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  1. vimothy

    The Metaverse

    yes
  2. vimothy

    The Metaverse

    no it does not
  3. vimothy

    The Metaverse

    it literally does not matter
  4. vimothy

    The Metaverse

    you can't step outside the financial system, it isn't a property of the tech involved
  5. vimothy

    The Metaverse

    well ...
  6. vimothy

    The Metaverse

    a "social construction"
  7. vimothy

    The Metaverse

    it's political
  8. vimothy

    The Metaverse

    it will never be "programatical"
  9. vimothy

    The Metaverse

    liquidity has to come from somewhere
  10. vimothy

    The Metaverse

    it's prior to any considerations like security
  11. vimothy

    The Metaverse

    you can't avoid this
  12. vimothy

    The Metaverse

    but that's literally the point of banks, the only diff is (for now) they dont accept your crypto asset as collateral
  13. vimothy

    The Metaverse

    my bank prbs does teh same anyway
  14. vimothy

    The Metaverse

    thats a detail thp
  15. vimothy

    The Metaverse

    basic story is: I have crypto asset worth X. I go to stable coin issuer. borrow X in stable coin. they have matching X assets and liabilities. I cash out to tune of X. I now have X dollars. Yeah?
  16. vimothy

    The Metaverse

    yes but at some point they must interface with "the real world"
  17. vimothy

    The Metaverse

    but they must be able to do something with these token
  18. vimothy

    The Metaverse

    so essentially you are a fund who takes in dollars, makes investments and issues liabilities ...
  19. vimothy

    The Metaverse

    can you explain it in terms of balance sheets. who's got what.
  20. vimothy

    The Metaverse

    so MakerDAO has the asset. they issue what, tokens? which the borrower can redeem everywhere?
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