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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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
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1/22 Why XRP will beat Bitcoin.

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

A thread. 👇


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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!


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A primer on how to use @coingecko for your crypto data/research/trading needs.

Share it with a friend who needs it!

1/ Getting started with crypto and want to check prices/projects? https://t.co/LFnk4vukxj has info on just about every crypto you'll need :)


2/ Search over 6000+ cryptocurrencies available on the market. You can see what's trending in the space as well.

Researching by categories? Filter (left side) -> Select categories -> DeFi, DOT ecosystem, Exchange-based tokens, NFTs - anything!


3/ Lets say you're looking at #Bitcoin https://t.co/g205lj03pG

At a glance you get:
- Price
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Next - check valuation?


4/ Market cap is used to rank coins, and we'll show you how its calculated - Hover over Circulating Supply (?) for breakdown.

Note: used @chainlink as example here - https://t.co/Jc46fe79Ag

While MC is important also consider product fit, narrative, team, community etc.


5/ If you're trading on AMMs like @Uniswap or @SushiSwap, you can copy the contract address directly to your clipboard.

Using @metamask_io? Add the token directly so it shows as one of the "Assets" that you own in the wallet.

See: https://t.co/94XihMf5oz
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@huizengard_
[BIG THREAD] BitChute is a video-sharing site growing in size after an exodus of upset conservatives from YouTube. Like similar “anti-censorship” platforms, it also is riddled with a disturbing amount of hateful content and blatant disinformation.


Around the time of the Capitol riot, interest in BitChute skyrocketed. It continued to rise as Donald Trump’s channel had videos removed, was suspended, and then finally banned. Although he has yet to arrive on BitChute himself, his followers have moved on from YouTube.


BitChute founder Ray Vahey has called the platform “pro-free expression”, accusing sites that censor their content as building echo chambers that serve only to exacerbate problems. What he fails to recognize is that his own creation has become one itself.


wo massive trends on BitChute are anti-Covid vaccine and pro-Nazi/anti-Semitic propaganda. Both break the site’s Community Guidelines. Below are examples of easily accessible and highly-viewed videos. Bear in mind the medical advice is harmful and the Nazi content is disturbing.


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# 💹 The effect of Currency Exposure on Shareholders Equity 💹#

When we invest, one important aspect to consider is our portfolio exposure to currencies. It is not important where the company is trading, but where and how is making business ‼️


Keypoints 🗝️:

- In which currency is the company getting paid?

- In which currency is the company paying their costs?

- Are they hedging?

- In which currency is their cash, investments & deposits?

I specially look at them in companies with business in LATAM, Africa or Asia. 🌎

One of the checks you make is looking at the "Other comprehensive income".

I remember that I was very confused the first time I look into a company from a developing country (Pakistan). 🇵🇰


It was a software company (Really good ones in Pakistan) and they seemed to be doing pretty well (Positive Income) but the equity was just decreasing. WTF?

Reason: They were very exposed to Pakistan Rupee!


⬇️Here you go ⬇️

They were collecting most of their cash in Ruppes...
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