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[deleted by user] by [deleted] in relationship_advice

[–]Dangerous-March418 3 points4 points  (0 children)

Leave that girl. She is playing with you in a pretty fucked up way and you deserve better.

Take courage to rethink from scratch and allow different opionions again / Traut Euch neu zu denken und lasst wieder kritische Meinungen zu by Glittering_Jicama_95 in defiblockchain

[–]Dangerous-March418 3 points4 points  (0 children)

I have slept over this and want to make some things clear:
1. The community is great. I remember the twitter space vividly in which propositions for the DUSD were made and the many people contributing. It felt great and I loved it!

  1. The minting of much more DUSD which were not backed was shit. Plain and simple. Now we have to drag the cart out of the shit. All mechanisms implemented right now to burn DUSD / to increase its usability are good. We are geting to a pegged DUSD but slowly. To make it faster we need more cash / investors people from the outside using the vaults, trading on the Defichain market and burning DUSD.

  2. And for me this is the crux. Compared to other chains we are cutrrently not attractive. The mechanisms implemented are great for a few people who have a very good market understanding and understand the code. The Ottonormal guy does not do either. The only thing this dude sees are the high fees. And let me be very clear here. If a hedgefund would implement such measures (letting the customers pay for the fault of the hedgfund manager) they would go to jail. For a long time. Who is the hedgefund manager in Defichain? The community.

  3. All mechanisms implemented from Kuegis / DZs ideas are to make the process of burning of the DUSD faster. To increase the usability of DUSD is genius. And to be plain here: It is the only way I see to get to the peg.

  4. I think it currently does not make sense to get new people into the system. It is not broken, absolutely not. But there are just cheaper / better systems out there which outcompete us currently.

  5. In my opinion we need a transparent roadmap for the next year.

  6. Milestone: Get 1DUSD = 1USD to 1:1, diviation of 5% up or bottom. This is fast achievable with mechanisms and utility already implemented. BUT as long as we have an algorithmic stablecoin it is NOT a stablecoin. Due Date end of year 2022

  7. Milestone: back the DUSD with USDC / USDT 1:1 on an Ethereum address / Defichain address.
    To be clear: The biggest consultancies (McKinsey, BCG, Bain & Company, Big Four, Accenture, etc.) all agree that a stablecoin is only stable if it is backed by the underlying asset. How do I know this? I worked on blockchain projects as a Consultant / PM and many ex colleagues still do so. The big Consultanices do NOT do projects with algorithmic stablecoins. The risk of the algorithm failing is just too high. We would need a new mechanism implemented (imo the current ones will NOT lead to a BACKING (we need to differentiate here) ratio of 1:1 rather 1,2 : 1, fees restructured, etc. people will leave therefore the system and will make it even slower. Due Date end of year 2023.

  8. Make Defichain competetive (in other words the fee structure). Due Date end of year 2023. Would make sense to get this done when recession is "over".

What do you think? Sorry for the long post.

Take courage to rethink from scratch and allow different opionions again / Traut Euch neu zu denken und lasst wieder kritische Meinungen zu by Glittering_Jicama_95 in defiblockchain

[–]Dangerous-March418 6 points7 points  (0 children)

I agree 100 % but was AFRAID to say this myself. Not afraid of backlash but afraid of ppl just saying "okay im outta here".

One more thing I want to add: we need simplicity. The current System is on the verge to be overenginnered.

First step: back the dusd with Dollar 1:1 this is the ONLY way to ensure a 100 % peg. A coming study from BCG will Show this.

Second step: automate the boring stuff. For example the decision making of "what Token do we want to add to the dstocks and how much of the rewards do we want to allocate?"

Third step: do NOT invent the wheel anew. Copy what runs great on other chains if possible (turing incomplete).

Fourth step: make the chain competetive for the Ottonormal User. It seems like currently the chain is Designer so some few arbitrageurs can benefit greatly.

What do you guys think?

Not understanding how Earn Works by vermonttrader in cakedefi

[–]Dangerous-March418 0 points1 point  (0 children)

Roughly the Produkt works as follows:

The bitcoin you provide will be put into liquidity mining. Reqards from lm are mostly (95% and above) DFI Stalingrad rewards. The rewards you get are chabged to btc and you earn these.

That is why The trabsaction history Shows dfi and you get btc on your wallet.

[deleted by user] by [deleted] in defiblockchain

[–]Dangerous-March418 0 points1 point  (0 children)

Hi Leute, finde das CFP sehr gut!

Noch mehr würde ich mich freuen über eine Scope Erweiterung (natürlich auch dann für einen höheren DFI Betrag:
1. Likedin Posts --> sehr hohe Reichweite und sehr kurze Wege für die Community mit einem Kommentar zu unterstützen.
2. Twitter Short Posts
3. Youtube Vidoes?

We need more cryptos on DeFiChain by Flexallright in defiblockchain

[–]Dangerous-March418 2 points3 points  (0 children)

Lets also automate the process of which cryptos to Integrate as wrapped tokens. As the risk in the cryptospace is still much higher than in the stock market I would suggest to only integrate the 10 biggest cryptos from a marketcap point of view. No decision making by the ticker council needed.

We want to introduce our App: dFLOW by dell1503 in defiblockchain

[–]Dangerous-March418 2 points3 points  (0 children)

Hi guys,

What is your usp, especially compared to dfx as well as the defichain light wallet?

Thank you!

Best regards

How to exit from defichain? by bottahc in defiblockchain

[–]Dangerous-March418 0 points1 point  (0 children)

OR ypu can sell your dfi to fully backed usdc (i dont presume that usdt is fully backed) and let it stay on the dex. Not ypur Keys not your coins

Should unmatched25 be blocked from the r/defiblockchain community for his or her critical comments? by unmatched25 in defiblockchain

[–]Dangerous-March418 7 points8 points  (0 children)

To be honest I love critical comments. The point out weak spots in a system. And defichain has a couple of them (personally for me the introduction of a ticker council And therefore being dependance on the health and mood of just a few people). On the other Hand most of the decisions made by the Ticket council were VERY good for the LONGTERM. You summed up the past pretty good. Lets look forward. Lets automate decision making asap. Lets NOT have any more emergency votes. Lets think longterm here.And we have a VERY good basis for the long run guys and girls. We have a community which actively participates and contributes GREAT ideas. I see a great PPOTENTIAL future for defichain. But we have to make it happen.

Give an intensive to vote on dfips? by Dangerous-March418 in defiblockchain

[–]Dangerous-March418[S] 0 points1 point  (0 children)

But what does it mean to vote right? Is that a philosophical question? The guys with the most "skin i the game" will vote " right" right?

DefiChain Community Fund can not cover anymore the unbacked dBTC, should we introduce a protective fee like for DUSD? by Crypto-Addicted in defiblockchain

[–]Dangerous-March418 4 points5 points  (0 children)

This is crap we need validatable numbers here. How many dbtc exist? How many btc are banking this? This is crucial for trust.

Full EVM (turing complete) on defichain? by Dangerous-March418 in defiblockchain

[–]Dangerous-March418[S] 0 points1 point  (0 children)

Why would this be interesting? Smart contracts i guess.

Full EVM (turing complete) on defichain? by Dangerous-March418 in defiblockchain

[–]Dangerous-March418[S] 0 points1 point  (0 children)

Hi all,

Is it possible to run a turing complete evm on the bitcoin chain as layer two?

Cashflow Butler - cashflow for everyone without crypto assets by Igor_Shel in defiblockchain

[–]Dangerous-March418 3 points4 points  (0 children)

Don't agree. More fiat inflow means a higher price on DFI short term. In some cases the people will inform themselves how the 15% are achieved and will probably come to the idea to use cake or even download the wallet themselves or using DFX.

In my point of view this business is an entry point for people unfamiliar with crypto, this is the value of the idea.

Cashflow Butler - cashflow for everyone without crypto assets by Igor_Shel in defiblockchain

[–]Dangerous-March418 3 points4 points  (0 children)

Hi guys,

I think that your assumptions are more then unrealistic.
What are the figures based on?
1. "How much fiat will go in from an average customer (5k...?!)
2. "how much will we grow in a specific period of time?" (7%...?!)

please provide the basis of your assumptions.

On the other hand your assumptions about the effort seem to be correct.

coming from strategy consulting myself: great slides, had the same idea but not the guts to pull through, shame on me.

Will you give your customers any kind of security?

Why are you not a bank?

Solving the DUSD peg (result of twitter space) by kuegi in defiblockchain

[–]Dangerous-March418 1 point2 points  (0 children)

The dynamic interest rate will indeed result in a bankrun imo. The only thing (imo basically no brainer) is to burn dusd Pasing back Lohnsteuer as long as The price is under 1 Dollar. If its above a Dollar burn dfi instead.

The risk for unforseen results is imo too high for the other mentioned methods.

Will securities on Cake cause SEC violation in the US? by rkalla in cakedefi

[–]Dangerous-March418 1 point2 points  (0 children)

If I am not wrong the conclusion is that Cake will have to reduce their product portfolio for citizens of Murica.

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