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crypto interest
- Thread starter zerox
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Keith Moncrieff
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How long have you been working for Polkadot then?A lot of people dont realise that many different cryptos pay interest, Polkadot pays 12 % which is insane compared with legacy banks.
Uncle Wally One Ball
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And a lot of people dont realise that crypto isnt money
Do you mean staking?
I found the problem with crypto is you have to invest so much time into it to stay on top of what's going on and how to read the markets/graphs etc. I'll be honest I made a nice chunk from being a complete fuckwit and just 'gambling' my work bonus a few years ago. Took my initial investment out and have sat on BTC/ETH/ADA/DOT ever since. Probably could've retired had I listened to my mates prediction on BNB, he did.
I found the problem with crypto is you have to invest so much time into it to stay on top of what's going on and how to read the markets/graphs etc. I'll be honest I made a nice chunk from being a complete fuckwit and just 'gambling' my work bonus a few years ago. Took my initial investment out and have sat on BTC/ETH/ADA/DOT ever since. Probably could've retired had I listened to my mates prediction on BNB, he did.
mexico1970
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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.
Citizen of Legoland
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Guaranteed interest with government backed security on your investment?A lot of people dont realise that many different cryptos pay interest, Polkadot pays 12 % which is insane compared with legacy banks.
some coins you can stake, but also some exchanges offer straight interest without stakingDo you mean staking?
think china is the only country with a government coin at the moment, although many countries are looking to join them.Guaranteed interest with government backed security on your investment?
denislawsbackheel
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No, just not fucking gullible idiotsblimey, you must be a dinosaur.
BlueMoonRisin’
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The British pound note ceased being legal tender in 1988 pal, just saying; )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.
mexico1970
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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’
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Absolutely. Pounds shillings and pence for us in blighty pal, and long may it continue: )At least it isn't Euros we are spending, small mercies ehh mate,
everythingchangesbutblue
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Is there a difference? They're both just constructs which keep us enslaved.At least it isn't Euros we are spending, small mercies ehh mate,
mexico1970
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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
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Of that i can agree.I'm just talking about how easy it is to count, the shininess slippery factor mate ;)
metalblue
Well-Known Member
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.
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
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
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What's wrong with using visa?