BC CRYPTO
Saved by @CodyyyGardner

1. You also have to give them a landing. It's tempting, I know, to take the pent up rage out on the only ones who respond to you (like @ProjectLincoln!) or Never Trumpers like @RadioFreeTom or @BillKristol bc they were "guilty" in the past or "waited too long" like @WalshFreedom

 2. but at each of the big inflection moments where Trump lost support I've begged non-Rs to consider the fact that if Trump supporters see that they have nowhere to go, they will stay w the only people that DO accept them, & the price might actually be the collapse of democracy
3. which, until Weds, some people thought I was being hyperbolic about. I WASN'T! When the MAINSTREAM of a major political party divorces themselves from democratic norms & values & its supporters turn to a fictionalized world to justify their political party's actions, your
4. country's stability is at risk & one by-product of poor messaging on the Dem side is that extremism on the Right was able to not only take root in the Rep Party, it was able to take OVER the R party & become the party's mainstream- pinnacled w the presidential win via the EC
5. of Donald Trump, w/o the GOP paying any electoral price for their extremism. A healthy Rep Party might have found the courage to reject Trump's nomination & accept the short term costs that would have come w refusing to endorse his 2016 candidacy. But the Rep Party of 2016
6. was already quite "ill" w polarization & hyperpartisanship & was winning elections despite their extremism, which was never highlighted as a campaign issue even while the still-mod Ds were being erroneously classified as a party of socialists & communists in an increasingly
7. strident & intense right-wing media environment that was also being echoed in GOP campaign materials. Together, this environment was radicalizing the GOP electorate- dehumanizing Democrats & artificially inflating the stakes of campaigns to the point that GOP voters began to
8. become increasingly radical. The chickens came home to roost in the 2016 Rep primary when Donald Trump decided to run. His candidacy tapped into all of the dark undercurrents GOP politicians, media figures, and campaign strategists had been playing w- a fire that burned out of
9. control bc party primaries attract very small electorates and thus can advantage more ideological candidates although traditionally- the best known, best financed candidates win. Trump was a celebrity, that was very imp to his success.
10. Ironically, it was a commitment to pluralism & democracy by party leaders in that cycle who felt that since the voters chose Trump, their choice had to be honored w the party's nomination even though our poll of VA Reps in April of 2016 found shockingly high receptivity
11. to a brokered convention- w somewhere near 50% of surveyed Rs supportive of it, & maybe even higher though I can't recall what the exact % was except that I was floored by it- it played a big role in my falling into the trap in '16 that Trump was such a threat to democracy
12. there might really be more than 10pts of crossover Rep voter support for the Dem ticket in VA (there wasn't though- in the end HRC received almost exactly the modal 10pts of R crossover vote here & it was the LAST time I ever believed in crossover voting >10pts in prez
13. elections aside potentially the weirdo states (WVA, MD, MA) & ever so slightly AZ, where we HAVE seen some >10pts crossover I suspect is due to McCain Rs but which has really only emerged post Trump's actual win. Having been studying polarization as a grad student & doing
14. my dissertation on polarization, along w other scholars I was watching polarization & hyperpartisanship tear through the GOP like a wildfire- seeing its moderate wing get completely wiped out in just a couple of election cycles via ideological primaries till the people being
15. called its moderates were the people that 2 cycles ago had wiped out the moderates! And political scientists, empowered w a amazing quant tool called NOMINATE were showing the world the asymmetry between Rs & Ds- the ideological purge was only happening on the Right
& now anyone can use the NOMINATE tool bc its been put into an easy app on a site called Vote View (I used to have to make little gifs w the raw data to show Congress moving apart which did make me look cool on the job market!). Voteview is an amazing tool- very user friendly
16. which I've posted often on here & am putting here again so you can check it out. I'm also showing you the distribution of members in the 103rd and 116th Congresses. Each dot represents a member of the House or Senate(red Rs, blue Ds) & you https://t.co/0FGUaFjhKe
17. can see how the members are distributed relative to each other very differently over the two+ decades (earlier decade on the right) You'll note the space in the middle where there are no dots have grown and that in the images on the left, the most current session of Congress,
18. there are red dots that touch the cap of the "egg" when there weren't ANY that did so (or even any in that area of the graph!) in the Congress from the 1990s. Generally, after the end of segregation in the South, we only interpret the left/right part of these graphs but you
19. might notice, there is variation of the members on a Y axis too and NOMINATE produces 2 measures of ideology for each member with the one running on the X axis understood to be the liberal/conservative dimension and the only one used. BUT bc the data includes all members
20. of Congress & all non-unanimous votes from the 1st Congress till the current day a 2nd dimension (Y axis) exists for everyone although the belief is that the Y axis is non-interpretable beyond 1960s when segregation ended & race stopped being an explicit issue coming before
21. Congress. Don't forget, until recently, the GOP was at least pretending to be racially liberal by voting en masse to renew the Voting Rights Act every time it came up & only when Trump came along did it move from dog whistle politics to full bullhorns on race & ethnicity
22.(though the dog whistles were PLENTY obvious to anyone that chose to see them). So, the Y axis placements are generally not interpreted but is included so it can be plotted. These 2 congresses are separated by about 25yrs but are WORLD's apart in terms of the
23. voting behavior of men & women serving in the House & Senate- which serves as a proxy for ideology here. NOMINATE is nice bc it doesn't do what the websites that attempt to classify members ideologically does which is to make subjective determinations regarding various votes,
24. often choosing particular bills to include. NOMINATE is not subjective- it includes ALL votes & the program doesn't even know its coding votes or legislators- all it sees is a series of 0s & 1s and is concerned w how those 0s & 1s interact w each other, spatially. Its really
25. smart! Whether its capturing member's sincere ideological preferences or not, one thing is clear, it documents significant behavior changes in our Congress over what we argue is the polarized era AND verifies that the change is primarily isolated in the GOP. I threaded on
26. today bc the super pac launches Monday and is focused on drawing attention to the radicalization of the Republican Party- from the top (electeds/leaders) the bottom (average Rep voters) & how that has destabilized democracy in the US- placing continued stability of democracy
27. at threat. BC Trump was assisted so widely with his effort to steal the 2020 election by his Rep Party peers- including congressional party leaders who went so far as to hold that charade of the certification of the EC vote under the false premise of potential election fraud
28. the threats we are facing will extend beyond Trump's tenure in office & will require Americans to be diligent and aggressive in fighting the GOP, trying to force the party back to the mainstream. Along w the pac, I'll be releasing an analysis of polarization via my @substack
29. @The__Cycle expands on the topic of this thread, shows that the Rep Party has polarized significantly over the past couple decades and is significantly more radical than the Dem Party. It is very important that the American public be brought up to speed as to what is at stake
30. in the 2022 midterms- winning 2020 will not be enough and people who wish to see America navigate this dreadful period need to buckle in- the work is just beginning. Happily, what we've seen from GA is the deep well of possibility!

More from Rachel "The Doc" Bitecofer 📈🔭🍌

Rachel "The Doc" Bitecofer \U0001f4c8\U0001f52d\U0001f34c
Rachel "The Doc" Bitec...
@RachelBitecofer
1. Yes, removing @DebHaalandNM from NM CD 1 intros risk on losing the seat, but maybe less now that I am connecting w @RepSeanMaloney.

The GOP will start w descriptive representation on this one. In other words, they will seek to run a Native American. If there IS a Republican

2. American active in politics that resides (or can be said to reside!) in CD 1, they will run that person. This is bc the GOP is esp good at the "biography" end of politics in these specials- IE: Mike Garcia in CA 25.

Ds *think* they're good too. But they're not! All D's needed

3. in CA 25's special election to ensure they held that seat was a qualified Latino nominee who passably personable. They literally GAVE that seat away under this myth that it would be too hard to beat Garcia when the whole election was a story of % R ballots relative to % D

4. ballots- as we ALL watched in the special election. And even with a candidate people told me was "flawed", "a mess" or even "crazy" Ds lost the damn seat again, sealed the loss in the fall general by 333 votes! If that doesn't hurt YJEM, it hurts ME. Makes me want to PUKE!!


5. And although white people, and most particularly white men, who are, in most cases, still in the positions that make the decisions for these things and THUS leave their orgs vulnerable to blind spots that they themselves have huge incentives to not get stuck on, bc like all
ALL
Rachel "The Doc" Bitecofer \U0001f4c8\U0001f52d\U0001f34c
Rachel "The Doc" Bitec...
@RachelBitecofer
1. What @WillieGeist is trying to get across to @NikemaWilliams on @Morning_Joe is that the GOP is nationalizing their message & making their message high stakes, tapping into voters anger at Trump's loss to get them to vote in a Jan. run-off & that Ds NEED TO DO THE SAME. Its

2. about giving Trump power- its about giving low-info voters, who are the bulk of the electorate motivation to cast ballots in the run-off. This is WHY turnout plummets in these things on the D side- the GOP keeps their messaging on stakes (control of the senate to fend off

3. socialism) while Ds go off into policy. That is a losing strategy. It just lost them nearly a dozen House seats & the chance to cut into partisan gerrymandering by flipping 4 state houses. They can't make that mistake here bc control of senate is everything here. If Ds have it

4. Biden can get some policy done- if Ds don't, the GOP will block everything. Biden will be a lame duck from day 1. So the message should be "hey voter, did you know you have a super vote? That's right, with your one vote, you can elect 2 senators that will give Ds control of

5. senate & with it REAL police reform. With it, Dreamers not getting deported to countries they've even been to- potentially to die from lack of insulin. With it, the power to save the pre-existing conditions coverage for millions of Americans, including Nicu babies who'd in
TRUMP
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Rachel "The Doc" Bitecofer \U0001f4c8\U0001f52d\U0001f34c
Rachel "The Doc" Bitec...
@RachelBitecofer
1. The ideal outcome @JRubinBlogger & @AliVelshi IS that the MAGA faction turns on the "establishment" part of the party & they tear each other apart. This is why only 20 M.O.Cs are acknowledging Biden- they are TERRIFIED of this. But I should make something clear & this is

2. something that @rickwtyler and this panel doesn't seem to be sending a vibe off that it gets and that is that absent some type of intraparty Civil War 2, the Republican Party is not a party in decline, heading into a sunset, its a party primed to go into the 2022 cycle & take

3. the Speaker gavel from @SpeakerPelosi! I mean, jeez guys- all of the stuff just talked about in terms of its abandonment of sanity, of the rule of law, of its dereliction of duty to the Constitution while it performs gross fealty to a swamp creature, all of that was true 1

4. month ago and what happened?? They gained 11+ House seats and potentially will hold the senate majority even though Ds had 6 pathways to it. 6! No, as craptastic as it is, despite the fact that it stood ready to execute a coup it spent months preparing for w Trump, the GOP is

5. STRONG right now. Its voters- and NOT just the nuts you see at the MAGA rallies, I'm talking about mild-mannered regular folks you run into at the bank and work with at Progressive Insurance- those folks are STOKED on the Trump Admin (albeit the Right Wing media over the past
POLITICS
Rachel "The Doc" Bitecofer \U0001f4c8\U0001f52d\U0001f34c
Rachel "The Doc" Bitec...
@RachelBitecofer
1. IMP ANNOUNCEMENT

I want to let you know when I made the decision to launch @StrikePac & directly get into electioneering I realized I wasn't going to continue issuing "race ratings" & "forecasts" each cycle- OBV that's a conflict of interest!

The hostility & sexism of

2. that world, I have to be honest, makes it very easy to walk away- the misogyny in the top tier of the election analysis community outside of @Center4Politics folks who are awesome & also more accurate than anyone else is intolerable. I'll still analyze politics, political

3. events, issue commentary, write articles, run the pod, go on TV, and generally succeed in ways that drive those men nuts but no, I won't be putting out ratings or "forecasts" anymore. Now, lots of people are asking me "what's going to happen in 2022?" The Midterm Effect, the

4. the long standing pattern of the president's party losing seats in the Midterm happens virtually every single cycle. I believe there are 2 recent exceptions: post-9/11 in the 2022 midterms and 1998 post-Lewinski gate. What I'm trying to do in building @StrikePac is completely

5. redesign/overhaul/modernize & reshape the way that Dems currently approach electioneering. I want to build a new organization with the funds capable of coming into cycle's like VA's 2021 cycle and the 2022 midterm cycle and start to deploy these new methodologies into the
CRYPTO
Rachel "The Doc" Bitecofer \U0001f4c8\U0001f52d\U0001f34c
Rachel "The Doc" Bitec...
@RachelBitecofer
1. Yes, @FareedZakaria's new book, Ten lessons From a Post-Pandemic World argues we don't need a big or small gov- we need a GOOD one.

We don't have that now & that is bc for decades now, the GOP has intentionally hallowed it out. Stripping it of funding under the auspice that

2. the only goal should be small. And as it turns out- that was stupid. And now we have a dysfunctional, as @maddow says, "big, bad" gov. Something that has been "wasted, and rotted and ruined." And its been intentional. Its been murdered, with no thought for how people would

3. suffer for it. COVID just put that suffering in a streamlined spotlight. But as @FareedZakaria points out- its the cherry on top of a 40 year plan that Bannon termed the final "deconstruction of the administrative state." As with the decimation of the economic tools that had

4. allowed the world's 1st middle class to emerge & flourish before The Great Lie ushered in the greatest wealth transfer in history. Not only were Americans bamboozled into voting away their wage increases, their pensions, & their health care (at least till 2010)- they were also

5. tricked into pissing away their country's superiority- its claim to fame, its ability to puff its chest out & say "look over here, we have the best _____. " I had no idea when I was a kid that we were not, in fact, the greatest country on Earth- at least not if you care about
BOOK

More from Crypto

\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)
CRYPTO
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
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Eric Tymoigne
Eric Tymoigne
@tymoignee
This "bitcoin is better than gold" statement going around once more show that bitcoiners have no clue about monetary history and what the purpose of a monetary system is. A thread.

1- Metal standards were never inflexible; they could not in order to operate properly. Qty of metal was changed, usually lowered, to accommodate for changing economic conditions: price of metal, scarcity of coins, financial needs of economic units (state and private), etc.

2- The purpose of a monetary system is to make the rest of the economy go. It is there to accommodate financial needs. The more elastic one can design the supply, the better.
That doesn't mean that monetary creation & destruction shouldn't follow any rules & have no constraint.

3- Rules and constraint impose depend on economic system and evolve over time has we learn how to manage better the system. In a capitalist economy, the private sector is subject to the profitability constraint. We have learned from experience that this is not enough.

3 (ii) Financial stability requires a "hedge finance" constraint for most private agents: profitability should be judged on income gains, not capital gains.
In the government sector, the constraints are ressource availability and political constraints.
CRYPTO
\U0001f42e Mikko Ohtamaa
🐮 Mikko Ohtamaa...
@moo9000
1/ ERC-20 token standard approve() has caused an unnecessary cost of $53.8M for #Ethereum and #DeFi users

This is bad. Continue reading why and how to avoid this in the future.

👇👇👇


2/ Before you go all rage on the flaws of my analysis, please read the whole Twitter thread for disclaimers and caveats.


3/ approve() is an unnecessary step of ERC-20 tokens when they interact with smart contracts.

You know this because when you do a Uniswap trade you need press two transaction buttons instead of one.


4/ Why there is approve() - you can read the history in this Twitter


5/ I queried all approve() transactions on Google BigQuery public dataset and calculated their ETH cost and then converted this to the USD with the current ETH price.
CRYPTO
Patrick O'Grady
Patrick O'Grady
@_patrickogrady
0/ Yesterday was my last day as the Rosetta Technical Lead at @coinbase. Starting tomorrow (crypto never sleeps, right?), I’ll join @el33th4xor, @kevinsekniqi, and the rest of the talented team at @avalabsofficial in building @avalancheavax.

1/ When I joined Coinbase out of college, I thought I “knew” blockchain. Boy was I wrong! Standardizing and scaling asset addition at Coinbase while collaborating with the top blockchain engineers at the top projects by market cap flipped my world upside down.

2/ I don’t think there is any other place that ramps you up into the magical moon math of crypto as fast as @coinbase and I firmly believe it is the best place for any crypto engineer to start their career. Good news! They're hiring!

3/ To all my former coworkers, I want to say thank you for everything you’ve taught me. I’ll never forget all the time and energy you spent helping me become a better engineer and a better person. I have no doubt that you’ll continue pushing Rosetta forward for years to come.

4/ For the next few months, I’ll remain an advisor to the Rosetta project. I will lend a hand to asset issuers implementing Rosetta for the first time and chime in on high-level design decisions.
CRYPTO

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SK
SK
@sk_diary1
A #story from #Thiruvilayadal puranam- one of divine leelas of Bhagwan Shiva

#threadseries #madurai

Koodal Kaandam

Story 21 - it is about how stone elephant came to life and ate sugarcane - When Raja Abhisheka Pandyan met Ellam Valla Siddhar

கல்யானைக்கு கரும்பருத்திய படலம்


Raja Abhisheka Pandiyan went ahead to meet Ellam Valla Siddhar on the premises of the temple.On seeing the arrival of Raja, people surrounding Siddhar moved back. Abhisheka Pandiyan introduced himself to Siddhar &asked about his whereabouts.Also his purpose of visit to Madurai.

Raja asked why he performed magical acts, does he expect anything from him or people of Madurai.

Siddhar laughed & replied to Raja that he was from Kasi. He had heard a lot about Madurai in Kashi.Also told that this place is a Mukti Kshetram,so he had come to stay here.

Siddhar asked Raja if he has the capability &power to give anything that he asks for. Siddhar told King that he has power to do things even if he think of it.Siddhar asked King to ask whatever he wants & it would be provided, whatever these people had asked, they were granted.


Abhisheka Pandyan was shocked to receive such a reply from Siddhar,& he decided to test the power of this Siddhar. By that time, Raja saw a person in crowd having Sugarcane.

Raja took Sugarcane from that person.
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Julien \U0001f332
Julien 🌲
@julien
1/ there is this sense when you are young that your accomplishments need to be a list of things that seem impressive to others. A list of several items you did.

This isn't actually right, so here is another suggestion.

2/ I remember being 26 and writing about reading 52 books a year. I wrote blog posts about it. They got copied. It became "a thing." Now it's in Twitter bios. It looks impressive but it's insanely useless and I shouldn't have done it.

3/ what I should have known at that time is that only young idiots like myself, with no accomplishments, find list of tiny achievements impressive. Anyone who has actually done anything of substance doesn't gaf

4/ what is actually difficult, and worthwhile, instead is to do ONE single thing for a very, very long time. It's much harder and much rarer and results in outlier outcomes much more often.

Of course you can find this out too late if you are chasing the dragon of Ted talks etc

5/ if I had only worked on a startup for a year, I would've gotten nowhere, the same way that if you lift for 3 months, it achieves nothing. Everything good in life comes from perseverance, but at the beginning, you're just like "I need to be somebody!!!"
LIFE
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Chuck Wendig
Chuck Wendig
@ChuckWendig
TRUMP: "I've decided to eat babies."

PEOPLE: "He can't eat babies, that's super illegal."

TRUMP, on TV, eating babies, not even cooking them first: "People are saying that I really am the best baby-eater, folks."

NYT: "Trump Vs. Babies: The Rhetoric On Both Sides Must Stop"

Jeff Flake tweets: "It is a sad day in America when this callous man can eat babies live on TV"

Jeff Flake, 10 seconds later, votes to help him install a series of 4,000 new judges that are very, very pro-babyphagia.

Judge Kavanaugh, found drunk in a Capitol Hill closet: "I LIKE BEER. OKAY? I LIKE BEER AND I LIKE BABIES AND THAT'S NOT SO WRONG. THAT'S RIGHT. I LIKE BABIES DIPPED IN BEER. I JUST DIP EM. IN THE BEER. THE BABIES. THE BABIES I EAT. OKAY? THAT'S AMERICA."

Mike Pence, wringing his hands about the baby-eating: "We must take care of our children. Our youngest must be protected on this troubling day."

Mike Pence then invites a Baby Chef to say a prayer.

Twitter Users: "It's a distraction technique! Trump eating babies is trying to DISTRACT YOU from ALL THE OTHER HORRORS, which are themselves distractions from the BABY-EATING. It's DISTRACTIONS ALL THE WAY DOWN."

Trump: *eats tons of babies at a rally*

*literal tons of babies*
POLITICS
Aditya Todmal
Aditya Todmal
@AdityaTodmal
MASTER THREAD on Short Strangles.

Curated the best tweets from the best traders who are exceptional at managing strangles.

• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria

How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr

• When to sell
• How to do Adjustments
• Exit


Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in


1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr

• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only


2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.

• Identified a reversal and sold puts

• Puts decayed a lot

• When achieved 2% profit through puts then sold
OPTIONSLEARNINGS , ALL , OPTIONS STRATEGY
Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
SRI BANASHANKARI AMMAN, BANGALORE
#bharatmandir

Located in Southern Bangalore, this is one of the most popular places of worship in Bangalore City.
Devoted to Devi Banashankari, this shrine is visited specially during Rahukala which is believed to be an unfavorable time.


Somanna Shetty, a great devotee of Devi, brought this murti from Badami’s Banshankari Amma Kshetram.
It is said that many years ago, three ladies visited this shrine and requested the pujari to conduct puja for them. Since it was the inauspicious rahu kaal, the pujari refused.


However, upon their insistence, he conducted the puja. When he returned with prasadam, the ladies vanished. This made the people believe that they were none other than the Devi herself. Since then, the people perform poojas here during the Rahukaal.
@GunduHuDuGa


People use lemons as a diya. Lemons are cut from the centre and their pulps are removed, for pouring oil in them.
It is strongly believed that Devi removes all the troubles from the life of her devotees during the Rahukala although it is considered inauspicious for any pooja.
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