Maker Price Passes $4K for First Time, as MakerDAO Brings Real Estate to DeFi

  • Thread starter Thread starter krugman25
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This gal is your source of market "intelligence"?

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krugman25 said:
""Real world" assets have entered DeFi, as the Maker protocol reportedly just minted $38,000 of dai stablecoins to finance a mortgage loan."

https://www.coindesk.com/maker-price-makerdao-real-world-assets-defi
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Look at another low by @DiceAreCast aka volpunter. This charlatan with a failed(read: fake) banking career went ad hominem in her first response to @krugman25 when @krugman25 has been nothing more than polite.

Well if we are going to talk about ethnicities, why doesn't @DiceAreCast talk about her Japanese wife that she mail ordered from Fukushima? @DiceAreCast I know you Germans have a thing for Japanese going back to WW2, but are you such a loser you couldn't get someone from Tokyo and had to marry someone from the countryside?
 
Summary, cryptos are great because bank stock prices are below their historic level. The more I read about the crypto space and its participants the more I get the impression that my head sits just right and that my sense of logic, right and wrong, and value, long term, is not the one I should question.

AbbotAle said:
For thos interested on this topic, Arthur Hayes's latest is great...

https://cryptohayes.medium.com/yes-i-read-the-whitepaper-59cfa2ea9c2c
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You might want to roll those dice, Dice, as you're almost certainity going to be on the outside looking in.

Stable coin volume for example has just exploded, powering all sorts of innovative things. They facilitated a whopping $1 trillion in transaction volume in the first quarter, more than the previous four quarters combined. And yet the bears tell us crypto can't be used for anything apart from buying drugs.

Or to put it another way, if you take a 55 year old retail banking executive (working in head office), sit him down for 1-2 days and explain DeFi, what's going on, how it's being done, the shear amount of high level programming going on etc, that banker would probably have to sit in a dark room for several hours.

If the retail banker was under 40 and didn't know too much about DeFi, he'd work out within about 20 mins that he was in the right industry, but wrong sector, and quit for DeFi.
 
No, I am not looking in, I am living my own stable life. Fully paid up house, boat, cars, everything. Never a penny debt. Enough savings, all in cash and several stock index etfs. Once the money printing stops and inflation begins to pick up I will shift more and more out from the stock index etfs into tbills and roll them. I retired early and now go hunting, boating, camping, fishing.

So, please tell me again how my life choices were poor because I don't quite follow. By the way, I lived for 25 years in the world's largest cities and that lifestyle is not appealing to me whatsoever. So I got exactly what I wanted and am financially secure for the rest of my and my family's life.

So, again, what fantastic accomplishment did your stable coins again perform? 1 trillion in transaction volume? How did that again solve any man's problems? I don't quite follow...

AbbotAle said:
You might want to roll those dice, Dice, as you're almost certainity going to be on the outside looking in.

Stable coin volume for example has just exploded, powering all sorts of innovative things. They facilitated a whopping $1 trillion in transaction volume in the first quarter, more than the previous four quarters combined. And yet the bears tell us crypto can't be used for anything apart from buying drugs.

Or to put it another way, if you take a 55 year old retail banking executive (working in head office), sit him down for 1-2 days and explain DeFi, what's going on, how it's being done, the shear amount of high level programming going on etc, that banker would probably have to sit in a dark room for several hours.

If the retail banker was under 40 and didn't know too much about DeFi, he'd work out within about 20 mins that he was in the right industry, but wrong sector, and quit for DeFi.
More...
 
AbbotAle said:
You might want to roll those dice, Dice, as you're almost certainity going to be on the outside looking in.

Stable coin volume for example has just exploded, powering all sorts of innovative things. They facilitated a whopping $1 trillion in transaction volume in the first quarter, more than the previous four quarters combined. And yet the bears tell us crypto can't be used for anything apart from buying drugs.

Or to put it another way, if you take a 55 year old retail banking executive (working in head office), sit him down for 1-2 days and explain DeFi, what's going on, how it's being done, the shear amount of high level programming going on etc, that banker would probably have to sit in a dark room for several hours.

If the retail banker was under 40 and didn't know too much about DeFi, he'd work out within about 20 mins that he was in the right industry, but wrong sector, and quit for DeFi.
More...
In Arthur's article I particularly like the section where he points out how blockchain transparency coupled with the automation of programmable finance basically antiquates the $100B legacy auditing sector.

And that's just one sector. Programmable financial primitives (i.e. the internet of money) eliminates vast amounts of middlemen and legacy overhead while make financial services more accessible for everyone on the planet. Today the decentralized finance sector are mainly trailblazers, but once many of the legacy institutions start to see the writing on the wall I expect to see many of them bridge their business into the decentralized finance sector. In the future it may not just be the Aave's, Maker's, and Synethtix's of the world but it may include the likes of Visa, JPMorgan, etc.
 
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Could you walk us through one concrete example to illustrate how the efficiency gains play out? Just one example, step by step. I think it would he an awesome addition to this discussion.

krugman25 said:
In Arthur's article I particularly like the section where he points out how blockchain transparency coupled with the automation of programmable finance basically antiquates the $100B legacy auditing sector.

And that's just one sector. Programmable financial primitives (i.e. the internet of money) eliminates vast amounts of middlemen and legacy overhead while make financial services more accessible for everyone on the planet. Today the decentralized finance sector are mainly trailblazers, but once many of the legacy institutions start to see the writing on the wall I expect to see many of them bridge their business into the decentralized finance sector. In the future it may not just be the Aave's, Maker's, and Synethtix's of the world but it may include the likes of Visa, JPMorgan, etc.
More...
 
DiceAreCast said:
Could you walk us through one concrete example to illustrate how the efficiency gains play out? Just one example, step by step. I think it would he an awesome addition to this discussion.
More...
I don't talk to pukes like you. Ignored and blocked.
 
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