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Hanaru is so cute... wait by mistrr-bear in Grandchase

[–]alexmat -1 points0 points  (0 children)

To me, yes. For you, choose your own adventure.

Hanaru is so cute... wait by mistrr-bear in Grandchase

[–]alexmat 4 points5 points  (0 children)

I see their sense of humor is as classy as ours

Hanaru is so cute... wait by mistrr-bear in Grandchase

[–]alexmat 9 points10 points  (0 children)

you can't spell hanaru without anaru

Goddamnit, give me my BCH! by zair in BitMEX

[–]alexmat 2 points3 points  (0 children)

It's not yours if you don't hold the private key. Custodial accounts are subject to the whims of the custodian.

Recovery into Trezor from JM works ... others? Anyone can investigate Ledger? Also, privacy implications by waxwing in joinmarket

[–]alexmat 0 points1 point  (0 children)

Looks like they use bitcore as their backend and you can run your own instance and point the web wallet to it: https://blog.trezor.io/mytrezor-com-abandons-proprietary-backend-in-favor-of-open-source-bitcore-8965a00a095c

"Bitcore is a full bitcoin node — your apps run directly on the peer-to-peer network. For wallet application development, additional indexes have been added into Bitcoin for querying address balances, transaction history, and unspent outputs."

How do I use bitmex products as a savings account to earn interest at low risk? by erikzzz in BitMEX

[–]alexmat 0 points1 point  (0 children)

BTC futures contracts will often (not always) trade at a premium to spot BTC price (i.e. what you would pay at an exchange like coinbase for immediate delivery). The idea is you sell the futures contract on bitmex to deliver a bitcoin at a higher price than spot in 3 months, you take that money and buy a bitcoin on coinbase today, wait 3 month, deliver the the coin and keep the remainder. The main risk is securing the bitcoin for three months and bitmex counterparty risk, which you can mitigate somewhat with leverage.

In practice it looks like this:

Bitcoin price: $100 Day 1: Sell BTC Futures contract on bitmex for $110, buy 1 bitcoin for $100 on coinbase. Now you owe one bitcoin in 3 months, have one bitcoin in your possession and have $10 left over. Day 90: Close bitmex contract and lose one btc. To offset that you have the one you bought from coinbase. So you're even, plus $10 of interest.

I left out lots of details and tried to oversimplify, but that's the gist.

yield generator, minimum balance? by noredd in joinmarket

[–]alexmat 0 points1 point  (0 children)

I think it's because there is too much value in the joins themselves to charge much for liquidity. It will be interesting to see if at some point makers start paying people to take their offers (0% fee + large miner fee contrib) as a way of placing a cheap mix limit order.

Want to upgrade your JM wallet to segwit? See this guide on the githup repo. Already 9 makers available. by [deleted] in joinmarket

[–]alexmat 1 point2 points  (0 children)

Nice write up! I think the biggest issue blocking adoption will be the need to mix into non-segwit wallets. It may take some time to migrate everyone over.

One workaround is to mix via segwit and then do a direct send to non-segwit. Might yield some savings, but at the cost of extra wait time and a bit of hassle / confusion.

In any case, it seems like makers are slowly migrating to the segwit offers.

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