[ 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: 27 KB, 529x167, MKR.png [View same] [iqdb] [saucenao] [google]
17766594 No.17766594 [Reply] [Original]

>defi
AHHAHAHAHAHAHAHAHAHHAHAHAHAHA

>> No.17766652

The future of finance

>> No.17766697
File: 122 KB, 926x926, 1564966751461.jpg [View same] [iqdb] [saucenao] [google]
17766697

>>17766594
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

THIS SATSGANG PND IS GOING TO RUIN MAKER OVERNIGHT ON DAY 1 OF MAINNET.

>> No.17766724

>Hard fork followed by creation of "New" Ethereum Classic in 3...2...1...

>> No.17766767

>>17766594
How is it "stolen"?
Don't hate the player, hate the game.

>> No.17766797

>>17766767
>>17766724

>> No.17766803

>>17766767
You are retarded
>>17766594
The face of the future of finance ladies and gentleman, the true cutting edge

>> No.17766824

go back

>> No.17766836

>>17766824
cope

>> No.17766880

>>17766594
>stolen
You mean it worked as intended

>> No.17766902
File: 112 KB, 600x800, 1.jpg [View same] [iqdb] [saucenao] [google]
17766902

>>17766836
>

>> No.17766924

>>17766594
Where does one bid for the collateral?

>> No.17766969
File: 109 KB, 629x984, 1584044123852.jpg [View same] [iqdb] [saucenao] [google]
17766969

>>17766767
Fucking kek

>> 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?

>> No.17767059

>>17767027
Not if they are being liquidated

>> No.17767074 [DELETED] 

>>17766594

>> No.17767129
File: 1.25 MB, 1904x9632, 1527690342295.png [View same] [iqdb] [saucenao] [google]
17767129

>>17766767

>> No.17767142

>>17767129
tldr

>> No.17767159

>>17766594
stolen is the wrong term there. Purchased for nothing or maybe "finessed" would be more suitable?

>> No.17767169
File: 54 KB, 635x559, makerdao oracles exploit marc weller aave.png [View same] [iqdb] [saucenao] [google]
17767169

>>17766594
Chainlink would have unironically helped fix this.

>> No.17767176

>>17766902
>some people loses their life savings because of a bug
>the future of finance

>> 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.

>> 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

>> No.17767222

>>17766594

It was probably the devs themselves

>> 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.

>> No.17767236

>>17767142
OP conned a scammer out of $40,000 in ETH

>> 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.

>> No.17767334
File: 1.22 MB, 230x268, 1555128292111.gif [View same] [iqdb] [saucenao] [google]
17767334

>>17767129
fucking owned

>> No.17767340

>>17767027
Good question actually, why isn't the minimum bid simply the last published ETHUSD price

>> No.17767342

>>17767327
yeah but its fake anyway
op filled it himself

>> No.17767349

>>17766594
This is why FRM mainnet needs to launch NOW!

>> 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

>> 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.

>> No.17767454

>>17767372
Threshold sigs
Offchain computation