Viewing profile — gh55

More recently Vitalik has said Ethereum PoS is at least a couple of years away, likely due to new attack vectors that require further research https://arxiv.org/abs/2110.10086 , on…

Property prices aren't so crazy - a friend of mine pays €400 a month in a nice part of Costa da Caparica for a 2 bed, another bought a great place for under €200k in Cacilhas. For …

You're quite right, there are risks with everything in life. I believe a hardware wallet to be far more secure than online banking. I think you'll find this interesting: https://tr…

Bitcoin is imaginary in the same way an email is an imaginary letter, or this is an imaginary conversation (we are not talking face to face, people of last century would struggle t…

Thought you might find this insightful. I agree with you on, not your keys not your crypto - this ETF is not the best option for many people, but for some it is perhaps their only …

I don't assume intent but this comment is disinformation - stable coins are some of the riskiest major assets in the space, since their backing is questionable at best[1], and even…

Yes, DOGE can be borrowed and then sold, to be repurchased later (at a possibly lower price); short positions can be opened. Plenty of DOGE is available for shorting. GPUs currentl…

For me, knowing that a contract will be followed regardless of the wishes of any party involved is very valuable. Knowing that an asset will remain scarce, its issuance predictable…

As per terms of settlement with NYAG, Tether will be disclosing details of their reserves on a regular basis from now on to NYAG, let's see how fake USDT is - NYAG seem satisfied f…

Just so you know, Dogecoin's blockchain is trivial to attack; its ledger can be altered at such low cost it is unlikely several such attacks aren't already underway. Upon publushin…

Tether, the 6th largest cryptocurrency has a market cap of ~$160B, seems pretty "popular" to me. USDC TUSD and BUSD are further popular examples. Cryptocurrencies are not MLMs, you…

I'm surprised no-one has mentioned rotor sails yet https://en.wikipedia.org/wiki/Rotor_ship?wprov=sfla1

USDT, USDC and DAI each have their own set of counterparty risks. USDT is regulated somewhere sunny, USDC somewhere that could be hostile if given enough power, and DAI is backed b…

Incidentally, it is my hope that once laws change the collateral can be any type of asset, not only digital assets. The collateral could also be some sort of tokenized reputation i…

I think you're conflating two things. Collectively owned, as in how large companies are owned by their shareholders. Decentralized, as in instead of a company, its a piece of softw…

Regarding the auto financing. Traditional lenders will typically have no ability to repossess secured assets themselves, they will send out a colourful letter and if that doesn't w…

All actors having better access to these tools and others, more open markets. Someone with knowledge of new tools can build services aimed at various market participants, without n…

If loan repayment is not made, or the collateral falls in value sufficiently that the loan becomes undercollateralized, the collateral will be sold to cover the outstanding debt. T…

DAI is mostly minted from ETH, at a rate of $150 collateral to $100 DAI. https://daistats.com/#/ . The $200m DAI minted from WBTC represents 0.02% of Bitcoin's market cap.

The total being used as collateral can be seen here https://defipulse.com/defi-lending , and https://nexostatistics.com/loans/ . A small proportion of market cap, and these loans h…

At the moment DeFi loans are fully collateralized, with the loan to value ratio affecting the interest rate you pay. If your collateral drops in value you have to recollateralize t…

I suppose, with software eating the world, I want to believe we will collectively own and operate that software, rather than a particular company, that it will be open source, and …

Thanks, your understanding is better than mine. Its the national governments who would have to pay the incredible amounts of interest, and may fund that by selling the gold they ow…

Your correct to say the debt would need to be legally recognised, before it could be sold on to a legally registered debt collector. Aave for example has a UK Electronic Money Inst…