Quote from: iCEBREAKER on March 19, 2016, 02:51:21 AM

Quote from: explorer on March 19, 2016, 02:32:07 AM

Seems there are an awful lot of offers there grasping for pennies. Hardly worth the effort?
I recall earlier posts suggesting 0.1% as a minimum asking rate, and given the particulars, that seems reasonable. Less than that... To each his own, I guess. Though I don't see how you could get a reasonable rate when there are plenty of offers at next to nothing.

I tried to raise group consciousness above the 'crabs in a bucket' level, but it seems people prefer a race to the bottom mentality, as they insist on underpricing their assets and thus functionally subsidize loans. Roll Eyes

They won't win anything for placing in that race, because when XMR is down or flat there is no demand for loans at any rate, and when it spikes the cheap, nearly free loans are quickly gobbled up.

The winning/optimal strategy is to offer coins starting around 0.1%, ignore the shitlords grasping for pennies, let them act as cannon fodder during loan demand spikes, and sit back as those stuck defending/maintaining short positions are forced to pay reasonable rates (or cover at a loss).

Word! BTW killed it tonight! Cheesy

Made one bad call, had pocket kings and had to call the quad tens (3 tens on the board). Stupid but meh.