@Mike Maruska
Reformed Christian, Husband, Dad, church planter, Psalm singer, homesteader, sawyer, pipe enjoyer. Christ is Lord.
Relays (1)
- wss://relay.primal.net – read & write
Recent Notes
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...
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.
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.
Non-custodial BTC lending isn’t just about accessing liquidity.
Every bitcoin locked in escrow =
• not sold
• not rehypothecated
• not sitting on an exchange
Non-custodial lending is a suppl...
Sounds great, but most of the offers deal in crypto that you still have to sell on an exchange. Why would I want L-BTC, tether or worse? Am I missing something?
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!
The other day my son turned his into a pump action by taping on a Pez dispenser. Imagine all the after-market possibilities!
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.
GM, it's the Lord's day. Go to church and worship the King.
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