[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 85 KB, 1400x933, mkr.jpg [View same] [iqdb] [saucenao] [google]
16729370 No.16729370 [Reply] [Original]

It's the US dollar except it's actually backed by something. DAI is only created when a collateralized debt position is taken.

You can only open a cdp against ETH and BAT, but they are planning to incorporate other coins in the future. Wrapped Bitcoin, etc.

>> No.16729404

>>16729370
met all the maker team before and after the firing. they pump their own coin and its not decentralized and a massive scam. everything you said is a lie lol

>> No.16729413
File: 17 KB, 480x360, reaper.jpg [View same] [iqdb] [saucenao] [google]
16729413

>>16729370
>It's the US dollar except it's actually backed by something.

>> No.16729417
File: 28 KB, 426x541, 1577472119084.jpg [View same] [iqdb] [saucenao] [google]
16729417

>>16729370
>and hasn't mooned

Shit's $410. What the fuck is your target?

>> No.16729445

>>16729417
only 1 million coins.

It decentralized the collateral debt market. How would you value a coin that allows you to mint more of anything that can be tokenized with a collateral debt position?

>> No.16729483

>>16729445
>How would you value a coin

I'm asking you, faggot. How would you value it?

>> No.16729485

>>16729370
>>16729445
how many do I need to make it?

>> No.16729529

>>16729483
If real world assets are never tokenized on ETH, I would say this would peg to a third of ETH.

If wrapped bitcoin gains adoption this would probably peg to half of ETH.

If real world assets start getting tokenized on ETH, this has limitless potential.

>> No.16729538

>>16729485
5 at least. 3 prominent venture capital firms have a huge stake. I have put every dollar i have into it.

>> No.16729608
File: 160 KB, 556x730, 1577773167497.png [View same] [iqdb] [saucenao] [google]
16729608

>>16729370
>brillant game theory
>over-collateralized loan
wow i bet it has never been done before, new paradigm

>> No.16729682
File: 128 KB, 664x530, MKRValuation.png [View same] [iqdb] [saucenao] [google]
16729682

>>16729404
0 proof provided, so I'm discarding this.

>>16729413
Kek I had an issue with that claim as well, but the idea still holds - Dai is one of the most important currencies on Earth.

>>16729417
$100k-$200k

>>16729485
1 MKR is a suicide stack. Plan accordingly.

>>16729483
Ironically enough MKR is the most model-able crypto. You can value it using a discounted cash flow model

https://www.investopedia.com/terms/d/dcf.asp

Pic related is from here:
https://www.investopedia.com/terms/d/dcf.asp

>> No.16729689

>>16729483
>>16729682
Sorry my previous picrelated is from this link:
https://medium.com/coinmonks/cryptoasset-research-maker-mkr-a0e89fccb985?

>> No.16729762
File: 228 KB, 1548x1024, drakesmiling.jpg [View same] [iqdb] [saucenao] [google]
16729762

mfw I know I'm early on one of the biggest drivers of the next crypto bubble

>> No.16729770

>can only buy DAI on cuckbase
>not MKR

not gonna make it bros

>> No.16729782

>>16729770
that's why it's bullish. It's so threatening to central banks that exchange don't want to touch it.

>> No.16729868

>>16729782
It's also just not on Oasis anymore. I assume the supply has been locked up for years now, yes?

>> No.16729892

>>16729782
They don't want to touch it because it's obvious that their sõycick team is barking up the wrong tree. You have to be seriously deluded to think the feds aren't tracking their every move and building a case

>> No.16729945

>>16729868
Check Uniswap, Kyber, and OKEx

>>16729892
>You have to be seriously deluded to think the feds aren't tracking their every move and building a case

https://blog.makerdao.com/the-maker-foundation-transfers-trademarks-and-software-ip-to-independent-dai-foundation/

https://blog.makerdao.com/transfer-of-mkr-token-control-a-giant-leap-toward-system-decentralization/

What are they going to do? Go after open-source devs for writing code? That's not illegal.

>> No.16729967

>>16729945
Look up what happened to the guy who wrote the Ether Delta contract

>> No.16729998

>>16729967
I couldn't find anything. What happened?

>> No.16730014

>>16729967
How's that the same thing? EtherDelta was an exchange built by a single guy. MakerDao is not an exchange, and wasn't built by a single person.

>> No.16730022

>>16729998
https://www.lexology.com/library/detail.aspx?g=f85e3e16-6041-493a-9860-7e5ee001045a

>> No.16730042

MKR is literally a hidden gem