OK, that was quick, time to drop it.

@PenserETH was correct, I was thinking about @terra_money. I honestly believe its still one of the most underrated ecosystems.

Thread why:

1. Terra is an app specific chain built on Cosmos. It started as a stablecoin app-chain and now branches into other venues. Where it differs from the rest of crypto (which is largely inward facing) is its focus on outward outside “irl” use cases.

https://t.co/fCF8pOXoV3
2. Terra stablecoins (mainly KRT) enable cheap online payments, undercutting the incumbent payment providers by 60%. Via mobile payment app CHAI, KRT is now used by actual retail consumer to pay for stuff online.
3. Until now, the tx volume facilitated by terra is 370M USD, most of it in e-commerce in SEA region. And the fees are accruing directly to LUNA (Terra native token) Stakers and Delegators.
https://t.co/MNqCdAB3Bn
4. This makes Terra one of the best cashflow driven projects in crypto. Not only because it has relatively attractive “P/S” ratio (currently 22, but was below 3 not so long ago!), but also because its success is not dependent on crypto speculation but usage outside of crypto.
5. Apart from (KRT) Korean Wong, they now facilitate UST (USD stable), MNT (Mongolian Tugrik) and SDT (SDR = global reserve asset of IMF - https://t.co/JQojWGZusR). Sounds a bit quirky, but it shows the flexibility of the system and the willingness to capture long tail adoption.
6. Whats also cool is that you can pick whichever currency you want to pay tx fees to validators. Those earning the fees dont have too hard time dealing with it. You can easily trade between the assets using https://t.co/dw9icqaQWd DEX.
7. K, cheap online payments are solved. What else mainstream users want? Savings. Ideally with predictable yields. And the most sustainable income in crypto is currently from staking. https://t.co/dz8nyFu1gv
8. So chads from terra are among the first to connect retail users with PoS income via staking derivatives. Thats what https://t.co/x2Th68MCUX is for, enabling terra stablecoin holders to earn yield from staking, abstracting away complexity of staking.
9. You may noticed that staking derivatives can get pretty hot next year with Eth 2.0. On top of stablecoin adoption, Terra is riding this wave too, harnessing their retail user base (unlike others, whose target groups are crypto insiders).
10. K, payments solved, savings solved. What else can retail normie want from next gen suite of financial products? Investments. Enter https://t.co/HwgNm3MaTx. Enabling synthetic assets on Terra, using simple AMM mechanism.
11. While synths are nothing groundbreaking, Mirror solution is pretty elegant. Currently big tech stonks, as well as some commodities are available in pairs with UST. LPing is incentivized by quite high APY (in MIR tokens) too! The UX is pretty seamless if you are used to DeFi.
12. Cheap payments, stable savings and seamless investments facilitated by standalone app-specific blockchain are a killer combo already. But with IBC and bridging to ETH, Terra will start to talk with rest of DeFi, unlocking superpower of composability.
13. Price action of LUNA was a bit underwhelming compared to other DeFi blue chips. Part of the reason was that its mostly unknown to degens focused on ETH casino, part of it was that some early VCs were dumping their bags, having change of heart about crypto in bear market.
14. But it seems its already picking up. Due to simple fundamentals, its quite easy to conduct financial analysis of the project ( https://t.co/Ftx06v0kvT) and smart money picked up the scent.
15. I think Terra is well positioned to be a dominant Cosmos player, DeFi hub and also interesting SEA region fintech play. IMO its quite underpriced relative to others in this hopium filled market and its probably the best shot for mainstream/fintech/non-speculative adoption.
16. BUT! Dont trust me, I am shilling my own bags and am just anime profile pic anon on twitter…so DYOR. There are risks of something else winning, or maybe BTC maxis are right and this is all crap that goes to zero...
Paging @d0h0k1 in case I got something wrong
Also see this monster thread: https://t.co/ELWGvAjgw2

More from All

#தினம்_ஒரு_திருவாசகம்
தொல்லை இரும்பிறவிச் சூழும் தளை நீக்கி
அல்லல் அறுத்து ஆனந்தம் ஆக்கியதே – எல்லை
மருவா நெறியளிக்கும் வாதவூர் எங்கோன்
திருவாசகம் என்னும் தேன்

பொருள்:
1.எப்போது ஆரம்பித்தது என அறியப்படமுடியாத தொலை காலமாக (தொல்லை)

2. இருந்து வரும் (இரும்)


3.பிறவிப் பயணத்திலே ஆழ்த்துகின்ற (பிறவி சூழும்)

4.அறியாமையாகிய இடரை (தளை)

5.அகற்றி (நீக்கி),

6.அதன் விளைவால் சுகதுக்கமெனும் துயரங்கள் விலக (அல்லல் அறுத்து),

7.முழுநிறைவாய்த் தன்னுளே இறைவனை உணர்த்துவதே (ஆனந்த மாக்கியதே),

8.பிறந்து இறக்கும் காலவெளிகளில் (எல்லை)

9.பிணைக்காமல் (மருவா)

10.காக்கும் மெய்யறிவினைத் தருகின்ற (நெறியளிக்கும்),

11.என் தலைவனான மாணிக்க வாசகரின் (வாதவூரெங்கோன்)

12.திருவாசகம் எனும் தேன் (திருவா சகமென்னுந் தேன்)

முதல்வரி: பிறவி என்பது முன்வினை விதையால் முளைப்பதோர் பெருமரம். அந்த ‘முன்வினை’ எங்கு ஆரம்பித்தது எனச் சொல்ல இயலாது. ஆனால் ‘அறியாமை’ ஒன்றே ஆசைக்கும்,, அச்சத்துக்கும் காரணம் என்பதால், அவையே வினைகளை விளைவிப்பன என்பதால், தொடர்ந்து வரும் பிறவிகளுக்கு, ‘அறியாமையே’ காரணம்

அறியாமைக்கு ஆரம்பம் கிடையாது. நமக்கு ஒரு பொருளைப் பற்றிய அறிவு எப்போதிருந்து இல்லை? அதைச் சொல்ல முடியாது. அதனாலேதான் முதலடியில், ஆரம்பமில்லாத அஞ்ஞானத்தை பிறவிகளுக்குக் காரணமாகச் சொல்லியது. ஆனால் அறியாமை, அறிவின் எழுச்சியால், அப்போதே முடிந்து விடும்.

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Margatha Natarajar murthi - Uthirakosamangai temple near Ramanathapuram,TN
#ArudraDarisanam
Unique Natarajar made of emerlad is abt 6 feet tall.
It is always covered with sandal paste.Only on Thriuvadhirai Star in month Margazhi-Nataraja can be worshipped without sandal paste.


After removing the sandal paste,day long rituals & various abhishekam will be
https://t.co/e1Ye8DrNWb day Maragatha Nataraja sannandhi will be closed after anointing the murthi with fresh sandal paste.Maragatha Natarajar is covered with sandal paste throughout the year


as Emerald has scientific property of its molecules getting disturbed when exposed to light/water/sound.This is an ancient Shiva temple considered to be 3000 years old -believed to be where Bhagwan Shiva gave Veda gyaana to Parvati Devi.This temple has some stunning sculptures.
1

From today, we will memorize the names of 27 Nakshatras in Vedic Jyotish to never forget in life.

I will write 4 names. Repeat them in SAME sequence twice in morning, noon, evening. Each day, revise new names + recall all previously learnt names.

Pls RT if you are in.

2

Today's Nakshatras are:-

1. Ashwini - अश्विनी

2. Bharani - भरणी

3. Krittika - कृत्तिका

4. Rohini - रोहिणी

Ashwini - अश्विनी is the FIRST Nakshatra.

Repeat these names TWICE now, tomorrow morning, noon and evening. Like this tweet if you have revised 8 times as told.

3

Today's Nakshatras are:-

5. Mrigashira - मृगशिरा

6. Ardra - आर्द्रा

7. Punarvasu - पुनर्वसु

8. Pushya - पुष्य

First recall previously learnt Nakshatras twice. Then recite these TWICE now, tomorrow morning, noon & evening in SAME order. Like this tweet only after doing so.

4

Today's Nakshatras are:-

9. Ashlesha - अश्लेषा

10. Magha - मघा

11. Purvaphalguni - पूर्वाफाल्गुनी

12. Uttaraphalguni - उत्तराफाल्गुनी

Purva means that comes before (P se Purva, P se pehele), and Uttara comes later.

Read next tweet too.

5

Purva, Uttara prefixes come in other Nakshatras too. Purva= pehele wala. Remember.

First recall previously learnt 8 Nakshatras twice. Then recite those in Tweet #4 TWICE now, tomorrow morning, noon & evening in SAME order. Like this tweet if you have read Tweets #4 & 5, both.
So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.


The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.

This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.

The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."

This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.