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.
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.
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?
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.
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
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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.
#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.
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.
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?
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.
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.