1) #Bitcoin $ETH #Defi THE ART OF Contrary Thinking by
HUMPHREY B. NEILL
It Pays To Be Contrary
"What is the Theory of Contrary opinion?"
Primarily, it is a method of ruminating over a broad range of public questions; political, economic, and social.
wrong When writers write alike, readers are prone to
think alike Too many predictions spoil the forecasts;
or, to put it another way, the weight of predictions causes
their own downfall.
let's not overweigh it. It is more of an antidote to general
forecasting than a system or forecasting.
workable, include:
Habit
Emotion
Irritability
Custom
Greed
Pride-of-Opinion
Imitation
Hope
Wishful Thinking
Contagion
Impulsiveness
Fear
a. A "crowd" yields to instincts which an individual acting alone represses.
b. People are gregarious; instinctively they follow the im-
pulses of the "herd."
leader) make people susceptible to suggestion, to commands, to customs, to emotional motivation.
d. A crowd never reasons, but follows its emotions; it accepts without proof what is "suggested" or "asserted."
this propaganda analysis, but so long as "opinion-makers"
are out to sway and mold public opinion the only defense is
"to doubt all before you believe anything"-and to look
behind the words for meanings.
by The Market Cynic
1. Put your trust in board-room gossip.
2. Believe everything you hear, especially tips.
3. If you don't know, guess.
4. Follow the public.
5. Be impatient.
6. Greedily hang on for the top eighth.
7. Trade on thin margins.
8. Hold to your opinion, right or wrong.
9. Never stay out of the market.
10. Accept small profits and large losses.
greed, pride-of-opinion, wishful thinking)
are so strong in the human that they
prevent one from being objective. Objective analysis of economic trends is imperative, I believe, as subjective reasoning leads to opinionated conclusions.
his own opinion he is likely to "stand on
his opinion," right or wrong. No trait is
stronger, perhaps, than that of defending
one's opinion and of being unwilling to
admit error in judgment.
the next problem was to find a solution.
If individual opinions are unreliable, why
not go opposite to crowd opinion-that is,
contrary to general opinions which are so
often wrong?
of great value in analyzing economic and political
trends, not merely to catch an occasional swing in
the stock market.
of fundamental shifts in our economy and in the
world economy. In this regard they are significant,
of course, but the lesser ups and downs in stock prices
are of negative value and are generally unpredictable.
with sufficient accuracy to feel reasonably confident
of the contrary conclusion. It takes time to form the
habit of thinking contrarily.
economic situation it is difficult oftentimes to sub-
merge your feelings and coldly gauge public opinion.
So, occasionally you will misjudge public opinion
because of your preconceived opinions.
become a member of the "public" and in reality
think as the public does.
opposite" you will less frequently be subject to the
old traits. Finally, you may become completely objective and become the boss over those natural human
failings.
More from Crypto
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
— Andre Cronje (@AndreCronjeTech) January 15, 2021
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
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First thread of the year because I have time during MCO. As requested, a thread on the gods and spirits of Malay folk religion. Some are indigenous, some are of Indian origin, some have Islamic
Before I begin, it might be worth explaining the Malay conception of the spirit world. At its deepest level, Malay religious belief is animist. All living beings and even certain objects are said to have a soul. Natural phenomena are either controlled by or personified as spirits
Although these beings had to be respected, not all of them were powerful enough to be considered gods. Offerings would be made to the spirits that had greater influence on human life. Spells and incantations would invoke their
Two known examples of such elemental spirits that had god-like status are Raja Angin (king of the wind) and Mambang Tali Arus (spirit of river currents). There were undoubtedly many more which have been lost to time
Contact with ancient India brought the influence of Hinduism and Buddhism to SEA. What we now call Hinduism similarly developed in India out of native animism and the more formal Vedic tradition. This can be seen in the multitude of sacred animals and location-specific Hindu gods
i wonder if you can make a thread bout witchcraft in malaysia.. or list of our own local gods/deites..
— r a y a \U0001f319 (@lcvelylilith) February 20, 2020
Before I begin, it might be worth explaining the Malay conception of the spirit world. At its deepest level, Malay religious belief is animist. All living beings and even certain objects are said to have a soul. Natural phenomena are either controlled by or personified as spirits
Although these beings had to be respected, not all of them were powerful enough to be considered gods. Offerings would be made to the spirits that had greater influence on human life. Spells and incantations would invoke their
Animist ceremonies of a religious or magical nature were normally held for the purpose of divination or making a request. This would either be done at a keramat or at a shrine similar to the Thai spirit houses or Chinese roadside shrines pic.twitter.com/I1hliyi0x3
— \u2745\u1710\u170b\u1713\u170e (@uglyluhan) June 16, 2019
Two known examples of such elemental spirits that had god-like status are Raja Angin (king of the wind) and Mambang Tali Arus (spirit of river currents). There were undoubtedly many more which have been lost to time
Contact with ancient India brought the influence of Hinduism and Buddhism to SEA. What we now call Hinduism similarly developed in India out of native animism and the more formal Vedic tradition. This can be seen in the multitude of sacred animals and location-specific Hindu gods
