crypto interest

[BlueMoonRisin’]

Good luck to anyone who has the wherewithal to invest in strange witchcraft money. I can just about handle the shiny new British pound notes that slide about and is difficult to count.

The British pound note ceased being legal tender in 1988 pal, just saying; )

 

[mexico1970]

The British pound note ceased being legal tender in 1988 pal, just saying; )

At least it isn't Euros we are spending, small mercies ehh mate,

 

[BlueMoonRisin’]

At least it isn't Euros we are spending, small mercies ehh mate,

Absolutely. Pounds shillings and pence for us in blighty pal, and long may it continue: )

 

[everythingchangesbutblue]

At least it isn't Euros we are spending, small mercies ehh mate,

Is there a difference? They're both just constructs which keep us enslaved.

 

[Craig]

The best interest rate in crypto at the moment is through Terra. They have their own stable coin called UST that is pegged to the dollar. You can get around 20% APR on that.

 

[mexico1970]

Is there a difference? They're both just constructs which keep us enslaved.

I'm just talking about how easy it is to count, the shininess slippery factor mate ;)

 

[everythingchangesbutblue]

I'm just talking about how easy it is to count, the shininess slippery factor mate ;)

Of that i can agree.

 

[metalblue]

A lot of people dont realise that many different cryptos pay interest, Polkadot pays 12 % which is insane compared with legacy banks.

Interest is correlated to inflation, crypto does not have inflation, no forward curve, just delta 1 value. Further there is zero reason to pay significantly over bank rates unless you are desperate to get flow of money into the product…and I mean really really desperate. 3% is still very attractive to institutional investors (less so your average person), obviously they’ll do a shit load of due diligence that your average person won’t.

Out of interest (forgive the pun) are they paying your returns in Polkadot? And if so are they locking you in on your returns payments and/or capital? How frequently is interest “paid”?

Obviously if “interest” is being paid in the crypto you hold then there is eventually a ceiling where no more “interest” can be paid as these cryptos are finite. I suppose they could create a Polkadot 2 and dilute you into it.

 

[zerox]

some cryptos have inflation, bitcoin has inflation has every 10 minutes more are mined. Some coins are already at their max supply so no inflation.
Some exchanges allow for payment in cash, most in the actual coin.

Still more coins are deflationanary as periodically some are intentionally destroyed by the founders or developers.

Etherium is inflationary but is expected to reverse by December due to changes by the developers, so m ay well rise in actual price

 

[Barcon]

What's wrong with using visa?