BC CRYPTO
Saved by @Alex1Powell

Our CEO discovered #Bitcoin in 2009 on @HackerNews and became quickly fascinated by it through his interests in peer-to-peer technologies and finance. He started trading #Bitcoins in 2010 and implemented his own #Bitcoin client not much later to understand the protocol in detail

 Since then, he has been following it for more than 10-years through three distinct periods he calls; “Ealy stages (2009–2013)”, “Becoming Mainstream (2014–2017)”, and “#Altcoin Explosion (2018 -2020)”
Although the value of #Bitcoin and other #Cryptos have increased, they did not become as successful as he thought they could...
The technology behind #Bitcoin, #Blockchain, is a great #innovation but has some significant issues. Below, we provide our CEO’s analysis of these issues across 3 categories; https://t.co/7OTtWyDep9 2.Governance and 3.Scalability
The lack of #security in #Blockchains is almost there by design: a hack, a password loss, or hard disk crash is permanent, and the transaction cannot be reversed. You need to make backups, but not too many and you can never really trust a third-party with them...
Despite being an expert Software & Security Engineer, he would not trust himself enough to correctly manage private keys, and he would never recommend this to beginners...
Even with #hardware #wallets, which are already inconvenient to use, you also need to keep the #recovery seed somewhere safe and ensure you don’t forget it. And you need to trust the manufacturer not to have made any mistakes
On #Governance, the great Bitcoin “#BlockSizeDebate” has divided the community since the beginning. He first heard about this in 2011 at the Prague #Bitcoin #Conference
There are only two methods to make a decision with the existing protocol: #NodeCount and #HashRate
Starting in 2015, as you can see in this graph, #protocol changes were suggested by running alternative #node implementation, but as anyone could pay to run many nodes in the #cloud, it was criticized for not being legitimate
#Hash rate was considered as a better alternative. However, as the Hash rate was controlled by a few large #mining pools, decisions could also be criticized and dismissed
None of these models ended up fully accepted, and thus there is still no accepted governance model to modify the protocol
On #Scalability, the current #transaction limit and related fees are insufficient for users and limit it from being what it could be: a replacement for every payment on the internet that could even multiply their number by 10 or 100, making #microtransactions possible
Lessons :: I now believe that new #Blockchains need to include #governance rules from the start. Ideally, for decisions to be binding, decisions must be able to change the software automatically...
“Proof-of-Work” is not a good model, as it is both resource-intensive and has a disconnect between the users and the decision-makers. Better governance models are “Proof-of-Stake” (like a Company with Shareholder) or “Proof-of-Authority” (like an #Association with Members)
https://t.co/HMjCHmt4bZ — These problems brought him to sketch and develop what has become https://t.co/HMjCHmt4bZ: a platform for #governance of #decentralized organizations. It solves the problem of giving indirect control over resources to #members of a #project
Resources are classed as funds (EUR/USD), domain names, IT servers, code repositories @Github, file repositories @Dropbox
It is the equivalent of “articles of incorporation” in the form of a smart contract without #blockchain. Not using a blockchain allows much more flexibility and enables https://t.co/HMjCHmt4bZ to easily integrate with external platforms
Our primary interest is to grow both the quality and the quantity of projects on our platform, but never to interfere with their governance...
New style #Cryptocurrencies (Semi-#Decentralized) — https://t.co/HMjCHmt4bZ can also fuel the #currencies of the future. The properties of such a #coin would be a lot better than any #cryptocurrency
For example, by providing: •Legitimate Governance •No Transaction Fees •High Capacity (transactions are stored in a standard database) •Advanced Security (Support for lost passwords, hard disk crashes, 2FA, and reverting transactions) [more]...
...•Anti-Money Laundering (AML) and •Know Your Customer (KYC) #development, funded by members
It is for these types of projects and to solve these problems that we developed https://t.co/HMjCHmt4bZ
On November 11, 2020, we officially launched the platform in #alpha test mode, and we are now calling for people to create new projects with us and be amongst the first adopters of what promises to be a great platform
We invite anyone to participate in our alpha launch and start their initiative. Sign-up and find more information on our website at https://t.co/HMjCHmt4bZ
We are also seeking to create a community that can help us build https://t.co/HMjCHmt4bZ. If you are interested, please join our Founders Association.
Thanks for reading! (C.Bodt CEO, https://t.co/HMjCHmt4bZ)
@threadreaderapp #unroll please

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American Hacker
American Hacker
@AmericanHacker
Story time. There will be a couple crypto wallet addresses at the end of this one.

You follow this account, you know that I straddle the terminator - one foot in light, one in shadow. Good-ish bad guys, bad-ish good guys, I've never belonged anywhere else.

Right before the election, I was shown some things. How it started, it was worth following. Caution was indicated. *extreme* caution.


Given the starting context, the amount of time, the volume of information, the veracity of the parts I can check without triggering suspicion ... it's real and I think there'd be some advantage to getting it all.

This is going to require some bare metal in a facility outside the U.S.

This is something that will stay up, maybe clear till the midterm election.

And it needs a significant amount of disk space, for unpacking and sorting and such.
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Vitor Const\xe2ncio
Vitor Constâncio
@VMRConstancio
Tesla just announced that it had bought 1.5 billion dollars of bitcoin and could in the future sell cars in bitcoins. Since this morning both Bitcoin and Tesla are going up in the market. Maybe there is afterall something in the saying that“Bitcoin is Tesla without the cars”1/ 20

Musk is seen as a genius, a true Midas, by many investors and millennials. For them he can never go wrong. He became recently the richest man in the world dur to Tesla stock valuation (+353% yoy). He moves markets and today´s announcement is “kind of legitimise “ bitcoin 2/

Tesla shares attained $870 which represents a Price/ Earnings ratio of 1.747 (!) on the basis of last year´s profits. Apple is at 37 and the S&P firms average is 23 (against a historical average ≈16). Future profits would have to increase a lot to justify a more normal ratio 3/


Tesla has a good product but the question is if it will sell enough cars to get such profits in face of coming fierce competition. However, this is not the question I want to comment upon. It is also not about what may interest the SEC and market conduct…4/

It was not disclosed when Tesla had made this investment. In December, Musk said that Tesla could buy bitcoin, and this was followed by many statements that he supported bitcoin. Bitcoin kept going up & Tesla investment has appreciated. The SEC will look into this 5/
CRYPTO
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Alex Kr\xfcger
Alex Krüger
@krugermacro
Options used to be close to irrelevant for bitcoin's price.

Until now.

At current price levels, hedging large option notionals has a major impact on price.

Here's a quick thread on options 👇

Let's start with the meaning of delta.

Delta is the rate of change of an option's price relative to a change in the price of its underlying.

For example, the price of a 50 delta option will move 50% as much as the underlying.

For practical purposes, think of it as how much of the underlying you have:

- if long 50 delta call on 1 BTC => long 0.5 BTC
- if long 50 delta put on 1 BTC => short 0.5 BTC
- if short 50 delta call on 1 BTC => short 0.5 BTC
- if short 50 delta put on 1 BTC => long 0.5 BTC

An option where the option's strike (i.e. exercise price) is equal to current spot price is known as an at-the-money option (ATM). ATM options have a delta of 50, while deep in the money options have a delta of close to 100.

Can also think of delta as probability. A 50 delta option has a 50% chance of expiring in the money.

For a call, the higher price goes => the more in the money the call => the higher the delta.

Once delta gets close to 100, odds are ~100% the option will expire in the money.
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Prateek Singh
Prateek Singh
@PrateekLearnapp
We should be proud about @0xPolygon. But don't invest if you don't understand what they do just like any other asset class.
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Venkatesh Rao
Venkatesh Rao
@vgr
stacks are eating the world

business used to be easiest to comprehend via a) market-based logic of horizontal vs. vertical STRUCTURE, b) professionalization/specialization based FUNCTION c) core competencies based BEHAVIORS

this has pretty much collapsed in the last decade

Structure = sclerosis
Functional specialization = bureaucracy
competencies = inertial habits

"Stack" thinking instead lets technology structure (rather than market structure) drive business org logic

Companies seem to do well when they identify an entire stack of technologies they are good at (not just point bits) and organize to conform to its logic. There is a "full-stack" dimension of technical specialization that is the spine of the org

It feels buzzwordy, but it really is getting to be that way. AI stack, decarbonization stack, mobility stack, electrification stack... some end-to-end pathway of turning physics into economics via layers of tech artistically baked together like a cake
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Brian Cates
Brian Cates
@drawandstrike
Great article from @AsheSchow. I lived thru the 'Satanic Panic' of the 1980's/early 1990's asking myself "Has eveyrbody lost their GODDAMN MINDS?!"


The 3 big things that made the 1980's/early 1990's surreal for me.

1) Satanic Panic - satanism in the day cares ahhhh!

2) "Repressed memory" syndrome

3) Facilitated Communication [FC]

All 3 led to massive abuse.

"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.

Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.

FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.
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@HiteshAwasthi89
#Thread
12 Most Powerful Hanuman Mantras

Hanuman ji is the Hindu God of strength, valor, agility, and wisdom. He is considered as the incarnation (avatar) of bhagwan Shiva. Hanuman ji is the symbol of devotion and dedication. He is the greatest devotee of Prabhu Shri Ram. 1/n


Hanuman ji is known by several names such as Bajrangabali, Mahabali, Maruti Nandan, Pawanputra, Mahaveer, and Anjaneya. Hanuman ji is the son of Bhagwan Vayu, the wind god.

God Hanuman played a prominent part in rescuing Mata Sitafrom the bondage of demon King of Lanka, Ravana.


One can worship Hanuman ji by chanting Hanuman Mantras. There are many different types of Hanuman Mantras, each fulfilling a specific purpose. Hanuman Mantras help to beget the blessings of Mahabali Hanuman for success. 3/n


Let’s explore these powerful Hanuman Mantras one by one. Here’s the list for you:

1. Hanuman Moola Mantra
!! Om Hanumate Namah !!
ऊँ हनुमते नम:

You can chant the “Hanuman Moola Mantra if you usually face problems and obstacles in your life.4/n
#hanumanjanmotsav


However, the Human Moola Mantra is also a very powerful success mantra.

It’s a Kaarya Siddhi Mantra.

It is highly advised that all those who usually face obstacles and problems in their life should chant the Hanuman Moola Mantra. 5/n
#hanumanjanmotsav
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Maurice Casey
Maurice Casey
@MauriceJCasey
I am reading through reams of late-1920s communist poetry and easily my favourite title so far is: "To a Lady who Rejected a Poem about Spring as a Petit-Bourgeois Deviation"

The last lines:
"So here's my hat into the air,
Three cheers for your amazing hair,
For coal mines, and for turbines, too,
For steel, the Comintern and you!"

A not exactly graceful (though possibly satirical) title: "Lines Disassociating Myself from Yessenin and Supporting the Otherwise Unfounded Legend that I am a Foremost Proletarian Writer"

An excerpt:
"Goodbye verses of Yessenin
Goodbye literary slop-
You are not the line of Lenin
You are not the line of WAPP

Never shall I moan a
simple lyric from the heart
I'll devote my new corona
to the proletarian art"

The poet was Joseph Freeman, who published much of his revolutionary verse in the New Masses, a stylish journal of the interwar American literary Left.
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신념의사나이...
@Belposto_korea
What does Gold- Backed mean?
The Chinese Elders have been accumulating gold for hundreds of years. They are gold-rich. Some of their gold was loaned to the Central Banking System so that it could fund the rebuilding of Europe after the many war-torn years from World Wars I and II

BTW they never returned it but used it to start their financial empire to enslave humanity. This is the Central Bank Banking System./2

Maybe this is why one of the conditions to use their gold for the QFS is the demise and full disclosure of the Central Bank banking system before the RV can take place./3

The Elders have caves of hidden gold and are now using it to gold-back the currencies in the QFS for every country in the world. It is important to understand that the QFS and the money it is about to release is all brand-new currency./4

It was designed by the Alliance to fund the new financial system that will reset all Currencies of the world to Gold-Backed currency./5
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Lakshminarayan G
Lakshminarayan G
@narayanagl
The Chanting of following names of Bhagwan Vishnu, immensely helps us in overcoming the obstacles in our daily life.
These names are from Sri Vishnu Sahasranama!
|. "Om Vashatkaaraaya Namaha" : For Success in Business.
||. "Om Aksharaaya Namaha" : For Success in Studies.


|||. "Om Bhuthabhavanaya Namaha" : For Good Health.
|V. "Om Paramaathmane Namaha" : For Self Confidence.

Src: VAK magazine from Chilkur Balaji Temple, Hyderabad - Sri @csranga
#SanatanaDharma #SanatanaSanskriti #Sattology

One needs to chant the following slokas 28 times to get rid of certain problems in life.
Om Hrushikesaya Namah - For Overcoming Bad habits
Om Vashatkaaraya Namah - For Success in Business, Interviews, visa interviews, building relationships


Om Srimate Namah - For Handsome appearance & wealth
Om Aksharaya Namah - For Education & better financial strength
Om Paramatmane Namah - For self employed people, for promotions and success in games.
Om Putatmane Namah - To remove mental stress & for mental peace


Om Sarmane Namah - For Job Satisfaction
Om Bhutadaye Namah -To amend soured friendship or any personal relationship
Om Dhatre Namah - For issueless couple
Om vidhatre Namah - Pregnant Ladies to Chant for healthy babies.
Chant the following 108 times :
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