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/biz/ - Business & Finance

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16422385 No.16422385 [Reply] [Original]

When will /biz/ see the light ?

Can you imagine how history would have looked with decentralized financing? No usury, no predatory loans?

>> No.16422410

>>16422385
What the fuck does MKR actually do tho? On chain governance for some shitty stablecoin where you vote doesn't mean a shit anyway?

lmfao this shit will be a footnote

>> No.16422422

every dai created has to be in and out with mkr fees

>> No.16422430
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16422430

>>16422385

DEFI is bullshit hype that ETH fags are hoping pulls in retards since ICOs were 100% scams. There is no decentralization and there is no finance. Take the heart of the DeFi bullshit for instance. MakeDAO is controlled by 1 person. ONE fucking person. And 94% of the tokens are owned by a few hands. Your vote doesn't count. They can change from 4% interest to 20% interest overnight. And the retards who are doing the borrowing in DeFi are fucking degenerate gamblers who are leveraging to bet on crypto.

>> No.16422488
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16422488

>>16422385
Personally, I'm all in.

>> No.16422501

>>16422385
>no usury
>7% "stability" fee
lad, wew

>> No.16422575

>>16422501
stability fee is 5% which is about what staking gives you so its literally a push.
Anyway, you probably miss the real tax / financial planning concept of using dai.

>> No.16422800

>>16422575

Why don’t you enlighten us

>> No.16422835

>>16422800
(a) getting a loan is not a taxable event. (b) if you think btc will be at 20k in a year, but you need cash now....collateralize your btc for cash now and payback loan in year for 50% reduction.