/biz/ - Business & Finance

even sergey is aware of the link marines, RIP

>>19935614
One look at the website and it was clear to me DMG is a scam. Lol. Hope other 'partners' speak up and clarify on this.

>>19935614
why does the journalism world trying to take down DMM so bad with all these hit pieces? Fuck CoinTelegrapgh for quoting a biz anon saying he'd sue for fat fingering a wring buy order before presale started (GARBAGE JOURNALISM, I WILL NEVER TAKE SERIOUSLY AGAIN) and The Defiant is just looking for clicks from marines. I'm even more bullish.

>>19935660
yeah I just sold my 50k stack

You idiots have been spoon fed enough.

https://www.youtube.com/watch?v=iYbWxAm7NuU&feature=emb_title

Fucking retards this is a weak lvl fud since none will admit there is partnership. Even if exchange guaranteed to list a coin he is not allowed to say it before it really happens cause the team can do a massive buy of the coin before it’s listed and to make a buck. You are a retard and I’m even more bullish

This is bad.

>>19935614
i dont get why they integrated chainlink when they are taking money out of the smart contract to buy assets

>>19935780
Always makes me bullish. FUDDERS noobs will say there is no partnership with Chainlink also (THEY INTERVIEWED DMM TEAM)

>>19935827
Bad journalism, yes. Obviously an exchange is going to say this. Camilla Russo if you're reading this, wen only fans?

All the retards that tell you to dismiss this willful misrepresentation of allowing coinbase WALLET integrations as proof of a partnership should be hung. They’re all the same chainlink retards from chainlink unofficial. Let that sink in. Retarded chainlink bag holders are now the mods of the dmm server and telling you to ignore a company intentionally misrepresenting a partnership

>>19935753
>i'm even more bullish
cope, Ranjeesh.

>>19935862
Bro Don’t you understand: DMM is leveraging CL 4chan to grab our bags. Finova was needed to pay their investors back so they dumped it on the blockchain to keep the circus going.

>>19935614
>https://thedefiant.substack.com/p/coinbase-not-aware-of-partnership
>DMM CTO Zachary Rynes said in a Twitter message the partnership in part refers to the company’s integration with Coinbase Wallet’s WalletLink. But Coinbase Wallet is a separate product from Coinbase and WalletLink SDK is open to anyone who wants to integrate with it; it doesn’t constitute a partnership.
HAHAAHAHAHAHAHAHAHAAHAHA oh no no no AHAHAHAHAHAHAHA

>>19935896
You're probably the retard anon they quoted in Cointelegraph. Next time don't be such an idiot and check before you click buttons kek

It doesn't take a lot to become a "coinbase partner"; it doesn't mean you're going to get listed
Why would DMM lie about something that is so easy to achieve?

>>19935933
Nah that was medfag who put the reciprocal of the price he wanted and ended up paying like 2.77 per dmg and lost like 10k

I was the first anon to call DMG a scam. Go look at the first ever DMG post on here. The only fudder on that post me was. I posted like 12 times.

here was the red flags: 1. no details of investors. the only investor we know of was draper and he invests in lots of new projects just to dump.

2. ico wasnt listed on ico drops

3. paid pajeets were shilling it before the ico even started.

4. i knew the coinbase partnership wasnt really a partnership.

5. 100m tokens are unlocked.. right now.

6. the devs previously lied about the supply

.. then some other anon discovered that the loans were fake

>>19935862
>when only fans
yes plz! i second this

>>19935614
Yeah. They don't have a partnership with chainlink either.

>>19935953
Just look at their absolute destruction on the MakerDAO forum if you want evidence of it being a horribly mismanaged scam. They got absolutely destroyed and instead of responding to easy questions they dropped the mkr attempt alltogether

>>19935953
yeah it's a Tim Draper branded cash grab all along. I hope people just sell everything of this scam coin

>>19936011
Lmao investors throw money at tons of projects and one or two will make it back. Just because it has big backing doesn’t mean it’s a good investment.

>>19935953
>2. ico wasnt listed on ico drops

>>19936045
yes very true, now I'm not even FUDing like last week now it's literally over

>>19936086
thanks i bought more.

CAMILLA RUSSO, WEN ONLY FANS?

>>19935953
> 2. ico wasnt listed on ico drops
stopped reading

>>19935953
don't forget this : dmg is on twitter talking about the liquidity they are providing on exchange, they want people to buy in. Chainlink has never done that, they couldn't care less if plebs buy in or not.

>>19936303
Different target customers. Chainlink isn't meant for retail. Retail will never boost the price of Chainlink, only real adoption and network usage. DMM is meant for retail investors to make a yield on ETH/USDC

pajeets are working overtime to get in under a dollar

>>19935953
Even if all their partnership is legit, think about it, they intend to loan eth against cars as collateral, one of the riskiest type of loan!

One of the partners is also the CEO of finova a company with a pool of such loans on car. Given the current economic situation you must be crazy to hand over your eth against toxic loans with high default risk. On top of that just check their portfolio, most of the collaterals are overvalued.

This is actually genius, dumping toxic assets about to default on the retail spread across the world with no mean to sue them.

holy shit she's cute, I'm gonna sell all my DMG

>>19936400
Noce autism mate, what’s the risk? The loan was taken by the value of the car at the time plus interest, they have their ways to take the money don’t worry about that
>>19936141
Have a read faggot

>>19935780
bro i just saw this whole video it made me feel so comfee

>>19936552
Lmao risk free 6% yield, what can go wrong?

>>19936608
Gregory is a legend, CEO of Mastercard

>>19936608
just watched too.
Holy shit, these guys are doing things right. its clear they are taking baby steps with the intent of growing into a massive market -- and with the intent of creating the DAO to avoid competition, this means DMM will be the ONLY project backing up loans on the blockchain.

holy fucking shit. we are in sooo early on this

>>19937569
>just watched too.
>Holy shit, these guys are doing things right. its clear they are taking baby steps with the intent of growing into a massive market -- and with the intent of creating the DAO to avoid competition, this means DMM will be the ONLY project backing up loans on the blockchain.
>holy fucking shit. we are in sooo early on this
how many rupee's are they paying you?

>>19935881
>>19936400
These are great points.
>>19936552
The risk? Lol how about 1.3T in loans with rising late payments and defaults.

People honestly believe they get 6% APY “guaranteed” LMFAO. No you’re getting 6% by risking your entire investment backed by a house of synthetic CDO cards.

>>19937874
dude, watch the video yourself. I was just summarizing what they said and getting very excited about it, no need to start slinging curry

>FUDjeet overdrive
$2 pump soon?

>>19937918
>>19938013
Based

just pulled out
completely
fuck this

>>19938013
Lmao good pictures.

On a side note, I am wondering how the executive team met the devs team which are just young grads.. the CEO is based in Dubai..I am pretty sure the devs don't really understand the underlying financial business they are dealing with. Remember they didn't pioneer car loans. Their only novelty is to plug the crypto craze on it.

Another sketchy point to raise is that their first decision post-ico is to dump a bunch of coins on uniswap for "liquidity". It's more like another scheme to collect trading fees from the hype. Coupled with the facts that the whole dev team is also working on an exchange called dolomite that will soon list dmg and you understand that they have created a whole circus to 1. Dump toxic asset and 2. Get transactions fees. Clown world.

>>19938013
If folks default on their loans ownership is transferred to DMM who can then just sell them to get the money back. The loan rates are all above 6% -- this 6% is a conservative yield to account for friction when inevitably loans are defaulted.

>>19938088
probably, the amount of eyes on this solid of a project we are definitely going to see a pump somewhat soon to 2$

wtf it's dumping back to ICO levels. I can't believe I thought buying this scam at 40 cents was a good idea.

>>19938215
You never had any curry larper

>>19938215
I wish I could say the same about your girlfriend last night but my pullout game has never been strong

>>19938225
>Their only novelty is to plug the crypto craze on it.
>Their only novelty is to introduce a $200 billion market to borrowers

>>19938266
Its 91 c
Ico price 0,37
4 days
You didnt buy a single DGM

>>19938225
The fact that they did this and prevented shit-tier exchanges like MXC from completely manipulating the market, actually makes me think that this thing will moon.

people on this board literally liquidated their link, comp, etc into a token whose value is backed by midrange cars from 2007 thinking it would be the next big thing

>>19938375
you think thats all this is going to be, they are planning on expanding to other assets like homes, planes, you name it.
new asset class to be announced soon

>>19938242
That’s exactly what banks do and when markets downturn and asset prices fall they often don’t get what the asset was collateralized for.

well it 's so obvious that an exchange cant say that there is a partnership when it is not even listed

>>19938417
Do you think they gonna onboard cmbs soon or all the shitiest assets existing? The thing you overlook is the current state of the economy. You totally mispriced systemic risk and it implies to chase for buyer of your old cars or whatever it is when you have storage costs and everything.

>>19938437
yeah that makes sense, and certainly it helps to have bank level capital to absorb those short term loses.
That said DMM also has the advantage of much lower overhead which has to count for something there

>>19938521
In the video the first thing that Greg mentioned off hand was testing out mortgages, that plus avionics.
they are going to dip their toes in various asset classes as a proof of concept and grow from there

>>19935614
>https://thedefiant.substack.com/p/coinbase-not-aware-of-partnership

Even Houbi partnership is a scam, No official source from them

>>19938637
already debunked:>>19936423

>>19935614
Kek nice article Med. Daily reminder that you would have $50k right now but instead you have <$10k because you're a retard. Maybe journalism will work out for you

>>19938716
>Kek nice article Med.
I thought DMM gave him back his money????
Or was that the other guy that got scammed.

Did Med not get refunded for fat fingering the buy?????

>>19938762
Im not sure bro. Last i saw he left the discord in a rage threatening to sue them kek

>>19938787
He can't even afford a lawyer

>>19938762
i sure hope not -- i hate to say it but that was 100% his fault. it was the people who got legit scammed who got their money back.

>>19935881 thank chainlink faggot and finrekt for shilling this

and is dumping now
felt for another scam

>>19938858
more like fell for the fud. Stay poor

Retards working hard to keep accumulating the first and only project to ever linked crypto to real world usage. You lads are nuts in your heard.

>>19939018
Compound is better. And the only legit defi

WEAK FUD

>0.92
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>0.92
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>0.92

>>19938872
give my money back