BlockFi & Fractional Reserve ~ Bitcoin Reading Group
In the last couple of weeks there has been an explosion of conversation about BlockFi, a new financial services firm that seeks to create “access to basic financial products in the blockchain ecosystem.” This commotion is largely centered around their new Crypto Interest Account product, which differs from their Crypto Backed Loans product. BlockFi’s initial foray into the Bitcoin market last year offered a valuable consumer service with minimal additional risk over established custodian services. That product is Crypto Backed Loans through which clients can take out fiat currency loans against their Bitcoin, rather than having to sell it. As collateral, the Bitcoin being held was still the sole property of the depositor. The “not your keys, not your Bitcoin” warning applies here, but if you found yourself needing to liquidate your holdings and it’s within your risk appetite to hand your private keys to a custodian, it served well as a calculated risk to free up some capital without triggering a taxable event. https://ift.tt/2V52dvj A collaborative learning community for Bitcoiners. Each reading group conducts weekly discussion over Google Hangouts. In between meetings we talk on Slack. Only participate in the groups that interest you. Zero tolerance for shitcoinery. https://ift.tt/2CMX4Rx If you have learned something valuable, donate a couple sats to Max as a thank you note: 3DqEnU6dW6bZesrVdThrrQjQKgN7dpY5vv https://ift.tt/2pzilXK Support the show by buying bitcoin on https://ift.tt/2Ek785F Listen to WCN Audio Podcasts: https://ift.tt/2hzvsYW Check out the brand new https://ift.tt/1kez5IZ Find out more about Max https://ift.tt/2zLBNZy Follow WCN on Twitter: https://twitter.com/WorldCryptoNet Follow Max on Twitter: https://twitter.com/HillebrandMax Follow Zane on Twitter: https://twitter.com/ZanePocock Contribute to Max’s Bachelor Thesis on Multi Signature in the Lightning Network: https://ift.tt/2Wip2Mq https://www.youtube.com/playlist?list=PLPj3KCksGbSaBmpAmdp_icu2PkywjeUI6 Bitcoin to the Max: https://youtube.com/playlist?list=PLPj3KCksGbSZtGhC7nIr_Mf1oCeP8U1tV Bitcoin Only: https://www.youtube.com/playlist?list=PLPj3KCksGbSYX2cNoOaV-w-9QuZ62LDk_ Read Rothbard ~ Use Bitcoin: https://youtube.com/playlist?list=PLPj3KCksGbSafpOorg0NdeVXGIPNqV_8a Open Source Everything: https://youtube.com/playlist?list=PLPj3KCksGbSb1h33FZbsrtr1feIIwTBHt Hackers Congress Paralelni Polis 2018: https://youtube.com/playlist?list=PLPj3KCksGbSY8xt-x-KoDb6L380odP_qu Baltic Honeybadger 2018: https://youtube.com/playlist?list=PLPj3KCksGbSZsgH48ZDxNdzRXbg_pvMnz Bitcoin-Dev Mailing List: https://www.youtube.com/playlist?list=PLPj3KCksGbSZWpXUZAp2y0ftJsjXPWdtO Nodl Personal Bitcoin Assistant: https://www.youtube.com/playlist?list=PLPj3KCksGbSYvbhhUpIehNqnXFLkz1AD1 Bisq Decentralized Exchange: https://youtube.com/playlist?list=PLPj3KCksGbSZR33X7kJmDMwIEH-wrrpCJ ColdCard Wallet: https://youtube.com/playlist?list=PLPj3KCksGbSZJzC4besvtu8CSroBosrdt GPG + Yubikey: https://www.youtube.com/playlist?list=PLPj3KCksGbSZkVpgAZjAFfFp4D0SHLnFw Purism: https://youtube.com/playlist?list=PLPj3KCksGbSZm6k6GlJRhY6T7wSvoEWbG Bitcoin Op Tech Newsletter: https://youtube.com/playlist?list=PLPj3KCksGbSY9pV6EI5zkHcut5UTCs1cp The Ethics of Money Production: https://www.youtube.com/playlist?list=PLPj3KCksGbSZFi81lduijpsmkhxQv2Gm8 What Has Government Done to Our Money? By Murray Rothbard: https://youtube.com/playlist?list=PLPj3KCksGbSbPVUAhYqILAYQ3uUbh2zOu Mises University: https://youtube.com/playlist?list=PLPj3KCksGbSanfYiAp8JSHxIjBm66yPf5 Hayek Summer Workshop: https://youtube.com/playlist?list=PLPj3KCksGbSbx7WQMTJAG6wLd4tK9Llr9
View on YouTube
No comments:
Post a Comment