Recent submissions

Comment · 1 year ago
What's with the "is dead at"? I'm not a native speaker but it seems a bit disrespectful.
Comment · 3 years ago
I work in this area and to me, the tech is still super interesting. In particular, things like zero knowledge proof and related scaling/privacy solutions are at the forefront of cryptography in my opinion.
Comment · 3 years ago
Comment · 3 years ago
Comment · 3 years ago
I had learned a saying recently "cars for the poor, watches for the rich". The idea is that cars have higher utilities so even though cars are higher price in general, watchers show higher status signal.

As it turns out, this was an old Chinese saying a couple decades ago, where "cars" really meant bicycles.

Comment · 4 years ago
Correct. Here I'm assuming USDC is "stable".

If USDC drops (or if USDT rises, for that matter), you might get liquidated.

Comment · 4 years ago
Depends on market conditions and the lender you use. Currently around 4% on AAVE. If demand rises this can go up obviously.

Note you do get interest on your deposit so that helps offset it a bit.

Comment · 4 years ago
Not financial advice. Numbers are just examples.

0: Buy 10000 USDC with $10000

1: Deposit 10000 USDC on AAVE

2: Borrow 5000 USDT

3: Sell 5000 USDT for 5000 USDC

4: Wait for USDT to drop to $0.5

5: Buy 5000 USDT with 2500 USDC

6: Repay 5000 USDT and get back 10000 USDC

7: Profit: $2500

Comment · 4 years ago
If crypto didn't exist, these people would either go to wallstreet, or play poker.
Comment · 4 years ago
I admit I did panic and tried to withdraw my funds yesterday. They just processed it today. A bit delayed but still processing.
Comment · 4 years ago
I don't see a problem. Of course banks want KYC, but that doesn't stop you from selling the crypto on e.g. Coinbase (also KYC'ed) and sending to your bank.
Comment · 4 years ago
Pardon my ignorance: what does IRS have to do with money laundering?
Comment · 5 years ago
Comment · 5 years ago

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