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File: 27 KB, 529x167, MKR.png [View same] [iqdb] [saucenao] [google] [report]

Anonymous Fri Mar 13 02:53:34 2020 No.17766594 [Reply] [Original] [archived.moe]

>defi
AHHAHAHAHAHAHAHAHAHHAHAHAHAHA

>>	Anonymous Fri Mar 13 02:57:28 2020 No.17766652 The future of finance

>>	Anonymous Fri Mar 13 03:01:02 2020 No.17766697 File: 122 KB, 926x926, 1564966751461.jpg [View same] [iqdb] [saucenao] [google] [report] >>17766594 AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA THIS SATSGANG PND IS GOING TO RUIN MAKER OVERNIGHT ON DAY 1 OF MAINNET.

>>	Anonymous Fri Mar 13 03:03:05 2020 No.17766724 >Hard fork followed by creation of "New" Ethereum Classic in 3...2...1...

>>	Anonymous Fri Mar 13 03:05:54 2020 No.17766767 >>17766594 How is it "stolen"? Don't hate the player, hate the game.

>>	Anonymous Fri Mar 13 03:07:31 2020 No.17766797 >>17766767 >>17766724

>>	Anonymous Fri Mar 13 03:07:36 2020 No.17766803 >>17766767 You are retarded >>17766594 The face of the future of finance ladies and gentleman, the true cutting edge

>>	Anonymous Fri Mar 13 03:09:26 2020 No.17766824 go back

>>	Anonymous Fri Mar 13 03:10:17 2020 No.17766836 >>17766824 cope

>>	Anonymous Fri Mar 13 03:13:52 2020 No.17766880 >>17766594 >stolen You mean it worked as intended

>>	Anonymous Fri Mar 13 03:15:26 2020 No.17766902 File: 112 KB, 600x800, 1.jpg [View same] [iqdb] [saucenao] [google] [report] >>17766836 >

>>	Anonymous Fri Mar 13 03:16:41 2020 No.17766924 >>17766594 Where does one bid for the collateral?

>>	Anonymous Fri Mar 13 03:19:13 2020 No.17766969 File: 109 KB, 629x984, 1584044123852.jpg [View same] [iqdb] [saucenao] [google] [report] >>17766767 Fucking kek

>>	Anonymous Fri Mar 13 03:23:50 2020 No.17767027 Can someone explain this to a brainlet? If it's an auction system, wouldn't askers be able to set a minimum price?

>>	Anonymous Fri Mar 13 03:26:13 2020 No.17767059 >>17767027 Not if they are being liquidated

>>	Anonymous Fri Mar 13 03:27:24 2020 No.17767074 >>17766594

>>	Anonymous Fri Mar 13 03:30:53 2020 No.17767129 File: 1.25 MB, 1904x9632, 1527690342295.png [View same] [iqdb] [saucenao] [google] [report] >>17766767

>>	Anonymous Fri Mar 13 03:32:03 2020 No.17767142 >>17767129 tldr

>>	Anonymous Fri Mar 13 03:33:48 2020 No.17767159 >>17766594 stolen is the wrong term there. Purchased for nothing or maybe "finessed" would be more suitable?

>>	Anonymous Fri Mar 13 03:34:18 2020 No.17767169 File: 54 KB, 635x559, makerdao oracles exploit marc weller aave.png [View same] [iqdb] [saucenao] [google] [report] >>17766594 Chainlink would have unironically helped fix this.

>>	Anonymous Fri Mar 13 03:34:45 2020 No.17767176 >>17766902 >some people loses their life savings because of a bug >the future of finance

>>	Anonymous Fri Mar 13 03:36:06 2020 No.17767196 >>17767027 i remember looking into this shit a few months back but the whole liquidation system seemed completely sketchy as fuck so i wrote it off then and there. glad i did.

Anonymous Fri Mar 13 03:37:02 2020 No.17767210

>>17767169
>chainlink transaction fees skyrocketing during the price drop
>node operators having to pay out the ass just to keep it running
yeah let’s just ignore that certainly doesn’t have any implications for when it’s actually handling larger transactions and contracts

>>	Anonymous Fri Mar 13 03:37:59 2020 No.17767222 >>17766594 It was probably the devs themselves

Anonymous Fri Mar 13 03:38:42 2020 No.17767231

>>17767210
That's entirely due to gas congestion brainlet.
And there were indeed Chainlink nodes bravely soldiering on despite the massive gas costs, for the good of the cause.

Meanwhile Makerdao's decentralized price feed failed, and we can only guess why that happened because their price feeds are private.

>>	Anonymous Fri Mar 13 03:39:03 2020 No.17767236 >>17767142 OP conned a scammer out of $40,000 in ETH

>>	Anonymous Fri Mar 13 03:44:19 2020 No.17767327 >>17767129 >>17767142 >>17767236 This was extremely delicious because OP made sure he was only scamming people who were willing to prey on the vulnerable.

>>	Anonymous Fri Mar 13 03:44:46 2020 No.17767334 File: 1.22 MB, 230x268, 1555128292111.gif [View same] [iqdb] [saucenao] [google] [report] >>17767129 fucking owned

>>	Anonymous Fri Mar 13 03:45:16 2020 No.17767340 >>17767027 Good question actually, why isn't the minimum bid simply the last published ETHUSD price

>>	Anonymous Fri Mar 13 03:45:20 2020 No.17767342 >>17767327 yeah but its fake anyway op filled it himself

>>	Anonymous Fri Mar 13 03:46:02 2020 No.17767349 >>17766594 This is why FRM mainnet needs to launch NOW!

Anonymous Fri Mar 13 03:47:23 2020 No.17767372

>>17767231
No shit, that’s part of the problem dumbass. Node operators won’t “soldier on” when the network is actually handling larger transactions and is being used by more than some literally who crypto projects with not many users. If you completely ignore this flaw then you are just coping and relying far too much on muh marines hodling the line and other similarly stupid memes

Anonymous Fri Mar 13 03:50:45 2020 No.17767424

>>17767372
>Node operators won’t “soldier on” when the network is actually handling larger transactions
They will if they want a reputation bonus.
Didn't think of that, did you?

Also, the idea is for ETH to scale better by then; whether through ETH's own efforts or thanks to solutions like threshold signatures, Loopring (also powered by Chainlink), etc.

>>	Anonymous Fri Mar 13 03:52:10 2020 No.17767454 >>17767372 Threshold sigs Offchain computation

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