DeFi

UW_Doog_Bot

https://www.youtube.com/watch?v=btB__oHQ0sU&t=688s

Started to dip my toes into DeFi and crypto liquidity pools these last few weeks. Absolutely bonkers returns out there(1,000% apy+) but obviously volatility at the high end of the return scale. Still, tons of nice returns in liquidity for stable coins which if you are scared of those why are you even reading this thread?

Considering liquidating the rest of my money market funds to swap for stable coin pools(20%+ APY). I'm looking at the potential for decentralized finance and think we are just playing with the tip at this point.

louism2wash

Yeah, the price action in crypto is bonkers but it's also the wild west. I was getting sold on Bitcoin until I found out about Tether. If the biggest, most popular coin can have this gigantic hole in the fundamentals of the market then any of the coins can have this hole. It's still way too crazy for me.

https://www.youtube.com/watch?v=b4masjd4Jos

UW_Doog_Bot

louism2wash said:

Yeah, the price action in crypto is bonkers but it's also the wild west. I was getting sold on Bitcoin until I found out about Tether. If the biggest, most popular coin can have this gigantic hole in the fundamentals of the market then any of the coins can have this hole. It's still way too crazy for me.

https://www.youtube.com/watch?v=b4masjd4Jos

Who owns Tether in place of BTC? People in crypto trusts and pools etc? Maybe I'm just ignorant of a layer of investment but all of my btc and crypto are owned directly and not as derivatives etc. I own a small amount of Tether but nothing that would effect my portfolio even if it tanked.

You can argue that it's endemic and toxic to the whole crypto market but no more so than the fed printing dollars is inflating the price. Tether has a cap of $60B vs. BTC has a cap of $750B so even if a shell game is happening it still isn't one that seems like it would destroy the total value of BTC.

@sonics1993 bump into this thred btw.

BleachedAnusDawg

I thought Tether was an even bigger pyramid scheme than Bitcoin? Pretty sure I have read several articles about lawsuits, too.

UW_Doog_Bot

BleachedAnusDawg said:

I thought Tether was an even bigger pyramid scheme than Bitcoin? Pretty sure I have read several articles about lawsuits, too.

I think Tether is definitely dodgy which is why my portfolio has very little of it (from being in a liquidity pool no less). The argument revolves around if Tether is big enough(and bad enough) to take down the rest of the crypto market.

Crypto is definitely the wild west. If you are an Old and want basic returns and traditional security then what cunt would click on this thred?

If you are young, a first mover, and/or not risk averse then it's an interesting space to be experimenting in.

RaceBannon

The house always wins. Warren on board to protect the establishment. Defi in the cross hairs

http://twitter.com/business/status/1425431824277381122?s=19

UW_Doog_Bot

RaceBannon said:

The house always wins. Warren on board to protect the establishment. Defi in the cross hairs

http://twitter.com/business/status/1425431824277381122?s=19

Lol it's fine if they want 1/1062 of crypto profits.

greenblood

UW_Doog_Bot said:

RaceBannon said:

The house always wins. Warren on board to protect the establishment. Defi in the cross hairs

http://twitter.com/business/status/1425431824277381122?s=19

Lol it's fine if they want 1/1062 of crypto profits.

Believe it or not, I think they are most worried about crypto stable coins

RaceBannon

There was a thread here wondering why crypto guys were saying Warren was a tool of big banking

Just a follow up on that

UW_Doog_Bot

RaceBannon said:

There was a thread here wondering why crypto guys were saying Warren was a tool of big banking

Just a follow up on that

She is. What the average low IQ dem liberal doesn't realize is that the big banks embrace higher regulatory oversight. It creates barriers to competition and helps eliminate the "not too big to fail" banks.

RaceBannon

Rule 1

Regulations help the big guy and crush the little guy. It's science. The big guys pay for the regulations they want

GreenRiverGatorz

RaceBannon said:

Rule 1

Regulations help the big guy and crush the little guy. It's science. The big guys pay for the regulations they want

That's a dumb oversimplification. Especially when repealing regulation is what gave us the TBTFs in the first place.

greenblood

GreenRiverGatorz said:

RaceBannon said:

Rule 1

Regulations help the big guy and crush the little guy. It's science. The big guys pay for the regulations they want

That's a dumb oversimplification. Especially when repealing regulation is what gave us the TBTFs in the first place.

I agree to a point. It isn't created to help the big guys, but it's generally the undesirable ending consequence. Regulations tend to be convoluted, and the big guys have the money and resources to find ways around them or take advantage of them, while the little guys don't.

RaceBannon

GreenRiverGatorz said:

RaceBannon said:

Rule 1

Regulations help the big guy and crush the little guy. It's science. The big guys pay for the regulations they want

That's a dumb oversimplification. Especially when repealing regulation is what gave us the TBTFs in the first place.

No

It isn't

GreenRiverGatorz

greenblood said:

GreenRiverGatorz said:

RaceBannon said:

Rule 1

Regulations help the big guy and crush the little guy. It's science. The big guys pay for the regulations they want

That's a dumb oversimplification. Especially when repealing regulation is what gave us the TBTFs in the first place.

I agree to a point. It isn't created to help the big guys, but it's generally the undesirable ending consequence. Regulations tend to be convoluted, and the big guys have the money and resources to find ways around them or take advantage of them, while the little guys don't.

Sort of. Probably most of the time even. But still an oversimplification. In the Glass Steagall reference I alluded to, no amount of corporate wizardry was ever going to create conglomerates as large as the ones that emerged and held our economy hostage when that barrier was blown up. Smart regulation is hard, but it's not impossible.

greenblood

GreenRiverGatorz said:

greenblood said:

GreenRiverGatorz said:

RaceBannon said:

Rule 1

Regulations help the big guy and crush the little guy. It's science. The big guys pay for the regulations they want

That's a dumb oversimplification. Especially when repealing regulation is what gave us the TBTFs in the first place.

I agree to a point. It isn't created to help the big guys, but it's generally the undesirable ending consequence. Regulations tend to be convoluted, and the big guys have the money and resources to find ways around them or take advantage of them, while the little guys don't.

Sort of. Probably most of the time even. But still an oversimplification. In the Glass Steagall reference I alluded to, no amount of corporate wizardry was ever going to create conglomerates as large as the ones that emerged and held our economy hostage when that barrier was blown up. Smart regulation is hard, but it's not impossible.

Have you seen the roster we currently trot out there in Washington? A bunch of Clay’s and Jimmy’s. We are fucked Gator

doogie

GreenRiverGatorz said:

greenblood said:

GreenRiverGatorz said:

RaceBannon said:

Rule 1

Regulations help the big guy and crush the little guy. It's science. The big guys pay for the regulations they want

That's a dumb oversimplification. Especially when repealing regulation is what gave us the TBTFs in the first place.

I agree to a point. It isn't created to help the big guys, but it's generally the undesirable ending consequence. Regulations tend to be convoluted, and the big guys have the money and resources to find ways around them or take advantage of them, while the little guys don't.

Sort of. Probably most of the time even. But still an oversimplification. In the Glass Steagall reference I alluded to, no amount of corporate wizardry was ever going to create conglomerates as large as the ones that emerged and held our economy hostage when that barrier was blown up. Smart regulation is hard, but it's not impossible.

Who hires the lobbyists to write the regulations in the first place?

GreenRiverGatorz

doogie said:

GreenRiverGatorz said:

greenblood said:

GreenRiverGatorz said:

RaceBannon said:

Rule 1

Regulations help the big guy and crush the little guy. It's science. The big guys pay for the regulations they want

That's a dumb oversimplification. Especially when repealing regulation is what gave us the TBTFs in the first place.

I agree to a point. It isn't created to help the big guys, but it's generally the undesirable ending consequence. Regulations tend to be convoluted, and the big guys have the money and resources to find ways around them or take advantage of them, while the little guys don't.

Sort of. Probably most of the time even. But still an oversimplification. In the Glass Steagall reference I alluded to, no amount of corporate wizardry was ever going to create conglomerates as large as the ones that emerged and held our economy hostage when that barrier was blown up. Smart regulation is hard, but it's not impossible.

Who hires the lobbyists to write the regulations in the first place?

You should look into getting paid for this hard hitting insight. Not quite $10.95 worthy, but damn close.

doogie

Ok pay me.

UW_Doog_Bot

GreenRiverGatorz said:

greenblood said:

GreenRiverGatorz said:

RaceBannon said:

Rule 1

Regulations help the big guy and crush the little guy. It's science. The big guys pay for the regulations they want

That's a dumb oversimplification. Especially when repealing regulation is what gave us the TBTFs in the first place.

I agree to a point. It isn't created to help the big guys, but it's generally the undesirable ending consequence. Regulations tend to be convoluted, and the big guys have the money and resources to find ways around them or take advantage of them, while the little guys don't.

Sort of. Probably most of the time even. But still an oversimplification. In the Glass Steagall reference I alluded to, no amount of corporate wizardry was ever going to create conglomerates as large as the ones that emerged and held our economy hostage when that barrier was blown up. Smart regulation is hard, but it's not impossible.

High barriers to entry(from regulation) and market interventionism is what created the need for Glass Steagall in the first place.