: Anthony Albanese

BTC Markets CEO Caroline Bowler said that “beyond the political implications, this result sets the stage for meaningful progress in Australia’s approach to digital asset regulation.”

Lam noted that the UK released its draft regulations last week, stablecoin bills are moving forward in the US, and the EU has already implemented its MiCA legislation.

“So there’s a very clear shift. Everyone’s moving towards providing the regulatory framework that is needed for the industry to develop in a sustainable way. So time is really of the essence now.”

Draft crypto legislation within months

Treasurer Jim Chalmers’ office told Cointelegraph that exposure draft legislation would be released sometime this year for consultation, and any legislated reforms would be “phased in over time to minimize disruptions to existing businesses.”

Although the Treasury has draft legislation on “regulating digital asset platforms” and “payments system modernization” scheduled for release by the end of June, Lam isn’t confident. “I don’t know whether this quarter specifically is still sort of the timeline,” she said.

Related: Australian election will bring pro-crypto laws either way

While the ALP has been attacked by some over not taking any action in its first term in government, that may actually have resulted in a better outcome than legislation that took its cues from the approach of Joe Biden’s administration, which took a hard line on banks dealing with cryptocurrency and viewed most coins as securities. 

Industry figures report a noticeable evolution in the government’s approach to crypto between when proposals were first put out for consultation at the end of 2023 and when the Treasury released its much more positive “Statement on Developing an innovative Australian digital asset industry” in March this year.

Cryptocurrencies, Australia, Bitcoin Regulation
Australia Votes running tally on the Australian election. Source: ABC

The statement sets out key priorities, such as using the existing Australian Financial Services License (AFSL) regime to underpin the regulation of Digital Asset Platforms and payment stablecoins. It’s focused on the safe custody of client assets by centralized providers and sidesteps issues around decentralized finance platforms

Lam welcomed the use of the AFSL regime. “Obviously, we don’t need to reinvent the wheel,” she said. “It’s something that people know and understand. It’s a pretty sensible move, and it’s also going to be much easier for regulators.”

Tokenization and sandbox

The government will also review the Enhanced Regulatory Sandbox, which aims to provide space for innovative digital asset startups to grow free of red tape. The statement also highlights opportunities with tokenization.

Lam said the change in emphasis showed the government has been listening to the industry. 

“It reflects the industry feedback that they would have received in 2023 as a result of the consultation, as well as the changing landscape because obviously it’s been evolving pretty quickly internationally,” Lam said.

“They do have the benefit now of looking at what has worked and hasn’t worked in other jurisdictions, and really building on those lessons.”

Dea Markovy, policy director at Fireblocks, told Cointelegraph that “a lot of the groundwork and research is done” and it was looking broadly positive.

“Of course, a lot of details are still to come around Australia’s Digital Asset Platforms (DAPs) regime. What is significant here is the willingness of the Government to cut through the complexity and uncertainty on crypto intermediaries licensing.” 

The securities regulator ASIC released its own crypto regulations proposals (INFO 225) in December, and feedback from those consultations will help inform the government’s new legislation. 

“In essence, it details how different token issuances and crypto intermediation will fit into Australia’s existing securities legislation, providing for a transition period,” explained Markovy.

The draft guidance suggests NFTs, in-game assets and memecoins are not financial products — the local equivalent of a “security” — while a yield-bearing stablecoin or a gold-backed token probably are.

The Treasury statement also highlighted issues with debanking. Lam said that simply regulating the industry would go a long way toward solving the issue.

“What we really want from governments and regulators is that clean licensing framework, because that goes a long way to mitigating the risk and giving the banks the comfort that they need,” she said. “And then, there’s probably going to need to be some additional guidance given to banks.”

Magazine: ZK-proofs are bringing smart contracts to Bitcoin — BitcoinOS and Starknet

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World

At least 15 injured in ‘US-British’ strike on Yemeni capital, according to Houthi group

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At least 15 injured in 'US-British' strike on Yemeni capital, according to Houthi group

Yemen’s Houthi rebel group has said 15 people have been injured in “US-British” airstrikes in and around the capital Sanaa.

Most of those hurt were from the Shuub district, near the centre of the city, a statement from the health ministry said.

Another person was injured on the main airport road, the statement added.

It comes after Israeli Prime Minister Benjamin Netanyahu vowed to retaliate against the Houthis and their Iranian “masters” following a missile attack by the group on Israel’s main international airport on Sunday morning.

It remains unclear whether the UK took part in the latest strikes and any role it may have played.

On 29 April, UK forces, the British government said, took part in a joint strike on “a Houthi military target in Yemen”.

“Careful intelligence analysis identified a cluster of buildings, used by the Houthis to manufacture drones of the type used to attack ships in the Red Sea and Gulf of Aden, located some fifteen miles south of Sanaa,” the British Ministry of Defence said in a previous statement.

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On Sunday, the militant group fired a missile at the Ben Gurion Airport, sparking panic among passengers in the terminal building.

The missile impact left a plume of smoke and briefly caused flights to be halted.

Four people were said to be injured, according to the country’s paramedic service.

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