Ethereum Isn't Fun Anymore

Re:Ethereum Isn't Fun Anymore by karpierz on Monday February 22, 2021 @12:06PM (#26226947)

Do you not pay the loan back in Bitcoin? How would you exercise the 300% gain while also paying the loan back?

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Re:Ethereum Isn't Fun Anymore by rawtxapp on Monday February 22, 2021 @12:15PM (#26227085)

So if Bitcoin grows 300%, that means your collateral is now worth 300% more.

You can either withdraw a portion of it back to your normal wallet or you can just borrow more against the same collateral. So it's like a credit line that's always appreciating in value.

If one day, you need the whole collateral for whatever reason, then you'd pay the loan to unlock it fully and withdraw it.

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Re:Ethereum Isn't Fun Anymore by MrMan on Tuesday February 23, 2021 @08:33AM (#26237015)

Antigravity for finance. The ages long problem of how to integrate debt and money into society is solved.

[ Parent | on HN ]