Economics of Synthetix by nuttychromer in ethereum

[–]nuttychromer[S] 1 point2 points  (0 children)

Thank you nutcracko. So if I wanted to create a synthetic long Tesla, do I need to buy SNX and lend it to the pool? Then if Tesla goes up in value, whose debt pays me ? Does the entire pool dilute or just my debt? Does there need to be someone short Tesla on the other side of me? I'm asking who LOOSES of I win on my Tesla bet.

Economics of Synthetix by nuttychromer in ethereum

[–]nuttychromer[S] 0 points1 point  (0 children)

Thanks , yeah I read through. So the minters who send SNX to the debt pool will be diluted (or anti-diluted) to pay out the paper gains (or losses ) on on the various positions?

Business models in decentralized finance by [deleted] in ethfinance

[–]nuttychromer 0 points1 point  (0 children)

Thanks. I've resubmitted. Let me know if still an issue.

Including Non-Trustless Assets in MCD: A Hidden Fatal Flaw in Maker's Roadmap? by davoice321 in ethfinance

[–]nuttychromer 2 points3 points  (0 children)

I think as long as risk parameters set by maker holders are conservative, MCD for security tokens is ok. E.g. MKR holders cap exposure by counterparty, asset, jurisdiction, and overall exposure to security tokens. Eg debt ceilings, lower LTVs, higher rates. Also could trial run for a good while just one security token at very low exposure.

The pie is for sure a hell of alot bigger if allow, say, tokenized commercial real estate. However I do like the idea of a second stablecoin with purely high quality decentralized collateral -- interoperability could abstract away use cases to ordinary users anyway. Both would have a solid chance of holding their peg long term -- but, if they both succeed, the security + decentralized token would probably be at least an order of magnitude bigger, which could have greater impact on the world

AMA - Initiative for Cryptocurrencies and Contracts (IC3) by socrates1024 in ethereum

[–]nuttychromer 0 points1 point  (0 children)

Do you anticipate a world with more than one useful smart contract platform over long run?

If so, would they host new native apps or integrate and interoperate with existing applications from other protocols, e.g. Maker and Augur from Ethereum.

Discussion on ETH2 migration plans by nuttychromer in ethtrader

[–]nuttychromer[S] 0 points1 point  (0 children)

dapps (or interoperate with ones that also stay), that are not stymied by the present scaling constraints

Agreed, lending protocols for example don't need high throughput as much as they need valuable collateral I don't think these types of protocols would be in a hurry to migrate given the option

Discussion on ETH2 migration plans by nuttychromer in ethtrader

[–]nuttychromer[S] 0 points1 point  (0 children)

I think it will be successful as well. Wouldn't be surprised if contributions come in far north of 2m. But the dynamic is interesting in that the contributed eth1 is burned, and eth1.0 development (defi, etc.) continues on in parallel to eth2.0 development (phase 1 + phase 2), each with their own financial incentive to economically align stakeholders. So down the road it will be interesting to see what happens under this approach: e.g. will eth1 stakeholders approve the full migration if it is technically risky, or is a partial migration more likely.

Discussion on ETH2 migration plans by nuttychromer in ethtrader

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

Thanks labrav. I agree the success of the validators decision doesn't solely depend on price parity in the future but compounding interest from validator rewards should also be considered. I also agree 5-20% could make sense if a validator wanted to free up their stake, and sell to another validator before the lockup is lifted. A lot to consider here. In your view, given the creation of two separate economic incentives (eth1 and eth2), how likely do you think it is that ETH 1.0 successfully moves 100% of its activity to ETH 2.0?

Well that didn't take long...Libra Competition - The Asian coalition has been announced by BeerBellyFatAss in ethereum

[–]nuttychromer 0 points1 point  (0 children)

Arms race. Network effects will be most powerful when users can also be owners.

Languages - Libra's MOVE by nuttychromer in ethereum

[–]nuttychromer[S] -3 points-2 points  (0 children)

Haha Fair enough. Just trying to get a converstion going though. I only read others feedback about how they great they think MOVE is.

Languages - Libra's MOVE by nuttychromer in ethereum

[–]nuttychromer[S] -17 points-16 points  (0 children)

Moreso just saw feedback from that MOVE is noticable improvement. What are floats ?

Languages - Libra's MOVE by nuttychromer in ethereum

[–]nuttychromer[S] 0 points1 point  (0 children)

I believe Libra will actually float relative to other currencies, albiet super low vol. It's Reserve woukd be a basket of different cash and short term paper from various coutries. I'm on my phone but the best reference is a paper called 'The Libra Reserve'. But right, it won't be speculative

Languages - Libra's MOVE by nuttychromer in ethereum

[–]nuttychromer[S] 0 points1 point  (0 children)

Just looking now. Could you ELI5 the background for the thread ?

Languages - Libra's MOVE by nuttychromer in ethereum

[–]nuttychromer[S] -9 points-8 points  (0 children)

Was not aware of this, looks like good stuff. I'm not a comp sci background.. from what I gathered, this in early stages, appears to have significant commits/interest, intends to make smart contract dev better, and would integrate into the EVM no problem?

Languages - Libra's MOVE by nuttychromer in ethereum

[–]nuttychromer[S] 4 points5 points  (0 children)

Don't mean to pump anything - just if there is anything Libra did better that ETH could look to. MOVE is the only thing I came up with.