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"Mythic Communism (with a capital C) is a theory of history, of a classless society that once existed and will, it is hoped, someday return again. It is notoriously messianic in its form. It also relies on a certain notion of totality: once upon a time there were tribes, some day there will be nations, organized entirely on communistic principles: that is, where ‘society’ — the totality itself — regulates social production and therefore inequalities of property will not exist.

Everyday communism (with a small c) can only be understood in contrast by rejecting such totalizing frameworks and examining everyday practice at every level of human life to see where the classic communistic principle of ‘from each according to their abilities, to each according to their needs’ is actually applied. As an expectation of mutual aid, communism in this sense can be seen as the foundation of all human sociality anywhere; as a principle of co-operation, it emerges spontaneously in times of crisis; as solidarity, it underlies almost all relations of social trust.

Everyday communism then is not a larger regulatory body that co-ordinates all economic activity within a single ‘society,’ but a principle that exists in and to some extent forms the necessary foundation of any society or human relations of any kind."

— David Graeber, Communism, 2010



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"Mythic Communism (with a capital C) is a theory of history, of a classless society that once existed and will, it is hoped, someday return again. It is notoriously messianic in its form. It also relies on a certain notion of totality: once upon a time there were tribes, some day there will be nations, organized entirely on communistic principles: that is, where ‘society’ — the totality itself — regulates social production and therefore inequalities of property will not exist.

Everyday communism (with a small c) can only be understood in contrast by rejecting such totalizing frameworks and examining everyday practice at every level of human life to see where the classic communistic principle of ‘from each according to their abilities, to each according to their needs’ is actually applied. As an expectation of mutual aid, communism in this sense can be seen as the foundation of all human sociality anywhere; as a principle of co-operation, it emerges spontaneously in times of crisis; as solidarity, it underlies almost all relations of social trust.

Everyday communism then is not a larger regulatory body that co-ordinates all economic activity within a single ‘society,’ but a principle that exists in and to some extent forms the necessary foundation of any society or human relations of any kind."

— David Graeber, Communism, 2010

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At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised. The fake Zelenskiy account reached 20,000 followers on Telegram before it was shut down, a remedial action that experts say is all too rare. He adds: "Telegram has become my primary news source." Under the Sebi Act, the regulator has the power to carry out search and seizure of books, registers, documents including electronics and digital devices from any person associated with the securities market. Friday’s performance was part of a larger shift. For the week, the Dow, S&P 500 and Nasdaq fell 2%, 2.9%, and 3.5%, respectively.
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