[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports / report a bug ] [ 4plebs / archived.moe / rbt ]

2022-06-09: Search is working again.
2022-05-12: Ghost posting is now globally disabled. 2022: Due to resource constraints, /g/ and /tg/ will no longer be archived or available. Other archivers continue to archive these boards.Become a Patron!

/biz/ - Business & Finance

View post   
View page     

[ Toggle deleted replies ]
File: 27 KB, 529x167, MKR.png [View same] [iqdb] [saucenao] [google]
17766594 No.17766594 [Reply] [Original] [archived.moe]


>> No.17766652

The future of finance

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



>> No.17766724

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

>> No.17766767

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

>> No.17766797


>> No.17766803

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

>> No.17766824

go back

>> No.17766836


>> No.17766880

You mean it worked as intended

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


>> No.17766924

Where does one bid for the collateral?

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

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

Not if they are being liquidated

>> No.17767074 [DELETED] 


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


>> No.17767142


>> No.17767159

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]

Chainlink would have unironically helped fix this.

>> No.17767176

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

>> No.17767196

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

>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


It was probably the devs themselves

>> No.17767231

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

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

>> No.17767327

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]

fucking owned

>> No.17767340

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

>> No.17767342

yeah but its fake anyway
op filled it himself

>> No.17767349

This is why FRM mainnet needs to launch NOW!

>> No.17767372

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

>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

Threshold sigs
Offchain computation

Delete posts
Password [?]Password used for file deletion.