Jesse Powell

@jespow ↗

Deleted No

Hibernated No

Last Checked April 3, 2023

Created

Wed Jan 18 00:33:00 +0000 2023

Likes

Retweets

Source

Twitter Web App

View Raw Data

JSON Data

View on Twitter

Likely Available

Jesse Powell @jespow

@CryptoLira Right, which, unless the exchange has a massive balance sheet to extend these loans itself, it is essentially borrowing funds from other clients to facilitate this credit. Which means, everyone not using the "custody" product will be that much more screwed in an insolvency. — PolitiTweet.org

Posted Jan. 18, 2023

Preceded By

Jesse Powell @jespow

@_DavidSFreeman I get the multisig setups, though it's not truly "cold". I could see that working for very low frequency traders. If you're trading very frequently, the fees to keep settling on-chain from the multisig wallet could be painful. — PolitiTweet.org

Posted Jan. 18, 2023

Followed By

Jesse Powell @jespow

@kristjandekleva If actually "cold" how are they moving coins in a timely manner? Also, can it be worth it to constantly be settling on-chain? Maybe for clients who trade very rarely? Maybe it's not actually cold but multisig? — PolitiTweet.org

Posted Jan. 18, 2023