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Cyrus Younessi @cyounessi1
, 3 tweets, 1 min read Read on Twitter
The liquidity crunch that Eth faced over the past several months has given me pause about investing further in *any* altcoin (regardless of its fundamentals). One of the best early advantages of Eth was getting listed on Coinbase when the space of investable coins was small.
Any high marketcap coin (Cardano, EOS, Stellar, and so on) is just uninvestable at this point merely because of liquidity issues. The BitMEX Eth future just showed everyone how dangerous it is for assets that are hard to short.
Eth probably barely crosses the threshold of "liquid enough" due to its early Coinbase listing and joins Bitcoin as the only two liquid coins today.
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Seems like this tweet got a lot of love from anti-alt traders. I think some clarifications are in order.
Liquidity is just **one** aspect of investing. A crucial, often overlooked aspect, for sure. But fundamentals still matter. And finding solid innovations in the crypto space can be hugely profitable and worth it despite less liquidity. Nascent coins are on a different time scale.
In particular, liquidity crunches hit hardest for massively premined, manipulated, or otherwise completely hot-air coins. I don't want to re-name names, but there are obviously common ones that come to mind. In any case, in the end technology and innovation reign supreme
Read 4 tweets
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0/ 61 markets and $16,000 of open interest so far within 12 hours of Augur's launch. In case you're wondering "what's the big deal," let's go over some of the markets that have been created so far.
1/ The most popular market was "Will France Defeat Belgium in the 2018 FIFA World Cup Semifinals?" The odds updated as goals were scored, and trustless sports betting will likely be a killer feature.
2/ Obviously, politics is a huge area of interest. "Will Donald J. Trump be elected AND inaugurated as President of the United States for the 2021-2025 presidential term?" will also likely be a huge market.
Read 11 tweets
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0/ This is a fundamental misunderstanding of the point of Bitcoin/crypto
1/ The goal of crypto isn't to redistribute the wealth in some sort of socialist sense (we're not airdropping coins to everyone so we can all be happy together). The point of crypto is to wrest undue power away from those who have honestly earned their wealth.
2/ For example, fiat wealth brings extra advantages that are undeniably unfair and abusive towards the rest of society. With fiat wealth comes political power and control over the money supply, leading to unchecked power and control.
Read 5 tweets

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1/ Earlier, my friend @SantiagoAuFund asked me to expound on gold. I was a bit surprised by the interest the tweet generated, so I've decided to compose a thread on the topic and financial markets generally. There's a lot coming, so apologies to those with no interest.
2/ I've barely commented on traditional financial markets for the past several years. This was intentional and the result of several factors. First, around 2012 I started to notice I wasn't "getting it." I lost the feel and passion. I also lost quite a bit of money. So I stopped.
3/ As I realized the fraud and corruption I knew so well in the financial system was present throughout all areas of the economy/society/politics, I became interested in other topics. I also found Bitcoin in late 2012, and that immediately took over and became an obsession.
Read 32 tweets
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New column posted! "CNN Boldly Decides It No Longer Needs Reliable Sources"

theepochtimes.com/cnn-boldly-dec…
CNN has lost whatever shred of credibility it had left. Thanks Lanny Davis!
Here's what I suspect happened: Trump, a big fan of the book 'Art of War' is practiced in the use of 'doomed spies'. Michael Cohen agreed to be a 'doomed spy' for Donald Trump.

Cohen 'went over to the enemy' & told them EXACTLY what they wanted to hear.
Read 27 tweets
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1. THREAD: While John Solomon’s piece yesterday was absolutely stunning, I am seeing a very interesting thread in his work over the past several months. Bear with me as I run down this VERY complicated web with all of you.
thehill.com/hilltv/rising/…
2. The substance of the piece is this: Even after Christopher Steele was “fired” by the FBI as a confidential human source, Bruce Ohr continued to manifest a relationship with him and launder information BACK INTO the FBI, unbeknownst to the FISC.
3. As revealed in the article, he also took breakfast meetings to meet with Steele-- with his wife Nellie (ham radio in tow?) Ohr. These meetings took place two days before the supposed “official” start of Operation Crossfire Hurricane:
Read 40 tweets
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Opinion: Protecting Americans from Violent Offenders

@drawandstrike @ThomasWictor @HNIJohnMiller @jihadaeon1 @rising_serpent @_ImperatorRex_ @Debradelai @LarrySchweikart

justice.gov/usao-wdva/pr/o…
By Thomas T. Cullen

U.S. Attorney, Western District of Virginia

As we enter the 2018 midterm season and the attendant legislative interregnum, Congress can and should take bipartisan action to protect us from repeat violent offenders.
In 1984, Pres. Reagan signed into law the Armed Career Criminal Act (ACCA). Under the ACCA, felons convicted of unlawfully possessing a firearm face a mandatory min. sentence of 15 years if they had 3 or more prior convictions for a “serious drug offense” or a “violent felony.”
Read 27 tweets
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Let it not go unnoticed that the "Dems need to run on something other than against Trump" trope from political pundits is a terrible premise, strikingly lazy, and even if were a correct perception of the current dynamic, it would still be inaccurate. For so many reasons.
From California to Texas to New York, winning Dem candidates have run campaigns on better healthcare, a higher minimum wage, improved schools, labor protections (among other things) and yes: pointing out Trump's corruption and bigotry.
The claim by certain political pundits that Dems only run on opposing Trump is a pretty damn big deja vu to 2016 when they did exactly this: report briefly on Trump's lies (without calling them lies), let it go after a day, slam Hillary constantly over e-mails, and repeat.
Read 13 tweets
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1. I have been thinking a LOT over the past several months about where we are and how we got here and what is at stake,
2. For two decades I have been waiting for what is happening right now, before our eyes. Many have been waiting longer.
3. I can't even believe what we are living through. We are in the midst of the 2nd American Revolution, and it appears it has gone global.
Read 41 tweets

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