Monday, July 10th, 2006
Back from a week at the beach. Brilliant. We loved watching the home-spun fireworks all up and down the beach, with the official celebration off the pier in the distance. Some photos.
The blog legitimacy debate continues. Are blogs are derivative or a primary source? Does it matter? By commenting about a blog post about blogs linking to the New York Times, have I just proven the point? Which point?
Here’s a local version of the same debate.
It’s worth noting that futures on the US Treasury bonds, a “derivative,” now trade hundreds of times the volume of the actual securities they’re notionally based on. Easier to use, more liquid, faster… that’s what folks prefer, and that’s where the critical mass ends up.
Meanwhile, pleading conventional-magazine-hood, Nick Denton’s Gawker Media hunkers down, shuffles its deck and drops a few cards.
And a crusading blog is apparently blacklisted by the Governor of Kentucky.