rawtxapp

50 ms·

541.
by rawtxapp 6y ago
While they may be unborn, their parents and grand-parents aren't. As long as there's a carbon tax on the energy consumption (for everybody, not a single industry) and energy comes from increasingly green sources, I don't see
542.
by rawtxapp 6y ago
> people who have counter-narrative to the Bitcoin propaganda aren't financially incentivized to be negative about it They are incentivized to be negative about it, because whether you like it or not, not buying into it has real opp
543.
by rawtxapp 6y ago
> The lightning network? Laughable. Why is it laughable? The whole world doesn't need every little transaction to be permanently recorded on the public blockchain.
544.
by rawtxapp 6y ago
> We've seen billion dollar IPOs on hype alone. Can you give some examples? I would expect a company of this magnitude to have done a proper research before paying out half a billion dollars for an acquisition that's not based
545.
by rawtxapp 6y ago
Are you implying that a company that processes hundreds of billions of dollars in transaction volume is thinking of acquiring this company for the hype alone?
546.
by rawtxapp 6y ago
curve!=curv, unfortunate naming.
547.
by rawtxapp 6y ago
Because you're not their target market, they are going after institutional investors who need crypto wallets.
548.
by rawtxapp 6y ago
Carbon tax everything, why limit yourself to cryptocurrencies?
549.
by rawtxapp 6y ago
Keep in mind that a lot of lightning end-users would have private channels that are truly peer-to-peer, so number of users is likely much higher than any public stats you could gather.
550.
by rawtxapp 6y ago
There's a whole subreddit of them at /r/buttcoin.
551.
by rawtxapp 6y ago
It's not, it's fully functional and there are many users. Only people who haven't actually tried using it says things like "it's incredibly buggy".
552.
by rawtxapp 6y ago
> you have to keep closing channels and re-opening new ones, each of which incurs a new transaction fee just like if you did it yourself. Channel factories will significantly reduce the need to go to the blockchain to open and close chan
553.
by rawtxapp 6y ago
You just need a phone, you can buy it p2p (ex: localbitcoins), or get paid for a product/service in crypto as well.
554.
by rawtxapp 6y ago
Usually, when someone makes a wrong prediction, it doesn't have huge consequences. But if you knew about Bitcoin early on and didn't research or understand it and wrote it off, your opportunity costs are pretty significant. It doe
555.
by rawtxapp 6y ago
We have precedence on what happens if nodes/miners try to attempt a hard fork, it's called "Bitcoin cash". You need majority to agree on the rules, nodes/miners/users/exchanges all need to agree on what&
556.
by rawtxapp 6y ago
Nothing stops you from changing the 21M cap in the code, but you need majority of the network nodes to agree to the new rules (aka a hard fork), the miners can't willy nilly change the rules of the network. What you would have at that
557.
by rawtxapp 6y ago
I'm not sure how you can pull stocks from an exchange once you're done trading. Personally, I deposit coins into an exchange, do my trade and withdraw it as soon as possible. Not just because I think there's a risk they mig
558.
by rawtxapp 6y ago
It's an exchange, as soon as you're done trading, you can and should withdraw your coins to your personal wallet.
559.
by rawtxapp 6y ago
In the short term it could do anything, in the long term you'd expect it to constantly appreciate. It's a scarce/deflationary/limited supply asset which is compared against an endless money printer.
560.
by rawtxapp 6y ago
Yes, you could leverage, you could hedge yourself by buying stocks. Or you could just spend the money on whatever else you want.
561.
by rawtxapp 6y ago
They might borrow to hold on to their asset's appreciation.
562.
by rawtxapp 6y ago
This is more applicable to liquidity providers or things like AAVE and compound where your crypto is actually loaned out. With maker, your crypto doesn't move anywhere and isn't loaned out to anyone. For what it's worth, if y
563.
by rawtxapp 6y ago
Same here, it took me a while to understand why anyone would get an over-collaterized loan until it just clicked, then I was like this is the future, it doesn't make any sense to sell the most valuable and appreciating asset ever, but
564.
by rawtxapp 6y ago
It's over-collaterized, so you put more crypto than the loan value. You might say "why the hell would I do that?", in order of importance: 1) you hold on to your asset's appreciation, 2) access the liquidity, 3) avoid ca
565.
by rawtxapp 6y ago
So if Bitcoin grows 300%, that means your collateral is now worth 300% more. You can either withdraw a portion of it back to your normal wallet or you can just borrow more against the same collateral. So it's like a credit line that&#x
566.
by rawtxapp 6y ago
Borrowing, lending, decentralized exchanges, innovations like flash loans that are just not possible in current financial system. The sky is the limit in terms of innovations possible, it's literally some code running on the global com
567.
by rawtxapp 6y ago
Or you could just treat that collateral as a credit line that's always growing, if it grows faster than your spending, just withdraw a portion of your collateral. Just look at Youtube videos on makerdao, there's some good ones out
568.
by rawtxapp 6y ago
So the stability fee you pay is 4.50%. You're still holding on to your assets appreciation, so if Bitcoin continues to appreciate at 300% per year, the 4.50% is a drop in the bucket and you didn't have to pay a capital gains tax
569.
by rawtxapp 6y ago
The code is immutable and open source, so you can inspect exactly what it does.
570.
by rawtxapp 6y ago
So yes, you'd pay capital gains tax on the DAI that you've borrowed when you transfer it back to USD, but DAI is a stablecoin that's pegged to 1$ and the volumes are pretty high on many exchanges. Once you include your exch

More ›