BC CRYPTO
Saved by @Alex1Powell

A personal update: Monday was my last day at Business Standard and I can truly count the past 3 years as the golden phase of my career, where I got the opportunity to not only report but also break some of the biggest news stories during this period.

 From January, I will be writing for the @BloombergQuint.

Even though I will miss the adrenaline rush of finding my byline in the paper every morning, I am really excited about starting a new journey with a digital platform.
In this thread, I am sharing some of the work that I did at @bsindia, which is close to my heart.
I wrote a series of stories with @dilasha on how the cryptocurrency players in India are surviving in a hostile regulatory climate.

https://t.co/NJAcIwAgmC
In Feb 2018, I exposed how the government secretly commissioned a survey to two independent economists, giving them unauthorised access to private data of citizens only to establish ‘robust’ job creation.

https://t.co/JmN7VjQxkC
State-owned PNB was hit by the country's biggest banking fraud.

This letter written by the finance ministry to the RBI became the first point of friction between the govt and the regulator. (Ultimately, Urjit Patel had to step down as the RBI Guv)

https://t.co/Z4oFEDZUr8
In Apr 2018, I broke the story about a currency crunch at ATMs in at least 8 Indian states. Why did this happen? Hint: demonetisation

This was followed by extensive coverage on the issue (the govt did acknowledge publicly that there was a cash crunch).

https://t.co/KU67ulaTMO
I continued to dig into the PNB fraud & found this gem:

I reported how PNB (of all banks) didn't receive a crucial directive sent by the RBI in 2016 asking all lenders to strengthen their risk mechanism to avert fraud.

The story about a missing e-mail

https://t.co/My6Ll42Bp0
The RBI vs government tussle was heating up. I wrote a series of stories on the friction points:

https://t.co/IREwm8LeOU

https://t.co/3801yfOJRg

https://t.co/BYCVe5kcpq

https://t.co/O3jIuI0dpM

https://t.co/YXDTiarSFh

https://t.co/JCcyzd75gD
In September 2018, I reported how the government has found over 60% of the money deposited in 37 million Jan-Dhan accounts in the weeks following the note ban announcement in 2016 as “suspicious”

https://t.co/gwsYVOQnle
Politics of data was a project I took up in the past 3 years. The following stories aptly throw light on an ever-important issue:
A day before leaving office as NITI Aayog vice-chairman in 2017, Arvind Panagariya submitted the final report of the task force he chaired for recommending improvements in jobs data. The final report never saw the light of the day. Here are the details:

https://t.co/FyagN0UMrY
An official survey on jobs conducted in 2016-17 by the Labour Bureau (part of the labour and employment ministry) was never made public. Here are the findings of the report (this survey has been officially junked since then):

https://t.co/4A2uw3gppj
The biggest scoop of my career (yet). The unemployment rate rose to a 45-yr-high, a year before India went into elections. Shockingly, the Modi govt didn't officially release the findings of the report until it came back to power in the 2019 elections.

https://t.co/FBcV5VTggg
Some important analysis from the hidden report in the run up to the national elections:

https://t.co/NZGwD4EUpI

https://t.co/9YsxMzBlqr

https://t.co/qMluVa4rLP
Of course, the government initiated an inquiry to find out my sources but it was to no avail :)

https://t.co/GLfNOlEhv0
Months later, I brought out the findings of another hidden survey report that showed consumer spending falling for the first time in over four decades.

https://t.co/zejgxPn4MI
The data hasn't been made public till date as the government decided to scrap the survey report the day we published the results.

More in this thread:

https://t.co/5Kur6wiMyf
I also did some ground reporting during the 2019 national elections:

https://t.co/ibihPxveAS

https://t.co/6FUJaLAwHv

https://t.co/fNh0ltutDe
I added on to @nit_set's stellar investigative work on electoral bonds to report how the finance ministry knew that there was a hidden serial number which could reveal the donor's identity

https://t.co/tX2sCof3Ki
Last winter, I covered the anti-CAA protests. I went to the protest sites across Delhi almost everyday and wrote on the many voices leading the protests

https://t.co/TFMEXfArWD
I visited the riot-affected areas in Delhi with @ari_maj to bring out the horror stories of alienation, distrust and exodus that loomed in parts of the national capital early this year (the most difficult reporting assignment till date for me)

https://t.co/0xbfbf4qmI
Then of course, there was a (COVID-19) lockdown.

I went to the ground to cover the plight of migrants:

https://t.co/6XSOHu5TDa

https://t.co/wIym1nCfbH

https://t.co/cEA9TmcWaB

https://t.co/Dshk24AcZG

https://t.co/YYY6N284aV

https://t.co/rNMyZpedLj
Many states swung into action to do away with labour laws this year. Here's an extensive coverage:

https://t.co/1NyDcish0A

https://t.co/EGH3qvWJVZ

https://t.co/IPapM0bzog

https://t.co/kv252xNHwE

https://t.co/m6QCiNEEYK

https://t.co/j3AkQ7ihHY

https://t.co/Bn7Kn0W02V
I wrote extensively on the labour law changes and its impact....

https://t.co/LaGJPOQ3pC

https://t.co/Zx2ZI1uzHJ

https://t.co/3q39YKHJqQ

https://t.co/ox3TMwbSR5

...while also highlighting the issues in the labour laws:

https://t.co/IqiVrt0ri4

https://t.co/lzzeLVL3h0
I am thankful to everyone - my present and former colleagues and editors at @bsindia, industry colleagues, readers, whistle-blowers and everyone who helped give shape and add value to my work. I look forward to your love and support as I embark on this new journey :)

More from Crypto

Oliver Jumpertz
Oliver Jumpertz
@oliverjumpertz
"Blockchain technology is energy-intensive..." => No, it doesn't have to be.

Let's look at Proof-Of-Stake, an alternative to the energy-intensive Proof-Of-Work algorithm.

🧵🔽

1️⃣ A Quick Recap On Proof-Of-Work

A Proof-Of-Work algorithm requires miners to do a certain amount of work that is compute-intensive to gain access to a service or the right to do something. This algorithm, by design, also requires that the work done shall not ...

... be reusable for anything else than what it was performed for. This lies at the core of the security concept of a blockchain. To gain the right to append a new block to a chain and to get some currency as a reward, there is work to be done, and this work must be verifyable.

That work is a race between different miners. Many miners try to compete and to be the first to find the answer to a problem presented to them. This implies that a lot of energy is wasted as only the first correct solution is accepted.

You can find a more detailed thread on Proof-Of-Work
CRYPTO
Sahil Bloom
Sahil Bloom
@SahilBloom
Lindy Effect 101

With Bitcoin's return to the spotlight, debates on its long-term viability are raging. Its proponents contend @nntaleb's Lindy Effect says the technology is here to stay.

But what is the "Lindy Effect" and how does it work?

Here's Lindy Effect 101!

👇👇👇


1/ First, a few definitions.

The Lindy Effect is a theory that the future life expectancy of specific non-perishable items, like a technology or idea, is proportional to their age.

Put simply, the longer it has already lasted, the higher the likelihood it will continue to last.

2/ The term "Lindy effect" is a reference to Lindy's, a New York deli frequented by comedians in the 1960s.

While author Albert Goldman used the term "Lindy's Law" in a 1964 article, it was mathematician Benoit Mandlebrot who moved the dialogue towards the current definition.


3/ In his book, entitled The Fractal Geometry of Nature, Mandlebrot commented that the more stage appearances a Lindy's comedian made, the more future appearances he could be predicted to make.

The longer he lasted, the longer he would continue to last.

4/ @nntaleb built upon Mandelbrot's work, formally coining the term "Lindy Effect" in his book, Antifragile.

He noted the Lindy Effect with books - the longer a book has been in print, the longer it is likely to survive.

With no natural upper bound, power laws come into play.
CRYPTO
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Jonty Wareing
Jonty Wareing
@jonty
Out of curiosity I dug into how NFT's actually reference the media you're "buying" and my eyebrows are now orbiting the moon

Short version:

The NFT token you bought either points to a URL on the internet, or an IPFS hash. In most circumstances it references an IPFS gateway on the internet run by the startup you bought the NFT from.

Oh, and that URL is not the media. That URL is a JSON metadata file

Here's an example. This artwork is by Beeple and sold via Nifty:

https://t.co/TlJKH8kAew

The NFT token is for this JSON file hosted directly on Nifty's servers:

https://t.co/GQUaCnObvX


THAT file refers to the actual media you just "bought". Which in this case is hosted via a @cloudinary CDN, served by Nifty's servers again.

So if Nifty goes bust, your token is now worthless. It refers to nothing. This can't be changed.

"But you said some use IPFS!"

Let's look at the $65m Beeple, sold by Christies. Fancy.

https://t.co/1G9nCAdetk

That NFT token refers directly to an IPFS hash (https://t.co/QUdtdgtssH). We can take that IPFS hash and fetch the JSON metadata using a public gateway:

https://t.co/CoML7psBhF
CRYPTO
Nick Chong
Nick Chong
@n2ckchong
"But have we *earned* it?"

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.
CRYPTO
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.
CRYPTO

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My dad led an organization of over 300,000 employees.

When I took on my biggest marketing & events team to date (35 employees) I asked him how the *heck* he did it. Here's what he said and what helped me every day. 🧵

Remember you're leading all the employees under you, but you're not *managing* them all. You're managing your direct reports, which should be 5-7 individuals max. Focus on them.

When you interact with the employees you don't manage directly, get to know them as people first, that'll be the most valuable information in leading them. Remembering everything you learn about them is hard, but doing so will make you a superhero.

If you're not going to empower the managers under you, why do you have them? If you see room for improvement, let the manager know and let them make the change on their teams and come to you with questions/concerns. This will save you SO much time.

If you're the smartest person in any room - you're doing it wrong. As a leader, your job is bringing together the best people to get the job done - your skillset is identifying those people, not being one of them.
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one of the things i like about Batman is that it's fundamentally about being orphaned, and being an orphan — how this guy stays tethered to the world in his own weird, abstract, extrajudicial way when he feels that his link to it has been violently severed

Batman does this by permanently recapitulating his own trauma: solving crimes for other people, protecting them. But that's actually just the beginning; he also recapitulates his own experience of orphanness by essentially raising several orphans

Dick is an orphan in the traditional sense: dead parents. Batman sees it happen. Jason, less so: missing dad, known mom who eventually dies. Tim, even less so: parents are around a while, and involved, before both dying. Carrie, even less than that: negligent parents.

Steph: evil father, who openly works against her. And then there's Damian, whose parents are both alive and yet both have identities that totally obliterate their role as his parents. He doesn't relate to them as a mother and father; he can't, and neither can they.

In all these different cases, Batman tries all these different ways of making orphanness for them not what it was for him: Either by trying to teach them the (arguably poor) coping skills early that he learned over a very long time, or by literally legally adopting them, etc.
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Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
Rani Chennamma of Kittur was one of the first women rulers of India who fought against the might of the British Empire in 1824. Rani Chennamma was born in 1778 in a small village of Kakati in Belgaon distt of the State of Karnataka.


She was born into the Lingayat Community to a man named Dhulappa Desai. From a very young age she was trained in horse riding,sword fighting, archery and diplomacy. At a very young age of 15 yrs, she was married to the King of Kittur and became the Queen of Kittur.


It is said that King of Kittur Mallasarja was once moving around in the neighbouring kingdoms to find support to fight Tipu Sultan. It is then, when he came across Chennamma and he immediately got attracted to her sheer confidence and bravery.

Rani Chennamma and King Mallasarja had a son together who died very soon after the death of King Mallasarja in 1816. As the Queen of Kittur, Rani Chennamma immediately adopted Shivalingappa as her son and declared him the heir to the throne of Kittur.

This did not go well with the British East India Company who was enforcing the Doctrine of Lapse those days, according to which the adopted children of the Indian rulers were not allowed to become their heirs and if the native rulers did not have children of their own, their...
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Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
THE MEANING, SIGNIFICANCE AND HISTORY OF SWASTIK

The Swastik is a geometrical figure and an ancient religious icon. Swastik has been Sanatan Dharma’s symbol of auspiciousness – mangalya since time immemorial.


The name swastika comes from Sanskrit (Devanagari: स्वस्तिक, pronounced: swastik) &denotes “conducive to wellbeing or auspicious”.
The word Swastik has a definite etymological origin in Sanskrit. It is derived from the roots su – meaning “well or auspicious” & as meaning “being”.


"सु अस्ति येन तत स्वस्तिकं"
Swastik is de symbol through which everything auspicios occurs

Scholars believe word’s origin in Vedas,known as Swasti mantra;

"🕉स्वस्ति ना इन्द्रो वृधश्रवाहा
स्वस्ति ना पूषा विश्ववेदाहा
स्वस्तिनास्तरक्ष्यो अरिश्तनेमिही
स्वस्तिनो बृहस्पतिर्दधातु"


It translates to," O famed Indra, redeem us. O Pusha, the beholder of all knowledge, redeem us. Redeem us O Garudji, of limitless speed and O Bruhaspati, redeem us".

SWASTIK’s COSMIC ORIGIN

The Swastika represents the living creation in the whole Cosmos.


Hindu astronomers divide the ecliptic circle of cosmos in 27 divisions called https://t.co/sLeuV1R2eQ this manner a cross forms in 4 directions in the celestial sky. At centre of this cross is Dhruva(Polestar). In a line from Dhruva, the stars known as Saptarishi can be observed.
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Aditya Todmal
Aditya Todmal
@AdityaTodmal
A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
OPTIONSLEARNINGS , OPTIONSBASICS , OPTIONSLEARNINGSSARANGSOOD


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