Crypto Analysis Dynamo's avatar
Crypto Analysis Dynamo
npub1sxdw...0qt8
Crypto Analysis and Automated Trading for swing trading. Check us out. Peace.
The Peter Schiff CZ bitcoin gold debate was interesting. CZ presented physical examples and very good arguments. Peter seems to have evolved to tokenizing gold and wasn't considering Blockchain. Which means counterparty risk and centralised databases. In Peter's eyes, just build a gold backed Blockchain? Am a long-term Schiff fan but his obsession over bitcoin Vs gold is irksome. Has gold led to a plethora of security based technology? Peter would say yes because computers use gold, should we not celebrate oil and plastic? Just as Peter has coined this idea of tokenizing gold, it already exists. Additionally was this circularity around recognising virtual assets and goodwill but failing to acknowledge the many good things bitcoin and Blockchains does in general. Guarantee that if a new Blockchain threatened gold Peter would switch to attacking that. On frequent occasions, Peter says there are far better Blockchains but rarely delves into them. The best CZ example was carrying gold cross border. It is bizarre that nation states issue a limit but this is a key benefit of Blockchain assets/money. These days, carrying a few ounces of gold would raise questions. Finally, the one point Peter brings up is the "Greater fool theory". Market places are people buying and selling goods. My challenge, in any asset class there are long-term holders. Housing, money, precious metals, cars. Governments hold a large amount of gold and an increasing amount of seized cryptocurrency assets. With a tokenised billion vault, as long as the fees exceed the platform cost the service is viable in the event of a run. Yet, the fees for Blockchains are lower. The miners will only switch off if totally not viable. This can happen in any monetary system.
Realise this account is semi-professional. However, being that am a data expert, it has to be explained just how terrible a platform x/twitter has become. Full disclosure, yes - I have some X accounts, yes - I use their AI and it is generally pretty good. Points The first is that our Crypto Statto account, paid premium, was suspended for sharing details on automated marketing software we built. It posts content on a schedule to different social media platforms. 2 or 3 times a day max. Sorry purists but automated social media marketing does help boost reach. When posting a nostr endpoint (a readonly) get request, describing some code. Suspended. Each time we appealed, automated AI response. Zero humans to use common sense. Communities Total echo chambers with ultimate power of veto. Anything the moderators don't like will see you permanently removed. The gatekeepers are more totalitarian than the X algorithms. Deboosting and Shadow banning Even a half-decent software engineer can run a few tests to verify the many ways your posts are deboosted. The most obvious one being porn bots. Post something non-contentious, no porn bot. Post something contentious, porn bot. There are many other examples. Centralisation X is centralising further and further. If, eventually, users depend upon these increasingly over time, deplatforming becomes a major issue. The first two examples given are harmful to any business, but once more digital services are hooked into X and other major social media platforms, your reputation is ruined. Doxing Every attempt under the sun to get individuals to tie their personal details is attempted. Commonly observed is X failing to connect until you suspend your VPN. Hence why certain machines only have certain accounts on them. VPNs are a basic security measure, why do major sites prefer you not to use them? Government backdoors It is unfathomable but true. Echo chambers Once you start talking about certain topics, good luck finding out about other topics. Latest post algorithms - Following What comes up? Reposts of big accounts, big accounts. The accounts you interact with, never seen, yet posted frequently. These accounts, zero likes. The only way to overcome this is to create lists, but this feature is never explained. Unexplained viral posts Why does, on a rare occasion, a post get high numbers of interactions? In summary It is a tough one. As a social media platform, nostr isn't there yet but offers many of the key things deliberately not provided by X. Many good accounts stick on X, hence the contention.
Test adults' ego's this Xmas, telling them you remove all labels from the presents on the tree and write "From Santa"
Half hour rest after dinner. It can't all be automated trading and Zero Knowledge Trust. Watched the Chase Demoor Andrew Tate press conference and some of Chase Demoor's "highlights"! Oh dear. Never mock someone for getting into a boxing ring but the way Demoor is bigging up his "right hand", when all have seen is slapping seems a little over confident?
There is something unnerving about anyone putting regular and large amounts of cash into any asset when it is falling. Am neither a fan of people dismissing that BTC has dropped $30k, that it is an opportunity to buy the dip. It is not. Once there is a reliable amount of capital, unless you are earning in bitcoin, swing trading over time will accumulate more cryptocurrency without putting more cash in.
Totally pumped right now. Weekend, guest filled, but finding enough time to focus on this zero knowledge trust security based approach. Starting with nostr but will expand. Think it can become a product in its own right despite it becoming an integral part of our automated trading solution.
Of all people. Watched a very accurate Bernie Sanders video explaining the economic disaster Europe is heading down if they use seized Russian assets. The one observation is people need Bitcoin and other decentralised assets more than ever.
Honesty box time. We built our trading software to capture the essence of our swing trading - to capture more coins without necessarily accumulating capital gains. Phase two was the drawing profits from alts. It is a real kick in the teeth when altcoins have never done what they should before we get to set this up. We are estimating running our dedicated trading in the cloud before Xmas. Testing is going well. Bitcoin Maxis, which ostensibly we are due to most alts having fallen off a cliff ๐Ÿ˜. Sure there have been some coins that always buck the trend, but it could be a long road for many. The one thing we will never do is buy the dip with cash any more. Guarantee if we go onto YouTube, influencers will be screaming that "The bottom is in" and "Buy the dip".
In other news, when northerly winds blow during the winter, southern areas feel colder.
Gotta say. Am more and more impressed by nostr the more I try and use the tech side of things. A big difference non developers won't realise is that nostr is far more open. For example, am currently building authentication for my automated trading software. If using any of the magic 7 approaches etc, you must go though all their registration, add your credit card, sign your name in blood. Am strongly considering adding this to my main crypto statto website. Nostr, found a library, found nostrtool.com . I don't need a real nostr account to generate keys. I will add other providers like metamask etc. the benefit will be I will have zero need to worry about who my customer is. If I contrast this with x (twitter) or mastadon, where I would need to attach an email, dox my mobile number, there is no oauth bs. It isn't about anonymity for me, it is more about - as a software provider, allowing customers to use software without their details getting leaked. Users should be able to choose. Why do I need to ask users to take a screenshot of their face or get their fingerprint, worry about storing it securely? Once one understands this mindset, the game changes.
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