It’s underremarked upon that stablecoins accomplish basically all of the original design goals for Bitcoin qua a transactional mechanism (instant free value transfer anywhere), but that nobody cares about this because nobody ever cared about that part of the pitch.

“Why do people care about stablecoins then?”

A mix of “they encourage dollar-denominated liquidity in the cryptocurrency ecosystem and discourage withdrawal of the same” and “they’re good for money laundering.”

“But they make value transfer between exchanges much faster!”

This was a solved problem in traditional finance, too, mostly through the extension of credit. (It doesn’t matter how long settlement takes if there is sufficient trust to enable credit.)

The Bitcoin ecosystem is *positively allergic* to credit, so you have to call it a coin for them to accept it. And after you call it a coin they ignore everything the world has learned about credit, like risk management.

“Stablecoins aren’t credit!”

They’re pretty much exactly credit? A tether is a zero-coupon Bitfinex bond with a non-functioning call option. I

You want to know something about how bullshit insane our brains are?
OK, so there's a physical problem with our eyes: We move them in short fast bursts called "saccades", right? very quick, synchronized movements.
The only problem is: they go all blurry and useless during this

having your vision turn into a blurry mess every time you move your eyes is obviously not a good idea, so our brains hide it from us. Now, imagine you're an engineer and you have this problem.

You've got some obvious solutions you could do.
1. make the vision go black during movement. (Some VR games do this!)
2. just keep showing the last thing we saw prior to movement

both are good options with different downsides, but OH NO. this is assuming everything makes sense and is chronological and (regular) logical.
Your brain does neither of these options, really.

first, it basically puts your visual system on "pause". You're not seeing blackness or even nothing, you're just not seeing period.
then when you finish your saccade, it shows you what you now see at the new position. and then it pretends it can time travel.

1. #Qanon told us that Saudi Arabia is a central piece of the puzzle in taking out the Deep State...we are watching the Deep State attempt to remove Crown Prince MBS and disrupt Pres Trump's administration's ties with MBS and the "new" Saudi/US coalition. Early in his admin,

2....@Potus sent Jared Kushner (JK) to SA on an undisclosed trip and told King Salman that business as usual was over, and if he wanted Pres Trump's support, Prince Alwaleed would have to be divested of $ and power; Alwaleed is one of top Deep State $ men and was tied to HRC.

3. @Potus knew that before he could begin cleansing the US and the rest of the world of the DS, he would have to cut one of the financial head's off the snake (Alwaleed). After JK met w/ King Salman, Alwaleed was arrested and divested of billions; MBS became leader of SA.

4. SA loves Pres Trump because he's a man of his word; SA could not trust Hussein or Clintons because they use SA for oil and leverage; SA has many factions, but essentially you have the new and upcoming SA that is attempting to modernize through Crown Prince MBS, and then you

5...have the old guard represented by Alwaleed who was one of the Deep State financial heads and loyal to the DS more than SA; SA knew Hussein was financing Iran to hold western world hostage, and SA was caught in middle of Deep State black mail; this is why @Potus was celebrated

Let's do another thread about Kushner/Khashoggi/MbS/Trump.

[THREAD]

1/ Overview
The 30something Saudi Crown Prince Mohammed bin Salman (MbS) became heir apparent in 2016. Although he began his regime with a series of modest if widely-publicized reforms, these were designed to disguise his true despotic aims.

2/ Jamal Khashoggi was a Saudi journalist critical of MbS, who portrayed him as the tyrant he is at heart. For this, MbS had Khashoggi brutally murdered.

Jared Kushner is chummy with MbS. Donald Trump is a staunch supporter. Both men have ulterior motives for siding w/MbS.

3/ TIMELINE

April 2017
Charles Kushner, father of Jared Kushner, asks Qatar for a loan to bail out the troubled property at 666 Fifth Avenue in Manhattan. The Qataris turn him down.

4/
June 2017
Saudi Arabia organizes a blockade of Qatar, a country where the US has a major military base. Kushner leads the extreme minority view in the West Wing to support the blockade. To the consternation of the State Department, Donald Trump praises the move.

One thing that makes this #Khashoggi story difficult to assess when it comes to who's responsible is that there are different factions within Saudi Arabia constantly jockeying for power. It's not one monolithic thing.

Bin Salman heads only one faction.

Mohammad Bin Salman [MbS] not only has to deal with states in the region that want to thwart his plans for Saudi Arabia [SA} & the Middle East [ME] such as Iran, Turkey, Syria, Russia, Quatar...he also has people inside SA itself that don't like his reforms or agenda.

So when the narrative gets presented that "The only way Khashoggi could end up dead is on the direct orders of MbS" you might want to keep this in mind.

There are SEVERAL ways Khashoggi could end up meeting his demise at the hands of Saudis not working on the orders of MbS.

Powerful factions within SA, several of whom do not like the Crown Prince's reforms or the fact he was promoted to his current position ahead of others in the royal family, could have done this in the hopes of pinning it on MbS.

Too many false/fake news stories came out of Turkey in the past week to say anything further. This latest news comes just after it was reported Pompeo heard an audio of the killing that was quickly walked back in less than a day.

/end

Some thoughts today about what it's like to write a great book that never finds a wide audience. Did you know that the 4 books of the Shadow series have received a total of 7 starred reviews? That's kind of a big deal. And yet... no one's ever heard of it, really. 1/

We thought Wake of Vultures would land with a splash back in 2015. I went to SIBA, I went to sales conference and spoke w Mario Batali. The book did ok, but not great, was never in Target or the airport, despite amazing reviews. Why? NO IDEA. No one knows! Because publishing. 2/

When you're a new writer, you think that if you just write a great book and do everything you're told to, the book will find its wings and soar. You tick all the checkboxes and wait for the world to love your book. Sometimes, even w publisher support, it just doesn't happen. 3/

As usual, this real talk isn't meant to be a downer. It's meant to let you know that THIS IS NORMAL. Your book can get 3 starred reviews and a blurb from Pat Rothfuss and still not hit list or even gain a steady following. That doesn't make it any less great. 4/

I always say that publishing success = skill + time on task + publisher marketing + luck. And there is NOTHING you can do to up that element of luck. Timing, groundswell, one of the Obama kids reading your book on film. That's out of your hands. So you work on the next book. 5/

People are weary.

They get run down by the daily demands of life.

Work, stress, health, money.

It all adds up.

THEN, when their defenses are low, they get SLAMMED with very clever, psychologically manipulative marketing.

Game over. Broke and sick for life.

They used to stand a chance when it was newspaper and TV ads.

Now, with algorithms that prey on the data they themselves provide via social media and browsing habits? No chance.

Digging an endless hole.

Very smart, well educated people cannot overcome this trap.

And the few that do are tempted to use that knowledge to prey on others.

Those with less intelligence and agency are sheep being led to slaughter.

Leaders, those who have been given the ability to initiate change in the world (you know who you are), have a responsibility to fight against those who take advantage of others, to not sit quietly under the false flag of peace.

Everywhere you go, look around, nearly everyone looks miserable.

The most prosperous time to be alive in human history, and people walk like zombies through life.

They were told these material goods would bring fulfillment, instead they brought debt slavery.

Uber IPO probably marks the top. I can see this $120 billion monstrosity coming toward us like a meteor.

Facebook came public valued at $104 billion. It seemed outrageous to the old timers but was already profitable.

Uber is allergic to profits, has burned through over $10 billion since its founding.

No one cares.

Crowd Control 101:

Ditch the 'does the crowd like me?' mentality.

Adopt the 'do I like the crowd?' mentality.

This mindset shift makes you feel more in control & powerful.

Here are a few more bonus tips for crowd control.

These tips will have you showing the audience that you control the room.

Every audience likes it when the speaker takes charge.

Use these moves in your next speech & dominate the big stage like a superstar!

1. Wait a few seconds before starting

Starting immediately makes you look needy.

The few second wait will builds hype & keeps the control in your favor.

'How long do you typically take?'

I take around 5-7 seconds to build the hype.

Find your sweet spot.

2. Take pauses

Many beginning speakers are terrified of pauses.

They think they will be exposed as a fraud whenever there is silence.

WRONG.

Pauses sound longer to you than it does for the audience.

An audience loves a speaker who pauses rather than a turbo talker.

3. Body Language

Your body is crucial to delivery.

Luckily you always have control over it.

As you begin, your body may become smaller, you will cover your torso more, and will look down.

AVOID.

Chest out, chin up, open palms, strong eye contact & walk with purpose soldier.

(THREAD) There is so much less to this headline than meets the eye—indeed, one could argue the story is interesting *only* in ways the headline doesn't hint at—that it's a shame Bloomberg, a great media outlet, published this in this way. Read on for more.

1/ *Everyone* knows that the next step in the Mueller probe will come after the November 6 election, as Mueller is currently foregoing any additional steps in his work because of the DOJ's recommended "60-day pre-election" rule against action on cases with political implications.

2/ *Everyone* knows that Mueller has completed or nearly completed the Obstruction portion of his investigation (indeed, might have completed it long ago), so even news that Mueller would be ready to issue findings on Obstruction sometime after November 6 would not be surprising.

3/ *Everyone* knows that Rosenstein fears for his job, and fears for Sessions' job, and fears for Mueller's job, so *no one* would be surprised to learn that Rosenstein was pressuring Mueller to release *some* sort of report shortly after November 6 in order to show his progress.

4/ *Everyone* knows that behind the scenes Trump has been pressuring the FBI/DOJ to "wrap up" their work, so—while it was not just inappropriate but possibly illegal for Trump to pressure Rosenstein during a recent plane trip—*no one* would be surprised to learn that he did that.

Well that's another top leaker inside the fed. gov. rolled up. Great work, Rod.

People who think *nothing* is happening, that the McCabe grand jury is just for show, and all the other grand juries we don't know about, when thye are revealed, they are just for show too, are in for a rough next couple of weeks.

How many LEAKS did you see about the fact the DOJ/SDNY was about to return an indictment against another major leaker?

Remember, this is for posterity so please....be honest!

You won't see any LEAKS in major news media about the McCabe indictment, either. That will be a total surprise when the mainstream media is forced to cover it. They already memory-holed the fact fed prosecutors are using a grand jury to prosecute McCabe.

The Wolfe indictment hit as a complete surprise.
This Edwards indictment hit as a complete surprise.
The McCabe indictment won't be a complete surprise, the grand jury hearing months worth of evidence against him is already a matter of public record, but narratives die hard.

According to @RadioZET_NEWS PKN Orlen (major Polish oil refiner and petrol retailer) is considering entering F1 as a fuel sponsor (supplier) and personal sponsor of Robert Kubica. #F1

Yesterday Kubica was at Orlen's headquarters and met with Polish Prime Minister. #F1

I don't care one way or another about the Elizabeth Warren DNA kerfuffle; it's silliness bred of Trump's lunacy, not a serious political matter.

But—*but*—the blowback on Warren is useful as a reminder that facts, science, and really truth of any kind is now anathema to the GOP.

2/ If you're online trying to convince a Trumpist of *anything*—I mean *anything*—stop right now.

The Trumpists' reaction to Warren's DNA test—a cacophony of fact-free insanity about race and DNA and even just *the bare facts of what happened*—tells you you're wasting your time.

3/ I don't see the point in baiting Trumpists, or insulting them, or calling attention to their madness on a daily basis. These people are fundamentally unserious about truth, discourse, and anything resembling a community of ideas. So:

1) Ignore them—completely.
2) Vote—always.

4/ I don't always live up to that standard, but I'm *trying*. I'm *trying* to ignore as beneath dialogic significance those who say "most people" have Native American ancestry, or who can't read basic studies to understand Warren's DNA test, or who say Trump never made a bet, &c.

5/ Trump wants to call Warren "Pocahontas" because he's a racist, wants to appeal to racists, and his cult-like following so ignores *everything bad he does* that they think that, had she lied—she didn't—*this* (this!) would be worse than anything Trump has done.

*Process that*.

Confession: I haven't the slightest interest in my genetic ancestry or where my ancestors came from or what they did.

I mean, my dad's family came from Lithuania. They changed their name from Kuznets in 1905. At some point they were blacksmiths. My mom's family came from Halychyna in Ukraine. I have no idea what they did. That's about all I know.

Oh, I do know that pretty much all of my extended family who stayed in Europe got wiped out by the Nazis.

I like to think that my ancestors were nothing and nobody. Random boring peasants with no special talents or wealth.

Except for Genghis Khan, of course. But he's everyone's ancestor.

The best thing about this approach is that I don't have anything to live up to. ;-)

(end)

Ok, I'll hop on this Elizabeth Warren/Native American testing bandwagon (gently and non-politically).

I've been a @23andMe customer for a while, and have followed their ancestry updates closely.

All is more or less as expected....except for this bit about Native American.

The family is almost completely composed of Spanish peasants (from various regions) who emigrated, along with a massive wave in the late 19th-cent./early 20th-cent., to Cuba back when it was a booming economy (richer than Spain's) and worth emigrating to (Communism killed that).

Also, the native population of Cuba was annihilated early on---was the first place the Spanish colonized after all. Having a native background in Cuba would be like having the same in, say, Massachusetts, particularly if you're (say) mostly Irish. Just really, really unlikely.

(Note: the North African/Arab background is less mysterious. The Iberian peninsula was part of the Muslim world for centuries. It would be odd *not* to have some Arab/Middle Eastern background coming from Spain. Given the family is mostly from Northern Spain, it's small though.)

I have a Spanish passport, have been back to the ancestral villages in Spain, seen the church where my grandmother was baptized, my grandfather told me stories about growing up as the child of Spanish colonists in rural Cuba. The native bit just clashes with all the family lore.

A thing which I unironically and enthusiastically believe which is unpopular among smart people of my acquaintance: financial engineering has in the recent past and present contributed substantially to human welfare. We should hope to see more of it.

Maybe more geeks need to meet someone who says “My job is teleporting value across time and space.”

Financial engineering is sort of a squishy term. I don’t primarily mean payments infrastructure or financial rails, although both of those involve substantial engineering.

I mean more “We took a thing and performed some alchemy, and now have a new thing.”

Except instead of alchemy it is generally quite a bit of math, a huge amount of contract law and due diligence, often an impressive amount of ops work, and a dusting of technology that web devs would recognize as such.

Andy McCabe has some explaining to do.

Andrew McCabe was reported to the FBI’s Office of Public Affairs for making an unauthorized leak of classified info to the media about @GenFlynn in early February 2017.

If you’ve wondered exactly who it was who leaked the classified info from that intelligence report on @GenFlynn’s phone calls with then-Russian ambassador Kislyak to the media, you are right now seeing a huge honking clue who it was.

To those responding to this info by sneering "Nothing's gonna happen":

Up.

Your.

Game.

You just might be too stupid to be following me.

The then-Deputy Director of the FBI get's caught targeting @GenFlynn with an illegal leak so he can 'investigated' by Peter Strzok?

Now that we know it was McCabe who set up Flynn for a fake 'perjury' investigation by his pet attack dog, Peter Strzok, the next name that's going to surface is...Joseph Pientka.