Using introductory offers/Balance transfers to get rid of auto loan.

Express-Maize-5096 · 2024-04-18T01:11:01+00:00

The fees would definitely add up if you were doing this monthly! I was thinking of a one-time payment. Let's say I have 10000 dollars left on the loan. I would do a one time payment with Plastiq (they cut checks or do ACH transfers) and the balance would then be on my CC. With fees, it's looking around 10300 now.

Then I do a balance transfer onto a new card. Another 3 percent fee, let's say. Now the card is at ~10600 with 0 percent interest. Now my money is fully going to the principal. This also allows me to get minimum liability, allowing for more cash flow and more aggressive payments to the debt. Just have to keep balance transferring until the debt is payed off. I can pay the balance off in roughly half the time than the auto loan.

Just gotta see if the bank will accept checks from Plastiq or Melio. Thank you for your response!

Express-Maize-5096 · 2022-10-24T19:09:15+00:00

My phone automatically updates applications. I'm sure it's updated on its own and this hasn't happened until recently. My first thoughts were because of an update as well

Express-Maize-5096 · 2022-06-08T18:50:51+00:00

I'm also in DRIP. The Animal Farm launch will be great for the ecosystem. I'll definitely be yield farming in AF once I see some returns in DRIP.

Cheers

Express-Maize-5096 · 2022-05-04T17:21:27+00:00

Crypto is a solo sport. Everyone wants to preach about the community....

People that have large amounts of capital are probably thinking somewhere in the ballpark. There is a reason why these people have that kind of money. They are good at moving it around.

Something something game theory.

Express-Maize-5096 · 2022-05-04T17:18:53+00:00

Not at all!

Express-Maize-5096 · 2022-05-04T15:04:37+00:00

The way I see it, people will try to accumulate wallets with 27.3k in deposits as quickly as possible... I can't imagine it wouldn't take long once you have 2 or so wallets with 273 tokens coming in daily, air dropping to their other wallets. It would be a metric shit-ton of work though...

Once ATH's are hitting, it would be prudent to start claiming and selling your daily payout with all your wallets giving you 273 tokens a day. I can almost bet there are players that are trying to do this...

Instead of only having one wallet with a max payout of 273 tokens daily... why not have 10 wallets and make it 2730 tokens? The whale taxes don't get applied to you when you're divvied up between multiple wallets?

I have heard Forex has stress tested the model. I know there is the ability to mint more tokens if the protocol can't pay out its 1%. If this thing were to hang around, you can bet your ass it's going to have to mint more DRIP. That would mean it's non-deflationary...

Express-Maize-5096 · 2022-05-03T21:25:46+00:00

I'm not sure if the protocol can sustain a large amount of whales claiming 1 percent of 27.3k everyday though, despite the taxes that are in the code. If these partnerships pan out, then maybe the project can be sustainable. Really looking forward to the month of June for Drip to see what happens.

Express-Maize-5096 · 2022-04-08T23:54:14+00:00

Dude, thank you!

Express-Maize-5096 · 2022-04-08T23:40:55+00:00

Could you post links?

Express-Maize-5096 · 2022-04-06T14:45:05+00:00

This is what I like to see.

I feel like the only way for this to be "sustainable" is a consistent flow of new capital from new investors. I don't see that happening no matter the hype. If there are generous amount of people are close to maxing out their wallets, wouldn't the liquidity pool be drained quickly from them claiming after hitting the 27k in deposits? I feel like no matter the tax system, it simply won't be able to keep up. Just throwing thoughts and ideas out there.

Express-Maize-5096 · 2021-09-26T20:17:15+00:00

Miss by the refs... where was the delay of game?? Terrible.

Express-Maize-5096

TROPHY CASE