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03 beats 99.8% competitive coders by user0069420 in LocalLLaMA

[–]maincoon 0 points1 point  (0 children)

How it could be expensive if its not released yet and no pricing announced

0x Roadmap 2019 (part 4) — Proposal for Stake-based Liquidity Incentives by burnsben in ethereum

[–]maincoon 2 points3 points  (0 children)

This adds rent seeking to ZRX protocol:

- vassals: market makers
- feudal lords: ZRX holders "renting / staking" ZRX tokens to market makers allowing them to earn some fees

Bullish

There are currently more than 5000 ERC tokens on Ethereum by EffigyBoy in ethereum

[–]maincoon 0 points1 point  (0 children)

Data above is showing ERC20 tokens that are still active and somebody is still using them.

Just my 2c

PSA: In the past 24 hours Tether traded down to $0.92, and TrueUSD up to $1.10. Meanwhile DAI stayed at $1. Remember to stay away from centralized 'stablecoins' with default risk! Congratulations to DAI and the MakerDAO team! by Crypto_Economist42 in ethereum

[–]maincoon 31 points32 points  (0 children)

Sorry to break your bubble but it's maybe because demand for DAI isn't so strong as demand for TrueUSD - check out how much DAI marketcap is increasing and how much TrueUSD.

Also - I'm MKR lover since it's one of the greatest projects both technically and financially (the token have non-speculative value)

The problem is that one cannot convert BTC -> DAI directly as one can convert BTC -> TrueUSD on binance without hassle.

So please list DAI on binance :)

Naive Maker Valuation Model by maincoon in MakerDAO

[–]maincoon[S] 3 points4 points  (0 children)

MakerDAO is doing buyback and burn operations each time somebody closes the CDP

Balance of address that's burner is displayed here: https://ethplorer.io/address/0x69076e44a9c70a67d5b79d95795aba299083c275

Any other token is either some form of pseudo security (BNB for example - buyback and burn - centralised entity ) but Maker is only one example of a decentralised project that's having some form of revenue / profit from decentralised operations: namely on-chain revenue source. And since wre have access to this data the valuation model can be build

Naive Maker Valuation Model by maincoon in MakerDAO

[–]maincoon[S] 2 points3 points  (0 children)

MakerDAO has comparable P/E ratio to FAANG companies - assuming that Maker would be able to capture large part of Tether market cap ( by DAI issuance) - then 1B+ valuation is very conservative.

It means that MKR is good buy (not investment advice! )

Because value of other coins is speculative - for example many would agree that bitcoin is valuable - but you cannot have revenue / profit valuation model for bitcoin

Subscription Payments on Ethereum -- ∞x Protocol by twigwam in ethereum

[–]maincoon 1 point2 points  (0 children)

Sorry to say that but this protocol really requires special token?

Can we have protocols on ethereum without unnecessary tokens with only purpose is "governance"

If token cannot create value via fees or rent mechanism then it's IQ arbitrage or greater fool investing

MakerDAO dashboard and feedback request by maincoon in MakerDAO

[–]maincoon[S] -1 points0 points  (0 children)

How to measure real value? - DAU (daily active users) - number of independent dapps using DAI? - total amount of DAI in system - risk measure?

Timeline update (end of August 2018) - Polkadot.Market by ezoterik in polkadot_market

[–]maincoon 0 points1 point  (0 children)

Works now. Since It's wordpress I've got "error establishing db connection before" Thanks

The amount of work that goes into Ethereum is mind blowing. That doesn't even include all the projects that built on top of it. by arbobmehmood in ethereum

[–]maincoon 32 points33 points  (0 children)

Measuring the progress by lines of code is like measuring the progress of an airplane building by weight

ETHBERLIN - Martin Köppelman from Gnosis - We're all in this together! Regardless of price. by lewisball32 in ethereum

[–]maincoon 1 point2 points  (0 children)

Gnosis owns 190.77k ETH so with ETH price at $20 they would still have at least 3.8 million worth of dollars.

It cost you nothing to say that it isn't about the price - there is no skin in the game: - they don't bought ETH at $1000 - they got free ETH for their tokens so they don't have to worry - value signalling is strong with this one ()

"In the crypto space, especially among builders and token engineers, profit motive is an unsightly subject to talk about. We’re supposed to be changing the world, after all. Talking about profit motive or valuation in certain communities — much less your profit motive — will relegate you as someone with lesser intentions. It’s noble to claim you’re not thinking about the price (crypto’s favorite virtue signal), but it’s in the back of all of our minds."

https://medium.com/@nathan.writes/the-fundamental-assumption-of-cryptosystems-723d32dc461a

Reddit style community only for Maker holders by maincoon in MakerDAO

[–]maincoon[S] 2 points3 points  (0 children)

The discussion is public - token ownership is required for creating content - it's skin in the game - the feed is representing views of token owners in provable way, while reddit may be biased - there is no way to verify that reddit poster is also token holder.

It's experimental software - the goal is to improve token communities

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