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Re:Basecoin, aka the Basis Protocol by DennisP on Wednesday April 18, 2018 @02:08PM (#16869516)
I know people who do it. They expect a long-term rise in ETH value, but they want to spend some money now without paying capital gains. They use Maker to essentially take a loan out on their ETH collateral. (And yes, they talked with their tax advisors.)
Re:Basecoin, aka the Basis Protocol by hashsalt on Wednesday April 18, 2018 @02:22PM (#16869657)
Thats exactly what I had in mind. A reasonably intelligent trader doesnt want to make his operation more capital intensive however. Has use cases, but limited.