Mauricio Di Bartolomeo

Venezolano 🇻🇪 Co-founder & CSO @hodlwithledn - Bitcoin-backed loans since 2018 | Inflation escapist | Informational purposes only. No advice.

[Mauricio Di Bartolomeo @cryptonomista]

Venezuela needs our help. The most effective way to do that right now is donations.

I’ve linked the organizations that I’ve personally donated to below.

Bitcoin: @PakoVM has set up a bitcoin donation page here https://t.co/4EwcWmhKld

GoFundMe: https://t.co/zGOrRxmBxW

If you are interested in helping or donating, and are looking for guidance, send me a DM.

[Jesse Day @jessebday]

"There was a lot of buying of United States government debt. Nobody wants to hold those reserves anymore ... that part of the portfolio is being replaced with gold." @cryptonomista from @hodlwithLedn on the trend of #gold replacing US Treasuries. Full Interview up TOMORROW.

[Mauricio Di Bartolomeo @cryptonomista]

@wegaavellaneda @juanbiter Gracias hermano! Cualquier cosa que necesites, mis DMs estan abiertos!

[Mauricio Di Bartolomeo @cryptonomista]

@wegaavellaneda @juanbiter Buen feedback! Gracias @wegaavellaneda !

[Juan Rodríguez @juanbiter]

Usando mis #bitcoin para comprar + $BTC 🔥

Deje en colateral 0.1 BTC, me prestaron $7.500 dólares para comprar otro 0.1 BTC... el precio de liquidación son los $47.536 USD

Si el precio de BTC llega a los $54.327 se me notifica que mi LTV (relación: crédito/valor de mi colateral) ha disminuido, por lo cual enviare mas colateral (BTC) y con ello bajare mi precio de liquidación

Tengo 1 año para pagar los intereses, al final de ese tiempo decido si cierro el crédito o lo continuo por otro año... también puedo cerrarlo cuando yo desee y solo asumiré el interés de los días que dure el préstamo

El servicio lo presta @hodlwithLedn , abajo de dejo un video-tutorial

[Jimmy Kostro @JimmyKostro]

Thanks for sending this our way, @hodlwithLedn! It's going up on the wall this week at our Bitcoin building in Northern Thailand. 🧡

[Ledn @hodlwithLedn]

The Week Ahead:

Monday: EU ECOFIN meeting begins

Tuesday: U.S. Inflation data

Wednesday: OPEC Monthly Oil Market Report

Thursday: Bitcoin mining difficulty adjustment [Expected +1.2% to 150.2TH]

Catch the full details in our Bitcoin Economic Calendar for the week of November 9th

[Mauricio Di Bartolomeo @cryptonomista]

@cfcastanon Even though the answer is obvious, the medicine (austerity) is painful. Most countries refuse to take it. Everyone wants to "grow their way out of it".

Which is why we bitcoin.

[Mauricio Di Bartolomeo @cryptonomista]

Every time it happens is just as painful.

But those who experience the pain seek out better money, and never look back.

[do'o kappa @viprabuddhi]

People in Paraguay protest after their money disappears into thin air 🇵🇾

> Ueno Bank, which held money of 60% of the adult population was shut down by the govt for financial trouble

> People lost their life savings and even the govt lost retirement money kept in the bank for elderly

> Govt is now promising to reimburse some money to the poor, but the rich will still lose their entire wealth

Paraguay has a PCI ~$10k, which some bhosads will claim must make it a paradise 😁

[Mauricio Di Bartolomeo @cryptonomista]

@GabeBTCAdvisors @ktreywalsh 100%

Nunca ya sido más fácil optar por un sistema abierto y global.

Pero no hay más ciego que el que no quiere ver.

[Ledn @hodlwithLedn]

21,637 BTC posted as collateral on Ledn. Every one accounted for in our November Open Book Report.

Published in full, every month. Go and check.

https://t.co/j85frFtHOm

[Mauricio Di Bartolomeo @cryptonomista]

@betirement This is great! You should include @hodlwithLedn’s investment-grade rated bond, at 6.748%. Link below.

https://t.co/Br1LWpIyTp

[Simply Bitcoin @SimplyBitcoin]

"The Dollar's not going to die. They're going to reset the zeros, change the person on the bill and load it right back out. That's what they do when the zeros get out of control."

"That's why people say Bitcoin can get to $2 million. 100%, it can get to $2 million." 🚀

- Mauricio Di Bartolomeo

[The Wolf Of All Streets @scottmelker]

The dollar doesn't need to die for Bitcoin to hit $2 million.

Ledn co-founder Mauricio Di Bartolomeo says the dollar will keep losing zeros, the way Venezuela's currency lost 14, and send Bitcoin higher

"In Venezuela, you know how many zeros they wiped off the currency in my lifetime alone? 14."

"So people say, oh, the dollar's going to die. The dollar's not going to die. They're going to reset the zeros, change the person on the bill and load it right back out. That's what they do when the zeros get out of control."

"That's why people say Bitcoin can get to $2 million. 100%, it can get to $2 million, because what'll happen between now and then is that they'll just wipe zeros. In today's dollars, it'll get there."

"By that point, it might be the strong dollar, and it'll only be a thousand strong dollars. But that thousand strong dollars will be a million of today's dollars. That's just, in my experience, how it played out in Venezuela, and every fiat currency has the same dynamics."

[The Wolf Of All Streets @scottmelker]

You can't be the biggest, fastest, and most secure exchange all at once.

Ledn co-founder Mauricio Di Bartolomeo says the Binance hack shows why exchanges shouldn't act as their own sole custodian

"You hit a very important point, which is one of the really structural or strategic reasons why Ledn decided to work with qualified custodians, as opposed to building our own qualified custodian."

"We work with multiple custodians, Fidelity, BitGo, Anchorage, etc., because we believe that allows us to lean on the work of professionals that are regulated, that are doing the right thing, and allows us to diversify."

"In the case of Binance, they were their only custodian. They hold all of their assets in one. A mistake is basically, you see what happened."

"It's really hard to be everything for everybody. You cannot try to be the biggest exchange that allows for the largest withdrawals processed in the fastest time, and also try to be the most secure. Those things all come at odds with each other."

[The Wolf Of All Streets @scottmelker]

The biggest hack in crypto history landed at the worst possible political moment.

Ledn co-founder Mauricio Di Bartolomeo says the Binance hack could give Democrats strong leverage to make the Clarity Act more restrictive

"The setup that we got is we're turning the House and the Senate over to the Democrats, who historically had been not in favor of passing or enshrining some of these things into law."

"You're doing this in the context of the largest hack our industry has ever seen, where the assets that were stolen were literally being laundered through these permissionless protocols, many of which are the ones that you're looking to get exemptions for, or criteria established for, around the Clarity Act."

"The combination of those two things makes it very unlikely that it's going to stay written as is. Some of the exemptions or flexibility that was trying to be built in, I think that's going to get reversed, actually."

"You just got back this authority in the midst of a Binance hack, with evidence that all of this has been flowing through these decentralized protocols. Oh, boy. You've got a lot of political ammunition."

[Ledn @hodlwithLedn]

The Week Ahead:

Tuesday: U.S. Midterm Elections

Wednesday: Inflation data from the EU and Canada, Brazil Central Bank expected to hold rates unchanged

Thursday: Bank of England expected to increase rates by +0.25%, Mexico Central Bank expected to hold rates unchanged

Catch the full details in our Bitcoin Economic Calendar for the week of November 2nd!

[Efrat Fenigson @efenigson]

Bitcoin backed loans used for real life problems and business support. Who would have thought. Listen to @ToddWeyl’s inspirational story, link below.

[Mauricio Di Bartolomeo @cryptonomista]

Bullish!

[TWcattle @ToddWeyl]

@efenigson @BornTo_BeFree With Ledn I was able to come with the extra funds I needed to purchase this bull.

[Don McAllister @donmcallister]

Good move from @hodlwithLedn

From 9 Nov, if a bitcoin-backed loan hits 80% LTV, they won't close it any more. They sell just enough bitcoin to bring it back to 65%, and the loan stays open.

On top of that:

No margin calls, ever

Auto Top-Up from bitcoin you already hold

Repay any time, no early repayment penalty

No liquidation or top-up fee, and a 0.5% spread only on bitcoin actually sold

If you plan to hold for a decade and borrow against it, this is how a lender should work.

My view, not advice.

[Mauricio Di Bartolomeo @cryptonomista]

@donmcallister @hodlwithLedn Thank you, Don! Glad you like the new updates, and there’s a lot more coming soon!