Sorry i have very surface level understanding of this...but what's wrongn with that statement? Seems factually congruent to me..pic.twitter.com/2cHkoTS0Iq
I know I'm in the minority on this issue, but every time I see an article like https://mashable.com/article/defi-guide-ethereum-decentralized-finance/ … saying defi gives you the ability to "take out loans with no paperwork" I still cringe...pic.twitter.com/irIW8j3eAe
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The main reason regular loans have paperwork is to verify that you can be counted on to pay the money back. Here the money never leaves your hands, it just turns into a leverage position.
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IDK, seems like most people were quite happy to promote it this way until they realized that consumer lending laws might apply
plenty of loans are (over-)secured
what is your preferred terminology? -
I just call them CDPs and the activity leverage trading. And I have been opposing the use of the word "lending" for quite a while
https://mobile.twitter.com/vitalikbuterin/status/1208391114664894467 … - Još 2 druga odgovora
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I know I'm the minority on this issue, but every time I see Ethereans coming up with a new use case to justify Ethereum's existence I cringe
pic.twitter.com/mkgHxXGxNA
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And we need to consider
#Rehypothecation -
this is something serious. Considering the volatility of collaterals locked, emergency shutdown proposals that protocols like
@MakerDAO have as their last resort & etc.. there must be enough research in this area to protect the sustainability of ecosystem as a whole - Još 2 druga odgovora
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Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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Maybe it sounds more familiar and natural to Mashable's general audience? I mean throwing "CDP" at someone who usually wants to get informed about iPhones and videogames and is barely aware of what cryptocurrencies are is a bit too early haha
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Someone who doesn't understand leveraged positions should not be opening a CDP.
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