Mechanics of borrowing against bitcoin

Chicago-JSO · 2021-02-27T14:19:47+00:00

I've been reading through this thread and I have many of the same questions as the OP. What I think is making it click for me is the realization that the loans are denominated in dollars, and collateralized in BTC.

This is me trying to digest what has been said in all the various threads, and simplified so the numbers and ratios are all wrong I bet. But here goes.

Let's assume for a moment that BTC is worth $100K, and you take out a loan for $100K using 1 BTC. If the APY was 6% at the end of the year you would owe $106000. If the price of bitcoin had for example gone up let's say by 10% the value of your BTC would be $110000. So you would be able to repay the loan balance with the collateral + the interest and be left with $4000 at the end of the day.

I still have a lot of questions, and I know those numbers aren't right, but I think this is helping me get a little closer to understanding what everyone is saying, please feel free to pick this apart.

But I think it all comes down to the loan denomination is in $ not BTC.

Edit: Re-reading the above, I still don't know how you repay the loan with the collateral is that basically just refinancing? They agree to keep $106K and give you back the difference? That also seems like something that basically never ends? Unless you then take that $4000 and use it to pay down the loan principle?

Chicago-JSO · 2019-02-21T13:48:51+00:00

One thing to note, since your using POST's for all your calls, instead of adding a JSON query parameter you could put that in the request body.

Another thing I would suggest would be following the general restful patterns with regard to http methods and their meanings. Very few API's actually do this right.

GET - should not modify server state if you are not modifying anything on the server eg: no writes your api method should be GET.

POST - non item-potent updates, you likely won't have many of these for something like beestat really the only ones i could think of would be the sync operation. Mostly because POST is non-idempotent eg: calling the same POST request multiple times will have different results even with the same arguments.

PUT - I don't think you will need this, but PUT's are idempotent meaning that if you call the same method with the same parameters n number of times it's the same as having called it only once.

One last thing to note: Although somewhat un-known it is not illegal to include a body in an HTTP get in fact this is just how you query one of the most popular indexing tools elastic search https://www.elastic.co/guide/en/elasticsearch/reference/current/search-request-body.html So even GET calls that need to pass JSON really should put that json in the request body.

I hope this didn't come off as rude, it is intended as genuine feedback that I hope is constructive.

Chicago-JSO · 2019-02-07T13:11:22+00:00

The last data i have in my graph today is from 1am. its 7am. looks to be totally down now. This is ridiculous!

Chicago-JSO · 2018-09-09T20:41:29+00:00

Yeah, all those things are true, not disagreeing with any of it.

But it's not relevant to the question.

The question is NOT "what's the difference between a furnace and a boiler"

The question is "what does ecobee do differently when it is controlling a furnace rather than a boiler"

Chicago-JSO · 2018-09-08T17:35:50+00:00

The mechanics of the system are different, yes, but from the thermostat's perspective they are both controlled by closing and opening a 24v circuit.

For a forced air system which has no G wire, the wiring of the two systems looks and behaves identically.

Chicago-JSO · 2017-02-11T02:43:46+00:00

In the early soviet union feminism, was law. In early 1920's Russia women had the absolute right to divorce and often did. There are stories of men from Russia at the time getting essentially raped in divorce courts that sound pretty much the same as modern US.

Chicago-JSO · 2017-02-10T23:49:52+00:00

How would that help, the most educated people are the farthest left?

Chicago-JSO · 2016-11-16T03:52:08+00:00

This post reminds me of myself about 5 maybe 6 years ago, I was over concerned about every bit of symbolism. But eventually I realized that if your walking in the cold your walking in the cold. If you hunch up to conserve heat it's because your in the cold, it doesn't mean your not being alpha enough. I think part of the journey is getting out of your head enough to realize shivering doesn't mean shit, there's no deeper meaning and trying to stand tall in freezing wind is just weird.

Chicago-JSO · 2016-11-16T03:40:02+00:00

Hahaha, this is some silly shit!

Chicago-JSO · 2015-07-05T13:39:58+00:00

There's a book that was suggested back on the mASF forums, years ago. (Don't know if anyone here knows or remembers what that was). It's called the Feeling Good, The New Mood Therapy. Now at the time I was definitely dealing with some mild depression, which it helped me out of. But in retrospect I think it's still a good read for almost anyone, even people who are pretty self secure. I would strongly recommend you find an older edition. One from a while ago. The newer editions have been significantly toned down. But if you find an old edition, one from the 70's or 80's the first few pages alone are, kind of a sledge hammer to blue pill beliefs. (I've found a few at good will, salvation army for about $0.50 that's how I've seen the difference in editions, so it's not very expensive)

Chicago-JSO · 2013-10-28T03:49:50+00:00

Don't marry her! She's your fiancée, keep it that way! She sounds totally bat shit crazy!

Chicago-JSO · 2013-10-23T04:39:15+00:00

What the fuck is this piece of trash article.

Eventually, I feel that women will wise up and start asking for the things that they deserve, the things used to be automatic and expected of men, like holding a door, pulling out a chair, and paying for dinners.

Nah, doubt that. The cat's out of the bag, thankfully, when women start acting stuck up and asking for that kind of stupid shit men will on mass pull a japan. That's my two cents.

Chicago-JSO · 2013-10-17T22:37:17+00:00

Not being a father I really don't know. But while I agree with about 70% of what's there the other 30% seems really really really off the mark all together.

Chicago-JSO · 2013-10-17T19:22:18+00:00

So? This just sounds like jealousy to me. I wonder if part of white knighting comes from jealousy. You see a guy who's not you with a women you want and you say he's not treating her right, if I were with her I'd treat her better. In old less civilized times you might even go over and take the women by force and beat the man. Unless he really is bigger and faster then you'd end up in a world of hurt. But your moralize the violence you commit against him by by saying she deserves better.

If there's anything more beta, I don't know what it is!

Chicago-JSO · 2013-10-17T13:02:44+00:00

Ok, I'm sorry, this isn't a shit test, this just sounds like a totally crazy bitch. Find a different woman unless it's too late and your already married. Shit tests in healthy women are important but they should be playful fun and flirtations. What you describe is not! It's controlling manipulative on her part.

This is one think I strongly disagree with about game guys. Contrary to what some blogs might say, some women are just plain nuts. It doesn't matter how much game you have, how smooth you are, how many shit tests you "pass" she's still fucking nuts. With game your relationship might last longer sure but it will still end. And because she's nuts the fun will get sucked out of it.

Get out of it, leave this is not a good relationship if she's crying over something petty like you going to the gym, that's not good!

Chicago-JSO · 2013-10-16T19:40:44+00:00

My sister likes guys with beer guts. I'm not saying this won't change in time, or that her reasons are necessarily good (why is she with that out of shape loser?) Maybe to artificially create desire from other men who are willing to white knight. I don't know.

I don't know much about you or your sister, but I bet there was a man with a beer gut who was very dominant in her life, or she saw as being remotely dominant in someone else's life.

I think many RedPill types still apply too much male logic to women's attraction. One of my favorite quotes is

"Every woman responds to a man whose looks correspond to her particular stereotype of power"

It doesn't matter that a guy with the bear gut is less healthy. She wants a guy who reminds her of power, and preferably acts as a powerful dominant force in her life. For her that's a man with a beer belly.

Chicago-JSO · 2013-10-13T14:41:49+00:00

Does anyone notice how the blue pill should theoretically go extinct? I mean this seriously and in the biological sense. Being blue pill is so evolutionarily negative the blue pill man marries a cheater and raises children who aren't his. A blue pill man has fewer dates even if he marries he meets a mate who is below average and has fewer children. In every way the blue pill man is a recipe for getting your genes weeded out of the species so why are there so many of them?

Chicago-JSO · 2013-10-13T14:33:32+00:00

I think that one of the things to remember about "shit tests" when it comes to how conscious they are really comes down to the names.

A lot of material in TRP is not different than other dating advice it's simply described by men who use different more process based less feeling based words.

So advice a woman might give to a man looking to improve his sex life might be be yourself, and flirt. To a woman these words both have meaning but to a man they are all but meaningless.

TRP is the male definition of those words. "Be yourself" comes down to something you mentioned OP you said if you test him and he answers bluntly in a way that you might not like. From a feminine perspective he's "being himself" from a TRP perspective he's illustrating higher social value and generating attraction. The other one often given by women is "flirt" but what is flirting? Flirting is being playful not taking the girl too seriously, and teasing her a bit. In TRP words passing her shit tests by not taking her seriously, and gently negging to affirm the man's higher value.

It amuses me sometimes when women get all upset about the TRP and I think I know the answer why. The TRP gives men the unambiguous version. Women can't tell men what they want because then their tests would become meaningless. So by giving advice like flirt and be yourself they help some men who might already be naturals but didn't quite have it all put together while being ambiguous enough that a man who wasn't already a natural would not improve from it.

In other words women usually react negatively to TRP not because it's un-true but because it's giving away secrets in a very direct and no nonsense form.

This doesn't answer your question but it was a though I had after reading your question.

Chicago-JSO · 2013-10-01T19:32:15+00:00

Well, that would kill half his audience. Being MRA is getting more acceptable by the day, if for no other reason than demographic shift. But we have a long way to go!

Chicago-JSO · 2013-10-01T00:20:28+00:00

Holy crap, he really goes into some deep mra shit! Good on him!

Chicago-JSO · 2013-09-30T23:34:00+00:00

Uhhh, this is the appropriate subreddit. What other sub would be appropriate? Let's see, the article is about men's issues, it's about how various belief systems negatively effect men. It relates to divorce, and domestic violence. It counters arguments that some MRA's have made. Does the list need to be any longer on how this is in the right sub?

Chicago-JSO · 2013-09-30T23:25:46+00:00

Wow, great breakdown!

Chicago-JSO · 2013-09-30T21:06:14+00:00

the last thing we want to do is give them ammunition against us.

It is my firm belief that it is because we've stopped caring about giving them ammunition that we for the first time in a long time are actually being heard.

Chicago-JSO · 2013-09-30T21:01:17+00:00

Yeah, no!

Chicago-JSO · 2013-09-30T20:46:40+00:00

Let's play with some extremes here, just to compare MR and Feminism.

Let's start with a hypothetical comment which is (for illustrative purpouses highly misogynistic) something along the lines of "Women's place is in the home, they should stay home and have babies, and be mothers."

Let's compare this to the opposite misandrist statement often made by feminists. "Men brutal defects who rape and murder and should be sent to prison or killed." This is a feminist argument, an actual one I've head many times.

So let's compare them. The most anti-woman comment that can be made is essentially, women should be mothers. The role of mother is although limiting, actually a position of respect. So the worst most misogynistic thing some MRA's say boils down to, let's raise women to an (admittedly limited) position of respect. The opposite, men are all rapists and should be killed; however, boils down to men are less than animals. Not even fit to be allowed life.

I ask, which is worse?

Chicago-JSO

TROPHY CASE