91–100 of 140 posts
Earlier quoted context omitted.
This, but applied to crypto bagholders
no one depends on their cryptocurrency like their salary or retirement savings. the total market capitalization of cryptocurrency is basically the total amount of wealth humanity is willing to just throw away
Earlier quoted context omitted.
Human intervention is required more than you might think in the current banking system. Mistakes, fat fingered numbers, wrong accounts etc. None of it is resolved without humans with authority. Unless you can build an authority into the system somehow for dispute resolution, the system will always favour bad actors and fraud. The big push for no-authority, decentralised finance sounds wonderful, but the reality is if…
1. I wonder how much of this still holds in a potential future world where machines are making decisions in most aspects of life already. 2. It doesn't follow that you can't have some recognized authorities within decentralized finance to negotiate fallback cases. For instance, the role of banks could become merely to supply information related to human authentication, not most of market operation.
How do so many coins offer absurd APRs for staking?
Earlier quoted context omitted.
Well, that's the point, 1) you need 100% collateral, 2) the collateral needs to be in the form of digital tokens and 3) it needs to be kept in custody by a third party (the "smart contract"). Yes, you can still do useful things despite these limitations, but at the same time be aware that 99% of the borrowing/lending activity that goes on in the real world is not possible with this technology.
This really sounds most like gambling. And not a financial instruments that is very supportive for economy. Like let's say company loaning money to purchase equipment.
How do so many coins offer absurd APRs for staking?
About BIS: The BIS mission is to support central banks' pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks. > It is difficult to get a man to understand something when his salary depends upon his not understanding it.
About BIS: The BIS mission is to support central banks' pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks. > It is difficult to get a man to understand something when his salary depends upon his not understanding it.
This, but applied to crypto bagholders
Just as science advances one funeral at a time, so too will this whole industry. It will help if we just stop debating whether crypto assets are real to begin with, and accept that this stuff isn't going away.
Earlier quoted context omitted.
This, but applied to crypto bagholders
no one depends on their cryptocurrency like their salary or retirement savings. the total market capitalization of cryptocurrency is basically the total amount of wealth humanity is willing to just throw away