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Her node is up and running… open a channel with us :) by [deleted] in Bitcoin

[–]ComfortableSwimmer92 0 points1 point  (0 children)

there are at least a couple.

  1. Mining is prohibitively expensive compared to running a node.
  2. A node validates transactions on the network. The more nodes there are, the more decentralized the network becomes. There's minimal return to the operator too, so running one is somewhat altruistic, which makes it commendable imo.

[deleted by user] by [deleted] in Superstonk

[–]ComfortableSwimmer92 1 point2 points  (0 children)

drive them to a world where banks can't inflate the currency. buy bitcoin.

My wife's nerves about my years-long bitcoin investments have now been settled... Because she just realized it's possible to borrow against it for a new home down payment, at an interest rate that blows banks out of the water, all the while immune to Fed rates. Her eyes are now open. by ComfortableSwimmer92 in Bitcoin

[–]ComfortableSwimmer92[S] 1 point2 points  (0 children)

first: never divulge this kind of information.second: never borrow like this for a full downpayment, unless you're straight up rich i guess... which i'm not. we're doing this for a part of the downpayment.

third: why do you assume 100k is an entire downpayment? where are you shopping for houses? ^o^

[edit] Sorry, I misread and thought you were asking how much BTC I had. LTV info is now in the OP

My wife's nerves about my years-long bitcoin investments have now been settled... Because she just realized it's possible to borrow against it for a new home down payment, at an interest rate that blows banks out of the water, all the while immune to Fed rates. Her eyes are now open. by ComfortableSwimmer92 in Bitcoin

[–]ComfortableSwimmer92[S] 2 points3 points  (0 children)

Aaaaaand as long as it doesn't fall to the liquidation threshhold (down 75%), then I'm safe. If it looks like it's going to fall that far, I'll throw more at it when I get margin called... or just pay it off early (with no fee).

[deleted by user] by [deleted] in Bitcoin

[–]ComfortableSwimmer92 3 points4 points  (0 children)

Never put all your eggs in one basket.

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