/biz/ - Business & Finance

>tfw sold mkr at 5 eth and rebought at 2.3 eth
>tfw watching newfags making MKR threads since last week like they found a new gem
>tfw still aware VCs have huge bags to dump
i feel like i should sell, but if i do i just know it'll pump by 200%

>>16176121
Love Maker. Held Dai from Feb 2018 to earlier this year.

Price is pumping cuz of multi-collateral Dai announcement, but will dump after it releases.

>>16176121
you mean bags to pump. This is andreessen horowitz biggest crypto investment.

They bought in at 250. VC's dont exit unless their investment goes 1000x

>>16176179
spoonfeed this fag.
where can you actually buy mkr? (non kyc only). What software wallet do I hold in? Does it need to be staked?

>>16176199
MCD is huge and we're not even at ATH yet. This shit won't stop for a while.

They haven't even voted on wrapped bitcoin as collateral yet.

Where do you even buy this shit

Do you need kyc for a loan

>>16176217
Buy an Ethereum coin and transfer it to the coinbase wallet or metamask. Swap it with Maker on Uniswap.io

Margin trade it on the NUO network if you're feeling ambitious

>>16176235
>Uniswap.io
thank you fren

maker is still severely undervalued as long as link has a higher mcap. maker actually does something at the moment

>>16176247
np uniswap is so god damn convenient. Feels much less sketchy than an exchange.

>>16176223
>do you need kyc for a loan
/biz/ actually doesnt know

>>16176207
are you talking dollarinos? MKR trailed at 0.55 ETH for a while, and ETH ran from $10 to $400 during the first half of 2017. VCs got in during that time, in private rounds and at a preferential rate. i doubt they paid more than $50 per MKR
you're also misinformed on VC exits. some might grumble on a x2 to x3, but x10s-x20s will make any of them incredibly happy. x100s are one in a lifetime events, and x1000 are virtually unheard of
the only reason they don't dump now is because there's simply no liquidity to handle their bags. this is the best protection we have

>>16176252
It says it's still in beta

>>16176251
The DEFI movement has just started.

I've listened to every podcast of Rune Christensen, the founder. He is a fucking genius.

I didn't realize how brilliant the team was until they talked about the Andreessen Horowitz
VC investment. Everyone thinks they found Maker.

Maker chose them because they have the lead prosecutor of Silk Road on their team so they were protected if the government tries to claim Maker is a security. No one is making moves like that.

>>16176217
you don't need to stake it. people who open CDPs need to pay fees in MKR, which is burned. so the game theory is that your MKR progressively increases in value, as max supply decreases

>>16176223
Anon this is decentraliced finance.

>>16176308
I have transferred 10's of thousands with no issues. Kyber is the other way, but I don't experience.

>>16176121
I cant wait for the house of cards to come tumbling tumbling down

>>16176351
Sorry bud this isn't going anywhere.

They survived the eth crash and MKR governance only had to mint 1000 Maker.

>>16176121
Almost sold my stack a few weeks ago, glad I didn't.

>>16176288
They've publicly stated that one firm got in at 250 when Maker was at 500.

I've stated in another area of the thread that they did this because Andressen Horowitz has the lead prosecutor in their firm. That is a huge asset in crypto since that would be the person with the biggest bias against crypto giving a stamp of approval.

I'm not sure what you're talking about. 1000x is a million investment turning into a billion. That's not unheard of by any means. That happened to nearly all of silicon valley.

>>16176409
I'm not going to even touch my stack until wrapped bitcoin or real world tokenized assets gets priced in.

Just like dark money and Silk Road ignited Bitcoin, hyper inflated currencies converting to dai will ignite makerdao.

/biz/ won’t understand this coin until they realize then can invest everything in chainlink, and take out dai.

>>16176606
I think /biz/ will become believers when /pol/ catches on. They hate the federal reserve the most.

>>16176430
>wrapped bitcoin
C O O M

>>16176318
>MKR progressively increases in value, as max supply decreases
holy shit...so is mkr really really limited to 1M? what will happen when supply gets down to .0000001 level? or will they issue more?

Which one of you faggots made the thread on /pol/ about this? You’re about to be permabanned.

>>16176221
Wrapped bitcoin is irrelevant. Real BTC will be coming to MKR in Q1 when REN releases their fully audited mainnet.

>>16176121
Say hello to /pol/

>>16176823
Decentralized finance is more relevant to /pol/ than /biz/ lol

>>16176839
hahahah having a laugh to this thread.

>>>/pol/232460130

>>16176830
i've never heard of ren. can you explain?

>>16176121
Wait wtf? How is mkr ranked only 21???

>>16177638
People don't understand it.

That's literally the only reason.

Trust me, everyone will know about this coin on Nov. 18th

>>16176839
Greetings from /pol/.
This stuff absolutely has geopolitical impacts. Will be lurking and learning.

>>16177704
why? I want to sell my 50k link stack and buy this if you explain to me throughly

>>16177796
Dai is the stablecoin soft pegged to the us dollar.

Maker is the governance token for Dai. It allows you to put an asset up as collateral and receive Dai. Say I have 10 eth. I want to still be heavily invested in eth, but have cash on the side to still buy videogames/whatever you want/or even buy more eth.

You lock up eth in a smart contract and set a liquidity rate. If eth stays above that liquidity rate all you need to do is return dai to get it back. if eth goes below the liquidity rate your position liquidates and the remaining eth that wasn't needed to cover your position is returned to you.

On Nov.18th multi collateral dai is being voted in. This means any asset that can be tokenized has the potential to be put up as collateral. This includes wrapped bitcoin, or any real asset that wants to tokenize. Imagine if a fortune 500 company tokenizes shares? How many people would want to have access to cash from their investments?

>>16177872
that sounds like a good usecase. will sell a portion of my link and get some maker.
how much is a 'makeit' stack?

>>16176121

>>16177967
I would say at least 10 to lambo. Buy 3.5 and margin them on nuo.network

>>16176809

The burn rate is less than 1% per year. It's a trade off, your "dividend" is lower, but guaranteed.

Also they can't issue more, though the founding members probably have 200,000 sitting off on the side to influence things if necessary.

>>16178115
10 makr? ez no need to margin

>>16176430
0xbtx is one you trade proof of work electricity power for 0xtbc

>>16177722
Give me the ability to control a nations money supply and I care not who writes its laws

>>16177872
Seems like an interesting use case. I'm sure it will do well but I can't see anything in the ethereum space outperforming LINK. This is just one case, while LINK provides an insane amount, not only in and of itself, but to other blockchains and projects.

where do i buy and where do i store it?

>>16178477
its an erc20 buy it on uniswap or kyber no KYC no worries welcome 2 defi

>>16178466
>, while LINK provides an insane amount, not only in and of itself, but to other blockchains and projects.
Like maker, for example.

>>16176121
>>>/pol/232460691

>>16178496
Yup. They need decentralized oracles.

>>16176217
i buy it on kucoin, never had to kyc

>>16176369
You havent seen the ETH crash yet lols