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.

2) In sum, the purpose is to contest the popular view, because popular opinions are so frequently found to be untimely, misled (by propaganda), or plainly wrong.

3) When everyone thinks alike, "everyone" is likely to be
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.

4) Caution: The contrary theory is a way of thinking, but
let's not overweigh it. It is more of an antidote to general
forecasting than a system or forecasting.

5) Human traits that make the theory of contrary opinion
workable, include:
Habit
Emotion
Irritability
Custom
Greed
Pride-of-Opinion
Imitation
Hope
Wishful Thinking
Contagion
Impulsiveness
Fear

I am going to be using #bitcoin & borrowing from myself to buy my first rental property.

Want to know how?

Time for a thread...👇🏻👇🏻👇🏻

At the beginning of 2020 I set a goal for myself to accumulate as much #bitcoin as possible.

Now this thread isn’t really about whether or not you believe in bitcoin, but more about how to use leverage and other peoples money (OPM) to buy yourself more assets.

Let me explain...

Step 1 - I took all of 2020 to accumulate #btc and put it on an exchange (Blockfi) that pays me interest on my bitcoin.

Not only have I acquired multiple coins this year, but I’ve created a $100+ gain per month in interest as well (another source of cashflow).

I can now utilize this platform to take loans out against my position (which is in the mid 5 figures.)

Double winning:

I can take a $ amount loan out against my bitcoin and use that to pay the 15% down required on a rental property and allow the bank to pay other 85%.

How I am winning #1:

I am borrowing from myself and a bank to acquire another asset.

That real estate 🏡 will be paid for by someone else and produces more cash flow for me.

I will use that cashflow to immediately pay off the loan I took against my bitcoin.

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.

Big #Altcoin thread for $ALTS: Where are we at in the cycle, how long do we have, is this #ALTSEASON, what are the relationships like, all of that. $BTC #Bitcoin $ETH $LINK #Altcoins

First: What is #Altseason? The true altszn was seen in 2017/2018, where $BTC fell off a cliff and $ALTS were the 'safe haven' from btc dumping. ALTS went literally 1000%+ (many much higher). Since that time we have seen many #Altcoin pumps, starting primarily in late Q4 each year

These Altcoin pumps are usually 20-1000% gains on nearly the ENTIRE #Altcoin market. This is awesome to see and genius season- you can't lose. Dips are bought up quickly and both ALT/USD and ALT/BTC pairs pump HUGE. Are we currently in that environment? I'm not quite sure tbh.

I think that $BTC still has a little more gas in the tank, which would result in ALT/BTC pairs suffering IMO. You can see more of my thoughts on #Bitcoin below, but I think that we could see 1 more shakeout + then we could see a big run starting in December 2020 for $ALTS

As an #Altcoin trader, you need to understand several things for the environment in which to trade $ALTS successfully:
- $BTC PA
- $BTC.D
-Seasonality
- $ETH
- and much more

🧵Thread: 10 Rules for Verification on a #Bitcoin Hardware Wallet 👇

Rule #1: DO NOT TRUST THE COMPUTER SCREEN.

The very reason for using a hardware wallet is that your computer IS compromised, trusting it makes using the hardware wallet an expensive security theatre (or 2FA at best).
Always verify on the HWW device screen!

Rule #2: Verify your "receive" addresses BEFORE accepting funds.

A compromised computer can be tricked into displaying addresses that belong to an attacker. The only way to make sure you own the addresses is to display them on the HWW device and verify they match.

Rule #3: Verifying change address should be done by the device when sending funds, not before like receive addresses!

It is pointless at best, and misleading at worst, to verify them beforehand like receive addresses...

All hardware wallets support verifying the change address belongs to you AT TIME OF SIGNING A TRANSACTION.
Verifying before that is pointless and error-prone.

Now let's talk some multisig...

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.

Here's my 2021 Crypto Strategy:

Note: Not a financial advice. It is just my opinion after doing my own research (#DYOR). I'm a complete newbie btw.

1. Dollar-Cost-Averaging (DCA) for these 6 coins (HODL)
- Bitcoin (BTC)
- Ethereum (ETH)
- Polka Dot (DOT)
- Cardano (ADA)
- Binance (BNB)
- Litecoin (LTC)

I choose these 6 bcs they are all TOP 10 Coins, they have the biggest market cap which means less risky than other coins.

DCA means I'm going to topup for all of these coins everytime ada duit lebih/dapat gaji.

But I will only buy when price dip / during correction

How to know when price dipped?

I use TradingView (free version) - guna RMI and Stoch indicator, if it touches the lower line it means it have been oversold - under 4h timeframe (because I'm a long term investor). This is to avoid buying at the top.

For example:

This is Bitcoin on TradingView. Under 4h Timeframe, indicator RMI & Stoch. I'll buy when RMI and Stoch touches the lower line. Boleh nampak lepas buy at dip, the price terus naik.

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/

0/ Predictions for 2021:
(This is not investment advice, or any other type of advice. DYOR)

1/ #ETH hits new ATH(s).

2/ #Bitcoin breaks $55K; but BTC YE2021 close is < $30K.
wins!

3/ > 3 billion-dollar crypto IPOs successfully occur (eg CoinBase, BlockFi, et al).

4/ @SBF_Alameda’s ‘off-chain BTC folding’ strategy goes unnoticed; whole crypto ecosystem wins!

Story time. There will be a couple crypto wallet addresses at the end of this one.

You follow this account, you know that I straddle the terminator - one foot in light, one in shadow. Good-ish bad guys, bad-ish good guys, I've never belonged anywhere else.

Right before the election, I was shown some things. How it started, it was worth following. Caution was indicated. *extreme* caution.

Given the starting context, the amount of time, the volume of information, the veracity of the parts I can check without triggering suspicion ... it's real and I think there'd be some advantage to getting it all.

This is going to require some bare metal in a facility outside the U.S.

This is something that will stay up, maybe clear till the midterm election.

And it needs a significant amount of disk space, for unpacking and sorting and such.

$BTC & $USDT & the criminal cartels that pump the prices of BTC while laundering out real fiat profits through their exchange partners. While tax evasion & general financial malfeasance is problematic enough, one has to wonder what else is occurring with the laundered funds ..1/

Despite the romantic, libertarian view of Bitcoin subverting the oppression of the centralized fiat economy, in reality, the backers were also engaging in drug smuggling, assassination markets & human trafficking. 2/

While some of Bitcoin’s ideology of civil disobedience & the hope of building a shining new economy upon the distributed ledger was exciting for a time, the Bitcoin Civil War side-tracked the project heavily. 3/

Once Dread Pirate Roberts and The Silk Road was closed down, nastier websites emerged, and so too did some of the shadiest venture capitalists in the world — necessitating the split of the Bitcoin protocol away from the BTC economy in 2017. But this requires some context. 4/

Unfortunately, in the era spanning 2014-2016, venture capitalists created media entities such as CoinDesk & Cointelegraph, development groups such as Blockstream & MIT Digital Currency Initiative, exchanges like Coinbase & Bitfinex, 5/

The global blockchain market is growing fast & it is expected to grow from USD 3.0B in 2020 to USD 39.7B by 2025 at an impressive CAGR of 67.3% during 2020–2025. The global fintech market has also significantly grown over the past 2 years & so is the case in Southeast Asia. (1/n)

2) Thanks to the increased application of blockchain & cryptocurrency in the region.
With a total pop. of 570M, a young demographic & high Internet usage, Southeast Asia (SEA) is promising for companies & investors in blockchain & crypto.

#Blockchain

3) The use of blockchain in SEA has certainly come far ahead from the time when the technology was seen as another speculative commodity or a mere passing fad.

Today, the application of decentralized finance (DeFi) is under the limelight.

4) The region’s fast-growing economies are well-positioned to drive adoption of #blockchain & crypto. As each country competes to stay relevant in today’s digital age & embrace emerging technologies such as blockchain & #cryptocurrency, large-scale adoption is the key to success.

5) Here’s an overview of where the region is headed in terms of blockchain w/ respect to digital financial transactions.

As the financial hub for SEA, Singapore plays a critical role in supporting the region to push it forward technologically & financially.

1. Ultimate blockchain, NFT and crypto learning thread 👇

(warning 100's of hrs of content)

2. @CalBlockchain 's Spring 2021 fundamentals course: slides and

3. @tferriss @naval and @NickSzabo4 's podcast about crypto and

4. Similar one to previous but @tferriss, @naval and @VitalikButerin 's podcast on scaling, ETH, NFTs and

5. @a16z Crypto startup

1/

So what actually moves the prices of cryptocurrencies? We spent over a month parsing through data to answer that question for you 👀👀

Special thanks to @eToroUS for partnering with us on this research

A thread:

2/

Leveraging The TIE’s Crypto SigDev™ feed we set out to identify whether news moved the crypto market and what, if any, impact sentiment had following key announcements.

SigDevs are news on token updates or major events (like M&A and Listings).

3/

Looking at ​maximum price increases within 24 hours after different SigDev announcements, we see that certain announcements tend to procure more responses than others. These are ordered from left to right in order of increasing average positive effect on price.

4/

These initial results are intuitive: one would expect 51% attacks — a negative assault on a blockchain — to not typically have a positive effect on price, while getting listed on a new exchange (“L​isting​”) increases demand for a cryptocurrency and thus should increase value

5/

Although Listings and Partnerships have an immediate large influence on price, it does not mean the increase is sustained.

We looked at how sustainable each SigDev was. Specifically, the max price 24 hours after each SigDev compared to the following week's average price

@VentureCoinist @HypeBillion @MycolePawket If the whole world settled on one stablecoin, I'd agree with you. But stablecoins are always going to be tied to jurisdictions and counter-parties too. So it is unlikely one winner will emerge.

@HypeBillion @MycolePawket Today, one of the roles of the dollar is acting as an intermediary or bridge between currencies. For that role, its tie to the US jurisdiction is both an advantage and a disadvantage. Better US than a worse jurisdiction, but a pure digital asset is better still.

@HypeBillion @MycolePawket Imagine a future (maybe not so far off) where everything is tokenized and you can have your salary agreed in dollars but gold gets delivered to your wallet and you can buy groceries by selling tokenized shares of a REIT.

@HypeBillion @MycolePawket In that world, there will need to be concentrations of liquidity. You can't go from gold to shares of an obscure REIT by finding people who want to go those same shares to gold. The liquidity-concentrating asset likely can't be one country's currency. How could that be universal?

@HypeBillion @MycolePawket So, sure, if you get paid in dollars and pay your bills in dollars, it may make sense for you to use a dollar-denominated stablecoin for short-term holdings and payments. Absolutely.

“What do you think about Ethereum?”

A question all Bitcoiners should have a good answer to when their friends and family ask them.

A few thoughts beyond the “shitcoin” meme...

The truth that ETH devs won’t admit is that they’re a bunch of tech nerds that want to hack on something exciting. Their priority isn’t to move humanity to sound money. They want to build the next big thing and feel like they’re on the cutting edge. Typical developer / SV mindset

Bitcoin is a binary bet on the whole market. There are two possibilities:

1. Bitcoin survives and goes to $10MM a coin because it is humanity’s first perfect money

2. Bitcoin is destroyed by central bankers / governments in which case ETH will certainly meet the same fate.

We know exactly what Bitcoin is.

Perfect money: Scarce. Transferable. Divisible. It’s doing one thing, and doing it well. And that one thing has enormous upside potential. Buy it, hold it, and don’t worry about it changing.

Ethereum on the other hand…

I’ve seen Ethereum change from:

- The new Internet infrastructure (lol at Blockchain replacing relational databases)
- Crypto Kitties with massive gas fees
- ICO scam platform
- “Eth is money”
- “Eth is bonds”
- DeFi platform for a bunch of two-bit startups relying on AWS