1. I think so. I don't think the issue are plans. The issue is that the ability of our govn't to function-to create & enact policy- has been seriously abridged the past decade to the point where it can't function. We've seen virtually no legislation this past decade & pretty
Does anyone in DC have an actual plan that would get the American middle class back on its feet and elevate many more of the poor into the middle class? I mean besides trickle down economics, which has been shown to be a joke?
— John Frost (@JohnFrost) December 30, 2020
More from Rachel "The Doc" Bitecofer 📈🔭🍌
1. Friends, yesterday we released a sample ad of what how @StrikePac will message against the GOP. Frustratingly, voters were never approached which the frame of the Rep Party's collapse into extremism in the 2020 cycle aside from work from outside groups like @ProjectLincoln,
2. @MeidasTouch, @votevets & other "super pacs" which are essentially grassroots funded organizations that are making use of the "super pac" designation to electioneer. Organizing as a super pac actually affords groups a great deal of flexibility to perform pro-democracy work
3. so despite the "ewww, yuck!" factor of that designation, not all SP's are, in fact, evil entities (other than the fact that so many of you I wholly support a fully publicly funded system w very strict limits & honestly, a 30 day electioneering window per cycle which would
4. decimate a multi-billion $ industry BUT do a great deal of work to save our democracy & that type of system, by the way, is BY FAR, the norm among western democracies. Ours is literally the Wild West of electioneering systems and if there is 1 "fix all" reform that would have
5. the greatest & most immediate impact on pulling our democracy back from the precipice of our democracy it would be a fully publicly funded, tightly regulated election/campaigning system. We don't have one of those right now & if we ever want to reach the majorities that could
For years Rs have had Ds on defense, crying "socialist!" while hiding a radicalism so extreme it seeks to destroy democracy itself.
— Rachel "The Doc" Bitecofer \U0001f4c8\U0001f52d\U0001f34c (@RachelBitecofer) January 11, 2021
That's why we're launching @StrikePac- its time to fight \U0001f525 with \U0001f525!
Strike back w STRIKE PAC
RT for democracy's sakehttps://t.co/xSVfNSqLNF https://t.co/O9q5mQXtE5
2. @MeidasTouch, @votevets & other "super pacs" which are essentially grassroots funded organizations that are making use of the "super pac" designation to electioneer. Organizing as a super pac actually affords groups a great deal of flexibility to perform pro-democracy work
3. so despite the "ewww, yuck!" factor of that designation, not all SP's are, in fact, evil entities (other than the fact that so many of you I wholly support a fully publicly funded system w very strict limits & honestly, a 30 day electioneering window per cycle which would
4. decimate a multi-billion $ industry BUT do a great deal of work to save our democracy & that type of system, by the way, is BY FAR, the norm among western democracies. Ours is literally the Wild West of electioneering systems and if there is 1 "fix all" reform that would have
5. the greatest & most immediate impact on pulling our democracy back from the precipice of our democracy it would be a fully publicly funded, tightly regulated election/campaigning system. We don't have one of those right now & if we ever want to reach the majorities that could
1. I think school closures also dragged Ds down in congressional races. To be clear, they wouldn't in a functional democracy not following a herd immunity strategy & normalizing the indifference genocide of up to a half million of its citizens. That "conditional" is a necessary
2. component of the "pandemic backlash effect that we have in the U.S. other countries don't have sizable anti-mask movements, ones so large it impedes states like North Dakota who governor @DougForDakota has "led" them to a point where every single county in his large;y rural
3. state has been governed to "high" infection rates. He must feel so successful that liberty & freedom is so abundantly clear all around him! So yes, in a country that has normalized murdering via indifference its old, medical compromised & in the case of
4. COVID- which is a random killer, which sometimes kills young healthy mothers whose own mothers couldn't let their daughter forgo a baby shower bc its such a special part of the birth experience or bc how do you skip the "1 year" baby party when the baby smashes her cake all
5. over her own head? I get it. Those are once in a lifetime events that can't be replaced. So people have been doing them bc their governors & their president esp has told them to do so, that its no big deal, that actually they'd be FOOLS not to hold that gender reveal party,
Every time I see a parent post about how their kids\u2019 school is closing and going virtual, I think of how my kids haven\u2019t physically been to school since early March.
— kim yi dionne (she/her) (@dadakim) November 11, 2020
2. component of the "pandemic backlash effect that we have in the U.S. other countries don't have sizable anti-mask movements, ones so large it impedes states like North Dakota who governor @DougForDakota has "led" them to a point where every single county in his large;y rural
3. state has been governed to "high" infection rates. He must feel so successful that liberty & freedom is so abundantly clear all around him! So yes, in a country that has normalized murdering via indifference its old, medical compromised & in the case of
4. COVID- which is a random killer, which sometimes kills young healthy mothers whose own mothers couldn't let their daughter forgo a baby shower bc its such a special part of the birth experience or bc how do you skip the "1 year" baby party when the baby smashes her cake all
5. over her own head? I get it. Those are once in a lifetime events that can't be replaced. So people have been doing them bc their governors & their president esp has told them to do so, that its no big deal, that actually they'd be FOOLS not to hold that gender reveal party,
More from Crypto
I'm sure someone else has explained this, but it is just so cool and I want to explain how this works.
So Curve is awesome for swaps between similar assets, right? The fact that they trade very close to each other is a key part about how Curve works, using it's custom swap invariant function.
That's step 1
Step 2 is that Synthetix is awesome for creating "synthetic assets" (aka synths) which are assets that trade like other assets, that are backed by another, entirely different asset. Basically, a plastic banana that I can buy and sell like a real banana.
Synthetix has a feature that lets you swap between any two synths with zero slippage and a flat fee. That's because it is simply converting the sythentic asset into another synthetic asset, the backing for the synth doesn't change it just uses a different price oracle now.
This is important. Absolutely no slippage, at any size
Swap $1m sUSD for $1m sBTC? flat 0.3% fee
Swap $10m sUSD for $10m sBTC? flat 0.3% fee
swap $100m sUSD for $100m sBTC? Well, there isn't that many synths in Curve, yet but you get the point. The only limit is the pool depth
— Andre Cronje (@AndreCronjeTech) January 15, 2021
So Curve is awesome for swaps between similar assets, right? The fact that they trade very close to each other is a key part about how Curve works, using it's custom swap invariant function.
That's step 1
Step 2 is that Synthetix is awesome for creating "synthetic assets" (aka synths) which are assets that trade like other assets, that are backed by another, entirely different asset. Basically, a plastic banana that I can buy and sell like a real banana.
Synthetix has a feature that lets you swap between any two synths with zero slippage and a flat fee. That's because it is simply converting the sythentic asset into another synthetic asset, the backing for the synth doesn't change it just uses a different price oracle now.
This is important. Absolutely no slippage, at any size
Swap $1m sUSD for $1m sBTC? flat 0.3% fee
Swap $10m sUSD for $10m sBTC? flat 0.3% fee
swap $100m sUSD for $100m sBTC? Well, there isn't that many synths in Curve, yet but you get the point. The only limit is the pool depth
"Blockchain technology is energy-intensive..." => No, it doesn't have to be.
Let's look at Proof-Of-Stake, an alternative to the energy-intensive Proof-Of-Work algorithm.
🧵🔽
1️⃣ A Quick Recap On Proof-Of-Work
A Proof-Of-Work algorithm requires miners to do a certain amount of work that is compute-intensive to gain access to a service or the right to do something. This algorithm, by design, also requires that the work done shall not ...
... be reusable for anything else than what it was performed for. This lies at the core of the security concept of a blockchain. To gain the right to append a new block to a chain and to get some currency as a reward, there is work to be done, and this work must be verifyable.
That work is a race between different miners. Many miners try to compete and to be the first to find the answer to a problem presented to them. This implies that a lot of energy is wasted as only the first correct solution is accepted.
You can find a more detailed thread on Proof-Of-Work
Let's look at Proof-Of-Stake, an alternative to the energy-intensive Proof-Of-Work algorithm.
🧵🔽
1️⃣ A Quick Recap On Proof-Of-Work
A Proof-Of-Work algorithm requires miners to do a certain amount of work that is compute-intensive to gain access to a service or the right to do something. This algorithm, by design, also requires that the work done shall not ...
... be reusable for anything else than what it was performed for. This lies at the core of the security concept of a blockchain. To gain the right to append a new block to a chain and to get some currency as a reward, there is work to be done, and this work must be verifyable.
That work is a race between different miners. Many miners try to compete and to be the first to find the answer to a problem presented to them. This implies that a lot of energy is wasted as only the first correct solution is accepted.
You can find a more detailed thread on Proof-Of-Work
Proof-Of-Work is the name of a cryptographic algorithm that is used for some blockchains when new blocks are to be appended to the chain.
— Oliver Jumpertz (@oliverjumpertz) April 3, 2021
Let's take a higher-level look at how this one works, shall we?
\U0001f9f5\U0001f53d
