Discover and read the best of Twitter Threads about #Crypto

Most recents (24)

Ik heb even een Mart Smeets momentje over de manier waarop DNB de registratie-eisen voor crypto heeft omgemanaged naar vergunningseisen.

Ik ben boos. Mag dat?
Dat mag..

/1

Lees mee hoe DNB de registratie-eisen van crypto voor de risico-analyses onder de aandacht brengt.
Op de pagina voor crypto
dnb.nl/nieuws/dnb-nieโ€ฆ
vallen mij twee termen op.

Ten eerste systematische risico-analyse. Want de Wwft, spreekt over risico-analyse en de Wwft over systematische risico-analyse

/2
De wetgever bedoelt daarmee echt iets anders, in termen van reikwijdte, diepgang en proportionaliteit. Zie ook het rapport van 't Hart advocaten. bitcoin.nl/img/posts/408/โ€ฆ

/3
Read 15 tweets
Just had a wild idea, so bear with me:
Imagine an #opensource #cryptocrowdfunding model for software products, the kind you buy from @awscloud @Azure @GCPcloud and also the smaller players like @digitalocean and @Rackspace m, where there are no hardware licenses. 1/
You donโ€™t even have to run the software or have access to the hardware running it in this model. Instead of #softwarelicensing, #developers set #crypto #staking thresholds which act as #digitalaccesscontroltokens; #stake x of whichever #Crypto, or y of another, with a discount 2/
when using the projectโ€™s #sidechain. So you get staking setup, and essentially get #APIkeys which allow you to join the network in r/w mode. Or you could say to heck with all that, I just want to pay someone. You can pay the network directly to do the work the software does. 3/
Read 10 tweets
Despite #crypto's recent noise, it's still the diehards.

It's just >10x the diehards we had in 2016.

It's hard to be adequately prepared for what comes next.
Once this enthusiasm expands outside the diehards and a mainstream-flywheel gets going, expect the full-blown mania to be >10x what 2017 was. Exciting and terrifying.
I use 2016 not just because it fits the 4-year halving-cycle that pattern matches with 2020, but also because it was a great year of experimentation in #crypto, mostly out of the limelight.
Read 6 tweets
1/ MORE ANALYSIS-Goldman's new head of #digitalassets is a #repo trader based in LONDON. This is significant bc UK law basically has no limits on #rehypothecation. To be clear I'm not worried abt #bitcoin--as a system it's immune to WallSt's leverage games
2/ That doesn't mean its price won't be impacted tho--bc #rehypothecation fulfills real demand w/ artificially created supply & thereby suppresses price, all else equal. Rehypothecation works as long as there's a lender of last resort. But #bitcoin has no lender of last resort!๐Ÿšง
3/ So, how many times could a #bitcoin be rehypothecated? In UK there's basically no limit bc the broker/dealer takes outright title to the customer's asset. This is why Lehman transferred so many of its assets to its UK subsidiary from its US subsidiary. kramerlevin.com/en/perspectiveโ€ฆ
Read 6 tweets
Today I'm polishing up the demo app for SpaceMVC.

It's basic and allows you to manage a student roster for a hypothetical class.

Over time it's going to become a real software dev course and there will be #crypto rewards as you complete exercises.

THREAD
You'll have to get someone further along in the course to sign off that you completed the exercise. That will unlock the tokens.

The tokens are useful inside our community and they'll be used a bunch in the app itself. Also it just feels nice to earn something.
I also have some ideas how we can insert real world value into these tokens over time. Very open to your ideas also.

For kids it could be a program similar to the Pizza Hut Book-It program. Go through some lessons, earn some tokens, go use the tokens at participating sponsors.
Read 12 tweets
0/ Reasons why you should be #Bullish on $BAND @BandProtocol

If you are bullish on #defi and smart contract adoption, you want to get exposure to needed middleware like #oracles. Smart contracts can't access real-world data and APIs, and oracles like $BAND solve this problem
1/ Chainlink dominating 97% of the entire oracle space having the first-mover advantage. $BAND was founded in 2017, on the market since late 2019 with now around 2.6% of chainlinks market cap.
So the question is how big can $BAND grow and capture value relative to $LINK?
2/ If we look at other spaces eg smart contracts, $EOS & $ADA are around 10-15% of $ETH's market cap

Exchange token show a better ratio with $HT at 40% of $BNB value while $OKB and $FTX are around 10%

If $BAND does a similar ratio of ~15% of $LINK - that puts it already at ~$25
Read 20 tweets
$BTC IS BULLISH BUT WHERE IS THE TOP?

1/ In my previous thread in June, I talked about how we are close to a blast-off. We got that blast-off last weekend. BTC reclaimed 10K, & now is trending towards 11.5K. Now what next?

#BTC #Bitcoin #Crypto #SP500 #Analytics #2020Bullrun
2/ If u look closely at this below fractal from Jan to June' 2016, you can see the similarities with Mar- July'2020. This fractal led into 2016 Halving. There was a 133 day long price recovery & consolidation before the Blast-off to 800$. We're close to where $BTC was in June'16
3/ We are at a similar stage. Price has recovered & consolidated for 137 days before pumping to 11.4K this week. Next is 2nd Leg of Blast-off to a "Price peak". Going by the 2016 fractal, this "price peak" should be achieved within August. All dips will be for buying! #BTFD #HODL
Read 13 tweets
1/ HERE'S AN EXTREMELY DETAILED article re: all the "regulatory theater" in #crypto prime brokerage today. It's prob moot now that at least 1 national bank is entering (so non-bank regulatory structures for crypto r obsolete). @ChrisKentouris @finopsreport
finopsinfo.com/trading/prime-โ€ฆ
2/ I'm SO GLAD native #crypto cos r close to receiving #bank licenses, so the big national banks won't entirely co-opt native crypto cos in US market. Bank licenses are far superior to existing regulatory structures used in US crypto (@APompliano about to release podcast on this)
3/ The @finopsreport article details why a #bank license is superior to trust charter or #BitLicense--banks have much higher capital & reg rqmts, r directly plumbed into Fed, much better bankruptcy treatment for customers, only banks have safe harbor as "qualified custodian"+more
Read 4 tweets
1/ Why India๐Ÿ‡ฎ๐Ÿ‡ณ has to embrace #crypto now? There seems to be no other choice left.

So much development has taken place globally that it is almost impossible for India to ignore.

Our country is standing at a very important juncture.

#IndiaDeservesCrypto
China๐Ÿ‡จ๐Ÿ‡ณ state-backed #Blockchain is integrating with 6 public blockchains.

Now just imagine anyone from anywhere will be able to build apps and run nodes using data storage and bandwidth from BSNโ€™s overseas data centers.

๐Ÿ‡จ๐Ÿ‡ณwants to be the only infra provider to all the firms.
To add on to this we all know that ๐Ÿ‡จ๐Ÿ‡ณ controls more than half of the worldโ€™s Bitcoin mining operations โ€” upward of 65% of the computing power to mine #Bitcoin. No other country is anywhere near that number.

India has not even thought about it.
Read 12 tweets
1/ GAME ON! The @USOCC's announcement that it's following #Wyoming by allowing national banks to custody #digitalassets is GREAT news for #crypto! Long overdue & hopefully will help U.S. regain ground it lost to other developed world countries by dilly-dallying for so long.
2/ Winners=customers & #crypto VCs. This will spur M&A boom as US banks acquire #digitalasset custodians. Most must sell bc:
a. trust co. charters now obsolete &
b. #BitLicense now obsolete ๐Ÿ‘

bc @USOCC leapfrogged 'em. Custodians now MUST have a bank charter to be competitive.
3/ But @USOCC didn't leapfrog #Wyoming, bc we already offer a bank charter.๐Ÿค 

What's the distinction? A bank license was **ALWAYS** the optimal US regulatory structure for crypto custodians--not a trust charter or #BitLicense. Bank charters are SO much better for #crypto custody
Read 25 tweets
So, I unfortunately had to stop using @Relai_ch. Fact is, I can't trust them anymore. Here is why.

Note: this is NOT about Relai specifically, I am simply using their example as an illustration of why focus matters in Bitcoin business.

Thread ๐Ÿ‘‡
1/ Background: When Relai were teasing their new service still in beta, they made a little promo video using the hashtag #crypto and the phrase "crypto investing", while still presenting themselves as bitcoiners, promoting dollar cost averaging (DCA) to an audience of bitcoiners.
2/ This generated a little bit of negative reaction from several people, who approached the issue nicely and openly, assuming good intentions from Relai's part. Their founder replied that it was marketing for the masses, but they were "Bitcoin only at the beginning"...
Read 23 tweets
Itโ€™s good to be back on Twitter. When @Twitter is not working, I canโ€™t even tweet to complain about it. Appreciate @jack and team restoring the accounts quickly.

A few thoughts on this incident. 1/n
โ€œBitcoin hack?โ€ No, bitcoin didnโ€™t get hacked. The hackers want bitcoin, because itโ€™s valuable. When bank robbers want cash, itโ€™s not called a โ€œcash robberyโ€. It's a bank robbery. "Bitcoin scam?" No, bitcoin didnโ€™t scam anyone. Do we have to explain this every time?๐Ÿ˜‚
โ€œTwitter hack?โ€ Yes. But this incident highlights a bigger issue. With the increased #crypto adoption, existing social and internet platforms need to revamp their security. Internet platforms are no longer just for selfies, it is used to transfer value.
Read 12 tweets
My '#Bitcoin is Bearish' thread.

I'll break down my analysis and reasoning as to why I believe the #cryptocurrency markets are bearish.

For those of you that don't know, my style of trading & analysis involves analyzing the momentum shifts with correlated assets, such as $DXY.
Some basic things to understand about $BTC & it's common correlation with popular Forex pairings such as $DXY (the $USD index) or $EURUSD (the most commonly traded Forex pair).

1. $BTC is inversely correlated with $DXY. (duh)
2. $BTC is 1:1 correlated with $EURUSD.
Breaking this down, Barney-style:

1. $BTC is inversely correlated with $DXY because it's the most commonly traded #bitcoin pair. From Leverage exchanges, to $USDT; $BTC is almost always traded against the $USD.

Therefore, you can try to trade the 'opposite' of what $DXY does.
Read 13 tweets
New to #crypto and #blockchain? Then our Blockchain Fundamentals is just the right thing for you to make your start easier.

You can find all our articles on the Blockchain Fundamentals series under this tweet.

Enjoy the read! ๐Ÿ“š๐Ÿค“
Cryptocurrency Mining Explained: A Comprehensive Overview

What is Proof of Stake? An Overview of PoS Blockchains

Read 18 tweets
๐Ÿšจ[THREAD]๐Ÿšจ
Why I'm adding heavily to my long term $MATIC position.
DISCLAIMER: This is not financial advice. I am not shilling my bags. I don't care if you invest or not. I simply enjoy curating information. I don't make promises, I don't charge money. This is for educational purposes only.
Let's get into it. $MATIC landed on my radar the same way it landed on everyone else's radar. It hit #Binance and pumped to the moon during the IEO Launchpad event. It did a 10x and spent the next 2.5 months retracing.
Read 21 tweets
Flooding is overwhelming Chinese cities after heavy downpour.

Damage is estimated to have reached $3.6B.

With ~65% of #Bitcoin hash rate in China during rainy season, we analyse the impact of the floods on mining.

hashr8.substack.com
Some infrastructure has already been destroyed with more on the brink of failure.

The largest hydropower station in the world โ€“ the Three Gorges Dam โ€“ had to open its sluice gates to relieve pressure on the infrastructure.

This wreaked havoc on the nearby cities.
Mining facilities are naturally in the firing line with many setting up close to hydropower stations during rainy season.

However, hashrate estimates are at record highs despite reports surfacing that some facilities have been impacted.
Read 9 tweets
@thorchain_org
When you look at a project that has a lot of formulas, mathematical calculations and incomprehensible words, you can't stop thinking "Wow, I don't get it but this stuff is really cool!" But you always want to really understand it so this is my short $Rune story
Since the middle of the XIX century, many people have tried to create a device that would help connect the parts of clothing and shoes in the fastest and most convenient way. However, luck smiled on the American engineer Gideon Sundback.
He invented the Hookless Fastener: a slider connected prongs attached to two textile bands. Sundback received a patent for his version of the "zipper" in 1913.
Read 7 tweets
Shanghai A-shares is having an extraordinary breakout out w/ huge volume confirmation. The traditional wisdom that a rising tide (flush liquidity) lifts all boats (assets) may not the obvious spillover trade for Bitcoin/crypto this time. Here's why.#Bitcoin #crypto #liquidity
While offshore sentiment for crypto remains somewhat buoyant (epitemized by Grayscale), the regulatory environment onshore has become less tolerant with increasingly tough crackdown measures on the OTC transactions and illegal activities aid by crypto transactions.
The covid-19 has largely evicerated household wealth, leaving fewer spares cash for speculative investing (still by and large the theme for Chinese investors). Without 2-way liquidity in and out of crypto, it's hard for any new CNY to find its way into crypto & vice versa.
Read 11 tweets
[ALTCOIN SUNDAY]
Every Sunday, I will publish research on an #altcoin

My first topic of research: @electroneum $ETN.

Thanks to @Anth0nyHarris0n and @Prashan31213832 for the recommendation that prompted this research.

Here we go! And no, I'm not paid to shill. (1/15)
TL;DR: $ETN is an adaptable, scalable, mobile-friendly #cryptocurrency . There are some pros and cons, but the pros outweigh the con and somehow justifies it. I'm going in halfsies for now.

Read on for more details ๐Ÿ‘‡ (2/15)
The best way to understand $ETN is to essentially look at $LTC, but apply a sleeker, mobile-friendly, and corporate look to it. (3/15)
Read 15 tweets
1/ WHERE IS THE NEXT BITCOIN TOP!!? ๐Ÿ”ฅ

This thread will compare current price action with previous cycle & try to estimate the current price top.

We will use fractal from 2016. This fractal is also validated with on-chain data (in next thread)

#BTC #Bitcoin #2020BullRun #TA
2/ Bitcoin Halving is the most significant event that determines long term price movement. One cycle runs from halving to halving. Current cycle is 2016 halving to 2020 halving (2020 Halving still not priced in). Previous cycle was 2012 -2016 halving.

#BTC #Bitcoin $BTC
3/ Every $BTC cycle has a Blow-off top. Current cycle blow off top was in Dec 2017 (20K$). Previous #BTC cycle top was in 2013 (1K$).

As shown In below pic, we are in the Jan'16- May'16 part of the cycle. Price fell from ~50% (472$) of cycle top, entered an ascending channel,
Read 7 tweets
I have been asked how this would work. I welcome you to join me on a journey how #cashless #casino's could operate in 2020. I'll explain it based on the example of "Awesome Casino Vegas" or "ACV" which I made up for this example.

This is the exciting future in a thread... (1/x)
ACV is a #casino in #vegas and needs to go cashless. They choose to issue a stable #token on the #CSCL. $1= 1ACVT. They have their own branded #whitelabel version of the #casinocoin #BrankrollManager. Their customers can purchase #tokens at a cash cage... (2/x)
...or via #debit/#credit (and #crypto ๐Ÿ˜‰) via the wallet. Customers get #KYC'ed on the fly when onboarding during the wallet setup. All transactions can be pinned down to an individual. They know exactly who is who and who did what and when. (3/x)
Read 9 tweets
๐Ÿง  @THORChain_org's Decentralized Liquidity Network creates opportunities for businesses / entrepreneurs / devs

The team is focused on the core swap tech and #ASGARDEX -- but that doesn't mean there isn't opportunity for others elsewhere in the meantime.
2) Any service which aims-to increase network utility via swaps will benefit will increase revenue for #THORNode operators, Liquidity Providers aka stakers -- and ultimately increase the value of $RUNE.
3) An example could be a @venmo style peer-to-peer payment solution, crafted in a way where the service can branch itself out to a variety of integrations, think @Shopify @magento @whmcs @opencart @PrestaShop @drupalcommerce @Ubercart @WordPress @ZenCart
Read 18 tweets
First half of 2020 has been a wild roller coaster ride. Leaked ... what's going to happen for the second half of 2020???

#CryptoNews #WWG1WGA #QArmy #qanon #Crypto #gold Image
2. Look at what he is trying to tell us about Oct / Nov !!!

Image
3. THE NEXT CATASTROPHE. The Economist magazine published on 27th June 2020, matches up with the first picture!!! Whoever did that first picture above knows something!!!

- solar flare
- volcano eruption
- asteroid
- virus

#QAnons #QArmy #WWG1WGA #Trump2020 ImageImage
Read 5 tweets
Crypto space is funny. In '14 when I/O Coin was lauched they were one of the first projects out there that envisioned #proofofstake and kept on improving it - OG's said PoW was king and PoS was a waste of time. Look at where we are at now. If you don't do PoS, your'e bad. #iocoin
In 2014, the IOC dev team has foreseen data services on #blockchain would also take off. They developed the DIONS project (1 mb filestorage and AES 256 messaging). The world is now eager to have a censorship proof messaging platform that IOC can provide. Look at that Ghost..
project from McAfee. Already been done by #iocoin. I/O Coin is still one of the oldest most actively developed coins without ICO. The dev team committed themselves without payment for almost 6 years. After 2 years development IOC is due to release the NightHawk project
Read 8 tweets

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