/biz/ - Business & Finance

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/biz/ is missing the biggest opportunity since ETH Anonymous Sat Nov 16 19:03:43 2019 No.16280025 [Reply] [Original]

Bitcoin's biggest surge was when silk road and dark money were realized.

The same thing is going to happen with citizens in third world countries converting their hyper inflated currency into Dai, the usd pegged stablecoin.

Mark Zuckerberg tried to capture this market with Libra, but an asset backed stablecoin only works if the asset's governance is decentralized. Dai is minted when people collateralize ETH and soon BAT and Wrapped Bitcoin. Maker is an insane opportunity allowing you to lock any asset and mint a usd stablecoin that is backed by assets.

>>	Anonymous Sat Nov 16 19:06:22 2019 No.16280043 >>16280025 buying this as soon as it's available on coinbase.

>>	Anonymous Sat Nov 16 19:08:06 2019 No.16280063 >>16280043 it is available on the coinbase wallet. Just buy an eth coin and use uniswap.io

>>	Anonymous Sat Nov 16 19:12:02 2019 No.16280102 What's the benefit of holding maker though? Do I get interest or rewards?

>>	Anonymous Sat Nov 16 19:13:18 2019 No.16280119 >>16280102 Maker is burned to keep Dai stable. Maker also puts a stability fee on collateralized loans.

>>	Anonymous Sat Nov 16 19:26:01 2019 No.16280240 Dude its market cap is already super high, how much higher can it realistically go?

>>	Anonymous Sat Nov 16 19:29:07 2019 No.16280267 >>16280240 this $600mil for a cut of their cdps yearly fees aint worth it, somone will fork cdp's soon anyway (who needs a $600mil shitcoin weighing down defi)

>>	Anonymous Sat Nov 16 21:45:54 2019 No.16281273 >>16280240 Real assets are going to be tokenized. People will want to leverage them. Can you imagine how many people want to leverage bitcoin?

Anonymous Sat Nov 16 23:53:25 2019 No.16282034

>>16280025
>the usd pegged stable coin.
No such thing!

Pegging to the US dollar has CAUSED hyperinflation in several countries including Russia, Argentina, Zimbabwe and Venezuela.

If you want stability relative to the US dollar, buy genuine US dollars.

>>	Anonymous Sat Nov 16 23:56:12 2019 No.16282047 File: 3 KB, 300x300, 5cd4ead690d2de5d99a7d5d7_RSV-stamp-black.png [View same] [iqdb] [saucenao] [google] >>16280025 Lmao.

>>	Anonymous Sun Nov 17 00:01:17 2019 No.16282073 BAT has like a tenth the liquidity of ETH. What happens when BAT CDPs start getting liquidated and it turns out there isn’t a market willing to buy up the liquidations? MCD is so fucked

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