Currency Wars, USD, YEN, Bitcoin and what it means to you.

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hax0n
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Thu Jul 11, 2019 9:39 pm

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....
https://twitter.com/realDonaldTrump/sta ... 2584072192
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electrachrome wrote:None of us who are responsible for this website really have any idea how it works
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hax0n
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Joined: Thu Feb 16, 2012 6:43 pm
Location: Keepin' Austin Weird

Wed Jul 24, 2019 4:02 pm

ImageTrade Stocks & Crypto w/ Robinhood | Bitcoin Options w/ Deribit | Trade Alts @ Binance | Trade Crypto up to 100x Leverage @ BitMEX
electrachrome wrote:None of us who are responsible for this website really have any idea how it works
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63schoeffling
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Joined: Sun Jan 01, 2012 10:52 am

Sat Jul 27, 2019 10:24 am

Finally opened a CDP to try it out. Keeping my ratio high but will be pretty cool to grab extra ETH for free (minus fees). I was surprised at how simple it was and the UI is pretty slick.
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cktbreaker
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Sun Jul 28, 2019 10:50 am

What is a CDP?
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63schoeffling
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Joined: Sun Jan 01, 2012 10:52 am

Tue Aug 13, 2019 8:05 am

cktbreaker wrote:
Sun Jul 28, 2019 10:50 am
What is a CDP?
"Collateralized Debt Position" You lock your ETH into a smart contract and then can draw out a certain percentage in DAO. Then you can just sell the DAO and get cash or convert it into more ETH if you expect it to rise. Just pay a stability fee of 21% per year and make sure you stay collateralized over 150% or you get liquidated.

So you pay back the DAO when you want and boom, you get your ETH back. Or you convert the DAO into ETH like I did and then just wait until it rises... thus giving you extra ETH since you owe less than what it's worth.

DeFi is fascinating stuff.
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63schoeffling
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Tue Aug 13, 2019 8:15 am

Portfolio Update for anyone that cares:

ETH 50%
BTC 31%
VXV 7.5%
ELA 5.5%
IDXM 1.75%
IDEX 1.65%
DRGN 1%
KCS 0.75%
AGI 0.4%
SALT 0.3%
FXC 0.25%
BXY 0.25%

I plan on staking IDEX shortly and will consider ETH once the final specs are set it stone, but still torn on that because the penalties scare a novice staker like myself off.
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