Isn't this part: Building a DeFi lending model for, say, getting a mortgage, is way more complex. The chain can’t judge your creditworthiness. The chain can’t just evict you if you stop paying. The chain can’t go out and do an appraisal. The chain doesn’t know if the market price of your home has gone down or anything like that. For all of that, you need actual humans. the point of ChainLink?
Right. And they could check some home price program like Zillow or whatever. They couldn't physically evict you but they could contact police/lawyers/etc if you stop paying. I don't know, seems like it could be a pretty powerful function.
Removing humans from creditworthiness review is the intent of credit scores. I’m not sure how that couldn’t be automated
I think it could be, but he’s absolutely right that it is both way more complex and human involved than over collateralization and that undercollateralized debt has to be a feature eventually
Btw I have a Bloomberg Terminal and Anywhere account thru work so I’ll try to continue to post interesting crypto related content from there.
Like how would a blockchain know that you added on a bedroom to the back of your house without a human verifying it? Now theoretically, the verification could involve a form that goes onto the blockchain address of the property, so it’s still possible, but that involves regulation at some point.
lol. Terrorist money not working out so well for the hackers. It’s almost like it actually helps in recovering hacks. Btc simp out
I don't really see the major drawback to part of the process still being somewhat human involved. Like Bloom for instance has verifiers, but the important part is they certify onto the blockchain. Or something like that.
I agree, it just won’t be the deregulated pipe dream some people want. And that dream is fuckin stupid anyways
Still in roadshow but discussing 7 year non call 3 structure with 6.25%-6.5% marketing range. B3 Corp rating and Ba3 on the secured bonds from Moodys. Pricing later this week I’ll post the final details.
https://www.cryptoslam.io/veefriends A core VeeFriend sold for 14.6000 WETH on the secondary market today. I bought a core VeeFriend for 0.5 ETH only 25 days ago. Floor price on secondary right now is ~3 ETH. #NFTSaredead tho. Up next, I'm auditioning my bored ape for an NFT comic book. Ethereum is pretty neat.
It’s still more active than all of 2020 according to that blurry chart. Looks great to me. And the two NFTs I just mentioned cost me a total of .58 ETH before gas, but I can flip today on secondary for 5 ETH. The Twitter nerds crying scam sound just like the early days of people saying BTC was only used for black market activity and money laundering. I’ve been doing this for a minute, too. Next.
Meanwhile there are plenty of nfts that would be “flipped” for a loss. That’s just anecdotal evidence. I’m not calling anything dead, but the unbridled enthusiasm has disappeared. The evolution of the top shot thread is a pretty good indicator of that, plus ya know, actual market numbers and not whatever you bought something at that you can now sell higher.
https://www.cryptoslam.io/veefriends BAYC Sold 2 hours ago for 3 ETH Plenty of actual sales and activity going on with two of the more popular NFTs while the rest of the crypto community is struggling with a price correction. You might have missed me already linking one of these, so here it is again. If you're comparing the "enthusiasm" to the spike on that chart from a few months ago, sure. But compared to previous years, NFTs are doing quite well, and we haven't even started utilizing the tokens. There was a huge spike in February, it's declined quite a bit, but it's still higher and stronger than previous years. Sounds like every coin out there right now, brother. In fact, look at the global crypto market cap for a similar time frame. The decline and spikes aren't as exaggerated as it was with NFTs, but it's there. I can't wait until next year when I can buy my Dallas Mavericks tickets and have it minted as an NFT. Do you think I can do that currently with Bitcoin or Dogecoin? Or more likely that's gonna be on an Ethereum platform, right? Plenty of evidence I've seen suggests that NFTs are about to blow up. The links above are a start. Cuban discussing NFTs as tickets for next season is another. And Top Shot won't exist in 3-5 years. There are shitcoins and there's shit NFTs. Top Shot is one of them, and LaMelo is about to steal all their momentum, or what's left of it, at the end of this month. Top Shot belongs on Binance.
People are buying half a dozen Gary Vee NFTs for a price of a starter home, while the sellers have basically made a year's salary for 99% of us. In less than 25 days. Apparently, you gotta post a pic or a tweet for it to be real life.
Hedge fund friend… JS: Evan suggested to look into MKR and it seems to make a lot more sense vs other defi tokens. Would love any feedback. If you look at one of these charts it seems to roughly track the order of market caps of the various coins. This always stuck me as weird because some coins have no current economic claim $uni and some have a limited economic claim $sushi $aave. Sushi token holders are entitled to 1/6th of the fees above and Uniswap 0%, for example. Also many of these protocols incentivize activity by giving out free governance tokens. For example on $AAVE so much of the activity is subsidized by earning bonus $AAVE not just the normal borrowing and lending. $UNI in this sense is good because activity isn’t subsidized. MKR is not a peer to peer lending service. All the fees generated go towards buying and burning MKR. On the downside, and I would love to really understand this better, maker is created to support the DAI peg. But net net, clearly a huge % of the fees generated by the protocol go directly to MKR. Which is unique. So what should the token be worth? Right now MKR is number 2 in TVL. Would be interesting to see where AAVE would be without giving away a bunch of bonus AAVE. Valuation: extrapolating recent numbers MKR should earn $120m in fees. I would expect this to grow over time and it’s more like a royalty valuation (no costs other than maintaining DAI peg— can anyone help me understand this cost to MKR?). Based on high growth SAAS something like 40-50x royalty revenue seems reasonable = $5-6b valuation and current valuation $3.2B so like 75% is upside. I bought some. Note: The larger concern with MKR is that a large % of the collateral is centralized (USDC being a major one at over 40%), making DAI not really a “censorship-resistant stablecoin”. (I also bought some)
newb here but believe in crypto's uses going forward, what's my best bet? Just buying some BTC and holding for a while?
Definitely not going to be expanding my Chia farming empire. These dudes are goons who have successfully burned through nearly all their goodwill in about a month with the community.
DYOR… BTC’s use case/investment thesis is vastly different than ETH’s. BTC isn’t a catch all for crypto even though they are seemingly correlated in price action. When you say “uses going forward” ETH comes to mind before BTC. BTC has one potential use imo - store of value/digital gold. And it’s debatable how well it’s achieving that purpose, but all crypto is speculative at this stage. Read that Joe Weisenthal article posted in the last page or two.
Fuck if I care. It’s a CIO of a fund offering his thoughts on MSTR’s offering drawing like $1.6B in interest.
His thoughts are hopeful theoretical nonsense though. I’m just gonna hold out hope Elon goes lazer eyes so I know it’s real
The “thinking out loud part” kinda gave away that he wasn’t claiming he knew anything. Good on you for figuring that out though!
thank you then, for posting a wild ass guess about the possible actions of a charlatan as they pertain to the actual actions of a btc maximalist with a history or risky behavior. Great contribution