A lot of people think my interview with Roger Ver was a turning point when I left the church of Bitcoin maximalism
In fact, I started questioning it when the culture became obviously non-libertarian during the pandemic
Asking Gary Gensler’s SEC to label everything other than BTC as an unregistered security
Defending KYC & weird surveillance practices, by saying that at least the service is “Bitcoin only and doesn’t support any shitcoin”
Slaying guys like Andreas Antonopoulos who honestly is the reason many of us stuck around
Pushing idiots with nothing interesting to say to speak on conference stages just because they are “bullish”
Shitting on projects that have been nothing but nice and supportive to Bitcoin (Litecoin, Zcash) and others that do what Bitcoin cannot (Ethereum, Monero)
Replacing reason with dogma and enforcing everything with a weird sense of self-confidence that stalls progress
Acting like any network upgrade is an attack, despite intensive testing on other compatible networks
Vilifying developers to the point that they ragequit to build something else, while those who stay are incentivized to play along with the meme culture just to earn a paycheck
Worshipping Saylor, who is against the values of Bitcoin’s early days
Sucking up to politicians and selling out to government agencies because “everything is good for Bitcoin” and “Honeybadger don’t care”
Pretending that a federation like Liquid is decentralized and the L-BTC token is actually bitcoin (the market chose Ethereum for this use case, lol)
Repeating lies about Lightning Network’s success, when the project has been stagnating in terms of liquidity for years
Acting like bitcoin adoption in El Salvador (mostly custodial, surveilled by the state) is going the way it’s supposed to and other countries should copy the same example
Looking the other way while bitcoin payments get replaced by stablecoins and BTC adoption was in fact higher a decade ago
Changing history and erasing the contributions of OGs only to appeal to institutional investors that may make the number go up (who still remembers Gavin Andresen or Mike Hearn?)
Making up narratives on the go, manufacturing fake news in order to manipulate the market sentiment and get another pump
Suppressing conversations about serious improvement proposals, which would help Bitcoin scale to 8 billion people and offer monetary fungibility
Keeping builders away from Bitcoin with a hostile and cocky attitude which assumes victory before any significant battle has been won
Not giving a fuck about the disappearance of privacy products & research (Ethereum raised millions of dollars to defend the Tornado Cash devs, while bitcoiners simply shrugged when Samourai devs got arrested)
Normalizing a culture of complacency where you’re afraid of saying something wrong (or even remotely different from the social consensus) because you might just be excommunicated
Promoting sheepish mediocrity while pushing away radical reformists (Paul Sztorc, Jeremy Rubin)
Forgetting history (today was UASF day, does anyone still remember?)
Never giving the benefit of the doubt to other networks that build cool shit, only because they have tokens which compete with bitcoin
How to become a Quant Scientist:
Math:
• Calculus
• Linear algebra
Stats:
• Probability
• Time series analysis
Python:
• Pandas
• Zipline Reloaded
Markets:
• Economics
• Microstructure
🇨🇳SHANGHAI LOCAL GOVT AND TESLA SIGN 4 BLN YUAN DEAL FOR TESLA'S FIRST CHINA GRID-SCALE BATTERY STORAGE PROJECT - @yicaichina .
#CHINA#TESLA $TSLA
https://t.co/SJPO74btSG
🇨🇳ANT GROUP: (ON APPLICATION FOR STABLECOIN LICENSES IN HONG KONG AND SINGAPORE) WILL SUBMIT APPLICATIONS ONCE CHANNELS OPEN.
ALIBABA-RELATED STOCKS SURGED IN HONG KONG; YUNFENG FIN JUMPED OVER 90% AT A TIME, SYNAGISTICS UP OVER 14%, ALI HEALTH UP NEARLY 4%.
#ALIBABA $BABA
https://t.co/d9wNyAlAxV
On June 2, 2024, Nasdaq submitted a rule change proposal to the SEC, seeking to include XRP, SOL, XLM, and ADA in its digital asset benchmark index, and to allow the Hashdex Nasdaq Crypto ETF (NCIQ) to shift from the current NCIUS index to the broader Nasdaq Crypto Index (NCI), which includes nine digital assets. If approved, the ETF would be permitted to invest in all nine cryptocurrencies, including the newly added four. The SEC’s final decision deadline is November 2, 2025.
https://t.co/y5Q9oWXln7
The Everything Code TL;DR.
The labor force participation rate isn’t going to rise anytime soon – it’s set to keep declining over time. This is a structural problem…
We’ve got aging demographics, falling birth rates, and now the rise of automation.
Humans are already being replaced by AI and robots at a staggering pace, and that shift is only just beginning. This is deflationary.
It also reinforces the need for ongoing stimulus to keep the system afloat.
Fewer workers. More tech. Same debts…
While same chart patterns can form and complete, the path to price objective can be different. That is why I have categorized breakouts in 4 different types. Type 1 which is the breakout and rally, usually exceeds its price objective.
The chart below shows a Type 1 and Type 3 breakouts
Most countries around the world now recognize that China provides superior, more affordable technology to help their people achieve prosperity.
We have already won. 🇨🇳
Please DYOR:⚠️Japan🇯🇵 does not have a stablecoin $JPYZ. This token was launched in 2017 as a "social experiment" but was not backed by Japanese yen reserves. Instead, its parity with the yen was maintained through a scheme to buy back tokens at 1 JPY per JPYZ on exchanges. This led Japan’s Financial Services Agency (FSA) to classify JPYZ as a virtual currency, requiring the issuer to register as such.
IT IS CURRENTLY NOT HANDLED IN JAPAN. The last exchange to offer it (in Japan) was ZAIF, which discontinued it in 2022.
https://t.co/C68U5fNI6o
Price dynamics of a #symmetricaltriangle breakout.
Challenge: breakout might not clear previous highs. Breach of pattern boundary can find resistance at previous highs resulting in a loss of momentum.
🚨 HISTORIC DAY FOR XRP 🚨
TWO stablecoins just launched on the XRP Ledger:
✅ EURØP — the first MiCA-compliant Euro stablecoin
✅ USDB — Braza Group’s USD-backed stablecoin for LatAm
This isn’t hype. It’s infrastructure going live.
$XRP is no longer “the future” —
It’s the settlement layer of today.
Real assets. Real rails. Real adoption.
#XRP #USDB #EURØP
🚨BREAKING: A new Python library for algorithmic trading.
Introducing TensorTrade: An open-source Python framework for trading using Reinforcement Learning (AI)