1/18 How Flare makes you richer by encouraging participation in the network, making it better over time.

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

A thread. 👇

2/18 Imagine you lived in a country with a really high inflation rate, say 10%. That would be awful wouldn't it? Every year your money would be worth 10% less, so you'd have to hustle to earn at least 10% more each year just to break even.
3/18 But what if this country paid you to vote? Every month there was some kind of election, and if you participated by voting, you would get paid. Participating in all of the elections was enough to not only offset the 10% inflation, but get you a bit more buying power.
4/18 That's a pretty cool way to encourage people's participation in the democracy, right? But it wouldn't necessarily make the country better. A lot of people would probably just vote for anybody so they could get the reward and go home.
5/18 But what if the reward only went to the people who voted for the people that were most likely the best candidates? The people who got the most votes in the end are (democratically speaking) the best, and if you voted for one of THOSE people you'd get the reward.
6/18 That would encourage people to research the candidates to see who had the best/most popular ideas and platforms. If everyone learned about the merits of each candidate (or lack thereof), the citizenry would be much better informed. Huge benefit!
7/18 The people who just randomly vote for somebody risk not getting the reward, so ignorance and apathy are disincentivized. Imagine how much political FUD would be avoided if everyone was paid to be well informed? You can't trick informed people with FUD so easily.
8/18 This imaginary country is the Flare Network! Flare has an Oracle system, the inflation element of the network. Oracles are third-party services that provide smart contracts with external information. They serve as bridges between blockchains and the outside world.
9/18 Blockchains/smart contracts can't access off-chain data, but Oracles can, and they provide that data to Flare. Spark (FLR) holders contribute votes/data for a price (either themselves or by delegating their vote to a 3rd party).
10/18 For instance, the FLR/XRP price is voted on by Spark holders. That's an important price because it dictates the amount of collateral that's held against the XRP contract, so determining the right price for it is crucial to its success.
11/18 The Oracle system is the heart of Flare, and it's inflationary. The inflation is 10% per year. Inflation wasn't required (unlike with POW/POS), but the Flare team saw the inflation as a way to encourage user participation that gives the network utility.
12/18 If you vote for a fair price (near the center of all votes), you get rewarded. If you're greedy and vote too high (trying to get more $ for your Spark), or too low (trying to make it cheaper for yourself to buy with your XRP), you won't get the reward.
13/18 If you consistently cast poor votes your value gets inflated away due to the lack of rewards. While the reasonable people in the middle are earning more Spark, your Spark level doesn't change, therefore losing value as more Spark gets distributed.
14/18 The idea is that Flare expects people to participate w/votes, and it weeds out bad actors by inflating away their Spark value. It's a slow process, but over time it rewards the good and takes away from the bad, improving the network quality.
15/18 Whereas Bitcoin has a fixed supply (21 million max), encouraging HOLDing without providing utility, Flare says you're a citizen of the network, and if you want to maintain your standing/citizenship, you need to bring utility to Flare by voting and providing Oracle data.
16/18 When I first read about Flare's inflation rate of 10%, I thought it was terrible b/c it would dilute the value of each Spark token year after year. Once I understood what the inflation was used for, however, I realized how truly brilliant the idea really is.
17/18 SUMMARY: Flare's inflation rate is 10%/yr. You earn Spark by voting on prices. The more Spark you have, the more votes you get. Voting for reasonable prices gets you a reward. This process weeds out bad actors by inflating away their value over time. It's brilliant.
18/18 STRONGLY RECOMMENDED: Watch the excellent interview of @HugoPhilion (CEO of @FlareNetworks) by @Santiag78758327. https://t.co/99UUH2m1wa
👀☝️🙏 @xrp_mami @RuleXRP @MackAttackXRP @CryptoBull2020 @Kevin_Cage_ @XRP_OWL_ @XRPNews_ @2020Xrp @RoseXRP @CredibleCrypto @XRPcryptowolf @BankXRP @XRPNurse @DualityXrp @MoonLamboio @WorkingMoneyCH @BakkupBradley @sentosumosaba @Santiag78758327 @jungleincxrp
More XRP/crypto explainer threads. https://t.co/4DikZmD84I
See my explainer threads as videos on my YouTube channel. https://t.co/Twb95p83gE

More from Politics

My piece in the NY Times today: "the Trump administration is denying applications submitted to the United States Citizenship and Immigration Services at a rate 37 percent higher than the Obama administration did in 2016."

Based on this analysis: "Denials for immigration benefits—travel documents, work permits, green cards, worker petitions, etc.—increased 37 percent since FY 2016. On an absolute basis, FY 2018 will see more than about 155,000 more denials than FY 2016."
https://t.co/Bl0naOO0sh


"This increase in denials cannot be credited to an overall rise in applications. In fact, the total number of applications so far this year is 2 percent lower than in 2016. It could be that the higher denial rate is also discouraging some people from applying at all.."

Thanks to @gsiskind for his insightful comments. The increase in denials, he said, is “significant enough to make one think that Congress must have passed legislation changing the requirements. But we know they have not.”

My conclusion:
THREAD

1)
@SidneyPowell1 reflects on #Iran’s meddling in the U.S. in a recent tweet to U.S. President Donald Trump.

This thread focuses on Iran’s dangerous influence in the U.S., especially through its DC-based lobby group


2)
Why is this important?

@DNI_Ratcliffe "told CBS News that there was foreign election interference by China, #Iran & Russia in November of this year [2020]."

All Americans should be informed about how Iran & its lobby group NIAC are meddling in the


3)
#Iran has been increasingly aiming to interfere in U.S. elections specifically through NIAC.

DNI John Ratcliffe had previously shed light on this vital


4)
NIAC is a lobby group in the U.S. pushing Iran’s talking points.

Listen to this Iranian regime insider explain that NIAC was established by @JZarif, the foreign minister of


5)
@tparsi is the official founder of NIAC in the U.S.

Listen to how Trita Parsi parrots Zarif’s talking

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कुंडली में 12 भाव होते हैं। कैसे ज्योतिष द्वारा रोग के आंकलन करते समय कुंडली के विभिन्न भावों से गणना करते हैं आज इस पर चर्चा करेंगे।
कुण्डली को कालपुरुष की संज्ञा देकर इसमें शरीर के अंगों को स्थापित कर उनसे रोग, रोगेश, रोग को बढ़ाने घटाने वाले ग्रह


रोग की स्थिति में उत्प्रेरक का कार्य करने वाले ग्रह, आयुर्वेदिक/ऐलोपैथी/होमियोपैथी में से कौन कारगर होगा इसका आँकलन, रक्त विकार, रक्त और आपरेशन की स्थिति, कौन सा आंतरिक या बाहरी अंग प्रभावित होगा इत्यादि गणना करने में कुंडली का प्रयोग किया जाता है।


मेडिकल ज्योतिष में आज के समय में Dr. K. S. Charak का नाम निर्विवाद रूप से प्रथम स्थान रखता है। उनकी लिखी कई पुस्तकें आज इस क्षेत्र में नए ज्योतिषों का मार्गदर्शन कर रही हैं।
प्रथम भाव -
इस भाव से हम व्यक्ति की रोगप्रतिरोधक क्षमता, सिर, मष्तिस्क का विचार करते हैं।


द्वितीय भाव-
दाहिना नेत्र, मुख, वाणी, नाक, गर्दन व गले के ऊपरी भाग का विचार होता है।
तृतीय भाव-
अस्थि, गला,कान, हाथ, कंधे व छाती के आंतरिक अंगों का शुरुआती भाग इत्यादि।

चतुर्थ भाव- छाती व इसके आंतरिक अंग, जातक की मानसिक स्थिति/प्रकृति, स्तन आदि की गणना की जाती है


पंचम भाव-
जातक की बुद्धि व उसकी तीव्रता,पीठ, पसलियां,पेट, हृदय की स्थिति आंकलन में प्रयोग होता है।

षष्ठ भाव-
रोग भाव कहा जाता है। कुंडली मे इसके तत्कालिक भाव स्वामी, कालपुरुष कुंडली के स्वामी, दृष्टि संबंध, रोगेश की स्थिति, रोगेश के नक्षत्र औऱ रोगेश व भाव की डिग्री इत्यादि।