To be very clear, fully collateralised loans are not really lending per se. They are repurchase agreements. I am not even sure what use such 'loans' have when you need to have $2 to take a loan of $1. They certainly solve some issues that Cryptocurrencies introduce for themselves but outside of that world they are useless
> To be very clear, fully collateralised loans are not really lending per se. They are repurchase agreements.
I agree with your assessment. It's an overcollateralized repo agreement. In the the "centralized finance" world, the purpose of the repo market is to provide investors with leverage at low cost. It's similar getting a mortgage from your bank to invest in a real estate property - you give the bank a down payment (let's say 20% down), and the bank lends you the remaining 80% to buy the property. In this way, your initial investment (20% down payment) is leveraged 4 times. Despite your leverage, the mortgage on the interest rate stays low because the bank has a lien on the real estate property so they can recover their loan value by selling the property if you don't pay back the loan.
> I am not even sure what use such 'loans' have when you need to have $2 to take a loan of $1. They certainly solve some issues that Cryptocurrencies introduce for themselves but outside of that world they are useless
But what issues in cryptocurrencies does it even solve? What is the business model of these DeFi businesses? They advertise to crypto investors that they can earn impossibly high rates of "interest and rewards," and there are plenty of crypto HODLs who would be happy to lock up their crypto in a DeFi to earn interest, but where is the demand side? Who needs to borrow $1 worth of crypto while posting $2 of crypto as collateral and paying impossibly high interest? Who needs to borrow cryptocurrency at all? The only purpose I can see of borrowing crypto would be to short sell it, but how many people are crazy enough to do that? I can't help but feel like DeFi is some kind of scam and a reincarnation of the ICO bubble.
Well said. These POW/ energy waste arguments are getting really old. They act as if there aren't existing solutions. Take Algorand for an example, which is carbon negative and (Pure) Proof of Stake...
Maybe, maybe not. If you're worried about the climate change impact, you can start now by charging additional taxes on all energy consumption.
Why should cryptocurrency be singled out? Just because some people dislike it? We haven't done much about climate change and the big pollutants in decades, but as soon as cryptocurrencies come up, it's suddenly treated as an existential threat to human kind - I don't buy it.
If we are talking about climate change, time is quickly running out. So talking about wishful thinking while reality is actually other way around does not seems to be helpful.
>Do you seriously believe that the Tiananmen Square protests in 1989 were backed by the CIA?
Western intelligence generally rush to protect their assets, or at least they used to...
These regime change attempts have been ongoing for about a century, opium/heroin dealers/criminals and their western partners/suppliers didn't like getting shutdown by the Chinese government, primarily Mao.
When people ask, "Why is China a Surveillance State?", this is why...
Was the primary driver of the Tiananmen Square protest caused by the CIA? Every credible source I’ve found indicates that the CIA was trying to figure out what was going on, but not initiating the protest.
>Was the primary driver of the Tiananmen Square protest caused by the CIA?
You are saying that if a CIA regime change pattern is detected and the CIA doesn't publicly disclose its covert/overt operations (even as it does expected post-op cleanup), it probably didn't happen? Quite interesting to maintain a permanent state of denial when history says the opposite is more appropriate...
After looking at timeline of CIA destabilization operations (using NGOs, rebel groups, terrorists, etc...) around the world and the constant funding of protests and extremism in China/Tibet/HK... Anyone that can do elementary level pattern recognition can see this for what it is...
This regime change operation extends to the repeated HK protests (many participants are paid to attend) and Xinjiang extremism (participants funded, armed, and trained by the CIA and their partners in Turkey/Syria/Iraq).
There were multiple countries citizens rising up against socialism in 1989. How many of them were orchestrated by the CIA? From what I have read, only Poland had a direct CIA link.
Another pattern could be that socialist governments repress their citizens by denying freedom
of press, freedom of speech and freedom of assembly. These citizens hope such freedoms are returned through democratic reform.
I suspect it’s more than just the evil CIA which is advocating for democracy.
The evidence for uighur genocide by the CCP far outstrips what you have here. Uighur participation in CIA action doesn't automatically invalidate the fact that there is a genocide playing out, the same as implied CIA activity in the tiananmen protests doesn't invalidate the civilian's actions or complaints, and it certainly doesn't justify the PLA turning its weapons on its own citizens, any more than the united States' decision to drone strike an American citizen for terrorist group ties can be justified.
This comment introduced me to TiddlyWiki, and I am quite happy with it so far. Does anyone have a recommendation for a markdown plug-in? The markdown plug-in from their website is no longer available. Thanks!
I haven't looked very far, but if there isn't a decent plugin for it yet, it likely isn't incredibly hard to make.
Here [0] is a link to a view I created that links to a markdown plugin (which should still work) as well as to information about TW's plugin architecture. If you're interested in learning even more about TW's internal architecture, check out their developer documentation here [1].
I have never heard of The Imposter's Handbook. Thank you, this is exactly what I need. Do you have other resource recommendations for self taught programmers?
