DFi Profile picture
Feb 16 5 tweets 2 min read
Many #Americans are led to believe that there are only two sides to a question. This way of thinking goes back to the times before the civil war (1861-65), when the two major political parties had already formed.

cliffsnotes.com/study-guides/a…
In other western democracies, a plurality of parties is the norm: there are typically 3 or 4 major parties and a large number of others: Japan 3, Germany 3, UK 4, France 3, Italy 4.

Here is a list of political parties around the world: en.wikipedia.org/wiki/List_of_r…
False dichotomy leads to a polarization of views and gives rise to movements on the extreme left and right. How is it possible, that every federal election goes right down to the wire on a 50-50 split?

logical-fallacy.com/articles/false…
Thinking outside the two main options is unthinkable: you are either a Republican or a Democrat, a liberal or a conservative. Since the civil war, the winner received 52% of the popular vote on the average - just 2% more than a coin flip.

en.wikipedia.org/wiki/List_of_U…
Luckily, the happy reality is that there are more than two sides in any debate. Taking a recent example from Canada, you do not have to choose between the truckers and the government: you can decide to be in the middle, seeing the good and bad on each side. Left - Center - Right

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with DFi

DFi Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @DeFi_initiate

Feb 16
The vast majority of CT is misunderstanding the #Canadian situation. The simple fact is that the #convoys have nothing to do with #freedom or peaceful #protests.

First off: the #EmergenciesAct is not martial law and is not above the law.

cbc.ca/news/politics/…
The protesters are a fringe #rightwing #minority group, partly supported by the American #extreme right.

cbc.ca/news/canada/co…
#Sabotaging the delivery of food and medical #supplies, blocking the movement of #international goods and services, holding up ambulances and firetrucks, preventing people from getting to #work - these are #criminal activities and not peaceful protests.
Read 9 tweets
Feb 10
Here is a hard question for #bitcoin maxis (and plebs):

Why will we end up with 21 million coins in the end?

You think this is easy? Let's see... 🧵 of 21 👇
1. We all know the easy answer: because in its first halving cycle, #bitcoin created 10.5 million coins (50 block subsidy coins * 210,000 blocks), and half that in the next, etc. After a number of cycles, we will have close to 21 million coins.

But I'm asking why, not how.
2. Let's dig in. #Satoshi was (partly) a coder, so he was obsessed with the powers of 2. Many generations of computers have been built on these powers: 8 / 16 / 32 and 64-bit computing and operating systems - to mention just the most obvious.
Read 23 tweets
Feb 7
#Bitcoin DPC Model - The Collection
It's about time someone collected all the relevant tweets...

🧵 of 7
2. Final implementation of original vision (30 Jan 2022):
Read 9 tweets
Feb 6
Building the DPC Model, Part IV
Adjusting the projection line to the diminishing effect of #bitcoin's halving cycle

🧵 of 11

Part I:
Part II:
Part III:
2. The final adjustment to the projection line takes care of the diminishing effect of the halving cycle. The impact of the halving cycle was discussed in Part II. Why is this effect decreasing, and when will it disappear?
Read 14 tweets
Feb 6
Building the DPC Model, Part III
Adjusting the projection line to #bitcoin's daily closing price
🧵 of 6

Part I:
Part II:

Latest weekly model update:
DPC model background:
1. We have seen that the foundation of this model is the power law and the halving cycle. As these two components work with average values, they can sometimes be too slow to adjust to changing circumstances. Therefore, a third component is needed to add agility to the model.
2. The two charts above show the impact of this adjustment due to daily closing prices. The added gold line is the projection line for the base DPC model (power law + halving cycle). There are three essential differences between the base (gold) and adjusted (red) projections.
Read 9 tweets
Feb 6
Building the DPC Model, Part II
Modeling #bitcoin's block subsidy (miner reward) halving cycle

A continuation of

🧵 of 14
1. What is the halving cycle, and why is it important for the price of #bitcoin? Let's review this article again before we go any further: investopedia.com/bitcoin-halvin…
2. Each block includes a reward for the miner who successfully solves the block; this is called the block subsidy. Every 4 years or so (210,000 blocks of ~10 minutes = ~3.99 years), this block subsidy (miner reward) is cut in half programmatically.
Read 19 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

:(