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Chicxulub Cryptocurrency Consortium
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Jun 17, 2022 22:06
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| # ? Jun 5, 2024 22:12 |
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Here at Tulip Futures we guarantee your investment will always increase in value
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Jun 17, 2022 22:09
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https://twitter.com/MikeBurgersburg/status/1537862987784015872 if this guy is right these DeFi companies are looping collateral, using $1 to buy $4 of bitcoin from Lender A, that $4 to buy $16 from B and so on. buying on margin with margin on top of margin. and when they get behind they roll it over into a new loan like buying a new car by trading in your car whose loan is underwater and packing the two loans together into one. it works until someone finally needs to be paid back in real money and then BOOM
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Jun 17, 2022 22:20
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they are absolutely doing that and everything is falling apart.
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Jun 17, 2022 22:24
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more like hole in the ground coin
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Jun 17, 2022 22:28
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we at Grover&Haus Associates are glad that you've made us the load bearing pillar of your financial future
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Jun 17, 2022 22:41
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we let all those sweet, sweet returns flow straight over to you here at Boston Molasses LLC
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Jun 17, 2022 22:43
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here at lowtax investments we think you need financial regulations like you need another hole in your head
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Jun 17, 2022 22:51
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jonestown investments llc
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Jun 17, 2022 23:00
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PotatoJudge posted:if this guy is right these DeFi companies are looping collateral, using $1 to buy $4 of bitcoin from Lender A, that $4 to buy $16 from B and so on. buying on margin with margin on top of margin. and when they get behind they roll it over into a new loan like buying a new car by trading in your car whose loan is underwater and packing the two loans together into one. it works until someone finally needs to be paid back in real money and then BOOM so it's an ouroboros of scams, basically
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Jun 17, 2022 23:04
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instead of a single point of failure like in a centralised system we made it so in this decentralised system if any one part gets compromised they all come crashing down
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Jun 17, 2022 23:06
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Neito posted:So a lot of the exchanges were backed up by Terra, which was an "Algorthmic stablecoin" intended to be pegged to the dollar. The problem with this is that there were no actual real dollars in the system; Gerard explains it pretty well on his site: they DID have a circuit breaker to stop too many luna being minted in a day, which is what caused the first depeg -- the price was dropping too fast for the rate-limited burn-UST-for-luna mechanism to bring it back up to $1 they patched it to remove that breaker and allow unlimited conversion in hopes of bringing UST back up to the peg at which point the hyperinflation deathspiral happened and luna dropped from its $60 high to $0.0000001
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Jun 17, 2022 23:07
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a venn diagram with a circle of people who know nothing about finance and a circle of people who know nothing about programming with the union being luna
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Jun 17, 2022 23:15
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At Apollo One Capital we're ready to launch to the moon.
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Jun 17, 2022 23:18
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Mr. Nice! posted:they are absolutely doing that and everything is falling apart. yeah i mean of course they are the only thing stopping you from doing that with regular lenders is that at some point it involves lying to someone in a way that’s fairly discoverable before the fact and really easily provable after the fact good luck with that in defi
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Jun 17, 2022 23:19
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PotatoJudge posted:https://twitter.com/MikeBurgersburg/status/1537862987784015872 this is actually dumber than I expected and that is saying a lot
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Jun 17, 2022 23:22
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i think you guys are making those names up
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Jun 17, 2022 23:23
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i was going to make a joke about ozymandias capital, but that's a real thing
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Jun 17, 2022 23:23
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Fukushima Yamikin Financegschmidl posted:Here at Fukushima Finance, your financial future is radiant. gently caress youuuuuuu
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Jun 17, 2022 23:34
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Hopefully behavior like this stops now that the campaign donation checks are gonna start bouncing. https://twitter.com/Dennis_Porter_/status/1537552882291167234
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Jun 17, 2022 23:48
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LanceHunter posted:Hopefully behavior like this stops now that the campaign donation checks are gonna start bouncing. the gently caress is this poo poo
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Jun 17, 2022 23:49
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senators are a lot cheaper to buy than matt damon
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Jun 18, 2022 00:02
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Big Bill Hell's Crypto: If you find a better deal, shove it up your ugly rear end! https://www.youtube.com/watch?v=4sZuN0xXWLc
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Jun 18, 2022 00:20
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RPATDO_LAMD posted:senators are a lot cheaper to buy than matt damon drat maybe i should buy a few
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Jun 18, 2022 00:22
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infernal machines posted:i was going to make a joke about ozymandias capital, but that's a real thing hindenburg financial is real too
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Jun 18, 2022 01:12
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lol. naturally
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Jun 18, 2022 01:18
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At Piper Alpha Financial, put your foot on the gas for explosive returns.
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Jun 18, 2022 01:28
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https://twitter.com/Nash076/status/1537792339875438594?s=20&t=l1DQnZz4yzatBLqmyyuyxg
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Jun 18, 2022 02:04
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ya don't say
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Jun 18, 2022 02:06
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Closing the stablecoin after the money has bolted
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Jun 18, 2022 02:16
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that thing where they say hey i got a buck here but instead of using the buck i'm going to use this thing instead but don't worry it's exactly the same as a buck...never in human history has anybody anywhere ever done that wasn't trying to get away with something
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Jun 18, 2022 02:20
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PiCroft posted:Closing the stablecoin after the money has bolted
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Jun 18, 2022 02:21
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cleaning the augean stablecoin
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Jun 18, 2022 02:24
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Beeftweeter posted:hindenburg financial is real too
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Jun 18, 2022 02:50
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Jose Valasquez posted:here at lowtax investments we think you need financial regulations like you need another hole in your head oh lol
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Jun 18, 2022 02:50
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Oil! posted:At Piper Alpha Financial, put your foot on the gas for explosive returns. username/post windscale investments, guaranteed white hot returns.
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Jun 18, 2022 02:51
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SubG posted:that thing where they say hey i got a buck here but instead of using the buck i'm going to use this thing instead but don't worry it's exactly the same as a buck...never in human history has anybody anywhere ever done that wasn't trying to get away with something lol, basically this offering a 1:1 peg with a guaranteed 15% APY is not something that's possible with any degree of stability
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Jun 18, 2022 02:51
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PEPCOiN
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Jun 18, 2022 03:11
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PiCroft posted:Closing the stablecoin after the money has bolted
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Jun 18, 2022 03:13
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the buck stops here (pretend I’m holding up something)
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Jun 18, 2022 03:19
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