BC CRYPTO
Saved by @Mollyycolllinss

The new age of privacy, and the crypto ecosystem that will enable it.

A Thread.
$XHV $SCRT $RUNE
1/

 Throughout my research, @HavenXHV The Haven protocol renewed my faith, that privacy wasn't just a temporary trend, but something with actual, sustainability. The creation of a private bank, exchange, and access to real world assets in completely privacy of my own vault. $XHV
2/
Haven's offering to the world, with it's private assets $xUSD $xEUR $xGOLD and xSilver, made me research what else can be done privately, now that I have private stable coin options. My first question was, if I wanted to sell my private assets, how would I do it? $XHV
3/
It didn't take me long before I discovered $RUNE and @thorchain_org and their cross chain liquidity pools and decentralized exchange capabilities. How anyone can offer liquidity and earn rewards and trading fees for doing so. But also,how all trading pairs,are interchangable.
4/
This made me realize that as Thorchain grows in popularity,they will provide the ability for everyone, across the cryptosphere,to trade any coin for any coin. Kind of like uniswap, but cross chain,and outside, yet including, the erc-20 ecosystem. It's uniswap on steroids. $XHV
5/
It's the Binance of decentralized exchanges, and that is no small feat, yet it's much needed in a world where centralized exchanges track everything we do, giving us no privacy over our own trades, freezing our funds when they feel like it. This does not happen with Thorchain.
6/
Thorchain will be the liquidity provider for $XHV,and its primary stable coin $xUSD. Since XHV and its ecosystem of xAssets are entirely private,you can now move between chains,without worry or wait time,of minting back to $XHV and finding enough liquidity on an open exchange.
7/
Being able to move between private xUSD to any chain through thorchain,is a freedom that is much needed for many people across the world. It will give people the ability to keep their funds private and accessible only by them,while still granting them access to all coins. $RUNE
8
So now I had my own plan, use the $XHV haven protocol as my bank for my crypto gains, to keep funds safe and private, while using Thorchain to grant exposure to other coins as needed. Not to mention, having fun with xAssets getting exposure to real world assets privately.
9/
However, I wanted to dig deeper, what else was being built that would be cool and support the new world of privacy? Lo and behold, I stumbled across the @SecretNetwork .... A network aimed at creating private smart contracts and making erc-20 tokens private! $XHV $RUNE $SCRT
10/
The secret network allows you to turn your eth or your erc-20 token into a private token. For example, USDT goes onto the secret bridge, and become $sUSDT. From there, it can be traded to other secret address, without being traced, or amounts being seen. $SCRT $XHV $RUNE
11/
The secret network is also coming out with its own AMM enabling swaps for different secret tokens,such as $sUSDT for $sETH.Eventually through thorchain,youll be able to trade your private erc20 tokens,directly for $xUSD or $XHV or $XMR.Private eth-erc20 for crosschain privacy.
12
Yes, you understood that right, I'm talking about cross chain private interoperability. Do you see the brilliance of this? All three of these networks are needed to make this happen. Secret networks private eth-erc20 combined with thorchains liquidity and haven's privacy.
$XHV
13
These are matches made in heaven. The coming future of privacy will include all three of these vital players. They all need each other, and they all compliment each other, and they'll all succeed because even on their own, they're brilliant ideas. $XHV $RUNE $SCRT
14/
The secret network alone, has many use cases for private smart contracts that can benefit businesses and individuals around the globe. Haven is the private banking system of the future, and thorchain is the next binance. $XHV $RUNE $SCRT
15/
Not all cryptos will survive the coming years. Many won't. However these three coins will, because of the freedom and abilities they offer. The world has never seen such liberation for the individual to truly take control of their own financial destiny. $XHV $RUNE $SCRT
16/
The sky is the limit for these coins, as people come to understand the true value of privacy, which is why many are currently flocking to signal, and away from what's app and facebook, because our privacy is being totally disrespected by big corporations. $XHV $SCRT $RUNE
17/
The need for privacy will continue to grow as people realize they are being mined for every ounce of data that can provide a profit to the highest bidder and not getting a single penny of it back. These three networks give you your power back, and liberate you from tyranny.
18/
The future is private. Get on board. Do your own research, and you'll get a glimpse of a beautiful future!
$RUNE $XHV $SCRT
19/
If you like my threads, I am happily accepting donations.

XHV: hvxxzdu8yTP5WojajKquqJGxwCn4acrgtTkxUTmvbchj6hyvQLKhkKA1XR7mTLCzLx3r7sJkDQGVbeewHqd36NFs58xLrdTnE4

BTC:
13Fqxb3qMUtyH12esj5jRcjBVP5eYSTuqN

ETH
0x3137FC6c9858790e1C988f4784FC519c1f25c16b

Thank you for reading!

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Think crypto is confusing?

You're right.

Let's make it easier.

Here's Crypto Terminology 101: 🧵

Altcoin:

Any coin that's not #Bitcoin

Ether (#ETH) is the second most popular coin overall and the most well-known Altcoin.

Ether is the native cryptocurrency on the Ethereum blockchain.

There are thousands of other altcoins, but for now, this is the one to know.

Bitcoin: (#BTC)

The first decentralized digital currency.

Launched in 2009 by an unknown person or organization known only as "Satoshi Nakamoto."

It is the most famous, and most valuable cryptocurrency.

Blockchain:

The core tech behind Bitcoin and most other cryptocurrencies.

An open, distributed, general ledger where transactions are organized into blocks which are then connected using cryptography.

Coin:

A store of digital value that lives on a blockchain.

Some blockchains, such as Bitcoin, use the same name for both the network and the coin.

Stable coins are another type of cryptocurrency which are backed by fiat currency (e.g the US dollar) or commodities such as Gold.
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Simon DeDeo
Simon DeDeo
@SimonDeDeo
Someone tosses a coin ten times; it comes up heads every time. What's the probability it comes up heads on the next toss? (Pretty darn high—part of @nntaleb's work is unprogramming you from your high-school rules of thumb.) Now consider the (related) Gambler's fallacy...

In this case, it's a theory about compensation: the worse one's luck is, the more likely it is to see a reversal. On the surface, it's irrational. The more bad luck you have, the more you accumulate evidence that the system is rigged.

But there's also an anthropic component. If the luck is bad enough, it starts to become inconsistent with your survival. You've accumulated evidence for correlations in the environment, but these correlations (may be) inconsistent with (people like you) being in this environment.

An example. You're in a city where everyone takes public transport. You encounter a string of bad delays. It's reasonable to conclude they'll end—otherwise people wouldn't take public transport. It's unlikely that you happened to show up right when the network collapses.

Of course, that's a bad heuristic in a casino, which relies on a constant influx of losers. But in other environments, particularly with persistent populations and no evidence for sudden changes in the underlying laws, it makes sense.
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Advertisement
XRPatience
XRPatience
@xrpartisan
1/22 Why XRP will beat Bitcoin.

(Video version @ https://t.co/VIHEoHLYpN)

A thread. 👇


2/22 Despite last night's major Bitcoin correction, it still sits at $33k, well above the last bull run's all time high. With XRP currently at $0.28, it may seem rather ridiculous to think XRP will ever become #1.


3/22 However, it's important to compare Bitcoin and XRP not in terms of price, but market cap. That's because there are 100 billion XRP (and will never be more) and 19 million circulating Bitcoin (21 million max). So comparing the price of individual tokens doesn't work.


4/22 XRP's market cap is $12.6 billion. Bitcoin's is $623 (roughly 50x more, 55x if you factor in the 2 million Bitcoin not yet mined). That's a huge lead, but not as big as the 119,000x lead if you compare token price!


5/22 Bitcoin's primary advantage is its early adoption. It caught on earlier and became the front runner of crypto. Don't underestimate the power of being first. It gives a massive advantage. But it doesn't GUARANTEE being the winner long-term.
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Seq
Seq
@CryptoSeq
1/ @MIT discussing the need for blockchain gateways to achieve interoperability across different blockchain networks, and to support the cross-blockchain mobility of virtual assets

https://t.co/PbjQkSlTT3

@quant_network are collaborating with MIT in the creation of ODAP

$QNT

2/ "In order for blockchain-based services to scale globally, blockchain networks must be able to interoperate with one another following a standardized protocol and interfaces (APIs)"

Gilbert founded ISO TC307 which 60 countries are working towards standardizing the interfaces


3/ "We believe that a blockchain gateway is needed for blockchain networks to interoperate in a manner similar
to border gateway routers in IP networks. Just as border gateway routers use the BGPv4 protocol to interact with one another in a peered fashion we believe that a...

4/ blockchain gateway protocol will be needed to permit the movement of virtual assets and related information across blockchain networks in a secure and privacy-preserving manner"

You can read more about the gateway protocol ODAP in this 21 tweet


5/
"We motivate the need for blockchain gateways and blockchain gateway protocols in the following summary:

✅Enables blockchain interoperability:
Blockchain gateways provide an interface for the interoperability between blockchain/DLT systems that operate distinct consensus...
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Jonty Wareing
Jonty Wareing
@jonty
Out of curiosity I dug into how NFT's actually reference the media you're "buying" and my eyebrows are now orbiting the moon

Short version:

The NFT token you bought either points to a URL on the internet, or an IPFS hash. In most circumstances it references an IPFS gateway on the internet run by the startup you bought the NFT from.

Oh, and that URL is not the media. That URL is a JSON metadata file

Here's an example. This artwork is by Beeple and sold via Nifty:

https://t.co/TlJKH8kAew

The NFT token is for this JSON file hosted directly on Nifty's servers:

https://t.co/GQUaCnObvX


THAT file refers to the actual media you just "bought". Which in this case is hosted via a @cloudinary CDN, served by Nifty's servers again.

So if Nifty goes bust, your token is now worthless. It refers to nothing. This can't be changed.

"But you said some use IPFS!"

Let's look at the $65m Beeple, sold by Christies. Fancy.

https://t.co/1G9nCAdetk

That NFT token refers directly to an IPFS hash (https://t.co/QUdtdgtssH). We can take that IPFS hash and fetch the JSON metadata using a public gateway:

https://t.co/CoML7psBhF
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सा विद्या या विमुक्तये...
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प्रथम भाव -
इस भाव से हम व्यक्ति की रोगप्रतिरोधक क्षमता, सिर, मष्तिस्क का विचार करते हैं।


द्वितीय भाव-
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The best way to know if people like your product is NOT:

- Have a lot of emails in the waiting list
- Become #1 on PH
- Become #1 of HN or Reddit
- Have people that saing "I'll pay"
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The best way to know if they're actually pay for it.

The only thing that matters is your product providing a value, and you can't know this until people will pay money for it.

We can have a first signal of a product/market fit after the launch by check how many sales we've got in the first 24h. Some scale:

200+ This has a high potential.
100+: This has a potential.
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10+: People almost don't need it.
0+: People don't need it.

This is for a single time payment product. For a subscription probably it should be less because people hate subscription.

And obviously, you should have a lot of traffic like 3-5k+.

Here is a stat for my products (macOS apps) for the first 24h after the launch:
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You want to know something about how bullshit insane our brains are?
OK, so there's a physical problem with our eyes: We move them in short fast bursts called "saccades", right? very quick, synchronized movements.
The only problem is: they go all blurry and useless during this

having your vision turn into a blurry mess every time you move your eyes is obviously not a good idea, so our brains hide it from us. Now, imagine you're an engineer and you have this problem.

You've got some obvious solutions you could do.
1. make the vision go black during movement. (Some VR games do this!)
2. just keep showing the last thing we saw prior to movement

both are good options with different downsides, but OH NO. this is assuming everything makes sense and is chronological and (regular) logical.
Your brain does neither of these options, really.

first, it basically puts your visual system on "pause". You're not seeing blackness or even nothing, you're just not seeing period.
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