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#370: Deezy and Tao Wallet with Danny Diekroeger

TFTC: A Bitcoin Podcast

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Cryptocurrency Currencies - The Basics of Currency Arbitrage

So loop, a sink means that funds are always, lightning funds are always flowing into loop on net. So basically what you do is if you pushed across to your Kraken channel and then you open a channel with a loop. Then you can go open your channel with loop and you can charge 500 ppm or 600 ppm for it. And so eventually your whole thing is going to get depleted. Then loop is going to close your channel because loop needs to harvest those coins to service their swap service. But then you can just kind of do the whole thing again. This is the custodial arbitrage that people are doing on nice hash and Kraken and wallet of Satoshi and Bismnex. Basically any

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