BC CRYPTO
Saved by @Mollyycolllinss

1/22 Why XRP will beat Bitcoin.

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

A thread. 👇

 2/22 Despite last night's major Bitcoin correction, it still sits at $33k, well above the last bull run's all time high. With XRP currently at $0.28, it may seem rather ridiculous to think XRP will ever become #1.
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!
5/22 Bitcoin's primary advantage is its early adoption. It caught on earlier and became the front runner of crypto. Don't underestimate the power of being first. It gives a massive advantage. But it doesn't GUARANTEE being the winner long-term.
6/22 The world is full of examples of market leaders that lost their lead because they failed to innovate and lost ground to better tech. Kodak, Motorola, IBM, Atari, Yahoo. All of them were #1 at one point and seemed unbeatable..until somebody beat them. https://t.co/dVUr149H3i
7/22 Bitcoin has a huge lead in the race, yes, but its basic design has a number of flaws. We can't fault Bitcoin's creator for these flaws. As a developer I know that sometimes software has to be out in production before you realize that your design has real issues.
8/22 CTO of Ripple David Schwartz, the XRP boss-man himself, points out that Bitcoin is slow, expensive and lacks important security features that XRP has. Bitcoin also relies on miners who want high fees while users want low fees, a problematic conflict. https://t.co/SJgotgNRG7
9/22 Then there's the massive power requirements of mining Bitcoin. And because Bitcoin's Proof of Work is based on miner competition, those requirements will only grow as players jump in to compete for the rewards from Bitcion's rising price. This is unsustainable.
10/22 Proof of Work is designed to solve the double-spend problem. It DOES solve the problem, but it does so very inefficiently. Horse/buggy innovation solved the transportation problem, but when cars/trucks came along and fixed inherent flaws, horse/buggy disappeared.
11/22 For an innovation to beat the market leader, it has to be a lot better. Jeff Booth, an accomplished tech entrepreneur and Bitcoiner, states in his book "The Price of Tomorrow", that new tech needs to be at least 10x better than current tech to beat it (MySpace/Facebook).
12/22 Of course, Mr. Booth also states that Bitcoin is 10x better than fiat money, and he's correct. Because Bitcoin IS so much better than fiat money, it's no surprise it's done so well. But is there anything that's 10x better than Bitcoin? Yes, XRP. Here's why:
13/22 When Bitcoin isn't in a raging bull run, its average transaction time is about 10 minutes. It's much slower when lots of transactions are happening. XRP transactions take 3-4 seconds, in or out of a bull market. At bare minimum XRP is 150x faster than Bitcoin.
14/22 On a normal day, Bitcoin's average transaction fee is around $0.50. Right now it's much higher (my last Bitcoin transfer cost $4). XRP's transaction fee is currently at $0.0000028. At bare minimum XRP is 178,571x cheaper than Bitcoin.
15/22 Even if XRP's price reached $100/token, its transfer fee would still only be 1 tenth of 1 penny ($0.001), 500x cheaper than Bitcoin on a normal day (~4,000x cheaper right now).
16/22 In terms of security, Bitcoin's design makes it susceptible to a 51% attack. Whoever owns 51% of the hash power can successfully attack it, though researchers at Cornell Tech believe it could be done with only 21% (BDOS attack). https://t.co/ZnX89WBh7p
17/22 XRP uses Consensus Protocol, not POW. The value of the token itself has no impact on the security of the network, and 80% of all validators would have to be compromised in order for a successful attack to take place. I'd call that a 10x improvement. https://t.co/toBLtVz4Te
18/22 What about market potential? Bitcoin is referred to as Gold 2.0. Gold's market cap is about $10 trillion. Bitcoin is too slow and inefficient to work for payments, so store of value is its best bet.
19/22 XRP is efficient/cheap/secure, and is built to be a bridge currency. That means potential for markets like cross-border payments ($6+ trillion/day), ForeEx ($6.6 trillion/day), DeFi (???), CBDCs, stablecoins, etc. Bitcoin cannot handle any of those. https://t.co/WBHCTrwD4Q
20/22 So XRP's market is potentially hundreds of trillions of dollars. Of course that will take time and is not certain, but XRP *is capable* of handling it. Bitcoin isn't, so its market potential tops out with its store of value potential. Another 10x in favor of XRP.
21/22 The path ahead is promising, but uncertain. XRP needs regulatory clarity. I believe it will get that clarity, and when it does a huge world of applications opens up for Ripple, the largest company in the XRP space and a leader in crypto innovation. https://t.co/5QfB26fOwi
22/22 SUMMARY: Bitcoin is the current crypto leader, but leaders fail when 10x better tech comes along (Kodak, Motorola, IBM, Atari, Yahoo). XRP 10x's Bitcoin in speed, cost, security and market potential, and is therefore poised to soar beyond our wildest dreams, so HODL on!
More XRP explainer threads in plain-language. https://t.co/4DikZmD84I
👀☝️🙏 @xrp_mami @RuleXRP @MackAttackXRP @CryptoBull2020 @Kevin_Cage_ @XRP_OWL_ @XRPNews_ @2020Xrp @RoseXRP @CredibleCrypto @XRPcryptowolf @BankXRP @XRPNurse @DualityXrp @MoonLamboio @WorkingMoneyCH @BakkupBradley @sentosumosaba @Santiag78758327 @jungleincxrp

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Dan Held
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1/ Bitcoin: a bold new world.

Satoshi published the white paper on 10/31/2008. Right at the moment of peak despair during the 2008 financial crisis. Trust had been lost in a world that ran on trust.

2/ But why October 31st? It certainly wasn’t because Satoshi was a fan of halloween, it must have had a deeper meaning. With all of his actions, he demonstrated a careful precision.

He had been working on Bitcoin for at least a year and a half before publishing the white paper.

3/ “I believe I've worked through all those little details over the last year and a half while coding it, and there were a lot of them. The functional details are not covered in the paper, but the sourcecode is coming soon” - Satoshi Nakamoto

4/ On August 18, 2008 Satoshi registers registers https://t.co/rMWwiEwtxT through https://t.co/Uj8lMr10kB.

Satoshi was ready and waiting to hit the send button throughout 2008. What was so special about October 31st?

5/ I believe that Satoshi published the Bitcoin white paper on 10/31 as a hat tip to the ancient Gaelic festival of “Samhain” which was also the date in which Martin Luther nailed his 95 Theses to a church door. Both represent an end of the old and the beginning of the new.
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Meltem Demirors
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1/ crypto VC is going through an explosive 🧨 phase

there are big funds (>$500M AUM), a lot of small funds (<$50M AUM), and *tons* of prop firms + angels

i’ve done 15 deals in the last 3 months as an angel + small fund @CoinSharesCo VC.

observations + implications... 👇🏾

2/ the big firms need to deploy in size - $5M checks and up

a $250M fund could do a $5-10M deal every month for two years and still be under-allocated

and there aren’t enough companies raising series B / C / D rounds!!!

every deal i’ve done lately is under $50M valuation

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a recent series A financing had two firms competing to take down the ENTIRE ROUND, and it eventually got upsized, a LOT.

if a company is putting up user acquisition / growth and a revenue story, it’s highly competitive

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so the valuations go up, but available allocations go down, resulting in an even bigger squeeze on allocators who *need* to deploy

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V.H.
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Lots of people are sleeping on one the biggest things @quant_network is currently involved in-ODAP (Open Digital Asset Protocol).

So what is exactly #ODAP and why this makes $QNT one of the most significant and, regarding #crypto mcap, undervalued projects?

Time for a THREAD⬇️


1/ODAP is the protocol for communication between gateways, primarily with an enterprise focus.
So banks, central banks etc. would run a gateway in Overledger Network and ODAP would be the protocol for gateways to communicate with each other in a secure and trustless manner. $QNT


2/ #ODAP Interfaces are the open source connectors that will connect a gateway to #blockchains and any existing network / API. That is based on the standards from work done at ISO TC 307 which 57 countries are working towards.
$QNT CEO Gilbert Verdian is the founder of TC307.


3/We know from the submitted drafts via #IETF (the Internet Engineering Task Force) $QNT is working on #ODAP with:

✅@MIT

✅@intel

but, there’s more to the story as we found out from Gilbert that US Government, Juniper, payment and telecom companies are also there.


4/So how it all started with #ODAP?
Let’s go back to $QNT CEO Gilbert Verdian’s interview with Santiago Velez on #RealVision (October 14th) and try to put all the pieces of the puzzle together.
I’ll forward his words ⬇️
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Emperor\U0001f451
Emperor👑
@EmperorBTC
🚨Altcoin Trading Indicator🚨

How to use it. A THREAD.

Please Share.

To use it to buy Altcoins and make a high probability entry, the following conditions needs to be fulfilled.

For a long.
1. A green candle Closes above the cross.
2. Heikin Ashi candle turns green.
3. Price should be above 0.236 Fib from the swing high.


How to add the Indicator.

1. Click on the link and Add it to favorites and apply.
https://t.co/Kn90qgDjMi

2. Or Search it in the tab and then apply it.


The indicator itself the most comprehensive Moving Average Indicator which provides 9 MAs and 13 Different times of MAs.

The base of the indicator was by @insiliconot.

To further enhance it, I have added a cross indicator on the cross which works the best historically on Alts.


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Emperor\U0001f451
Emperor👑
@EmperorBTC
Master class on HEAD & SHOULDERS pattern for trading Bitcoin.

A thread.

Comprehensive guide to head and shoulders pattern. Made exhaustive enough for Trading purposes.

t’s a frequently occurring, misunderstood and arguably the most useful pattern.

RT would be appreciated.

H&S is probably the first pattern a trader hears of. Here is what we will cover.

Content
1. Nature
2. Identification
3. Occurrence
4. Historical performance
5. Finding entries
6. High probability trades
7. stop losses
8. Miscellaneous
9. Conclusion


Nature

The head and shoulders top is a reversal, bearish pattern, signifying a prospective drop in future prices.

The formation of pattern with a breakdown from its neckline(base) starts a probable bearish move.


Identification.
A prospective H&S pattern should have 3 distinct peaks. The middle peak is the head. This is the highest point of this pattern, sitting in between 2 shorter peaks, i.e. the shoulders. There must be an overlap in prices of these 3 distinct peaks.


The line where these prices overlap is called the neckline. A head and shoulders pattern is easily visible. So, don’t force yourself into finding it. The more times the prices overlap, the stronger is the pattern.
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