Election day in US; to skip the politics and get straight to the money, here's our quarterly update. How do gold, silver, and government fiat money compare with bitcoin's 21 million? #Bitcoin is the 10th largest money in the world, ex-gold & silver. This is update #10.
Gold: 1.8% (39 yr-doubling)
Silver: 1.5% (48 yr-doubling)
US$: 8.9% (8 yr-doubling)
Global fiat: 12.3% (6 yr-doubling)
Bitcoin: From now until 2141: 0.1%... compounded.
Tips in $BTC preferred and can be made here: https://t.co/xyvl2bjKIs
More from Crypto
A moment wholly unique in the history of markets.
Are you ready for what comes next? 👇
2/ A perfect storm of demand dynamics is driving #Bitcoin price.
I think something shifted in the market -- and active investors & traders would do well to adjust their mindset.
3/ After years asleep at the wheel, institutional leaders are now jarred awake, en masse.
If they want this asset: they'll have to hustle, compete with the masses and FOMO in above ATH's.
Against a backdrop of scarcity unlike anything they've ever seen.
4/ They will buy *all* dips.
Their bots will not stop buying.
There isn't enough supply for all of them, and they know it.
5/ And the whales who accumulated much lower?
How much appetite will strong hands have to market sell, just to run stops?
In the opening hours of the greatest bull market of their lives.
In a liquidity crisis.
(Video version @ https://t.co/7zJCuKrpqx)
A thread. 👇
2/20 On a normal day outside a bull run, Bitcoin takes ~10 mins to transfer, at a cost of about $0.50. Any time network activity ramps up, those times and fees multiply. Bitcoin's Proof of Work system is painfully slow and can only handle 7 transactions per second.
3/20 To attempt to solve this problem, the Lightning Network is being developed. It's a 2nd layer network that sits on top of Bitcoin's blockchain. It's been in the works since 2015. Yes, 6 years. Do you know anybody who uses it? Me, either, but I'll get to that.
4/20 Lightning works by opening "channels" between parties. Those parties can perform as many Bitcoin transactions as needed and then close the channel. Because the transactions aren't written to the Bitcoin blockchain until the channel is closed, it's much faster.
5/20 Individual payment channels between various parties combine to form a network of lightning nodes that can route transactions among themselves. The resulting interconnections between various payment channels is the Lightning Network.
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
Bitcoin answers that question.
1/11— Michael Pettis (@michaelxpettis) January 11, 2021
An article worth thinking about: \u201cAs changes to the world structure accelerate, China\u2019s rule is in sharp contrast with the turmoil in the West,\u201d says Beijing.
I agree, but I draw a different conclusion. The world is certainly currently going...https://t.co/ugha7ygqqx
World economies currently suffer four major redistribution challenges:
The most important is increasing government stealth use of the monetary system to confiscate assets from productive actors.
That process is exacerbated by "Cantillon Effect" transfers to interest groups close to government ("the entitled class," public sector workers, the medical industrial complex, academia, etc....), which is destroying much of that wealth /3
The shadow nature (see Keynes) of government inflation makes the process unidentifiable, un-addressable and undemocratic.
The biggest victims (America's poorly educated young) are unequipped to counter generational confiscation tactics of today's wily senior beneficiaries. /4
Government control of the numéraire in key economic statistics (GDP, inflation, etc...) makes it impossible for economic actors to measure progress and liabilities. /5
Vitalik famously posed this question in late 2017, when the crypto market cap first reached $500 billion.
We're past $1 trillion now. Let's see what has changed in crypto, especially in Ethereum and DeFi, since then.
A thread. 👇
2017 and 2018 were marked by vaporware.
Projects like Dentacoin, which promised, uhhh, great things but had little to show for it, garnered hundreds of millions in value.
Look where they are now.
Literal billions in market cap reduced to ashes. And that's good.
We've seen the capital allocated to these ghost projects seemingly flood toward quality.
Bitcoin dominance currently sits at 67% after bottoming at 33% in January 2018.
Ethereum dominance is also up from its lows.
Projects with big promises and no execution were flushed out.
Not all of the vaporware has been flushed out.
Many coins in the top 50 have yet to deliver on promises they made years ago.
But this is changing as coins like AAVE and SNX enter the crypto market's top 20.
Not much has changed about bitcoin on a technical basis, but on a fundamental basis, I think it's stronger than ever.
The confluence of money printing, political uncertainty, and more is driving the need for a scarce reserve asset not controlled by any central party.
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One of the oddest features of the Labour tax row is how raising allowances, which the media allowed the LDs to describe as progressive (in spite of evidence to contrary) through the coalition years, is now seen by everyone as very right wing— Tom Clark (@prospect_clark) November 2, 2018
Corbyn opposes the exploitation of foreign sweatshop-workers - Labour MPs complain he's like Nigel
He speaks up in defence of migrants - Labour MPs whinge that he's not listening to the public's very real concerns about immigration:
He's wrong to prioritise Labour Party members over the public:
He's wrong to prioritise the public over Labour Party
1. Stock Identification:
Daily and Weekly Delivery Analysis using @mystockedge
Theme Confirmation using Internet and Network
2. Stock Confirmation:
Relative Strength of a stock visavis market using RS55 model listed in @mystockedge
3. Stock Participation:
Only when chart showing short term breakout along with RS55>0 and RSI>50. I am ready to leave some initial movements.
4. Position buildup:
Every time the stock gives a breakout from the previous swing high add more position and go all-in.
5. Stock Exit:
I run two portfolios: Short term Swing and Long term Swing.
For Exit in Short term swings, I use a 2hourly Chart with super trend and RS. I am using @tradingview for the same.
For long term swing, I exit when the RS of the stock goes below 0. Period.
A few predictions of what is likely to emerge before 2030
[ a thread ] 💻🏠🌍
🚜 Rural Living: World-class people will move to smaller cities, have a lower cost of living & higher quality of life
These regions must innovate quickly to attract that wealth. Better schools, faster internet connections are a must
⏰Asynchronous Work: Offices are instantaneous gratification distraction factories where synchronous work makes it impossible to get stuff done
Tools that enable asynchronous work are the most important thing globally remote teams need. A lot of startups will try to tackle this
⚽️Hobbie Renaissance: Remote working will lead to a rise in people participating in hobbies and activities which link them to people in their local community
This will lead to deeper, more meaningful relationships which overcome societal issues of loneliness and issolation
🌍Diversity & Inclusion: The most diverse and inclusive teams in history will emerge rapidly
Companies who embrace it have a first-mover advantage to attract great talent globally. Companies who don't will lose their best people to their biggest competitors
1. The United States of America is not and has never been a Democracy, we're a Federal Republic tied together by the capital Laws of the Constitution.
Everyone in the country is about to get a harsh lesson on what this really means...
2. In 1871, February 21: Congress Passes an Act to Provide a Government for the District of Columbia, also known as the Act of 1871.
With no constitutional authority to do so, Congress creates a separate form of
government for the District of Columbia.
3. A ten mile square parcel of land (see,
Acts of the Forty-first Congress,” Section 34, Session III, chapters 61 and
4. The act — passed when the country was weakened and financially depleted in
the aftermath of the Civil War — was a strategic move by foreign interests
(international bankers) who were intent upon gaining a stranglehold on the coffers and neck of America.
5. Congress cut a deal w/ the international bankers(Rothschilds of London) to incur a DEBT to said bankers. Because the bankers were not about to lend money to a floundering nation w/out serious stipulations, they devised a way to get their foot in the door of the United States.
So Heinlein had always been very interesting in the short parts of his novels, like the little snippets inside chapters. He had a very fun writing style, and wrote some fun dialogue with fun characters, right?>
It probably comes from how much of his early stuff was short fiction
And I think what happened with a lot of his longer works is that he'd just start writing fun bits and hope it would end up going somewhere or having a bigger plot by the end. like eventually he'd figure out where this was going, then go back and rewrite it into a cohesive whole
and I'm sure he had editors that'd help this process. No editor would let you publish something as rambly and changing-gears-every-other-chapter as The Number Of The Beast, for example... unless you were God-King Of Science Fiction 1980s Robert Heinlein.
so basically I think what happened is that by the 80s (when he was in his seventies!!) he lost the drive to go back and rewrite and he was too Untouchable for editors to make him.