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Saved by @Alex1Powell

I'm having difficulty seeing the need for any other currency in the world other than G$.

If it works, and it is decentralized, then why would we need more than one global-reach currency?

If it does the job perfectly, then why do we need another?

 I don't mean there won't be others. What I mean is that maybe Crypto UBI will be like the existing non-democratic crypto market ranking. There will be a first-place market cap amount, and exponential decay to the #2, #3, #4, etc.
This is in contrast to the simplistic view where we assume there will be X systems and they all have more or less the same abstract Y market cap or reach, and they all add up to an integrated system with X*Y market cap.
All you have to do is design the controls the way they want to be designed. If you don't introduce some unneeded damage in it, then there won't be the need to come up with another system that fixes the damage and actually does complete "the system" that we will use.
E.g. Bitcoin would have worked, except it introduced the damage that is Proof-of-Work, which means it is unusable and will be replaced by Ethereum, which will use PoS, thus fixing the damage.
From the GoodDollar simulation page, and from public statements from the people in the project, the GD project can be seen as a long-term project, in the 2020 planet-melting sense of long-term, which is not that long.
The success of GoodDollar depends on US Dollars. GoodDollar is animated by the previous currency construct, which has a hegemonic hold on people's imaginations (earned through a realpolitik effort by imperialism, war, etc.)
GoodDollar takes the old-world money and uses it as a referral to the money system that's going to replace it. It uses the story known as "Compound Interest" (a math trick that mesmerizes humans for some reason) to suck up legitimacy from a nondemocratic currency system to itself
Whereas compound interest (aka "permanent funds") were deployed before, and they are the technology behind the Quatinga Velho pilot by @ReCivitas, they were deployed as a means to achieve financial sustainability *in old-world money* to these UBI projects.
What GoodDollar is doing, as a "Web3" project, is reinventing money. The compound interest engine is, superficially, used to "pay" for people's Universal Basic Income in old-world money legitimacy that's proxied through a "crypto" (cryptographic & "pseudo") currency.
However, the only difference between a pseudo-currency that can technically function as a non-pseudo one is legitimacy. The pseudoness is not technical, but cultural, "legal", social.

All religions are fake upon their founding.
GoodDollar is using compound interest to produce a democratic currency.

In other words, GoodDollar is using one of the most powerful cultural spells we have ever invented as a perpetual engine that syphons legitimacy from the old nondemocratic monetary system to a democratic one
And so, GoodDollar depends on the deposits of US Dollars to get started doing its magic. Once the magic kicks in, more and more US Dollars will be donated to the fund, which is not controlled by anyone. And once "all" US Dollars are in it, then it's over.
At that point, the GoodDollar currency is the only currency that's moving around. And it is a democratic, UBI currency. It becomes what people consider "money." And nondemocratic currencies that are locked into their reserves can be forgotten, or even abolished.
Imagine the speed at which people will cast away these disgusting "fiat" (debt-based, non-UBI, capitalist) currencies and switch loyalty to UBI.

Of course, "conservatives" (including "financial conservatives") won't do that, because they are stuck in a racist, classist past.
But since the US Dollar is like every other "fiat" (debt-based, capitalist) currency in the world, its normal functioning has led to its accumulation by extremely skilled sociopaths who can pose as "good" people. The "billionaires" (now, trillionaires).
Not all billionaires are evil, but they /are/ billionaires, meaning there's something wrong with them. The exceptions just prove the rule.
And since we need US Dollars (used as a stand-in for all "fiat", debt-based, capitalist, deprivation-oriented money) to start GoodDollar's legitimacy-siphoning scheme, that means we need billionaires to donate to the fund. Our donations mean jack shit.
For a million (1,000,000) people to donate 1 billion dollars, each person has to part with $1,000, which they don't have. One (1) billionaire can fund what 1,000,000 people can't.

This strategy is absolutely dependent on rich people getting on board, if it is to cover the globe.
The only reason this is a long process is that rich people are evil and/or stupid and/or damaged in some other way. Otherwise, they could think about it for five minutes and just get rid of their money and dump it into the GoodDollar DAO-managed fund.
We don't need more than one UBI currency that implements this strategy. What we need is one currency that implements this strategy correctly, and no one will be able to surpass GoodDollar's approach. GoodDollar is what we are going to get w.r.t. that strategy.
Of course, there *will* be thousands of Crypto UBI currencies. But most Crypto UBI currencies won't use the "fiat reserve" approach. They will just be like every other community or local currency that has ever existed, and like most other cryptocurrencies: issue and use.
Reserve-less currencies will have the value of the community, and their "market cap" distribution probably will be far more even, because it is capped by region. These currencies may be global reach but the user base is not designed to be "everyone." It's like websites.
Or multiplayer games. Each game or site has a community of members. The website has global reach, but the "topic" of the game or site does not actually scale. Global reach is different from global scale (i.e. institutional reach). Global scale means the topic is "person."
Dailycoin has global reach but it has global scale problems. Its topic is "person" -- it is an institution -- but it is unreadable by most people. It is too alien. Maybe in 100 years.
Also the implementation is experimental. My *theory* is that a single identity oracle can literally cover the globe -- just like Facebook serves and identifies a billion people+ -- but I'm not actually sure of this and I certainly can't produce a proof of that.
So it is possible that Dailycoin needs the identity oracle to be a federated system controlled by a DAO, just like GoodDollar is going to do.
But my point is, there seems to be no point in duplicating GoodDollar.
You can create a different currency for a different community or a different topic. But there is only one globe and only one human species. So if that's your scale, you need only one implementation that is robust. If it is robust and a public good, then it's done.
Nobody goes dicking around in a Star Trek world suggesting that the Federation be replaced by a hundred of overlapping and competing Federations for fault-tolerance.
That doesn't mean it's bad to compete. More is always good. The point is, we don't need competition. My impulse is to contribute to the thing that's doing it right if that's not going to create a vulnerability in the ecosystem of things.
That's what it means to say that blockchain is a computing substrate that allows for the implementation of institutions. GoodDollar *would* be fundamentally vulnerable, and we *would* need redundant implementations, if we did not have Ethereum.
We need to SWARM rich people, especially very rich people, to stake into GoodDollar (GoodStake or GoodReserve).
But we have time to do that. GoodDollar has several years to develop all of the contract infrastructure, the DAO, etc.

Not too much time tho because the planet is dying.
The force that's destroying the planet IS debt. It is the competitive drive itself, which is generated by "fiscal/financial conservatism". As Charles Eisenstein noted, what we are doing is destroying nature and converting it into money. (Debt money).
That's why you need to read Charles Eisenstein's books. They are all free to read online. Read Sacred Economics and The More Beautiful World Our Hearts Know Is Possible.
GoodDollar has ONE problem, which is the initial token issuance problem.

Bitcoin laundered its early-mining rewards by way of the "Proof-of-Work" myth: the work of computers that privileged people own is confused with their own work, due to Proprietarianism.
The Seigniorage problem is the fundamental problem of "who is the first owner of a coin." It is an unresolvable problem. The only way to "solve" it is to issue it equally to everyone, which is also impossible because new people are continuously minted into existence.
Since it is somewhat unlikely that the GoodDollar token won't appreciate in value, the usual accusations of "scam" and of "privilege" will be thrown around. But then again, that's inevitable. Of course that the reactionaries will use that as a way to smear the project.
But it is guaranteed that detractors will use a willful misunderstanding of how the GoodDollar system works to attack it: that some people earned like 100 G$ a day in the early days whereas some went into the reserve and bought 5000000 G$ for $500.
The best thing we could do really would be a fundraiser to buy out the entire flat slope of the GoodDollar Bancor curve, and it will generate I don't know 50 billion G$ or something like that, and then we just burn it all.
My point is that the flat part of the Bancor curve, the early part, is like the "Ceremony" part of some Zero-Knowledge protocols like ZCASH: it is a pollution, an externality. But in the case of the Bancor curve vs. the Seigniorage problem it is a cultural pollution.
But this is just a story. It only really has relevance in cultural terms. In functional terms who gets the first G$s is absolutely irrelevant in contrast to what this existing system is doing -- the system that G$ and Crypto UBI and monetary democracy are trying to change.
I know GoodDollar has a part in its equations that's designed to keep the token price in check, and the parameters seem to be chosen carefully so that G$ can be an actual global currency and progress as such, with an appropriate timespan for success in that scope.
Maybe the fact that it is a long-term process is sufficient to use the sands of time to minimize the attack surface via moral panics by reactionaries. On the other hand, the Bancor curve is (usually?) an exponential, so it seems that at some point it does take off.
The curve has 3 states: 1, flat. 2, middle, 3, end. The end part is never reached, because it is exponential. But there's usually a visible transition from the flat part, which has like a ridiculously low asset price vs. the middle, where the "tension" with the end part develops
Unless I'm missing something, this is going to "happen" at some point. And lots of bitching and noise might happen. We don't want that. We want billionaires to buy the reserve because GoodDollar is the system we need and it's going to solve the entire thing for us.
Another thing that would be great would be the ability in GoodDollar for one to donate their own G$ into a pool that goes into the next UBI payment period.

So if I have 5 million G$ that I bought for $500 I can just donate them to the next G$ distribution cycle.
That is the same as burning G$. The cultural and monetary results are almost the same (99.99%).

Think about it: a healthy monetary system has no rich people. Only rich organizations, funds, institutions, charters, projects, initiatives, mandates. Not people.
The moment a healthy society with a monetary system has a person that has a lot of money, what that person does, being a healthy person in a healthy society, is to just get rid of it.
Personal ownership of money is incredibly stupid. Why do people even need money? Let money be an institutional thing. UBI is a way to push us towards a world where we all have more or less the same amount of money that is sufficient for us to live. As if money wasn't there at all
People walking around with personal money, to me, is like people carrying guns. This is the economic Wild West and all the men have economic guns. What we want to do is to create a world where people *genuinely* don't need to walk around economically armed.

More from Fabiana Cecin 🏴 🌹

Fabiana Cecin \U0001f3f4 \U0001f339
Fabiana Cecin 🏴 🌹...
@fabianacecin
The US peoples could create an organization that issues a RENT token that is nominally worth 1 USD each of debt as a kind of bond to every homeowner so there is no excuse and you will not be making other people homeless.

The government can do this kind of thing very easily and in fact, every government is doing this, but if your government won't and you have the tech and the social climate to pull this off without being assassinated then you should do it because it would work.

Social debt can be redeemed by anyone, anytime. The origination mechanism of a token tells the story of whether it will be redeemed by society in an entirely volunteer fashion.

If a RENT token exists, you know that it was created by people to avoid other people being evicted. Then you can choose to honor it if (i) you can (iia) you think rent is legitimate or (iib) you think it's strategic to help pretend rent is legitimate (iii) you believe the issuer

Democratic, bottom-up currency creation is a technology that we must hand to people. It must be trivial to create tokens, and we must learn the power of volunteering *towards currencies*. This is an entire social language that's going to emerge.
SOCIETY
Fabiana Cecin \U0001f3f4 \U0001f339
Fabiana Cecin 🏴 🌹...
@fabianacecin
OK let me try math again.

GoodStaking: you invest X, like you would in a savings account. After many years it produces Y interest, of which Y/2 go to the reserve over time, and Y/2 becomes G$ that you own.

No, that's wrong. Jesus.

The entire Y goes into the reserve, and that generates a Z amount of G$.

Z/2 goes to people as UBI.

Z/2 goes to you.

OK, so I wasn't that far off.

If I donate a large amount of money to the reserve, what I am doing is emulating a large Y. I'm taking a ton of money that I *have* (so it would be a "principal" today, a X) and pretending it's like a Y of someone else that will do GoodStaking.

The money that I have is a small X. It will generate a small Y. Instead, I want to take my small X and pretend it's a large Y, which would originate from a large X. That I don't have. Because I'm poor.

So if I want to make the largest possible impact into the UBI reserve, to make a splash, and help it be noticed, I can take the small amount of money I have, the X I have, and pretend it's a Y of staking, and time warp it to the present and use the X to buy G$ from the reserve.
TRADING
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Fabiana Cecin \U0001f3f4 \U0001f339
Fabiana Cecin 🏴 🌹...
@fabianacecin
Before I try to solve the GoodReserve vs. GoodStaking problem, which involves math and time and interest, let me solve something easier, which is all of modern politics.

Here's an example. When the pandemic was in the first wave here in Brazil, you could see lots of cultural noise about the fact that rich people were not dying because they got hospital care, whereas poor maids etc. were getting infected by rich people e.g. coming back from Italy.

Then, after a while, this story died. We "know" this now, but nothing happened.

When this sort of thing happens -- lots of noise, followed by normalization -- we are trained to think that that's *OUR* fault as cultural noisemakers.

IF ONLY WE MADE MORE NOISE, we think.

Why do we think that?

We think that because of all the times making noise worked.

Or did it? Did it actually work? Was it actually the noise that "changed" things?

Nope. The noise doesn't change anything.

EVER.

Here's how this works.
POLITICS
Fabiana Cecin \U0001f3f4 \U0001f339
Fabiana Cecin 🏴 🌹...
@fabianacecin
But you see you don't actually understand how lawmaking works there's this set of procedures and dates that BLEAAAARGHHHHHvomitvomit


Neoliberalism is an economic genocidal ideology predicated on maintaining capitalism, and capitalism is the impoverishment, oppression and death of poor people because that's the OBJECTIVE of capitalist ideology. It's a malthusian ideology.

Neoliberals are the original Alt-Right

Capitalism has ZERO todo with "markets vs. no markets," or "central planning vs. decentralization." That's *propaganda*. That's a diversion.

Capitalism is the NAME OF THE ABSENCE of any support for poor people. In capitalism, giving ANY power to poor people is a CRIME.

Capitalism has an *exception* to the strict forbiddance of giving any economic power to the 99%, and that is the concept of "Merit."

If you act as a SLAVE (wage slave), then you can get some crumbs to *temporarily* avoid your death. While you are mechanically useful.

These fucking Neoliberals which are 99% of the Democratic Party in the US are all POSING as nice people. They are not. They are all sociopaths.

This economic fascism is so thoroughly normalized in the US that nobody has a concept of what capitalism is.
LAW
Fabiana Cecin \U0001f3f4 \U0001f339
Fabiana Cecin 🏴 🌹...
@fabianacecin
This is still the dark ages of software development. I don't mean that in the common nonsense sense of "methods," but of perception and of goals.

As a whole, this behaves exactly like a primitive age does: all effort spent solving the same problems over and over again.

A "technology," if it means anything, is something you do that stops you from solving the same problem over and over again. You can spend J energy solving every instance of problem X as it manifests into infinity, or you can spend J energy abolishing X through a "technology."

Capitalism rewards every industry, not only "tech," to never abolish a good X. Instead, it encourages us to create some machinery to sell temporary remedies for getting rid of every instance of X as it crops up everywhere.

If "technology is what matters," then we must change the social system and culture we live in, because that culture is the greatest meta-machine for mass suppression of technology that has ever been invented.

People's instincts, individually and collectively, are always to correctly decide when to erase instances of problem generators, and when to attack the problem generators themselves. The current system and culture eliminate 99%+ of that wisdom. It's massively stupid.
SOFTWARE DEVELOPMENT

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Trendline is basically use for majoring trend 📈 of any stock.

It is also useful for indentify demand & supply ....

Here it's applications 👇

➡️It is formed when a diagonal line can be drawn between a minimum of three or more price pivot points.

And that all three points must tested equally.

example 👇 #sis


➡️ Trendline is mainly useful for identifying trend 👇

⚡Uptrend - #happiestmind

⚡Downtrend - #bluedart


➡️ It is also useful for support & resistance.

Ex - ⚡ #happiestmind

⚡ #omaxe


➡️ If three point 📍have not be touched clearly then it is wrong ❌

Ex - ⚡ #bluedart

⚡#zeemedia
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Aaron D.
Aaron D.
@MrBrownEyes2020
So what will be the aftermath of this GME event?

These are simply my guesses, I don't actually know.

Wallstreet will likely push for licenses being necessary to trade, or put more limits on how many trades you can make, or some other way to screw the average person trading. 1/

FYI, you can only make 4 trades in a day, but if you have more than $25,000 in your account you can make as many as you want.

The system is rigged against the poor, and weighted heavily in favour of the rich. 2/

Will the government shut down the market?

It's possible, but I doubt it.
It would open up new precedents and the optics would be terrible- i.e. shutting down the market because greedy hedgefunds fucked up, and normal people are taking them to the cleaners. 3/

If the government gives in to Wallstreet, they lose all credibility, because this story is basically David vs Goliath, where the Reddit guys are the good guys, and the hedgefunds are the bad guys.

4/

Likely they will implement similar rules to Europe, that stops naked short selling.

Anything more than that, I'm not sure.
I think the media will push the threat of the government shutting down trading, in order to scare people into selling, to give short sellers a way out. 5/
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Madan
Madan
@madan_kumar
Thread on 'no stop loss', 'adjustments' and 'Risk'
----------------------------------------------------

Wanted to share my thoughts on this topic for a long time but this email sent by someone yday woke me up from slumber

Pls read the email 1st before delving into thread

(1/n)


In the past 1-2 years, there has been a sudden surge of traders who just talk about theta decay, option selling, adjustments and stuff like that..

It is all fair as long as the trader knows what he's doing. But the reality is far from what we see/perceive...

(2/n)

Many of these folks were told that one can 'adjust' their way out of any situation. Any sane options trader know that you cannot come out of any situation by adjustment

One of my friend used to do that(he is famous in options selling desi fintwit) for a long time until..

(3/n)

..he realized that one cannot possibly do that and its gonna burn him one day. He's pretty smart and hence, he put a portfolio level SL & when that hits, he will stop dancing, gets out and calls it a day

So, risk is managed at account level and he is quite clear about it

(4/n)

Unfortunately, 1000s of traders who does option selling(with adjustment) dont have this risk mgmt in place.

They think (i dont know if i had to call it false confidence or ignorance) their skills in 'adjusting' will take them ashore 😅

(5/n)
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Gurleen
Gurleen
@GurleenKaur_19
A Thread on~ O V E R T R A D I N G

Sitting and observing the numbers flicker on the screen might be very exciting.


But have you ever felt like you might've done better? Or you're just too tired of waiting that you punch an order right in?

That's a Bad Idea.

So, Let's understand the reasons behind it and try to find a way out.

1. Not having a trading plan makes you clueless.
Your impulses start to take control of you.

2. Having a trading plan; But still taking impulsive/ random trades.
Because of adrenaline rush or gambling instinct.

3. Revenge trading
When you try to force a trade in order to recover from a previous loss.
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Investment Books
Investment Books
@InvestmentBook1
Knowledge sharing initiative Book 3: "Zurich Axioms" by Max Gunther

The book crystallizes how to think about taking investment bets (position sizing), and how to reduce risks in investing & speculation. It focuses on teaching a balance between rewards & risks.

(1/n)


Here are the key takeaways from the book:

1. Take sizeable bets in life: Taking small bets will give you a good night's sleep as you have very little to lose, but the important point is "it won't ever make you rich".

(2/n)

2. Taking size-able risk is necessary to get rich but make sure you don't go bankrupt taking that risk.

3. Don't diversify too much as gains & losses will nullify each other.

(3/n)

4. Be less greedy to make money - Book some profits when you see a sudden huge increase in wealth - fear of regret will stop you from booking profits but don't be greedy as consistent streaks of lucks are rare in life.

(4/n)

5. Cut losses when you go wrong don't start praying that your losses will recover rather act quickly take some loss and sell out.

(5/n)
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A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
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2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


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Sri Devi Karumariamman mandir, Chennai, Tamilnadu

Sri Devi Karumariamman mandir is in Thiruverkadu, a suburb of Chennai. It is said that God Muruga came here and obtained the 'Vel' (spear) from His mother, Goddess Karumari (an avatar of Parvathi) 1/n


to fight the demon Suran and hence this place was called as 'Vel kadu' and became as Verkadu. As per legend Devi Karumariamman once disguised as a soothsayer visited Bhagwan Surya, the Sun God, to predict His future. 2/n


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Mother Karumari Amman is worshipped here in two forms.A swayambu (self manifested) with only head visible above the ground and another one in a graceful sitting posture with all Parasakthi features,with four arms holding skull, sword, trishul, udukkai (damru). 5/n
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Lu_lu💘
@luciame16
Some thoughts on episode 54 of #Hercai

If you ever cross the distance and come to me, come with love that blooms in your heart.
~ Şems-i Tebrizi

#Reyyan #Miran #ReyMir #EbruŞahin #AkınAkınözü
#HercaiThoughts


1
I have to make a note before writing about this episode. I was the person (still am) who thinks that bringing back D. was a bad idea. I repeat it that for me the writing of S1 and S2 is like tossed into the bin with that plot evolution, but they had to invent something+
#Hercai

2
+ to be able to continue to prolong the general story after Aslan’s story did not work out. All the suffering of M., all the crying seems for “nothing” for two seasons and we viewers are also kind of fed up in seeing him cry all the time when with the upcoming episodes+
#Hercai

3
+he is justified the most to cry. With her resurrection now the attention shifts back to Miran’s storyline and I don’t know if I like this to be honest. This said, Dilsha is here and we have to deal with her.
#Hercai

4
So, my comments are going to be how I find they wrote her into the story, the details we get to know, the flashbacks we get to see, the way it was filmed and directed, with leaving out if I agree on it or not but describing along the way what I saw.
#Hercai
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