/biz/ - Business & Finance

>>17747314
where's the MKR debt auction? I thought it was automatic?

>>17747314
Imagine buying something where ONE person, Rune Christensen, controls most of the supply and almost 90% is held by 100 wallets. Fucking shitcoin

>>17747542
It wouldn't be a problem if maker didn't have admin backdoors for every single component, but when rune pretends he can't backdoor the whole thing that's what makes me worried.
Single Collateral Dai without MKR, when??

>>17747540
>>17747542
Who cares? It’s still oversold af and still going to pump back to $700 minimum

>>17747943
I think I'll buy after the debt auction. If it's not automatic, then let rune auction it at the bottom for us.

>>17747943
>Who cares
This type of utter dumping 50% in one go that you see happens on complete and utter centralized shitcoins where the supply is completely owned by a handful of people. The only reason the price is so high is only a fraction is in circulation with dumb plebs like yourself. Plus the other founder faggot posted on Plebbit that he donated a ton to some university that is now free to dump this crap. I mean why else would they hold this useless piece of shit?

>>17747314
DEFI meme lol

>>17748187
it's not useless, the cashflow is about $5M per year currently. At 1B DAI it could easily be $50M.
I think it's still overvalued, it should be valued at about $50M given the risk

>>17749207
They literally tried to trademark “defi” rofl
>>17749358
Nice so at this rate it will only take about 10 months to pay down the bad debt from today’s little incident, so if $50m annual revenue is worth $50m then how much is $0 revenue for 10 months worth

>>17749598
mkr holders are the guilty party here, they are supposed to look after the system and run things like liquidation bots. They didn't, so now they pay.
It's a dao, not a passive income token.

Yes, it's overvalued, but I already wrote that

Will screenshot and post this in one month for clout

>>17750267
I'm not saying you're wrong that it will recover, but this clearly isn't the bottom

>>17750267
Maker is about to be shutdown and go to ZERO scamming faggot.
https://www.coindesk.com/defi-leader-makerdao-weighs-emergency-shutdown-following-eth-price-drop

>>17750327
Good insight anon. It might not be. Do you think we see $150?

MKR? Where we're going, we don't need MKR.

>>17750886
$20-50, depends how decisively rune acts with his unilateral voting power to handle the bad debt and interest rates. With great power comes great responsibility. The people know he can act so they will blame him if he doesn't. Stop pretending it's decentralized, that ship sailed a long time ago.

>>17751073
>$20-50

Lmao you lost me there anon. This won’t reach below $200 screenshot this

>>17750948
Yes we do anon it’s the De-FI standard

>>17747314
did you hear about the 4-8million in collateral sold for $0 during the drop? lol.

>>17751438
That has to be covered with a debt auction which inflates MKR. OP is trying to pump the price so they can inflate as little as possible.

>>17747314
Someone can and will make the same thing but without the governance token, where interest rates are determined algorithmically

>>17751438
>He fell for the FUD and got shaken out

Ngmi queer

>>17751714
i dont hold any mkr, just have a cdp. wouldnt be surprised if the whole system crumbles by the end of the week, but im too numb to care

Sold all my MKR for LEND

>>17752456
Same