BC GOOD
Saved by @floyd_ndlovu

My recent article on Ethereum provoked a lot of responses in favor and against, which is good.
https://t.co/WjrJt4VFxL

One of my goals is to identify what is an institutional-grade blockchain, and what is not yet one.

 For example, when I bought BTC in April 2020 at $6.9k, this ended up being right ahead of a wall of institutional money that came into BTC throughout the year.

The risk/reward ratio was very strong. Not the highest absolute return (could have bought TSLA yolo calls), but great.
More importantly, I like the BTC project, the ecosystem, what it enables, and the options that it gives to people around the world.

Permissionless payments and self-custody stores of value are important for the world to have.
From there, we'll see what else works in the ecosystem over time if anything. There was an ICO boom/bust, and there is currently a DeFi boom.

Certainly one thing here to stay for a while is stablecoins of various types.
Ethereum itself is in rapid development on the base layer, figuring out how to scale, shifting from PoW to PoS, etc. Institutions are hesitant to put billions into a project like that; a small side bet perhaps.

Hence my 80/20, 90/10, or 100/0 BTC/ETH description in the article.
If you're deep into development of Ethereum and bullish on it, then consider my critiques a good thing. Because if you solve various problems, then institutional money may follow.

On the other hand, I want to make sure folks are aware of risks, to not lose money on altcoins.
I chatted with the folks at @BanklessHQ last week about macro, and we touched on DeFi: https://t.co/AAO4qSSIh5
And a couple months ago, I chatted with @AlexSaundersAU about macro, Bitcoin, etc: https://t.co/OUO4oHJH0a
In any one cycle, all sorts of malinvestments can happen.

Over the course of multiple cycles, through bull and bear markets, we see what creates persistent market demand, and what solves genuine problems in a sustainable way.

May the best projects succeed.

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Conviction | Patience
Conviction | Patience
@unseenvalue
H was always unseen in S2NL :)

Those who exited at 1500 needed money. They can always come back near 969. Those who exited at 230 also needed money. They can come back near 95.

Those who sold L @ 660 can always come back at 360. Those who sold S last week can be back @ 301
UVLEARNINGS
Steve
Steve
@braidedmanga
Ivor Cummins has been wrong (or lying) almost entirely throughout this pandemic and got paid handsomly for it.

He has been wrong (or lying) so often that it will be nearly impossible for me to track every grift, lie, deceit, manipulation he has pulled. I will use...


... other sources who have been trying to shine on light on this grifter (as I have tried to do, time and again:


Example #1: "Still not seeing Sweden signal versus Denmark really"... There it was (Images attached).
19 to 80 is an over 300% difference.

Tweet: https://t.co/36FnYnsRT9


Example #2 - "Yes, I'm comparing the Noridcs / No, you cannot compare the Nordics."

I wonder why...

Tweets: https://t.co/XLfoX4rpck / https://t.co/vjE1ctLU5x


Example #3 - "I'm only looking at what makes the data fit in my favour" a.k.a moving the goalposts.

Tweets: https://t.co/vcDpTu3qyj / https://t.co/CA3N6hC2Lq
FINANCE , ALL
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Ryan Caldbeck
Ryan Caldbeck
@ryan_caldbeck
1/ I am seeing more and more founder secondary in venture rounds (Secondary = founders selling some of their shares before some other shareholders are able). Series B-D. I see both as an investor and through entrepreneur circles.

2/ I like secondary for entrepreneurs. Moderation is key but in a lot of situations I think it helps accelerate the co. Lots of very smart investors disagree. Here are my thoughts.

3/ Magnitude: My basic rule of thumb from what I see is market is 4+ yrs and up to 10% of founder’s equity stake with some $ cap that makes sense given stage etc. (typically <$10m)

4/ The entrepreneurial journey is brutally hard. Giving some financial relief helps remove one piece of pressure. I don’t think that secondary in the magnitude mentioned impacts the drive/persistence of great entrepreneurs.

5/ That secondary means they will be able to just sleep knowing they can pay their kids’ tuition. Secondary will make most founders better at their jobs, thus accelerating the co.
ALL
Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
DEVI KARUMARIAMMAN, THIRUVERKADU (TN)

Devi is worshipped here as both Swayambhu (self-manifested) and as Parashakti (with 4 arms holding skull,sword,trishul,udukkai/damru).

Here, Muruga got Vel from Devi to fight Suran. So the place was called Vel kadu which became Verkadu.


It is said that there was an anthill here long ago. Devi appeared in the dream of a devotee and asked him to build a shrine at that spot. When the anthill was removed, the swayambhu murti of Devi emerged. So Devi is called Karuvil Illadha Karumari ( not in the womb of mother).


Once, Devi went to Surya in the form of an old woman but Surya neglected her. Devi’s anger made Surya lose his brightness.
To appease her, Surya said that His rays would fall on Her directly twice in a year and touch her feet. Also, Sunday is celebrated as day of Devi Karumari.


There is also a wooden image of Devi (Marachilai Amman) here. Devotees offer locks to her in the belief that She would safe guard their houses.
Temple tank (Thiruchamber Poigai) is said to have been created by Subramanya. Taking dip in it is said to cure skin related disorders.
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Alex Stamos
Alex Stamos
@alexstamos
The entire discussion around Facebook’s disclosures of what happened in 2016 is very frustrating. No exec stopped any investigations, but there were a lot of heated discussions about what to publish and when.


In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.

In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.

This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.

In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.
TECH