BC CRYPTO
Saved by @Mollyycolllinss

1/20 Stablecoin Tweetstorm- I have a fairly unique perspective on stablecoins... I was an "unofficial advisor" to the launch of USDT (Tether) Some of my best friends were CEO/CTO/Founders, etc. I didn't invest at the time (which was a lucky move) as the company sold

 2/20 for a loss to Bitfinex within two years of creation. It had very little usage, banking issues, and really no clear path to growth (that is until one of the largest exchanges on earth began using it) So with this short background let me share a bit of my thoughts on
3/20 this category and why I think it is so important... (Full Disclosure: after all these years I finally found a stablecoin project that I thought was worth investing in and i will be shilling it later in this thread:-)
4/20 The community knows all about how important stablecoins are to the overall health and usage of the entire crypto marketplace. With an overall market cap of in excess of $1 Trillion the crypto market is large and growing... No category of crypto is growing faster than
5/20 Stablecoins: With a total category value of just over $33B and over $10B per day in trade volume it is no longer just a "niche" Stablecoins are a major category and I predict this category will increase in value faster then the overall crypto market. (My bet is $100B
6/20 in stablecoin assets within the next 12-24 months) This is a 150% to 300% YoY return BUT here is where my thesis gets extremely interesting... The 800 LB Gorilla in this room is USDT taking up 90% of the market cap and over 98% of the trade volume it appears
7/20 to be swallowing the entire category... BUT as everyone knows USDT is on VERY shaky grounds and is ripe to get overtaken by one (or more) of the challengers to the throne (if you don't understand why please google "tether lawsuit" and come back to this thread)
8/20 So here we have a potential $100B++ asset category dominated by a very shaky leader. (Note: I actually believe this becomes a $1T asset class but thats not for another 5+ years) let me thank @MessariCrypto for this screenshot:
9/20 Top 10 stablecoins (+1 special extra which you will all learn a bit more about soon) :-)
10/20 looking at the previous screen grab something should jump out at you. It's #9 ESD You may be asking yourself why is ESD listed as a stablecoin when it's trading for .37 cents? Answer it is the largest of a new type of stablecoins called "Fractional Algorithmic" stablecoin
11/20 at a high level Fractional algorithmic means there is some type of asset (maybe USDC, TUSD, etc) that is used to set a "peg" of (normally $1 USD) and the first company to successfully launch a fractional algorithmic stablecoin that hits its $1 peg can be a huge HUGE winner
12/20 In fact back in 2018 Basis launched with over $130M in investor funding from the largest firms in silicon valley. I was given the option of investing in this and passed. (Lucky again!) it turns out, in December 2018 Basis shut down and returned investor capital-at a loss
13/20 here is the link to the whole "Basis" saga (This was huge news in the day) Basis Stablecoin Confirms Shutdown, Blaming ‘Regulatory Constraints’ https://t.co/xYKaLP9xsa via @coindesk
14/20 So now that we have some history let me discuss this entire category broadly: $100B + potential, ready for massive growth... how can "we" participate? The current leaders are ALL centralized and unless we happen to be shareholders of Bitfinex, (Tether) Goldman Sachs (USDC)
15/20 etc... we cannot really participate. But wait... There is this new category led by @fraxfinance and @samkazemian here is how it works: the FRAX token is pegged to $1 USD while the FXS governance token can and will have wild swings in value
16/20 The genius of this FRAX system is in how the team structured the peg: Sort of a combination of Basis and Maker with a governance token similar to UNI. This new breed of stablecoin has never lost its peg, while the FXS token has gone from $3 to $28 and back to $5 the
17/20 all-important $1 value of FRAX has never wavered. It appears the market is starting to wake up to this project. There is finally an opportunity for everyone to participate in a decentralized algorithmic stablecoin and share in the upside. Why would ANYONE
18/20 continue to hold their funds in @Tether_to or any of the other centralized stablecoins? They are literally making Bitfinex, Goldman Sachs, and other centralized entities billions of dollars in profits. I believe 2021 will be the year
19/20 that decentralized algorithmic stablecoins take off. Led by FRAX and governed by all of us who hold those precious FXS tokens.
Thanks to @samkazemian @SushiSwap @UniswapProtocol for helping bring this amazing project to life... I continue to pour liquidity into the 3 year locked pools: I cant wait to watch FRAX grow and see where it goes from here! DeFi is here to stay and stablecoins will power DeFi...

More from Crypto

Phoenix
Phoenix
@Phoenix_Ash3s
1/29 #Bitcoin thread, updated version

We’ve doubled since the last time I updated this thread, so I thought it would be of some value to update it. Feeling insecure about price action? Too enthusiastic/scared? Maybe this helps a bit, go check it out!

TLDR at 27-29
Let’s go!🔥

2/ 2 Year MA Multiplier
This indicator uses the 2Y MA. Green line is the 2Y MA, red is the same MA x5

2ya MA multiplier is rising and at ~48k rn. Price goes parabolic. I would personally love to get a decent correction, would give more space for growth long term imho.


3/ Relative Unrealized P/L
Paper p/l in $Btc. Use it to track investor sentiment.
Market is overheating, everybody is in paper profits, but as you can see “we” as a whole take too less profit. We can stay around greed for a whole year, but a correction at this point makes sense


4/ 200 Week MA Heatmap
#Bitcoin likes to bottom out near the 200W MA
Colors are attached to % increase of MA
Blue/purple = Buying opportunity
Orange/red = TP opportunity
The bigger the distraction, the more parabolic price goes, simply said
First green coming(?) Room for growth


5/ MVRV Z-score.
To identify periods when $Btc is extremely under/overvalued.

Green= MV unusually far below RV, buying opp
Red=MV unusually high above RV, TP opp.

Now: heating up. Correction first to cool it off plz :)
Nice uptick in realized value.
CRYPTO
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
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Rachel "The Doc" Bitecofer \U0001f4c8\U0001f52d\U0001f34c
Rachel "The Doc" Bitec...
@RachelBitecofer
1. IMP ANNOUNCEMENT

I want to let you know when I made the decision to launch @StrikePac & directly get into electioneering I realized I wasn't going to continue issuing "race ratings" & "forecasts" each cycle- OBV that's a conflict of interest!

The hostility & sexism of

2. that world, I have to be honest, makes it very easy to walk away- the misogyny in the top tier of the election analysis community outside of @Center4Politics folks who are awesome & also more accurate than anyone else is intolerable. I'll still analyze politics, political

3. events, issue commentary, write articles, run the pod, go on TV, and generally succeed in ways that drive those men nuts but no, I won't be putting out ratings or "forecasts" anymore. Now, lots of people are asking me "what's going to happen in 2022?" The Midterm Effect, the

4. the long standing pattern of the president's party losing seats in the Midterm happens virtually every single cycle. I believe there are 2 recent exceptions: post-9/11 in the 2022 midterms and 1998 post-Lewinski gate. What I'm trying to do in building @StrikePac is completely

5. redesign/overhaul/modernize & reshape the way that Dems currently approach electioneering. I want to build a new organization with the funds capable of coming into cycle's like VA's 2021 cycle and the 2022 midterm cycle and start to deploy these new methodologies into the
CRYPTO
I'm just a doggie boi
I'm just a doggie boi
@fubuloubu
I'm sure someone else has explained this, but it is just so cool and I want to explain how this works.


So Curve is awesome for swaps between similar assets, right? The fact that they trade very close to each other is a key part about how Curve works, using it's custom swap invariant function.

That's step 1

Step 2 is that Synthetix is awesome for creating "synthetic assets" (aka synths) which are assets that trade like other assets, that are backed by another, entirely different asset. Basically, a plastic banana that I can buy and sell like a real banana.

Synthetix has a feature that lets you swap between any two synths with zero slippage and a flat fee. That's because it is simply converting the sythentic asset into another synthetic asset, the backing for the synth doesn't change it just uses a different price oracle now.

This is important. Absolutely no slippage, at any size

Swap $1m sUSD for $1m sBTC? flat 0.3% fee

Swap $10m sUSD for $10m sBTC? flat 0.3% fee

swap $100m sUSD for $100m sBTC? Well, there isn't that many synths in Curve, yet but you get the point. The only limit is the pool depth
CRYPTO
Trolly McTrollface
Trolly McTrollface
@Tr0llyTr0llFace
On the importance of leverage for the crypto ecosystem.
A long time ago, BNP Paribas bought a retail forex exchange, because they thought they'd get an insight into forex trading flows and positions. What they quickly discovered, is that the website was a muppet slaughterhouse.


People would get stopped out ALL THE TIME because they used too much leverage. Over 90% of them lost money in a consistent way. Those are worse than even casino odds.
That's why around 2005, you had so many forex trading websites popping up. They would offer up to 500x leverage.

The higher the leverage, the better (for the website).
This became such a huge trend that regulators stepped in, and introduced maximum leverage rules. Something like x30 for forex, if I remember correctly. All of a sudden, all the ads and Premier League sponsorships vanished.

Forex gambling is still around, but not nearly as profitable, because it takes time for people to lose their money with a pitiful x30 leverage. Currencies usually don't move by 3% in a day. It can take weeks for an amateur trader to lose it all. Plus the adrenaline rush is gone.

Enter crypto.
It's hard to explain how one-sided leveraged crypto trading is. Traders don't stand a chance. With currencies, you could expect to extract SOME money from real world flows. In crypto, there are no real world flows. It's just traders against traders against insiders.
CRYPTO

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Talha
Talha
@dhiblawe1990
Thread: History of Mogadishu and it’s conquest by Imaam Al Yaqubi


One of the First Imaams of the Hiraab Imamate was Mohamed Ibn Imaam Ahmed ibn Imam Ahmed Ibn Imaam Mohamoud Ibn Imaam Cumar Halol Al Yacquubi (Abgaal) during the year 1097 hijri.


After the collapse of the Ajuuran Abgaal nomads from the interior had started moving to take over the strategic port town of Mogadishu which was then under the muzzafar dynasty. By the 1600s Abgaal warriors had captured the city and set up their base in shingaani.


Mogadishu at the time was a large and well known port town. The Abgaal clan taking over control allowed them to obtain political power and world wide recognition.


Under Imaam Yaqubi’s time in power it’s reported that French merchants had arrived at the port in 1701
and stayed for 11 days. They had attempted to take the city but were successfully repulsed.
HISTORY
Priyanka (Astrology Guidance)
Priyanka (Astrology Gu...
@AstroAmigo
1

From today, we will memorize the names of 27 Nakshatras in Vedic Jyotish to never forget in life.

I will write 4 names. Repeat them in SAME sequence twice in morning, noon, evening. Each day, revise new names + recall all previously learnt names.

Pls RT if you are in.

2

Today's Nakshatras are:-

1. Ashwini - अश्विनी

2. Bharani - भरणी

3. Krittika - कृत्तिका

4. Rohini - रोहिणी

Ashwini - अश्विनी is the FIRST Nakshatra.

Repeat these names TWICE now, tomorrow morning, noon and evening. Like this tweet if you have revised 8 times as told.

3

Today's Nakshatras are:-

5. Mrigashira - मृगशिरा

6. Ardra - आर्द्रा

7. Punarvasu - पुनर्वसु

8. Pushya - पुष्य

First recall previously learnt Nakshatras twice. Then recite these TWICE now, tomorrow morning, noon & evening in SAME order. Like this tweet only after doing so.

4

Today's Nakshatras are:-

9. Ashlesha - अश्लेषा

10. Magha - मघा

11. Purvaphalguni - पूर्वाफाल्गुनी

12. Uttaraphalguni - उत्तराफाल्गुनी

Purva means that comes before (P se Purva, P se pehele), and Uttara comes later.

Read next tweet too.

5

Purva, Uttara prefixes come in other Nakshatras too. Purva= pehele wala. Remember.

First recall previously learnt 8 Nakshatras twice. Then recite those in Tweet #4 TWICE now, tomorrow morning, noon & evening in SAME order. Like this tweet if you have read Tweets #4 & 5, both.
VEDICNAKSHATRA
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Noah Smith
Noah Smith
@Noahpinion
1/People I know on the Right tend to be obsessed with the idea of "crimethink", taboos, and the (supposedly) oppressive, omnipresent enforcement of liberal cultural norms.

Why?

My new theory: A lot of it is guilt.

2/It's true that in some circles - the media, universities, many big corporations - liberal norms *are* enforced to some degree, and the enforcement has probably gotten stronger in recent years.

But I don't think this explains all of the Right's obsession.

3/The stereotype is that people on the Right tend to be more threat-sensitive. That would help explain the perception that liberal norm-enforcers are lurking everywhere, ready to pounce and anathematize anyone who makes a misstep.

But I don't think that's all of it either.

4/And of course, it's always fun - whether you're on the Right or the Left, or playing a video game, or whatever - to style yourself as the brave iconoclastic rebel fighting against the oppressive forces of blah blah blah.

But I don't think this is all of it, either.

5/The reason I think it's more than these things is that even *in private*, people on the Right express their "crimethink" ideas very gingerly and hesitantly.

I get the sense that they're not just afraid of external censure, but have also internalized liberal norms.
SOCIETY
Tej Dosa \U0001f602\U0001f9e0
Tej Dosa 😂🧠...
@ComedicBizman
(A THREAD)

18 Things I Would Do At 18:

I was a dumb 18-year-old. I thought I had the world figured out. I didn't.

I stayed up till the wee hours. Drank every liquor invented.

Partied non-stop. Woke up after noon.

Surfed the web aimlessly.

Read BS self-help.

Repeat.

If I could do it all over again, here's 18 things I would do...

PHASE ONE: GET MY MIND RIGHT

ACTION #1: Break the chains - I wish I made the decision earlier. I didn't. I was scared. Anxious. Nervous. I knew once I made the decision, there was no going back.

Don't be like me.

Make the decision at 18. The decision to pave your own path in life. To go against the herd. To choose your own adventure. To commit to whatever sets your heart on fire.

ACTION #2: Cut off every negative person in your life.

Scroll through the contacts in your phone...

Notice how the names make you feel.

Delete any and all names that fill you with doubt and negativity.

ACTION #3: Condition your mind to embrace the producer mindset instead of the consumer mindset.

Consume 20% of the time. Produce 80% of the time.

Case closed.

ACTION #4: Set an intention to make $10k a month and write it out every MORNING and NIGHT as if you already achieved it (in the past tense).

Visualize yourself already having the money as you write.

Cheesy?

Yes.

Does it work?

Yes.

PHASE TWO: EDUCATION
LIFE
dan spaceman
dan spaceman
@ohlaika
I'm gonna do my other star wars thread tomorrow, which will primarily be me yelling at a @RowanKaiser-shaped strawman for calling the First Order and The Resistance "cosplayers who the rest of the galaxy has to deal with"

the deal w/the New Republic, the First Order, and the Resistance is very weird and complex and I actually take issue with how Story Group frames the actual conflict.

pre-TFA stuff is presented as a "cold war" between the New Republic and the remnants of the Empire that form the First Order, which 100% makes sense.

But they frame the First Order's attack on the Hosnian system and the subsequent battle that takes place across TFA and TLJ as a full on war when it's very clearly a coup. A war implies at least equal standing, but the First Order completely wrecks shop and takes over the galaxy.

ok never mind I'm fucking doing this now.

The First Order fleet we see in TLJ is *not* the entire fleet of the First Order (I don't even think Starkiller Base was their main base of operations honestly, it couldn't have been considering they were operating out of Wild Space)
CULTURE


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