rawtxapp

56 ms·

571.
by rawtxapp 6y ago
It's over-collaterized, so if you fall below the 150% minimum collateral ratio, maker smart contract could liquidate the asset to cover the loan and then return the remaining 50%-liquidation fees back to you. As long as you're con
572.
by rawtxapp 6y ago
> The mafia probably doesn't need your name for a loan, too. What? They'll know your name, address and your whole family history usually. It's just a smart contract execution on the global computer that is Ethereum, how is
573.
by rawtxapp 6y ago
They also avoid capital gains tax which would be pretty significant. They can use the money to hedge their bets against crypto by buying traditional markets if they wanted. For house mortgages, there are companies that are "tokenizing&
574.
by rawtxapp 6y ago
It gives freedom to people, how is that bad? The whole point is that it's a permissionless, borderless technology that anyone can participate in. There's really nothing holding innovation back. Flash loans are an example of that i
575.
by rawtxapp 6y ago
But you can access liquidity without selling your asset which is exactly what they want.
576.
by rawtxapp 6y ago
I mean I don't care why they can't, right? These financial systems are so old, corrupt and broken, you have to pretty much start from scratch in my opinion.
577.
by rawtxapp 6y ago
I know someone who got a 7 figure loan backed by cryptocurrency collateral in a matter of minutes using makerdao. The best part? They didn't even had to provide their name. This is the future folks, I highly recommend that you actually
578.
by rawtxapp 6y ago
If only energy was that easy to transport.
579.
by rawtxapp 6y ago
> it is difficult to differentiate a Pets.com from an Amazon Arguably a small minority were able to differentiate and it paid off very well for them.
580.
by rawtxapp 6y ago
I'm guessing a lot of people also tried to get in on the dot com bubble, does it mean we write off the internet as a speculative bubble that's not providing any value?
581.
by rawtxapp 6y ago
How do you objectively measure the actual positive impact of this tech exactly?
582.
by rawtxapp 6y ago
There would be an economy where only investments that return better than Bitcoin would make sense, for example: you wouldn't have the Vancouver vacant property problem, that money would go to Bitcoin instead and leave the home for some
583.
by rawtxapp 6y ago
I mean, the FED is debasing the currency, that's just a fact, it doesn't matter who is shouting about it, you don't need to be poor in 3rd world country. I guess it comes down to: if you understand the markets well and can
584.
by rawtxapp 6y ago
If you want to invest your money in assets, you should be able to do that. If you want to hold on to your money for whatever reason, you should be able to do that too, right? Many people in the world don't have access to banking servic
585.
by rawtxapp 6y ago
Except central banks don't live in a vacuum. If they print tons of money to buy it, that would push the price even higher, incentivizing even more miners. And I don't think central banks would want to destroy it. In many ways, man
586.
by rawtxapp 6y ago
As much as people like to complain about Bitcoin's energy usage, it makes a 51% attack prohibitively expensive and if you were to invest all that money, you'd want to make money with it rather than cause a short term disruption to
587.
by rawtxapp 6y ago
The Bitcoin Genesis block references The Times article on 03/Jan/2009, "Chancellor on brink of second bailout for banks". It's p2p digital cash, but at the same time, you can't ignore the reason why it's c
588.
by rawtxapp 6y ago
Bitcoin is like the digital gold whereas Ethereum is like the oil. It enables all the smart contracts, particularly DeFi. Since these smart contracts need gas fees paid in Ethereum, you'd want to have Ethereum prices be stable and idea
589.
by rawtxapp 6y ago
What happens if you lose your job and can't find another one in time to make your mortgage payments? Leverage introduces risks, higher leverage means more risk.
590.
by rawtxapp 6y ago
For what it's worth makerdao also created DAI backed by crypto collateral (and stablecoins) and right now the outstanding debt from maker alone is like 2B+ and growing pretty rapidly (daistats.com). I know for a fact that many traders
591.
by rawtxapp 6y ago
Just because something else sucks more shouldn't normalize this. NYT (and all other subscription based businesses) should make it easy to unsubscribe online without requiring customer service.
592.
by rawtxapp 6y ago
Why would it be fraud? I paid for the service when I used it, if the business makes it impossible to cancel a subscription or makes you go through endless hoops to waste your time, that's on them. After I stop paying for it, they'
593.
by rawtxapp 6y ago
I love it, I use it for the gyms, my internet provider, the laundry machine provider, any place that I don't trust their data storage, etc.
594.
by rawtxapp 6y ago
The solution to that is, you never give them your real name, address, number, email, etc. It's never verified and Privacy doesn't seem to check your name matches.
595.
by rawtxapp 6y ago
By your logic any investment is a ponzi scheme. You buy a stock with the hope that you'll sell it at a higher price later on, etc.
596.
by rawtxapp 6y ago
They make up an increasingly small % of the crypto exchange volumes. And it's not clear that it's a 100% fraud, they probably have some backing even if it's not at 100%. I'd say research Bitcoin itself instead of looking
597.
by rawtxapp 6y ago
The argument some people have is that tether is printing fake money to prop up crypto market. I think it might have some effects like that if it was truly all fake money. I hope that NY investigation will shed more light on it.
598.
by rawtxapp 6y ago
I've never been able to cancel any subscription with ease, so nowadays I always use Privacy to get temporary credit cards. When I want the subscription cancelled, I try the provider's website, if it doesn't work, I just cance
599.
by rawtxapp 6y ago
bybt.com should give you an aggregate across different exchanges where you can short. It's very risky, even if BTC was to fail eventually, you can never predict what it'll do in the short term.
600.
by rawtxapp 6y ago
Considering how heavily manipulated these crypto markets are, I'd say there's no "extremely safe bet".

More ›