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24 Nov, 3 tweets, 2 min read

There’s a difference between private & public #cryptocurrency.

Public blockchain-based cryptocurrency offer some degree of anonymity cause users to operate under pseudonyms. Anonymity and Pseudonymity are not the same thing as privacy. Transactions can be traced.

1/

Privacy comes with advanced cryptography.
There are popular tokens designed to be private by default by hiding transaction details.
These cryptocurrencies are public but transaction information is obfuscated in varying degrees to protect the privacy of the end users.

#Crypto
2/

According to Investopedia, these are the most private:

1. Monero
2. Zcash
3. DASH
4. Horizen
5. Verge
6. Beam

#cryptocurrecy #crypto
3/

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@LarissaFernand

3 Nov 20

@Sanjay__Bakshi

Extinction is the norm, Survival is the exception.

Nature is not cruel, only pitilessly indifferent
- Richard Dawkins.

Capitalism is not cruel, only pitilessly indifferent
- Sanjay Bakshi

@Sanjay__Bakshi at #MICIN draws parallels between evolutionary biology & investing.

@Sanjay__Bakshi

Black Swan Events will occur & catch us by surprise. When they do, Capitalism shall be pitilessly indifferent.

-ve: Death. Destruction. Extinction.

+ve: New players. Adaptation. Cost cutting. If we resist this or fight it, we risk going extinct.

@Sanjay__Bakshi at #MICIN

*It's impossible to avoid the impact of a -ve black swan. No matter how diverse your portfolio, it will get hit.

*Like nature, the market is a Pari Mutuel game (behavior of other players changes the odds).

*To thrive in the long run, you have to suffer in the sh term.

#MICIN

Read 6 tweets

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@LarissaFernand

3 Nov 20

Rupal Bhansali says it so well.

Rules of investing are not just different, they are asymmetric.

In investing, it is not enough to be correct. If there is a consensus there is no payoff.

So not only must you be right, you must also prove everyone else wrong.

#MICIN

So you score no points if you are correct, and the consensus is with you. But you also score negative points if you are incorrect.

Those penalty points are the albatross of investment capital. Which means, you can lose a lot of money if you get things wrong.

#MICIN

Momentum rallies tend to function like ponzi schemes. 🤣🤣

In a ponzi scheme, when money flows in, it tends to become a self fulfilling prophecy. When it flows out, it becomes a house of cards.

#MICIN

Read 5 tweets

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