Search results

new ways of enforcing commerical rules has political significance outside itself

no, don't agree here. medium is the message etc etc

I don't have a well thought out response-i think your concerns are warranted and I struggle with them myself. (if im picking up correctly what your saying). i still think that it won't be merely "captured", web2 was captured but those political ideals have not been totally lost.

don't say evil things

now the discussion is getting interesting

i have sympathy for this view- the powers that b can make the dream impossible. stranger things have happened tho. i mean we literally have socialist states inspired by a two guys writings you've confused me here. in what sense is the politicla the operational

yes. i see your point now, so are your objections fundamentally political? the way the financial system is constructed a by product of political considerations yes, but 1) they are bad ones 2) the construction is unsustainable and more fragile.

liquidity comes from those looking to make a profit, i.e like mm in trad markets.

wdym, ofc it does. also what is political and a social construction

yes! but the point is that if you cant make the full stack have the same desirable properties then whats the point?

no less then X, all loans are over collaterized. so realistically it will be three quarters to a half of X. if your asset loses value you lose your asset. the real scammy part is that if you don't liquidated you made your asset liquid without selling. but rich people with stocks do the same...

yes, a big issue which can only be done once crypto is supported by pos systems. this is a WIP see stuff like solana pay for payments via stables.

i think they were referring to holder of dai

yes, stablecoins are incredibly liquid and can be redeemed for "real" dollars or spent directly on the network.

this is really an exception. normally they only accept native crypto as collateral because then risk assessment can be done progmatically but yeah. See: https://dune.xyz/hagaetc/maker-dao---mcd

yes this is where IoT fits in.

The MakerDAO issues a set amount of stablecoins, (DAI) to the bank each of which is worth a dollar. The DAO has a tokenized bond backed by real estate collateral. The bank has stablecoins which it can spend. Its liabilities are the loan given by the DAO. the asset its bond. vise versa for the...

oh alright then. I detest real estate and mortgages so lets do something like a farm. Here is what we need: some way to reliably establish cashflows of farm some way to reliably valuate the assets of a farmer If we want to do it completely programmatically, an algorithm checks the public db to...

Sorry yeah. MakerDAO provides loans on collateral. Usually users use native crypto assets, e.g eth/btc and borrow against that. recently a french company in possession of some tokenized bonds used the tokenized bonds as collateral to borrow from the protocol. The tokenized bonds are collaterized...

its quite a difficult problem. The problem is the "stack" is so different between the two different regimes that you have to do hacky opaque stuff in order to go from to the other.