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Chris Burniske
@cburniske
, 3 tweets, 2 min read Read on Twitter
"Perhaps forcefully taking 20% of all rewards is the only way to get any contribution out of the mining industry." -Grin Core Dev grin-forum.org/t/solved-early…
Grin is teaching us that models like what we've seen with $DCR & $ZEC, where 10% and 20% (respectively) of mined assets are reserved for core development and resources, is the best combo of fair *and* sustainable that #crypto has today.
What's great about funding models that come straight from mining is the team only accrues purchasing power, and the treasury of the network only grows, if they create value in the native #cryptoasset.

Different from an #ICO where majority of the money comes in up front.
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Chris Burniske
@cburniske
1/ In the last bear market, telling someone you worked in the #bitcoin industry still drew blank stares.

In this bear market, telling someone you work in #crypto elicits some kind of reaction, good or bad.
2/ And so while #crypto is no longer the darling of mainstream conversation (leading to the observation below👇), it nonetheless lays latent in the majority's mind.
3/ When I get into deeper discussions about #crypto with people not from the industry, I'm finding myself pleasantly surprised at how often it's assumed to be an inevitable "next big thing."
Read 6 tweets
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Chris Burniske
@cburniske
$MKR is better as a secondary layer, as the system can be governed more adeptly without the mental bloat of all $ETH holders involved.
In conversations w/ @BradUSV & @jmonegro, the idea of “small pieces, loosely joined” has come up in the context of #crypto.
One conclusion has been protocols that provide a single service, as opposed to a motley of services, should have tighter governance, leading to more adept evolution.

The native #cryptoasset can then stay more relevant, useful, and valuable w/ time.
Read 3 tweets
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Chris Burniske
@cburniske
If looking for an institutional grade #Decred staking pool: blog.coinfund.io/announcing-gra…
Imagine if you could have earned a 10%+ annual yield on your #bitcoin, denominated in $BTC.

That’s what’s available for active participation in #Decred, denominated in $DCR, right now.
If interested in #GeneralizedMining at large, check out @coinfund_io’s grassfed.network.

Beyond @decredproject, they’re already involved with @LivepeerOrg, @steemit, @compoundfinance, and gearing up to support @NuCypher & @geo_protocol.
Read 3 tweets

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4164616d20456c6b7573
@Aelkus
core similarities between tech startup people and activists is that they actually have significant chances of failure and they create cultic mythologies around people that gave the middle finger to the man ("well-behaved people don't make history") and got away with it
the purpose is to get you to believe that things that seem nonsensical on its face actually are effective and even praiseworthy.

- don't have a backup plan because it signals that you're not fully committed
- the vision is what matters, the street finds a use for things, etc
moreover, there is always the implied or explicit threat that the inevitable future will punish those who do not work to bring it about. whether it is the "wrong side of history" or being mocked like Paul Krugman's Internet predictions
Read 17 tweets
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Alex Krüger 🇦🇷
@Crypto_Macro
Breakeven for a professional Chinese bitcoin miner:
- if depreciating equipment in one year: $7350
- excluding personnel & building costs: $6900
- operational breakeven: $5980

Equipment price dropped $160 since the article => all-in BE at $7190

#mining medium.com/@sunnyday.jame…
No wonder $5750-$6000 has been defended so fiercely.
Amazing how article did not even have one clap on Medium. Let's give the author some appreciation.
Read 5 tweets
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Sherrilyn Ifill
@Sifill_LDF
SCOTUS did not rule that baker’s refusal to bake cake for same sex couple was constitutional. Court ruled the CO Human Rts Commn tribunal that ruled against the baker in MASTERPIECE CAKESHOP was not neutral but hostile to the claim. Baker was entitled to impartial decisionmaker.
It’s a narrow ruling.
It’s fair to say the Court ruled “for the baker,” but not in the way that phrase implies. Perhaps more accurate, the Court struck down the decision of the CO Human Rts Commission b/c a majority of justices believe the baker did not receive a fair hearing.
Read 7 tweets
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Andrew Ruis
@AndrewRuis
I recently talked with graduate students in a seminar on #teaching practices in #HigherEducation about how to design and teach a course when you are not an expert on all of the content--which is really what most teaching is. Here are the main takeaways for those interested. 1/
In my experience, there are four main mistakes that novices often make when designing and teaching a course for the first time.

First, they approach the task by venturing off on their own into the wilderness of literature on all of the topics they don't know well. 2/
In other words, they prepare for course design as if it is a qualifying exam, attempting to become experts on all of the topics that the course will/should/must cover. 3/
Read 20 tweets
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Righteous Babe
@RighteousBabe4
Cambridge Analytica. google.com/amp/abcnews.go…
Gonna use this article to link some bits.
“Warp your perception of what’s real around you.” 🤔
Read 41 tweets

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