BC CRYPTO
Saved by @CodyyyGardner

We had a really good year at
@BitsikaAfrica
so I'm very happy to share with you. Our numbers from 1st January 2020 to 1st January 2021.

1. Volumes. We processed a total of $39,953,115 in 2020. This total came from an addition of $18,872,474 (in deposits)...

 + $17,890,807 (in payouts) + $3,189,834 (internal peer-to-peer transfers). These volumes are from self-determined, autonomous [successful] transactions that users initiated and performed themselves. We did NOT count system transactions that users did not initiate.
Compare that to the $974,864 we processed in 2019.
2. Transactions. We processed a total of 268,430 individual [successful] transactions. These numbers are from self-determined, autonomous transactions that users initiated and performed themselves. We did NOT count system transactions that users did not initiate.
Of the said successful transactions, 21,418 were internal peer-to-peer [successful] transactions. The rest are a combination of deposit and payout transactions. Compare that to the 4,832 [successful] transactions we did in 2019.
3. Users. As of this morning, we have 95,509 registered users; more than 95% of these users came in 2020. In 2020, 16,507 individual users made at least one successful transaction.
Over 40,000 users verified their phone numbers and almost 16,000 people verified their identity with a national ID.
4. Balances. 11,142 users currently have some money on the app, waiting to use it on any of our many features.
5. Revenue. We collected $1,027,583 in fees in 2020 as compared to $329 (yes) in fees in 2019. This number is NOT our take-home profit. After expenses and payments to our other third-parties are done, what we're left with (net profit) is significantly much less.
The best part about this particular metric is that it has helped us remain technically profitable and cash flow positive for every single month of 2020.
6. At the start of 2020 (in January), my team and I said that if by the end of the year, we could get 20,000 users and process $10,000,000 in transactions, we would be very happy and would have hit a moonshot. Safe to say we far exceeded our own expectations.
7. These numbers are self-reported, but apart from our internal peer-to-peer transactions and volumes, there is an additional receipt of every single one of our transactions in the databases of their-party platforms like
@theFlutterwave
...
...and its equivalent for the other currencies we serve. This makes transparency much easier.
8. In 2020, we processed the numbers above, signed
@johndumelo1 and @1RealJoeyB
as ambassadors. We also got the opportunity to invite
@davido, @asaasika and @Prince_II
as shareholders.
Many designers in our ecosystem also voluntarily redesigned our app to our delight. https://t.co/Vu0lk2jA3g
9. 9. For 2021, we want to raise our Series A, get our own licenses in all the markets we operate, start our internship program for the design and tech communities and provide more features in our app to expand our reach in and beyond fin-tech.
We will also redesign our app and make sure we increase our uptimes and fix all bugs users experience. And please tell Davido to stop crushing our app every time he does a giveaway Face with tears of joy.
10. If we’re able to repeat these numbers, I’ll be so happy. Just hope we’re all there to see that happen. If you’re a young developer out there, please go and build your dreams. I can’t believe we came this far so quickly. Just look where we were exactly a year ago.
Never thought we would get here. Just look where we were exactly a year ago. Never thought we would get here. https://t.co/DYPvGirRcZ
11. Real ones remember when we got our first 100 users? I was sitting by my laptop soo happy. 😭. I still stand by my message in this tweet below. https://t.co/MLVK5sDkKu
12. If you have any questions about these numbers or need some clarification, feel free to tweet at me. Will answer all of them. Feel free to DM me for private discourse as well.
13. Humble beginning, guys. https://t.co/MJ5x4j1g5w

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\U0001f42e Mikko Ohtamaa
🐮 Mikko Ohtamaa...
@moo9000
1/ Welcome to #DeFi Wednesday.

Let's talk about how interest-bearing cash on a blockchain is going to revolutionise boring corporate treasury management that concerns every company is is a larger business than all crypto trading in the world.

Enter the thread

👇👇👇


2/ Blockchain community is often seen as toxic maxis and redditors who shill other their weekly favourite shitcoin in the hope of getting Lambo.

Sometimes we also do things that progress humanity towards the better future and interest-bearing cash is one of those things.


3/ Less chad and more things that actually matter:

My incomplete theory of interest-bearing cash is also available also as a blog post:

https://t.co/uiG0fZiVyu

It is 15 pages. Pick your slow poison or die fast by continue reading here.

4/ First time in the history we have an ability to create interest-bearing cash-like instruments.

Interest-bearing cash ticks up dollar (euro) balance real-time in your wallet.

Here is a demonstration using @aaveaave aDAI, based on @makerdao DAI, and @TrustWalletApp


5/ Interest-bearing cash is not like your bank's saving account. Your money in a bank is not yours, but bank's. There are some flaws in the current banking system causing a headache for Chief Financial Officers (CFOs)
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//Bitcoin \U0001d575ack \U0001f410
//Bitcoin 𝕵ack 🐐...
@BTC_JackSparrow
Slow and steady wins the race

Bitcoin is often critized for being slow in everything

But here is the thing: the more you complicate a design early on, the more you push it down a specific road

Get your assumptions wrong, and it's off-road

Thread/
CRYPTO
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David Fauchier
David Fauchier
@dfauchier
Some thoughts on this super inaccurate piece.

tl;dr: this is not a defence of Tether/ iFinex, who I would like nothing more than to see disappear into irrelevance. However, most of the conclusions here show zero understanding of crypto market

1. First up: it’s completely inexcusable that Tether refuse to have a 3rd party audit. I can’t find a single good faith reason for this.

Bitfinex GC recently did a superb job of sidestepping that question on WBD:

2. For better or worse, USDT (tether) started as a way for people to move fiat between exchanges (a major problem) in the absence of the ability to onboard banking partners, none of whom wanted to touch crypto. USDT is now the dominant stablecoin by mkt cap & liquidity.

3. As a result of the difficulty of having a fiat on/off rail, many exchanges, like Binance, chose to be ‘crypto only’, using stablecoins in lieu of fiat. This is why the majority of inflows into BTC (article says 70%) is via USDT

4. Unbanked exchanges are in aggregate larger than banked ones. This is true, but it’s not because of a giant conspiracy to steal your BTC. Being unbanked = real regulatory arbitrages (lower cost + ability to innovate fast), and lower barriers to entry means there’s more of them.
CRYPTO
Emperor\U0001f451
Emperor👑
@EmperorBTC
Go to 1-4 hour chart.

Use the following EMAs.
13,21,50,180.

Look for a period of consolidation and
13>21>50>180.

Wait for a pull back to 13EMA.
If bounce occurs with volume, Enter.

Exit on bearish cross with 21>13.
CRYPTO
Bartek Kiepuszewski
Bartek Kiepuszewski
@bkiepuszewski
[1/13] It may be initially confusing to fully grasp how deposits and withdrawals from L1 to @optimismPBC are actually implemented, and it helps to see the on-chain action of what is happening behind the scenes.

[2/13] Initial setup (simplified): on L1 we have SyntheticBridgeToOptimism from Synthetic and OVM_L1CrossDomainManager from Optimism contracts. On L2 we have SynthetixBridgeToBase and OVM_L2_CrossDomainManager contracts.

[3/13] Additionally we have Sequencer (L2 mining node) that verifies all L2 transactions and submits them in batches to L1 for future reference and Relayer that is responsible for relaying messages from L2 —> L1

[4/13] Step 1 - Alice wants to deposit $SNX to L2. To do that she calls initiateDeposit() method on the L1 SyntheticBridgeToOptimism which takes her $SNX, puts it in the escrow and calls OVM_L1CrossDomainManager sendMessage() method.

[5/13] The CrossDomainManager puts this request to CanonicalTransactionChain (this is an “official” and “unmutable” list of all L2 transactions on L1). As a consequence the Sequencer (L2 mining node) will need to execute this transaction on L2.
CRYPTO

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First&foremost,Ghori invaded states of Multan &Uch in India.After this he turned to southern states of Gujarat &Rajputana.Everybody knows this about Ghori,but what most pple r unaware of is the defeat he suffered at hands of Chalukyan Queen Naiki Devi in 1178 Battle of Kasahrada.


When he marched southwards, his first target was the prosperous fortified town of Anhilwara Patan.
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Krugman is, of course, right about this. BUT, note that universities can do a lot to revitalize declining and rural regions.


See this thing that @lymanstoneky wrote:

And see this thing that I wrote:

And see this book that @JamesFallows wrote:

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Anu Satheesh \U0001f1ee\U0001f1f3
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Cherthala Karthyayani Kshetram
#Alappuzha, Kerala
#KeralaTemples 🚩

Cherthala Karthyayani Temple Prathishta was done by Vilwamangalam Swamy. Chertala Pooram is very famous. Devi is Mangalya Dayini here removes obstacles relating to marriages. Sthala Puranam says that, once 👇


Vilwamangalam Swamiyar was passing this area after Prathista of Padmananbhaswamy Temple, he felt Devi chaitanyam and recognized as Karthyayani Devi. But Devi seeing Vilwamangalam went inside the pond. Swamy searched for Devi continously for 6 days and on 7th day Vilwamangalam


got hold of Devi's hair. Thus only Devi's head is Prathishta here. Devotees do Kozhi parathal ( offering cock) here as an offering to Karthyayani Devi.

Karthyayaniamme Sharanam
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HORANADU ANNAPOORNESHWARI, CHIKMAGALUR (KAR)
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@LostTemple7


Maharshi Agastya is believed to have done pratishtha here.

Once, Shiva and Parvati had an argument. Shiva declared everything in the world including food to be Maya or illusion. To prove him wrong, Devi Parvati disappeared resulting in entire Earth becoming still.


Taking pity, Devi appeared as Annapoorna and relieved everyone.
Another belief is that once Shiva beheaded Brahma and his skull got stuck in Shiva’s hand. He was cursed that till the skull is not full of food or grains, it will remain stuck to his hands.


Shiva went everywhere and asked for food but the skull was never full. He finally came here and Maa Annapoorna filled the skull with grains and reversed Shiva’s curse.

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