BC CRYPTO
Saved by @Mollyycolllinss

Read the SEC Complaint against Ripple. It’s bad for XRP and for all crypto, except BTC. It’s bad for XRP because it alleges all XRP are *at this very moment* securities in the US, not just the XRP Ripple allegedly bundled into an investment contract. 1/n

 Ironically, that would mean XRP can’t be used by anyone for any purpose *other than* speculation on Ripple’s success in the US. Go figure. The XRPL is a fully functioning network. I’ve used it to send value between exchanges to cash out in AUD through an ODL exchange partner. 2/n
It takes all of 30 seconds for the money to arrive in my bank account. It is a wondrous experience. At no time did I think I was purchasing a speculative investment product. Yet the SEC alleges that is exactly what I did. 3/n
To the SEC, all holders and sellers of XRP are holding and selling an investment contract issued by Ripple. This shows how useless their previous guidance has been. Here, a digital asset on a fully mature network is a security for everyone because… well, just because… 4/n
This case probably can’t settle. If XRP is a security it can’t comply with security laws *and* be used for any purpose by anybody except for speculative financial gain at the hands of the company that can’t use it to generate value for anybody because its a security. Nuts. 5/n
So, catch 22. For XRP to move value it must have value. The more value the better. That self-evident fact becomes an expectation that Ripple’s efforts will increase the price because using it and making it valuable are the same thing. 6/n
The XRP Community has long debated the chicken/egg nature of XRP use vs price. The SEC answer is neither the chicken nor the egg should exist. There’s only an unregistered duck. Hand your money to the shorts… (proving not all users expect profit from Ripple’s endeavours) 7/n
It is bad for crypto because it introduces a wholly new unspecified standard for treating a native token of a functioning network as a security based upon the use made of that token by one member of the ecosystem. 8/n
Most projects sell tokens in functioning networks to fund ecosystem activities. There appears no reason why these entities are not also selling securities in the SEC’s view. Especially if there is initial VC investment, IMHO. Why invest except in expectation “number go up”. 9/n
The complaint is loaded with allegations about behaviour that is unlawful in respect of securities, but light-on about why all XRP are securities. Sure, there is information asymmetry. But information asymmetry alone shouldn’t create an investment contract relationship…10/n
The complaint is actually very hand-wavy on the key legal issues that everyone will want resolved. The two key ones are nature of the "investment contact" relationship and the definition of the "common enterprise". 11/n
Relationship: Everyone says Howey has four tests, but really there are five. 1) Contract arrangement or scheme 2) investment of money 3) in a common enterprise; 4) with expectation of profit; 5) through the efforts of others. 11a/n
Everyone overlooks 1) because until blockchain there was always a counterparty. But in decentralised networks, who is the counterparty? What is the nature of that relationship that gives rise to an investment contract? All crypto needs to know. 12/n
When does owning a token on the same network give rise to a contract, arrangement, or scheme between two strangers, one of whom is trying to make valuable use of the token, and the other of whom just happens to believe they will succeed? 13/n
Common Enterprise: The second, related problem, is what is the common enterprise? Is it Ripple’s business? The XRPL? Are validators included? What degree of decentralisation is necessary for the code-enforced collaboration between strangers to not be a common enterprise? 14/n
The wake up call for crypto is that having a fully functioning network is no protection. Every chain with a Foundation with a genesis stash of tokens to raise funds to develop/give value to the network is at risk. The SEC guidance is less than worthless, excluding BTC. 15/n
The wake up call for the XRP Community is that Ripple’s efforts may have been less successful than assumed. The lack of regulatory clarity in the US has been crippling. There has been no real price discovery for xrp. Almost everything you see is speculation, not adoption. 16/n
My bet is this will be a long and existential battle, absent legislative intervention. I don't see the path to compliance that would involve a wrist slap and a clean launch pad for the future. The security designation is a killshot, not an inoculation. 17/end

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Fomocap trades
Fomocap trades
@Workedia
1) #Bitcoin $ETH #Defi THE ART OF Contrary Thinking by
HUMPHREY B. NEILL

It Pays To Be Contrary

"What is the Theory of Contrary opinion?"

Primarily, it is a method of ruminating over a broad range of public questions; political, economic, and social.

2) In sum, the purpose is to contest the popular view, because popular opinions are so frequently found to be untimely, misled (by propaganda), or plainly wrong.

3) When everyone thinks alike, "everyone" is likely to be
wrong When writers write alike, readers are prone to
think alike Too many predictions spoil the forecasts;
or, to put it another way, the weight of predictions causes
their own downfall.

4) Caution: The contrary theory is a way of thinking, but
let's not overweigh it. It is more of an antidote to general
forecasting than a system or forecasting.

5) Human traits that make the theory of contrary opinion
workable, include:
Habit
Emotion
Irritability
Custom
Greed
Pride-of-Opinion
Imitation
Hope
Wishful Thinking
Contagion
Impulsiveness
Fear
CRYPTO
V.H.
V.H.
@Varg_88
Lots of people are sleeping on one the biggest things @quant_network is currently involved in-ODAP (Open Digital Asset Protocol).

So what is exactly #ODAP and why this makes $QNT one of the most significant and, regarding #crypto mcap, undervalued projects?

Time for a THREAD⬇️


1/ODAP is the protocol for communication between gateways, primarily with an enterprise focus.
So banks, central banks etc. would run a gateway in Overledger Network and ODAP would be the protocol for gateways to communicate with each other in a secure and trustless manner. $QNT


2/ #ODAP Interfaces are the open source connectors that will connect a gateway to #blockchains and any existing network / API. That is based on the standards from work done at ISO TC 307 which 57 countries are working towards.
$QNT CEO Gilbert Verdian is the founder of TC307.


3/We know from the submitted drafts via #IETF (the Internet Engineering Task Force) $QNT is working on #ODAP with:

✅@MIT

✅@intel

but, there’s more to the story as we found out from Gilbert that US Government, Juniper, payment and telecom companies are also there.


4/So how it all started with #ODAP?
Let’s go back to $QNT CEO Gilbert Verdian’s interview with Santiago Velez on #RealVision (October 14th) and try to put all the pieces of the puzzle together.
I’ll forward his words ⬇️
CRYPTO
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Dan Held
Dan Held
@danheld
1/ Fear and Bitcoin.

Whenever Bitcoin has a bull run, naysayers try to cope with missing the boat by rationalizing why it will fail through “Fear, Uncertainty, and Doubt” or what we Bitcoiners have nicknamed “FUD.”
CRYPTO , FUD
Meltem Demirors
Meltem Demirors
@Melt_Dem
1/ crypto VC is going through an explosive 🧨 phase

there are big funds (>$500M AUM), a lot of small funds (<$50M AUM), and *tons* of prop firms + angels

i’ve done 15 deals in the last 3 months as an angel + small fund @CoinSharesCo VC.

observations + implications... 👇🏾

2/ the big firms need to deploy in size - $5M checks and up

a $250M fund could do a $5-10M deal every month for two years and still be under-allocated

and there aren’t enough companies raising series B / C / D rounds!!!

every deal i’ve done lately is under $50M valuation

3/ so we see firms competing to take down entire rounds.

a recent series A financing had two firms competing to take down the ENTIRE ROUND, and it eventually got upsized, a LOT.

if a company is putting up user acquisition / growth and a revenue story, it’s highly competitive

4/ most projects and co’s don’t need money tho - why would a founder take 20-40% dilution when they’re banking cash and crypto? so they do 5-10%

so the valuations go up, but available allocations go down, resulting in an even bigger squeeze on allocators who *need* to deploy

5/ add in the onslaught of non-crypto M&A that’s coming, which is culling the herd of investable unicorns

add in the wave of SPACs and direct listings taking later stage opportunities out

there just aren’t enough places to put capital in size rn

what’s a fund to do?
CRYPTO
Value DeFi Protocol
Value DeFi Protocol
@value_defi
We are actively working to launch on @binance Smart Chain #BSC .

To make this transition easy & understandable for everyone, we are answering most frequently asked questions here.

Ready? Go! 🔥

1/24

#DeFi #YieldFarming


Q1 - What are the benefits of holding the $VALUE token on the Ethereum Mainnet network? Give me reasons not to sell. Some are assuming that the VALUE token will be abandoned now that vBSWAP is being created. Can you clarify the use case for VALUE?

👉 $VALUE will always be a governance & profit receiving token of the whole ecosystem if staked in #vGov. With the new farming token on #BSC , gvVALUE holders will get extra rewards at BSC if they choose to bridge their gvVALUE to BSC & stake in gvVALUE-B/BUSD 98/2 pool.

Q2 - What do I need to do with my VALUE tokens that are staked in vGov? Is it OK to leave them in the vGov?

👉If you have VALUE but aren't staking in the vGov & you would like to participate in the BSC expansion, you will need to stake your VALUE in the vGov to receive gvVALUE.

If you are staking in vGov but don't see the correct gvVALUE amount in your wallet, go to vGov (https://t.co/udXn5IJtVx) to unlock your gvVALUE from the old contract. There will be a bridge from ETH to BSC to move gvVALUE and vUSD over.
ALL , CRYPTO

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"How the Avengers would respond to the Capitol riot" (a thread)

CAPTAIN AMERICA - tells Falcon, "I fought Nazis once before. They're extremely dangerous." They then see the guy scaling the Capitol wall fall into the shrubs. Falcon: "You sure these are the same Nazis?"

IRON MAN - lands by the guy carrying the podium. Says, "Mind if I borrow this?" then tosses it to Hulk, who swings it like a bat at the mob. Guy: "Hey, that's MY podium!" Iron Man: "Actually it's the Speaker's. And technically, it's a lectern." Then punches him through a wall.

BLACK WIDOW - enters hotel room where Jack Dorsey is tied up. Rips duct tape off his mouth. Jack: "I'll do anything you want!" BW: "Disable POTUS's Twitter. NOW!" Jack fumbles with his phone. "Done. Anything else?" BW: "Yeah. Trim your beard for God's sake." *tosses him clippers*

HULK - grabs a selfie stick from one of the guys and beats him over the head with it. Deeming it too small, he grabs another guy's Confederate flag and takes out a whole swath of rioters. He then tosses the flag to Cap, who uses it as a javelin to impale a fleeing Ted Cruz.

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KANAKA DURGAMMA, VIJAYWADA (AP)
#bharatmandir

Ma Kanakadurgeswari is the supreme Goddess of Andhra Pradesh, seated atop the Indrakilaparvatha at Vijayawada.
This area is called Bezawada as Shiva made a bejjam (hole) in the rocks so that Krishna river could flow freely.


Once, a Rishi Indra Keela prayed to Devi and asked her to reside on his head forever. Devi told him to wait in the form of a mountain in the holy plains of River Krishna.
Later, when Devi killed all demons, she settled on Keeladri as Mahishasura Mardini and fulfilled his wish.


In this place, Arjuna performed penance and fought with Shiva, who had appeared in the guise of Kiratha to win Pasupathastra, the most powerful weapon. So this place is also called phalguna theertha and Vijaywada on account of Arjun’s victory.


Adi Sankaracharya visited this shrine and worshipped the Devi. He installed SRICHAKRAM at the feet of Sri Kanaka Durga.

Adjacent to the Kanakadurga shrine is the shrine of the divine consort-Sri Malleswara Swamy on the Indrakeeladri.
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Jaya_Upadhyaya
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ARULMIGU SRI PARTHASARATHY SWAMY KSHETRAM, CHENNAI (TN)

Divya Desha where Perumal appears with moustache of a Sarathi (charioteer) to conduct Arjun’s Rath in Kurukshetra war.
Here, Venkatkrishna-Parthasarthy is present with his entire family.


He is flanked by Sri Rukmini, Sri Balarama, Satyaki, son Pradyumn and grandson Anirudha.
It is said that on the request of Raja Sumathirajan, Sri Perumal appeared and stayed here as Arjun’s charioteer (Partha-sarathi).


He is without chakra as he had promised not to wield weapons in Mahabharata war.
The face has scars caused by Bhishma’s arrows on Arjun. Prabhu took the arrows on himself to protect Arjun.


The Naivedyam offered here does not have spices. Ghee is used in it to cure Prabhu’s wounds. Sarkarai Pongal is famous here.

It is said that Rishi Bhrigu found Devi Lakshmi (as Vedvalli) in Alli flower in the mandir pushkarini. Later, Sri Ranganatha came here to marry her.
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@VIBHU_Tweet
RANI NAIKI DEVI AND THE BATTLE OF KASAHRADA

Mohammad Ghori, the young Ghurid Prince conquered Ghaznavids in Afghanistan in the year 1173 CE. He conducted some successful raids into the Indian territory, which even Mahmud Ghazni & the Persians couldn't do.


First&foremost,Ghori invaded states of Multan &Uch in India.After this he turned to southern states of Gujarat &Rajputana.Everybody knows this about Ghori,but what most pple r unaware of is the defeat he suffered at hands of Chalukyan Queen Naiki Devi in 1178 Battle of Kasahrada.


When he marched southwards, his first target was the prosperous fortified town of Anhilwara Patan.
It was the capital of Chalukyas(also known as Solankis of Gujarat) which was established by Vanraj of Chapotkata Dynasty in 8th century.


American historian Tertius Chandler states that it was the 10th largest city in the world at that time. The history of Chalukyas has been written by many historians, but the valour of the Great Queen Naiki Devi remains unsung.


Born to the Kadamba King Paramardin of Goa,Naiki Devi was well trained in sword fighting, horse riding, strategy & every other subject of Statesmanship. She was married to King Ajaypala of Gujarat who sat on throne in 1171CE. Unfortunately,the King died within 4 yrs of his rule.
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@JamesClear
My top 10 tweets of the year

A thread 👇

https://t.co/xj4js6shhy


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https://t.co/1147it02zs


https://t.co/A7XCU5fC2m
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