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Three Arrows Capital has defaulted on a loan worth more than $670M

cnbc.com

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Re: Three Arrows Capital has defaulted on a loan worth more than $670M

#211

Post by randomhodler84 »

Judgmentality wrote: post #197
pirate787 wrote: post #186

Earlier quoted context omitted.

I doubt your claim about stablecoins like Tether will age very well.

The problem with his argument about stablecoins is he didn't actually mention Tether, he just said whatever isn't failing. So basically after Tether fails the goal posts are moved and now all the stablecoins that haven't failed yet are held up as an example of success. Speaking of Tether, it's lost 25% of its market cap since May. https://coinmarketcap.com/currencies/tether/

Yes, through redemptions. So we know $10s of billions is real — at least!

It’s a stablecoin, so market cap is simply the amount printed.

Re: Three Arrows Capital has defaulted on a loan worth more than $670M

#212

Post by randomhodler84 »

henning wrote: post #179

I'm sure the creditors will happily accept payment in Bitcoin in lieu of cash. it's dIgItAL gOlD except the digital gold can be copied and pasted to make a new kind of digital gold that is identical to the other gold, completely unlike actual physical gold.

21 million Bitcoin. 2.1 Quadrillion Satoshi. For all time.

Unlike gold which can be mined in the trillions from asteroids.

Your argument that Bitcoin is trivially copyable was /an/ argument in 2014. We are in a different place now.

Re: Three Arrows Capital has defaulted on a loan worth more than $670M

#213

Post by throw10920 »

RC_ITR wrote: post #210
throw10920 wrote: post #205

Earlier quoted context omitted.

Quoted post unavailable.

Click on the time stamp to any comment, then click flag. If it breaks the rules it will be taken down. No need to publicly shame anyone (I understand the irony, but this at least feels somewhat couched in information).

There's no "shaming" happening. My remarks were about the subject of the comment, not an attack on the poster (who is anonymous anyway).

I already flagged the comment. The point in adding my own was to help set standards for HN, which both serves the purpose of allowing the poster to realize why their comment doesn't mean HN standards (if your comment gets flagged and dead and it's not clear why, that's not helpful for a good actor who just didn't know the rules), and to help others be aware that these kinds of comments shouldn't be allowed.

Re: Three Arrows Capital has defaulted on a loan worth more than $670M

#214

Post by Judgmentality »

randomhodler84 wrote: post #211
Judgmentality wrote: post #197

Earlier quoted context omitted.

The problem with his argument about stablecoins is he didn't actually mention Tether, he just said whatever isn't failing. So basically after Tether fails the goal posts are moved and now all the stablecoins that haven't failed yet are held up as an example of success. Speaking of Tether, it's lost 25% of its market cap since May. https://coinmarketcap.com/currencies/tether/

Yes, through redemptions. So we know $10s of billions is real — at least! It’s a stablecoin, so market cap is simply the amount printed.

Keep investing in that hopium, cryptobro.

Re: Three Arrows Capital has defaulted on a loan worth more than $670M

#215

Post by coconut08 »

throw10920 wrote: post #213
RC_ITR wrote: post #210

Earlier quoted context omitted.

Click on the time stamp to any comment, then click flag. If it breaks the rules it will be taken down. No need to publicly shame anyone (I understand the irony, but this at least feels somewhat couched in information).

There's no "shaming" happening. My remarks were about the subject of the comment , not an attack on the poster (who is anonymous anyway). I already flagged the comment. The point in adding my own was to help set standards for HN, which both serves the purpose of allowing the poster to realize why their comment doesn't mean HN standards (if your comment gets flagged and dead and it's not clear why, that's not helpful…

the comment seemed relevant enough to me.

Re: Three Arrows Capital has defaulted on a loan worth more than $670M

#216

Post by tablespoon »

randomhodler84 wrote: post #49
arcticbull wrote: post #6

Earlier quoted context omitted.

USDD isn't like Terra. It's not actually an algorithmic stablecoin, it's just 'His Excellency' Justin Sun messing with people. There's no redemption mechanism (which is what lead to the UST collapse) and the creation is limited to a few authorized participants - notably Alameda. Sun can restore the peg pretty much at will for a few million bucks. [edit] To be clear I maintain you should stay as far away as humanly po…

Yeah, don’t short USDD (at least not yet). If Justin using His Excellencies personal wealth to bail out His Excellencies stablecoin sideproject, wait at least until the market cap goes beyond what he can bail out. It’s currently 3x over collateralized, you will lose.

> If Justin using His Excellencies personal wealth to bail out His Excellencies stablecoin sideproject

What's with this "His Excellencies" stuff? Is it an obnoxious nickname, or is this backed by some monarch or gulf sovereign wealth fund or something?

Re: Three Arrows Capital has defaulted on a loan worth more than $670M

#217

Post by tablespoon »

woodruffw wrote: post #189
midislack wrote: post #184

Earlier quoted context omitted.

They are indeed hate groups, it's a hate symbol, thanks for playing!

The SDP was and is a center-left party. You can look their platform up today, and confirm that it is neither historically nor currently hateful. Their existence during the 1920s and 1930s was primarily defined in opposition to both further left and further right political movements. (There's also no one modern group using the Three Arrows. It's a general symbol of the left, like the wildcat or the "A." It's not even…

>> They are indeed hate groups, it's a hate symbol, thanks for playing!

> The SDP was and is a center-left party. You can look their platform up today, and confirm that it is neither historically nor currently hateful.

Words don't have any meaning anymore, so they mean whatever someone wants them to mean, so everything is true.

Re: Three Arrows Capital has defaulted on a loan worth more than $670M

#218

Post by randomhodler84 »

Judgmentality wrote: post #214
randomhodler84 wrote: post #211

Earlier quoted context omitted.

Yes, through redemptions. So we know $10s of billions is real — at least! It’s a stablecoin, so market cap is simply the amount printed.

Keep investing in that hopium, cryptobro.

I prefer “Bitcoiner”, I’m not into ‘crypto’, bro.

Re: Three Arrows Capital has defaulted on a loan worth more than $670M

#219

Post by yieldcrv »

pirate787 wrote: post #186
yieldcrv wrote: post #158

Earlier quoted context omitted.

> I'm excluding individuals getting rich as that can happen due to gambling, etc. The tools that allow that stuff to occur onchain are pretty phenomenal. Bridges, farms, yield aggregators, yield optimizers, AMMs, the rapid evolution of standardized classes in the codebases (really was a mess before OpenZeppelin). It is capital formation and that is valuable for many people, a lot of capital formation improvements in…

I doubt your claim about stablecoins like Tether will age very well.

I wasn't referring to Tether

Re: Three Arrows Capital has defaulted on a loan worth more than $670M

#220

Post by Judgmentality »

randomhodler84 wrote: post #218
Judgmentality wrote: post #214

Earlier quoted context omitted.

Keep investing in that hopium, cryptobro.

I prefer “Bitcoiner”, I’m not into ‘crypto’, bro.

HN needs more parody accounts. Thank you for your service.
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