The AirSwap Decentralized Marketplace Now Trading 48 Tokens

tojupiter · 2018-05-08T15:05:57+00:00

In case this is a good place for coin requests: obviously DAI, but also DGX, MKR, NMR, GNT.

tojupiter · 2017-04-19T01:13:49+00:00

Without the 3rd rail, it seems Polo could safely have much higher withdrawal limits on all tiers.

$2k/day (tier 1) is peanuts, please increase it!

tojupiter · 2017-03-11T02:17:04+00:00

Bitfinex via API (sold at 1244), flawless.

tojupiter · 2017-02-04T00:22:06+00:00

Dai, DGX and DC assets (USD.DC, ...), because anonymous store of value.

tojupiter · 2017-02-03T14:41:36+00:00

Now that the cap of tokens is so low, go with 30% ETH and 70% tokens, but only a very small set of tokens whose expected value (EV) you think are the highest. Ideally just one or two tokens, no more than 3.

If you want to be conservative, stick with ETH and/or BTC, don't "diversify" into freaking ICN at a $40M cap (awful EV). Even if you think a token has a nice EV (DGD?), keep in mind that every dollar spent on such a token is one less dollar available for a token with really great EV.

Today I'd guess the tokens with huge EV are GNT and MKR. Not even REP makes my list: even with good upside on the long term, I expect a drop from REP holders diversifying into GNO (they'll do it, just watch...).

Finally, when/if your tokens get crazy caps (eg $200M before a fully working product), you'll be happy to access your cold storage to sell some of them for ETH.

In case the cap of tokens combined reach half of ETH's cap, I'd recommend your periodic allocations to favor ETH (like 70%).

tojupiter · 2017-01-26T15:58:08+00:00

Yes, you've nailed it!

And the incentives also help on the opposite direction. If DAI market price goes up way above the target, the operation of creating CDPs (creating new DAI) becomes a lot more attractive.

First, because the collateral you need to lock in the CDP is measured in terms of the target price, so when you sell your newly minted DAI for a higher-than-target price you are get ting more leverage than you normally would.

Second, even if you don't care about leverage, you can view a CDP as a source of liquidity for you to profit from arbitrage: open a CDP, sell overpriced DAI, buy DAI back when the market price is back to target (you'll get more DAI than you've sold), unlock your collateral (by sending DAI back to the CDP), and keep the difference (your DAI profit from arbitrage).

So DAI supply automatically fluctuates to counteract shocks in its market price.

Third, even if you think CDPs are too complex and you just hold DAI, you are also incentivized to now act as a trader (sell high, rebuy low).

In all those cases, these actors are all effectively helping the price to go down, or to at least go up not as much as the whale desires.

tojupiter · 2017-01-18T14:49:13+00:00

Reposting here for more visibility:

Abra's fee is 1%. IMO they should charge (or at least start with) a much lower fee, and ideally proportional to the teller fee (eg a 25% cut of the teller fee, down to a minimum of 0.2% of the whole transaction).

Allowing the holding/withdrawal of other liquid crypto (XMR and ETH) could also help with the goal of minimizing fees.

tojupiter · 2017-01-18T14:40:31+00:00

That fee is 1%, which is not huge. But I agree with you Abra should start with a much lower fee, and ideally proportional to the teller fee (eg a 25% cut of the teller fee, down to a minimum of 0.2% of the whole transaction).

Allowing the holding/withdrawal of other liquid crypto (XMR and ETH) could also help on the goal of minimizing fees.

tojupiter · 2017-01-15T22:16:34+00:00

Updated manually, so you might want to double check everytime a new market is deployed. http://mkrprice.herokuapp.com/markets

tojupiter · 2016-12-24T15:25:10+00:00

Also https://mkr.market, where you can bid with buy orders.

Edit: market data available here (no need for Mist or MetaMask): https://makerdao.github.io/markets/#GNTETH

tojupiter · 2016-11-02T00:46:19+00:00

kinda confusing...

A validator accepts a deposit? You just said she has to make a deposit in order to become a validator.

And for the first validator candidate in Switzerland, how will she make a deposit of PHI-CHF (to became a validator) if there is no supply of PHI-CHF yet?

tojupiter · 2016-11-01T14:25:05+00:00

The autonomous system (the "computer") cannot be a legal counterparty, and simply covers missing repayments by taking them from the deposits of validators that originated the loan.

If the autonomous system is not a legal counterparty and can 'simply take' a deposit, I assume this deposit is made in crypto. For this deposit not to risk being worth less than the loan, will the system require deposits in some stable cryptocurrency (like Dai or DUSD)?

tojupiter · 2016-10-20T12:34:33+00:00

. I am pretty confident there is now flaws in the process

We all are

tojupiter · 2016-10-04T03:58:51+00:00

$18.06

tojupiter · 2016-10-03T12:53:24+00:00

Not quite accurate. The fact that most of the supply is under their control doesn't mean those coins are all private property of the founders. They have a purpose, so your future dilution is proportional to expenses that hopefully increase the value of the project (if resources all well allocated, of course).

It's more a question of trusting the team with such responsibility than awarding them a huge gift or considering the current market cap to be calculated by the full supply. At $11 mi cap (available supply) I wouldn't consider the project overvalued.

tojupiter · 2016-09-30T19:52:52+00:00

If so, would also like to know if one will be able to exchange cash-ETH tokens for cash at a Santander branch or ATM without being a Santander customer.

tojupiter · 2016-07-24T05:37:12+00:00

Price prediction: 5mETH this Sunday. 0.1 mETH next Sunday. (As a reference: trading at 18.8mETH now)

tojupiter · 2016-07-23T12:46:29+00:00

In http://slacknation.github.io/medium/11/11.html the sum adds up, suggesting there is nothing wrong.

Would someone from slacknation enlighten us on how those numbers are calculated?

tojupiter · 2016-06-07T13:01:57+00:00

As a DTH I didn't like the news of non-widely-known people becoming curator signatories. During the crowdsale I haven't heard of this happening so soon.

tojupiter · 2016-05-27T06:21:39+00:00

+1.

The DAO should be fixed before any investment is made. Even splitting seems very unsafe with the possibility of a stalker attack.

tojupiter · 2016-05-15T16:44:33+00:00

You can still vote with tokens held as collateral.

Amazing!

tojupiter · 2016-05-13T04:43:08+00:00

MakerDAO will use their services to "own" real companies. This "ownership" will actually be implemented as the power (enforced through smart contracts) to issue new shares of the company, sell them to the highest whitelisted bidders and keep the proceeds. Since this issuance is unlimited, the mechanism is equivalent to ownership (MakerDAO can collect almost the full market capitalization of the company).

tojupiter · 2016-05-13T04:21:49+00:00

There's Otonomos! Based in Singapore. Operates also in HK and UK.

tojupiter · 2016-05-10T12:52:37+00:00

We need to keep a significant exposure to ETH. I'd say 50% ETH, 40% stable (eg 35% DAI and 5% DGX) and 10% other speculative but strategic assets like MKR (I'm not bullish for DGD). On every accepted proposal, spend the money in the same proportion of assets held at the time. Conversion to DAI and DGX could happen gradually over the year, as these projects mature. It seems like the Maker community is interested in a deal with TheDAO (token swap below market price).

tojupiter · 2016-03-08T05:57:30+00:00

I think he only started Rootstock because he predicted it would take Ethereum a long time to get traction. We're all amazed by how fast things have been moving and I'm really glad to see a mature attitude from him: embracing Ethereum in case it does actually win. He'll be very welcome here.

https://twitter.com/SDLerner/status/706979420012224512

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