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ghosTTy posted:They say the older you get the quicker time seems to pass, but still believing crypto fud from 2011? Wow, it stinks of mothballs in here So no then? Lmao
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Jan 27, 2020 02:03
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Jan 27, 2020 02:17
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ghosTTy posted:Various charts You're pointing to illusions and going "SEE, SEE!"
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Jan 27, 2020 03:45
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Sickening posted:So no then? Lmao
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Jan 27, 2020 04:04
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ghosTTy posted:
I get about 13%
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Jan 27, 2020 05:11
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ghosTTy posted:
If smart-contract lending gets big enough to impact major governments debt operations, you know those governments are going to want a piece of that DeFi action, or will find a way to shut it down or disrupt DeFi operations. nnnotime fucked around with this message at 06:09 on Jan 27, 2020 |
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Jan 27, 2020 06:06
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ghosTTy posted:
OK coiner. Last year, about 11%. Because I'm dumb and pick single stocks. Had I gone with a safer market fund, twice that. 
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Jan 27, 2020 06:51
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has nobody made an actual crypto named buttcoin yet
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Jan 27, 2020 07:01
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OMGVBFLOL posted:has nobody made an actual crypto named buttcoin yet https://twitter.com/0xbutt/status/1185681411832995841
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Jan 27, 2020 07:17
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well i invested in pirateat40, so my annual interest is somewhere in the ballpark of 700000% actually
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Jan 27, 2020 09:28
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lol poo poo ghostty is still around, what's the LD50 on that koolaid anyway
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Jan 27, 2020 09:41
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McSpanky posted:lol poo poo ghostty is still around, what's the LD50 on that koolaid anyway
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Jan 27, 2020 12:47
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do these "smart" contracts enforce payback of loans, or is this just a nice house of cards until someone flakes out
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Jan 27, 2020 13:33
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In all seriousness please explain what we're looking at here. What is this a chart of?
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Jan 27, 2020 14:17
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Number go up is the main and only take away.
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Jan 27, 2020 15:28
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Splicer posted:In all seriousness please explain what we're looking at here. What is this a chart of? Almost a billion dollars of real money locked away in a currency that has limited use
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Jan 27, 2020 16:22
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Fried Watermelon posted:Almost a billion dollars of real money locked away in a currency that has limited use If the former is this actually transferred money from users to the issuer or pinky promise money If actually transferred where is the money now
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Jan 27, 2020 16:36
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Splicer posted:OK but is this actually invested money or one of those last sell price x total tokens deals It looks like a "stable" "coin," but(t) regardless, my guess is 99% wash trading. Without doing any research (because lol), it looks to be a (micro)loan platform? so, I'm guessing that most of the "money" is the people setting up the
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Jan 27, 2020 17:03
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ymgve posted:do these "smart" contracts enforce payback of loans, or is this just a nice house of cards until someone flakes out google defi liquidators -- there is an incentive system built around liquidating defi arrangements so that loan liquidity providers get paid back if principal is at risk may not be answer to your question, but yes there is enforcement there are other risks though, hence the interest.
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Jan 29, 2020 01:03
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Fried Watermelon posted:Almost a billion dollars of real money locked away in a currency that has limited use Not an expert and have not yet used defi, but the way I understand it is that people lock up BTC/ETH or some other digital token as collateral, and they receive an amount of a stablecoin (a coin whose value is pegged to USD) worth less than what they locked up. The amounts of collateral you need to put up and interest rates/etc depend on the platform. Then they use that stablecoin to buy stuff... like goods and services, lambos, or more ETH or BTC (equivalent to using leverage) if you are the degen moonboi pro-trader type. Pay the original loan back and you are good to go, don't and you get liquidated and lose your collateral.
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Jan 29, 2020 01:10
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I assume Ghossttyyy is not the dude who like a year ago said “I’ve made X dollars in profit and I’m gonna pull my money out” and then another goon was like “let us know when you actually get it out” and then the original dude never posted again?
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Jan 29, 2020 01:22
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Stablecoin I can't stop 
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Jan 29, 2020 01:38
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Sickening posted:Stablecoin
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Jan 29, 2020 01:41
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https://www.forbes.com/sites/billybambrough/2020/01/27/update-twitters-jack-dorsey-is-making-bitcoin-as-common-as-cash/ What a surprise that borderline-nazi Jack Dorsey likes bitcoin.
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Jan 29, 2020 02:07
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I thought Mosaic Perception ate a perma? Now he's back posting singleton images and poo poo. Weird.
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Jan 29, 2020 02:53
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dhrusis posted:there are other risks though, hence the interest. is one of the risks "the people running it are not based in the US or other country with good financial enforcement, and have no IRL presence to go after if the whole thing turns into a poof of smoke along with everyone's coins"?
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Jan 29, 2020 05:17
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Klyith posted:the people running it 
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Jan 29, 2020 06:01
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TheBizzness posted:I assume Ghossttyyy is not the dude who like a year ago said “I’ve made X dollars in profit and I’m gonna pull my money out” and then another goon was like “let us know when you actually get it out” and then the original dude never posted again? i mean bitcoin has all the sort of flaws that we talk about here but it's really not hard at all to pull pretty much any amount out of bitcoin through an exchange like coinbase or something at this point I would personally absolutely not invest in bitcoin but the idea that you can't withdraw it is pretty outdated
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Jan 29, 2020 06:18
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Klyith posted:is one of the risks "the people running it are not based in the US or other country with good financial enforcement, and have no IRL presence to go after if the whole thing turns into a poof of smoke along with everyone's coins"? Seems like it's all smart contracts so there are no actual people running it, just code, and we all know code is perfect with no bugs or backdoors. It also seems like the borrowers have to put up collateral worth more than 100% of the value they're borrowing, which I guess is why the system isn't falling apart, but not why anyone would borrow on those terms. I did a skim of the liquidators thing and I wonder - wouldn't it be cheaper for every borrower to be their own liquidator since they get a bonus for being one? ymgve fucked around with this message at 14:22 on Jan 29, 2020 |
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Jan 29, 2020 14:20
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Stefan Prodan posted:i mean bitcoin has all the sort of flaws that we talk about here but it's really not hard at all to pull pretty much any amount out of bitcoin through an exchange like coinbase or something at this point The debate isn't about it being possible, it's about how probable your stuff gets stolen while doing the steps through super sketchy non-existent "exchanges". There's a whole sub reddit full of idiots getting their fake money stolen, and that's the ones willing to admit it lol. edit: also the identity theft kit you have to send a lot of them, again given the kind of people running these things.
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Jan 29, 2020 20:15
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LethalGeek posted:The debate isn't about it being possible, it's about how probable your stuff gets stolen while doing the steps through super sketchy non-existent "exchanges". There's a whole sub reddit full of idiots getting their fake money stolen, and that's the ones willing to admit it lol.
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Jan 29, 2020 20:26
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Gobbeldygook posted:It's not really an issue with legitimate exchanges like Coinbase and Gemini. If you want to not pay taxes on your gains or if your coins have a criminal origin then you have to roll the bones with Krazy Kumar's Koin Kastle and and he might steal your money. Okay. You sell your bitcoin on an "exchange". What fee are you paying the exchange on the sale and what is the feel you pay to get the money out of the system? How much time does it take to get the money into your bank account? And lol at "legitimate". Does this simply mean they haven't performed a major theft yet?
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Jan 29, 2020 20:33
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did some motherfucker just use the phrase "legitimate exchanges" in the loving bitcoin thread
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Jan 29, 2020 20:42
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Sickening posted:Okay. You sell your bitcoin on an "exchange". What fee are you paying the exchange on the sale and what is the feel you pay to get the money out of the system? How much time does it take to get the money into your bank account? Goons really need to update their bitcoin memes. It hasn't been hard to sell bitcoin for a long time as long as you're not also trying to engage in money laundering or tax evasion.
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Jan 29, 2020 21:02
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Gobbeldygook posted:Coinbase's and Gemini's fees are not a secret. Most people report it taking 1-2 days for a withdrawal to hit your bank account. I am not going to look it up on whatever website you linked there. I didn't say it was a secret or imply it was. I asked a a goon who touches the poop what the information is.
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Jan 29, 2020 21:11
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Gobbeldygook posted:It's not really an issue with legitimate exchanges like Coinbase and Gemini. If you want to not pay taxes on your gains or if your coins have a criminal origin then you have to roll the bones with Krazy Kumar's Koin Kastle and and he might steal your money. Oh yes coinbase, such a great reputation they have! https://mashable.com/article/sec-coinbase-complaints-fraud/ and their subreddit at a glance is a total poo poo show. Yep, I sure would trust these people with my money 
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Jan 29, 2020 22:28
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LethalGeek posted:Oh yes coinbase, such a great reputation they have! https://www.coinbase.com/legal/licenses Coinbase also does institutional custody IIRC I've seen worse
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Jan 30, 2020 01:59
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ymgve posted:Seems like it's all smart contracts so there are no actual people running it, just code, and we all know code is perfect with no bugs or backdoors. It also seems like the borrowers have to put up collateral worth more than 100% of the value they're borrowing, which I guess is why the system isn't falling apart, but not why anyone would borrow on those terms. You would always want to pay your self back first -- it is a LOAN after all, right? The fact that you aren't getting liquidated by repaying your own loan is your bonus for not being liquidated. 
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Jan 30, 2020 02:01
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LethalGeek posted:Oh yes coinbase, such a great reputation they have!  Their subreddit is far from a "total poo poo show". There are a handful of people bitching about Coinbase enforcing KYC/AML laws and that's about it.
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Jan 30, 2020 02:49
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Gobbeldygook posted:Most of those complaints are from around the 2017 bubble. Repeat after me: Exchanges aren't regulated Exchanges aren't regulated Exchanges aren't regulated There's absolutely no way I would ever advise someone to transfer money into what is essentially a black box with absolutely no accountability.
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Jan 30, 2020 03:05
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