Altcoins [Parody Thread] Serious posts forbidden

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Altcoins [Parody Thread] Serious posts forbidden

wide stance: Jan 28, 2011; If there's more than one way to do a job, and one of those ways will result in disaster, then he will do it that way.

ghosTTy posted:

literally got a loan without using a bank and only a 0.5% interest rate O_O

Wait what? Not familiar with crypto lending but there must be heavy strings attached otherwise that's printing money for yourself.

# ¿ Nov 28, 2018 16:32

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# ¿ May 11, 2024 09:34

wide stance: Jan 28, 2011; If there's more than one way to do a job, and one of those ways will result in disaster, then he will do it that way.

ghosTTy posted:

Well, the risk is that if the price drops too far you will be liquidated, and a lot of people who opened CDPs earlier this year got cleaned out.

Ah yeah that sounds about right. In a frictionless world one could just sell it to fiat then put it in an online savings account at 2% interest, netting 1.5%

# ¿ Nov 28, 2018 17:14

wide stance: Jan 28, 2011; If there's more than one way to do a job, and one of those ways will result in disaster, then he will do it that way.

ghosTTy posted:

It launched. Congratulations Vitalik and everyone at the Ethereum foundation who made this historic moment possible.

Dang, locking up $20k in tokens for an indefinite period of time seems very brazen considering the yield of only 5-20%. What made you go solo instead of joining a pool?

# ¿ Dec 3, 2020 16:21

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Altcoins [Parody Thread] Serious posts forbidden