BC CRYPTO
Saved by @CodyyyGardner

THE 2020 YEAR IN #BITCOIN

Ah yes, New Year's Eve. A time to reflect, look forward, celebrate, and throwback Long Reads Sunday style with the BEST BITCOIN TWEETS OF 2020.

Strap TF in, it's time for a thread!

๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡

 2) Let's start by going back to February.

Even before the full impact of COVID-19 kicked in, bitcoiners were thinking big about the epoch shifts we were in the midst of.

https://t.co/rK3gIvUg0e
3) When the markets DID start to finally react, bitcoiners were quick off the draw to point out that, whatever the risk the virus posed, the economic threat was significantly predetermined by fragility borne of decades of decisions.

https://t.co/SGBsl3FE1Q
4) Focus quickly shifted to a global dollar shortage and what it might mean across industries - The "Dollar Wrecking Ball" as @RaoulGMI put it.

https://t.co/eFCkcd1qRJ
5) As every market (including BTC) crashed on the infamous March "Black Thursday," Coinbase buying told a story that would be persistent throughout the year - the bitcoin community scooping underpriced corn as others fled to safety.

https://t.co/TR8HLQWpCF
6) @scottmelker had easily one of the most prophetic tweets of the year, presaging the massive institution demand that would start flowing in just a few short months.

https://t.co/emZ8pqZRss
7) @prestonpysh meanwhile explained how the veneer of market independence was crumbling around us, and why we're careening toward a very different market model.

https://t.co/cSWMxALAYx

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Ben Kaufman
Ben Kaufman
@_benkaufman
๐ŸงตThread: 10 Rules for Verification on a #Bitcoin Hardware Wallet ๐Ÿ‘‡

Rule #1: DO NOT TRUST THE COMPUTER SCREEN.

The very reason for using a hardware wallet is that your computer IS compromised, trusting it makes using the hardware wallet an expensive security theatre (or 2FA at best).
Always verify on the HWW device screen!

Rule #2: Verify your "receive" addresses BEFORE accepting funds.

A compromised computer can be tricked into displaying addresses that belong to an attacker. The only way to make sure you own the addresses is to display them on the HWW device and verify they match.

Rule #3: Verifying change address should be done by the device when sending funds, not before like receive addresses!

It is pointless at best, and misleading at worst, to verify them beforehand like receive addresses...

All hardware wallets support verifying the change address belongs to you AT TIME OF SIGNING A TRANSACTION.
Verifying before that is pointless and error-prone.

Now let's talk some multisig...
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LiBZ42
LiBZ42
@LiBZ42
1 - Over the years I've learnt a lot of new things that I wish I knew when I first started so I want to make this thread for all the new traders out there who wants to turn their trading into a profitable career ๐Ÿ”ฅ

Will be adding to this thread over time.

17 - Because trading is a game of numbers and probabilities, whenever you see a setup that fits your trading rules and aligns with your edge, you NEED to take the opportunity!

Don't pick and choose, just religiously follow your plan and rules!
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Nick Chong
Nick Chong
@n2ckchong
We're in the phase of the market where there's a lot of retail inbounds but not enough education about the Ethereum ecosystem and DeFi.

So, let's break down the basics of some of the top protocols.

First on deck: Aave (@AaveAave), an Ethereum-based money market protocol.

A ๐Ÿงต


TL;DR: Aave is a protocol through which any user anywhere in the world can take decentralized loans by collateralizing their assets.

Aave also allows those will idle assets to earn a relatively safe return on capital from lenders, whose rates are determined by a curve.

1/ For years, most crypto assets had no indirect or direct utility.

Users would hold BTC, ETH, and other assets (including many ERC-20 tokens) with no expectation of a native yield or dividends.

ETH, for instance, was long just an asset for transaction fees, as was Bitcoin.

2/ If users wanted to borrow against their assets, they were relegated to centralized platformsโ€”which were few and far between years ago.

3/ Aave, formerly ETHLend, is a protocol allowing users the ability to lend and borrow on-chain, without KYC and untransparent fees.

Users can deposit a variety of assets as collateral, then use that collateral as ammo to borrow other assets to be used in DeFi or beyond.
CRYPTO
Brett Scott
Brett Scott
@Suitpossum
With Bitcoin's rising price I get many people asking me my opinion about it: Here are nine tips

1) Don't take advice about Bitcoin from those with a vested interest in seeing its price rise. That's like listening to CDO dealer in 2006. When prices go up, critical thought go down

2) Bitcoin is fascinating from a tech perspective, but don't fall for the rhetoric of monetary revolution. I was among the early users of Bitcoin & actually tried to use it as 'money', but it's not a monetary system. It's a system of cyber-collectibles, priced in dollars

3) By all means pass your money to a seller of these collectibles, but don't do so under the illusion that you're engaging in rebellion, or that you're doing prudent investment. You're doing what you're doing, which is buying a collectible from someone who is taking your money

4) Unlike many other collectibles, Bitcoin has no actual features, other than the fact that it can be moved around. It has a highly innovative issuance & movement mechanism, but that's somewhat meaningless if the thing being issued and moved is featureless

5) In fact, its only feature is its logo and the language that surrounds it. Without that the tokens are basically just blank digital objects, the digital equivalent of passing around fragments of limited edition clear glass beads
CRYPTO
Daan Crypto Trades #NFT
Daan Crypto Trades #NF...
@DaanCrypto
NFT Crypto Guide 101 ๐Ÿ“š

๐Ÿ”นWhat are Non-Fungible-Tokens?
๐Ÿ”นWhat are NFTs used for?
๐Ÿ”นWhat do I expect for the NFT space in 2021?
๐Ÿ”นWhat NFTs do i hold?
๐Ÿ”นWhere do I buy NFTs?

I will go through all of these questions.

Thread below ๐Ÿ‘‡

๐Ÿ”นWhat are Non-Fungible-Tokens (NFTs)?

NFTs are crypto tokens that represent something unique. They are not mutually interchangeable.

This means that one NFT is not the same as the other.

Unlike for example Bitcoin, where each satoshi is exactly the same as the other.

These NFTs exist on the Ethereum Blockchain. Instead of ERC-20 tokens, we call these NFTs: ERC-721 or ERC-1155 tokens.


Each of these NFTs have an unique ID that seperates them.

For example, The Hashmask with ID #6718 is completely different than the Hashmask with ID #9939.

Different visually as well as the ID on the blockchain.


๐Ÿ”นWhat are NFTs used for?

NFTs are used to create verifiable digital scarcity and digital ownership.

The main applications we see today are:

๐Ÿ”นDigital Art
๐Ÿ”นCollectibles
๐Ÿ”นGames
CRYPTO

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One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.


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Yoga Ramar Temple
#Nedungunam
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