> No institutional investor will pay 7% a year for money. The borrowing rate can be much higher than 7% for short positions. There are many different institutional investment strategies that are willing to incur wildly…
A system where borrowers post $250k collateral to borrow $100k, in theory, sounds more sustainable than traditional lending models where a handful of large borrowers defaulting can start a domino effect until a central…
Good point. Some people online like to imply that paying for advice means you can blindly trust it. It's always a good idea to DYOR regardless. Something that you get with communities like HN and Reddit is being able to…
I'm pretty impressed with some of the DeFi projects that are being developed. There have been some growing pains with issues like contract bugs and liquidation events during high volatility, but they seem to be…
There will always be alternative marketplaces hosted by alternative web hosts that are willing to continue doing business with companies that are deemed dangerous to society... ...until banks and merchant processors cut…
DeFi loans and platforms like blockfi let you borrow against your BTC.
Sanctioning political opponents kind of sounds like a dictatorship to me.
China would benefit more by confiscating all hashrate & hoarding all of the BTC for themselves before announcing that BTC is their national currency and driving BTC price to millions per-coin. It's just as farfetched…
Remember UASF? If incentives align amongst users, nodes, merchants and exchanges Bitcoin absolutely will switch to another mining algorithm and now the attacker has to start from 0. If the attacker attempts to keep up…
It's baked into the incentivization structure, if you prefer it worded that way. Investing hundreds of billions of dollars and years of work to place a temporary speed bump in front of Bitcoin's growth doesn't make…
Right. And now this theoretical actor that controls 10x the hashrate of the rest of the world has lost 10x the amount of capital invested compared to the rest of the mining world. It's the equivalent of shooting a…
Right. The protections against this are already baked into the protocol. 51% attacks don't make sense because you're hurting yourself 51% and hurting everyone else 49%. And for this theoretical attack you'd probably…
> No institutional investor will pay 7% a year for money. The borrowing rate can be much higher than 7% for short positions. There are many different institutional investment strategies that are willing to incur wildly…
A system where borrowers post $250k collateral to borrow $100k, in theory, sounds more sustainable than traditional lending models where a handful of large borrowers defaulting can start a domino effect until a central…
Good point. Some people online like to imply that paying for advice means you can blindly trust it. It's always a good idea to DYOR regardless. Something that you get with communities like HN and Reddit is being able to…
I'm pretty impressed with some of the DeFi projects that are being developed. There have been some growing pains with issues like contract bugs and liquidation events during high volatility, but they seem to be…
There will always be alternative marketplaces hosted by alternative web hosts that are willing to continue doing business with companies that are deemed dangerous to society... ...until banks and merchant processors cut…
DeFi loans and platforms like blockfi let you borrow against your BTC.
Sanctioning political opponents kind of sounds like a dictatorship to me.
China would benefit more by confiscating all hashrate & hoarding all of the BTC for themselves before announcing that BTC is their national currency and driving BTC price to millions per-coin. It's just as farfetched…
Remember UASF? If incentives align amongst users, nodes, merchants and exchanges Bitcoin absolutely will switch to another mining algorithm and now the attacker has to start from 0. If the attacker attempts to keep up…
It's baked into the incentivization structure, if you prefer it worded that way. Investing hundreds of billions of dollars and years of work to place a temporary speed bump in front of Bitcoin's growth doesn't make…
Right. And now this theoretical actor that controls 10x the hashrate of the rest of the world has lost 10x the amount of capital invested compared to the rest of the mining world. It's the equivalent of shooting a…
Right. The protections against this are already baked into the protocol. 51% attacks don't make sense because you're hurting yourself 51% and hurting everyone else 49%. And for this theoretical attack you'd probably…