Some exchanges will let you withdraw to a lightning wallet so you never have to interact with the base blockchain layer for smaller day-to-day transactions.
I would imagine most exchanges will have similar lightning withdrawal options in the future, if there's demand for it.
A system where borrowers post $250k collateral to borrow $100k, in theory, sounds more sustainable than traditional lending models where a handful of large borrowers defaulting can start a domino effect until a central bank steps in and punishes taxpayers to bail out lenders that took on too much risk.
It's interesting to watch the progression of DeFi projects as they're being developed. Being an early adopter in experimental financial technologies has its own set of risks, but at least these risks don't affect non-participants.
I'm pretty impressed with some of the DeFi projects that are being developed. There have been some growing pains with issues like contract bugs and liquidation events during high volatility, but they seem to be improving.
MakerDAO has a pretty well thought-out economic model that lends out stablecoins to borrowers that provide crypto collateral: https://youtu.be/wW1IEZeWY4k
Seems like a good way to get access to spendable funds to buy something like a car without losing crypto exposure and subjecting yourself to capital gains taxes.
It doesn't work as a way of leveraging your money with a small "down payment" like you'd do with a traditional auto loan or home mortgage.
There will always be alternative marketplaces hosted by alternative web hosts that are willing to continue doing business with companies that are deemed dangerous to society...
...until banks and merchant processors cut off financial access to these "dangerous" entities and their service providers.
Wikileaks was a victim of this year's ago, and served as a great example of why cryptocurrencies are important.
Quite frankly I do not think people like Majorie Greene or Steve King being stripped of committee assignments sounds at all like a dictatorship. If anything I think that sentiment is really insulting to opposition leaders in actual dictatorships, who are thrown in jail if not executed. I think the casualness in which that word is bandied about speaks volumes about how people in the West take their free democracies for granted and lack understanding of how most of the rest of the world operates.
China would benefit more by confiscating all hashrate & hoarding all of the BTC for themselves before announcing that BTC is their national currency and driving BTC price to millions per-coin.
It's just as farfetched and unlikely, but anti-Bitcoiners just keep theorizing about a hostile China takeover crashing BTC price as if it's feasible, without considering the inverse.
Because China has already announced DCEP as their national crypto. So the chance of them making btc their currency is basically none while China has already cracked down on btc in various ways in the past. They could in theory use btc as some kind of reserve or exchange currency, but not sure why they would need to when everyone has to bend to their will to trade with them.
Right. And now this theoretical actor that controls 10x the hashrate of the rest of the world has lost 10x the amount of capital invested compared to the rest of the mining world.
It's the equivalent of shooting a bullet through your chest to shoot your enemy in the finger.
I would imagine most exchanges will have similar lightning withdrawal options in the future, if there's demand for it.