BC CRYPTO
Saved by @SteveeRogerr

🚨 @naval @balajis and @shl live on Clubhouse right now🚨

 .@naval: I can't imagine working on anything besides crypto. Crypto was the biggest changemaker and biggest wealth maker of 2020.
.@balajis: Crypto is a civilization technology
.@naval: Property rights is one of the hardest problems. That's why we need nation state. Nation states do property rights. #BTC is solving this. #BTC is solving the hardest problem. If we can solve the BTC problem, we can solve everything else (decentralized media, file storage)
.@naval: I think the next big thing we're going to see is decentralize social networks. All the centralized social networks just created the 2008-2009 moment, it's going to change everything.
.@balajis switches topics to privacy:
I think we'll see a crypto operating system where everything from your messages, payments, identity, authentication etc will all be on blockchains.
@naval: "The unstoppable and un-snoopable phone"
.@balajis: Eventually password managers and crypto wallets will converge because they're the same thing. By the mid 2020s we'll see phones come with a charger and a hardware wallet. It goes into the phone port and allows you to unlock your crypto.
.@naval: The original internet protocols (e.g. HTTP) were stateless. So then private companies like Facebook started to store state and identity. But now they own and have data lock-in. Bitcoin is now the first *stateful* protocol. The data is all public and open to anyone.
.@naval explains this tweet: https://t.co/bE83SBo5gN

In the future, there will be one canonical social protocol with all the social data. The future YouTubes, Clubhouses, and Twitters will all be built on the winning social protocol. (We don't know yet which one will win.)
.@naval: I want to be totally platform-independent. If Twitter goes away, if Twitter deplatforms me, or if someone else deplatforms Twitter, I don't want to lose my followers or profile.
.@naval: Instead of following me on Twitter, you'll follow a pointer to me on the blockchain. If Twitter deplatforms me, I'll update the pointer to my new location on the blockchain.
.@naval: The other advantage of decentralized social networks is payments built-in. Right now, YouTube takes much more of the value created by users of the platform then they deserve.
.@naval: Decentralized social media will also be programmable. No more being limited by the one client made by the single company. In the future, there will be 100s of clients all competing with each other, all using the same underlying decentralized social protocol.
.@naval: The future decentralized social protocol will create trillions of dollars in value, but it won't all go to a few companies in the Bay Area. It'll be distributed across all the users of the platform.
.@naval: Decentralized social media is what I want to spend the next significant years of my professional career working on. Don't want to be a serf on Jack's or Zuck's farm.
.@naval: I want my followers to be permanent. I don't want to be de-platformed. I want my followers forever just like email addresses or RSS subscribers.

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Algostorm \u26a1 2/7/2021 6 pm EST ALGOWORLD USA
Algostorm ⚡ 2/7/2021 6...
@AW_USA
Unlike #ETH and #BTC $ Algo uses delegated proof of stake (DPOS) #AlgorandandFriends


Under the DPOS mechanism, the community will empower a number of users the delegates to choose the next block. This is a mechanism that is used by blockchains such as EOS etc. $Algo

There is a fixed number of delegates & these delegates can be viewed as having centralized control. In the adipose blockchain, the delegates may own a tiny fraction of the total money in the system. Yet, the whole blockchain is secure. $Algo

The Algorand consensus mechanism is called pure proof of stake. And it operates on this simple principle. It makes cheating by a minority of the money impossible and cheating by the majority stupid. $Algo

$Algo developed a mechanism so that those with small stakes cannot cheat, those that have a large stake in the network won’t cheat. It will completely devalue their holdings & make no economic sense. As long as 2/3 of the majority are honest, the protocol will work just fine. $
CRYPTO
Dan Held
Dan Held
@danheld
1/ Fear and Bitcoin.

Whenever Bitcoin has a bull run, naysayers try to cope with missing the boat by rationalizing why it will fail through “Fear, Uncertainty, and Doubt” or what we Bitcoiners have nicknamed “FUD.”
CRYPTO , FUD
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Coopahtroopa \U0001f525_\U0001f525
Coopahtroopa 🔥_🔥...
@Cooopahtroopa
2020 was a game changer for Ethereum.

The vast majority of its success was fueled by #DeFi.

Here's what happened in 5 Tweets 🔽

1) Governance Tokens 🪙

Projects gave complete ownership of billion dollar protocols to their users, often using retroactive airdrops.

Early adopters earned tokens for past usage, and token-based voting now dictates all technical


2) Liquidity Mining ⛏️

Power users were the first to earn on-going distribution by providing liquidity.

$COMP sparked the wave, with $BAL coining the term a few weeks


3) Yield Faming 🌾

Projects coupled liquidity mining and governance tokens to boost 'yields' by combining lending rates with an incentive layer.

APYs peaked as high as 1M% during 'DeFi summer', leading to a 'food coin' craze like $YAM and


4) Fair Launches ✅

Who needs investment when you can launch using yield farming?

@iearnfinance debuted $YFI with no formal funding, seeding a community treasury for self-sustainability.

The notion of a core team and community became one and the
CRYPTO
Daan Crypto Trades #NFT
Daan Crypto Trades #NF...
@DaanCrypto
NFT Crypto Guide 101 📚

🔹What are Non-Fungible-Tokens?
🔹What are NFTs used for?
🔹What do I expect for the NFT space in 2021?
🔹What NFTs do i hold?
🔹Where do I buy NFTs?

I will go through all of these questions.

Thread below 👇

🔹What are Non-Fungible-Tokens (NFTs)?

NFTs are crypto tokens that represent something unique. They are not mutually interchangeable.

This means that one NFT is not the same as the other.

Unlike for example Bitcoin, where each satoshi is exactly the same as the other.

These NFTs exist on the Ethereum Blockchain. Instead of ERC-20 tokens, we call these NFTs: ERC-721 or ERC-1155 tokens.


Each of these NFTs have an unique ID that seperates them.

For example, The Hashmask with ID #6718 is completely different than the Hashmask with ID #9939.

Different visually as well as the ID on the blockchain.


🔹What are NFTs used for?

NFTs are used to create verifiable digital scarcity and digital ownership.

The main applications we see today are:

🔹Digital Art
🔹Collectibles
🔹Games
CRYPTO
anshul gupta
anshul gupta
@anshgupta64
Scathing comments on Crypto from Mr Rabi Shankar - Deputy Governor, RBI.

1) On crypto being treated as a currency:
"Currency always has an issuer, usually a trusted entity like the sovereign. Even when gold is used as a currency, the gold coins had to be issued by a sovereign.

Secondly, historically, a currency has always been either a commodity with intrinsic value or a debt instrument. Cryptocurrencies do not conform
to this understanding as they do not have an issuer, they are not an instrument of debt/commodities nor do have any intrinsic value.

Currency needs trust, not everything that can be trusted is a currency. So even if technology (as
in a blockchain) provides the trust for cryptocurrencies, they can at best perform the role of a currency within the private and closed environment of that cryptocurrency.

They do not, and should not, automatically become a currency for the larger society "

2) On crypto being treated as a financial asset : "This is also problematic because all financial assets have underlying cash flows and need to be some person’s liability.
CRYPTO

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Joey Tawadrous \U0001f1ee\U0001f1ea
Joey Tawadrous 🇮🇪...
@joeytawadrous
1) Core attributes of a promising founder worth following:
- Progress/trajectory over time
- How well they lead a team &
- Make the vision happen
- Most impressed when someone is way ahead of where you thought they would be when you check up/see them a few months later.

2) Indie Makers have such a benefit of being small, fast, nimble workers in comparison to big companies.

We can easily pivot and vastly change a project of ours. We can change as we learn more about our users.

Big companies can take months/years for even the smallest of pivots.

3) Before you find a product market you can pivot your project as many times as necessary until you find something that works.

Then you only have one thing to do: scale, scale, scale.

4) Be obsessed with the little details.
- listen to every single person who uses your product
- reply to every single person who emails you about your product
- ask them what they like and do not like
- iterate your product, make changes, pivot if necessary

5) Paul Graham's (@paulg) name came up with a feeling of great admiration! Naturally! It was Paul who said:

In the early stages of a company just;
- write code
- talk/sell to customers to stress test your idea

Nothing else.
STARTUPS
Corey Haines \U0001f4a1
Corey Haines 💡...
@coreyhainesco
I think I'm giving up on mainstream marketing content.

I'm giving up on social media consumption too.

So little substance.

Need to devote more time doing. More time creating.

Who needs another "5 ways to boost growth" post? I click and am disappointed every time. Not again.

I don't want to poop on content marketing, but marketers need to step it up.

Or at least, founders need to know that doing something is not always better than doing nothing.

Why is content marketing not as effective as it used to be? An innumerable amount of factors...

But one things for damn sure.

Things have to change.

Two of the chief sins:
1. Unoriginal research/story/study/etc
2. Not having anything more to add that's meaningful

Why blog/podcast/vlog/etc about something that's already been said? Already been done?

Do we really need another interview with founder of x hot startup? Do we really need another ultimate guide about facebook ads?

Not all content is like this...

Sometimes, you get an occasional piece that truly leaves you better off than you were before. That doesn't make you want to skim.

An original case study. A first time interview with a founder. An honest account of an experiment. An explanation of a change, shift, or realization.
LIFE
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foone
foone
@Foone
It is 2018 and this error message is a mistake from 1974.
This limitation, which is still found in the very latest Windows 10, dates back to BEFORE STAR WARS. This bug is as old as Watergate.


When this was developed, nothing had UPC codes yet because they'd just been invented.
Back when this mistake was made, There was only one Phone Company, because they hadn't been broken up yet. Ted Bundy was still on the loose. Babe Ruth's home run record was about to fall.

When this bug was developed, Wheel of Fortune hadn't yet aired. No one had seen Rocky Horror. Steven Spielberg was still a little-known directory of TV films and one box-office disappointment. SNL hadn't aired yet. The Edmund Fitzgerald was still hauling iron ore.

WHEN THIS STUPID MISFEATURE WAS INVENTED, THE GODFATHER PART II HAD JUST OPENED IN THEATERS.

So, why does this happen? So Unix (which was only 5 years old at this point) had the good idea of "everything is a file" which mean you could do things like write to sockets, pipes, the console, etc with the same commands and instructions.
TECH
Matt Fuller
Matt Fuller
@MEPFuller
They’re shooting into the chamber.
POLITICS
Stephen Fasenfeld \U0001f600
Stephen Fasenfeld 😀...
@fasenfeld
1. “Who Are Ireland’s Members Of The World Economic Forum Implementing The Great Reset In 2021 ? 🧵1/28

🕵️🔎 Politicians, Musicians, Clergy, Bankers, Journalists, Human Rights, Artificial Intelligence, Sustainability, Corporations & Agriculture


2. In previous threads I have looked at 🇮🇪 key players in the Trilateral Commission as well as 🇮🇪 people who have attended the Bilderberger meetings. I also looked at the 🇮🇪 in the Young Global Leaders which is a site run by the WEF. You will see a lot of crossover between them.

3. The purpose of this thread is to compile all the Irish members into one thread for ease of access and reading rather than having to dive through the WEF site. This is by no means definitive and I will be adding more over time when they pop out of the woodwork.

4. Ireland’s WEF members are drawn from all walks of life but can be split into 2 separate areas. The WEF calls the first category “people” and the 2nd one “agenda contributors”. In total Ireland has a minimum of 61 members. Some of the names will be familiar and others will not

5. In this thread I’m just going to concentrate on the 21 people (there are probably a lot more). There are also 40 “agenda contributors” which I will cover in a separate thread. The agenda contributors are those who write articles or do research for the WEF site.
ECONOMY


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