Tell HN: We have a responsibility to speak out against blockchain technologies

Re:Tell HN: We have a responsibility to speak out against bl... by kyle-rb on Friday January 28, 2022 @05:35PM (#30121403)

Who is offering automated loans? "Regardless of credentials or connections" sounds like I don't need any credit history or anything, how do they trust me with this free money?

And I already have unbridled access to my own computer, which seems to have more compute power than the EVM.

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Re:Tell HN: We have a responsibility to speak out against bl... by exdsq on Saturday January 29, 2022 @12:04AM (#30123952)

Essentially, at the moment, over-collateralized loans. Deposit $100 and borrow $90, if you pay back $95 by tomorrow you get your original $100 back. There's actually some really cool and complex financial instruments you can build by combining these and the nature of atomic transactions on the blockchain (you can take a loan and pay it back in the same transaction while using the money in other txs to get a profit, it's really weird HFT).

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Re:Tell HN: We have a responsibility to speak out against bl... by unemphysbro on Friday January 28, 2022 @11:30PM (#30123800)

https://docs.aave.com/developers/v/2.0/guides/flash-loans

have fun :) play around on the testnets first.

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