Damus

Recent Notes

Laser · 15w
"Future goal would be a more open e-reader with physical book files." Sir read this and then GFY.
Debifi · 16w
Exchanging stables for fiat doesn't create a sell pressure on BTC. There are few reasons why borrowers choose to borrow with Debifi: 1) Have liquidity without losing the upside potential of bitcoin...
Mike Maruska profile picture
Thank you for the reply.

I understand the benefits. I understand not selling your btc. On paper it sounds great, and I really like the debifi model.

But getting shitcoins in return are less liquid than btc or cash. For example, if I want to use a loan to invest equipment in my business, I don't know of anyone in the real world wanting usdt, eth, or liquid(which is a pretty ironic name). At that point btc is actually more desirable or workable.

And as far as I can tell, if you want to take on shitcoins you have to go through another exchange. Which reintroduces kyc and potentially a tax liability. Am I wrong? I'm sincerely asking. If I didn't care, I'd go with strike or coinbase and have to turn over my keys to questionable actors with questionable motives and give up privacy.

I also realize that we are still early and these are growing pains. But this seems like a fear problem to solve.
Debifi · 16w
Your concern is valid. In most cases to swap out of stablecoins you will have to give up custody and provide your personal information. Good thing is that we have fiat offers available.
Debifi · 16w
Exchanging stables for fiat doesn't create a sell pressure on BTC. There are few reasons why borrowers choose to borrow with Debifi: 1) Have liquidity without losing the upside potential of bitcoin price. 2) Depending on the jurisdiction some people don't need to pay capital gain tax when taking ...
Mike Maruska profile picture
I made these toy guns out of hardwood. I make them simple on purpose, without moving parts because they won't break and it allows kids to be creative.

The other day my son turned his into a pump action by taping on a Pez dispenser. Imagine all the after-market possibilities!




👍1
Micael · 24w
I am not admiring him, or celebrating him. I am just shearing what I believe is a valuable quote from him saying the truth. Tyrants can speak the truth also.
Micael · 24w
What do you mean? It’s just a quote of him saying the truth
Mike Maruska profile picture
Many people think the Christian faith is a blind faith. As if we simply believe without evidence and logic that God is real. But God has revealed himself to us in a number of ways so that we can know that there is a creator, sustainer, and redeemer of the world. God revealed himself through creation, through his Son Jesus Christ, and through scripture. We do have evidence to evaluate. We can truly know him. We can truly know his plan of salvation. Don't trust, verify.



1❤️1
GJM · 25w
Every reason you just listed is trust based on blind faith. Nothing you listed can be empirically or independently verified.
Laser · 25w
Wyclif 🤝 Hus 🤝 Luther
No Good Kid · 25w
GM, Mike ☕️ Happy Sunday ✨
Gary Sensenig · 25w
GM Mike. Blessings to you and may your faith grow stronger every day!