What are /r/MakerDAO's favorite Products & Services?

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Are you sure? I think you traded it on bitfinex for 1.004 USD per 1 DAI. 1.004 USD on bitfinex is 0.9833 USDT.

https://cryptowat.ch/markets/bitfinex/dai/usd

https://cryptowat.ch/markets/bitfinex/usdt/usd

How many DAI were sold for $0.70 and how long did that last?

I doubt it lasted longer than a couple of hours. It's pretty much giving free money to CDP holders.

Do you consider Bitfinex to be a "popular" exchange? https://www.bitfinex.com/order_book/daiusd they offer DAI/USD trading (and they're closely affiliated with Tether) and guess what... DAI has remained stable.

Regarding the segment on declarative devops, are folks working on this familiar with the Nix package manager? I don't know how relevant it is to your needs, but I thought it might be worth giving it a quick mention along with the accompanying deployment tool NixOps.

(The Haskell community in particular makes great use of nix, nixops and nix-shell. I tend to think that the foundation is a bit more principled compared to other approaches, although the UX could use some work.)

Done, but I still don't feel much better. I just feel like it's Global Settlement and wishy washy politics still... my concerns in the OP remain the same.

Interesting find! I assume you've already had a look at the "deflation paper": https://steemit.com/makerdao/@kennyrowe/digital-money-a-simulation-of-the-deflation-rate-adjustment-mechanism-of-the-dai-stablecoin

Thanks, Rune!

If you don't mind, I've posted the tutorial to steemit: https://steemit.com/stablecoin/@futurenewsplz/picture-guide-how-to-use-mist-and-maker-market-to-buy-mkr-with-eth-credit-to-rune

https://www.fool.com/taxes/wash-sales-and-worthless-stock.aspx

Read this and research the tax laws in your country before doing this. Likely not worth it considering the waiting period based on what you are describing.

I checked it out and was able to get in using metamask. How would I view the price chart and total market cap of MKR? I'm guessing that this is inaccurate since Oasis Dex isn't connected to the normal web. https://coinmarketcap.com/assets/maker/#charts

I understand your concerns but I think maybe that horse already left the barn on that one. The most popular ways to get node onto your machine is through the same mechanism. i.e. This is how the nodejs maintainers want you to do it:

curl "https://nodejs.org/dist/latest/node-${VERSION:-$(wget -qO- https://nodejs.org/dist/latest/ | sed -nE 's|.*>node-(.*)\.pkg</a>.*|\1|p')}.pkg" > "$HOME/Downloads/node-latest.pkg" && sudo installer -store -pkg "$HOME/Downloads/node-latest.pkg" -target "/"

A docker container is a good option, but if the goal is to lower the barrier to entry I'm not sure the instructions to get docker running and updated is going to be much easier than a bash script. It's a great option for people already comfortable with containerization.

I'm inclined to think the most elegant solution is simply wrapping the thing in Electron and offer some cross platform downloads. I'm not a dev so there might be some issues with the MM dependency.

Ok how do you explain this then: https://blockchair.com/bitcoin/address/1P9RQEr2XeE3PEb44ZE35sfZRRW1JHU8qx

Total received 43,163,411.91531784 BTC / 197,419,689,324.66 USD

Says it right there on the site.

Another way to put it, is the No Loss Lottery is the ethical version of 'FOMO3D' where if you do not win the jackpot, you at least win your ticket entry fee back.

>As an advertiser, say I’m willing to spend $1 for every 100 views.

that the issue: who gets to decide that the price of each view is 1 cent? you didn't think this through.

>Whoops, the token dropped 50% in value in 2 hours, now I have to calculate twice as much token to buy to pay for what I want.

advertiser pays brave in $, they do the conversion to bat and advertiser gets the impressions, simple. https://brave.com/transparency/

>Least of all does anyone want to hold the damn token, because all they care about is they get what they’re owed in a stable currency.

speculation is a part of every market! there is no escaping that. brave can't use a stablecoin to determine value of user attention!!! using a usd-pegged, fiat-backed stablecoin means brave has no control over tokenomics within its own ecosystem and is exposing itself to all sorts of risks. what happens if the bank holding the fiat that is backing the stablecoin becomes insolvent in a financial crisis? what then?

should i keep going?

>So please elaborate how injecting a volatile token into these arrangements helps anyone besides moonboy speculators and brave’s fundraising?

without fundraising there is no brave browser, or its ecosystem. do you have any idea how much money it takes to build up a brand like brave and to produce a polished product that can actually compete in the market with google, facebook, twitter, firefox, microsoft and google ads? huh, do you?

who is going to pay for the all the development costs if brave didn't do an ICO? are you suggesting they put up a gofundme page?

i think brendan eich, the inventor of javascript and a co-founder of netscape, knows a thing or two about browsers and the advertising industry.

>The ones listed on exchanges have limited volume and have just been added recently so not enough history.

fair point, there isn't much history there but what we can see, it is parabolic

https://cryptowat.ch/markets/bitfinex/mkr/eth/1w

We will probably see 1.5eth/mkr if ETH goes on a massive run

the use of oracles which are from an outside source of the blockchain is a tricky problem to solve. its mostly delt with dependent on what you are consuming.

as for Dai bans, you can have an exchange not accept dai as a fiat gateway, usually these require KYC.

but as long as there is some fiat outlet there is no reason why you cant swap out dai for anything non erc-20. if you use https://changenow.io/ you can get reasonable spreads on common pairs, no kyc.

however it does depend on what the future holds for regulation on fiat on/off ramps.

Hello! We implemented the KYC policy 2 years ago in order to stay compliant with AML regulations. Before making a transaction, a customer has to accept our ToS with AML/KYC guidelines, otherwise, the exchange won't be performed. If the transaction is marked suspicious by our risk management system, it is halted until the client passes our verification.
Also, we'd like to pay your attention to the fact that only 0,1% of all transactions processed on Changelly might be subjected to verification.

Check ETHUSD pair on tradingview.com 1 hour time window candle stick or post your liquidation price here for others to determine, if you want to avoid posting CDP number due to privacy concern. CDP and vaults are high maintenance items like a Bugatti. 1 year in crypto = 100 years in traditional finance/payment/banking.

If the system cannot function with mkr holders being greedy, the system design is not good enough. So, mkr holders, be greedy as much as possible. Ofc, peg should be maintained withing very narrow band, centered at 1$.

I guess mkr holders very not greedy enough and are only now realizing it.

https://alternative.me/crypto/fear-and-greed-index/

Market is still (too?) optimistic. Interest hikes should continue week by week. I expect another 2 or 3 percent hike next week.

USD.DC (the pegged token from Decentralized Capital) won't be used for leveraging, since its value (measured in terms of SDR) is not expected to appreciate in any meaningful way. By locking USD.DC as collateral, you'd be just paying fees to Maker and losing a bit of liquidity (because the collateral requirement for this CDP would also be greater than 100%, naturally), so this operation is apparently pointless.

But there is an interesting use case for USD.DC as collateral: pure arbitrage.

As explained in the Deflation Paper:

> If the market price is higher than the target price, Dai borrowers get more value out of a CDP than usual, both because what they are getting out of the CDP (Dai at a higher market price) is worth more than what they’re expected to return later to close the CDP (Dai at the target price in the future); and because collateral requirements are calculated based on the target price of the Dai, so in practice they would be posting less collateral than if the market price was the same as the target price.

And vice-versa: if Dai market price is below target, you should buy it and close your USD.DC CDP.

So my conclusion is:

When compared to other CDPs (the ones based on volatile collateral), USD-pegged tokens like USD.DC should give MKR stakeholders interesting insights regarding what drives the most demand for opening CDPs: leveraging or arbitraging. These tokens will also help us measure traders' sensitivity to parameters like collateral requirements and stability fees, since the decision to open or close a CDP of this kind would be devoid of judgement regarding the risk/opportunity of leveraging.

As someone who lost 100+ ETH to a 0 bidder during Black Thursday, the issue of compensation matters a lot to me. If any of you care about the viability of MakerDAO's governance model, I implore you to take a look and provide constructive feedback for a fair polling.

Actual draft text: https://hackmd.io/T0-pu614QgSNIrj8nbgV5Q

Comment here: https://forum.makerdao.com/t/on-chain-vault-compensation-poll-draft/1822

Check out Metacash, it's a gasless DAI wallet. Which means that your friend won't need Ether to send their DAI!
It's only available on Android at the moment: https://play.google.com/store/apps/details?id=com.lamarkaz.metacash

>Status android app

https://play.google.com/store/apps/details?id=im.status.ethereum&hl=en

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This one?

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Is that basically a dapp browser for android?