Nikolai Mushegian presents on Maker (https://makerdao.com/), a contract system which creates and maintains the Dai Stablecoin

[crypto_coiner]

[cryptog]

Any thing we can steal for NuBits

[Nagalim]

Im very interested in how they manage the price feed for the peg to sdr.

[Cybnate]

It appears to me that they automate or in their language ‘contract’ a lot of things we still do manually. Not that it is a bad thing in these early days of discovery and learning how to hold a peg but we need to find a way to be able to automate too when the rules are becoming more clear, which I think we are nearing. Lacking automation will get in the way of scaling up or balloon costs.

Re SDR datafeed, maybe we need to build a crowd sourcing datafeed where a number of people are incentivized to vote for the actual feed values every day after the official feed is updated.

Or just skim this page: https://www.imf.org/external/np/fin/data/rms_five.aspx. They also publish a rates file which can be used to source a feed.

[CoinHoarder]

Not that it is a bad thing in these early days of discovery and learning how to hold a peg but we need to find a way to be able to automate too when the rules are becoming more clear, which I think we are nearing. Lacking automation will get in the way of scaling up or balloon costs.

I agree. As a casual observer and small investor, it seems that it takes a lot of hard work from a lot of people to keep Nubits/Nushares running. As much of it should be automated as possible to keep expenses down and increase the likelihood that the peg will be held for as long as possible- even perhaps when some have given up. When a cryptocurrency enters a long downturn in value, it can be hard to find people willing to work for its success. I see automating as many of the procedures as possible as preparing for such a situation (in case it ever occurs).

[masterOfDisaster]

I highly recommend to read the linked article in this post:

[Draft] FLOT and T4+6 - masterOfDisaster edition

Oh, I've found another very interesting article, which explains why we should start to work on the topic I created this post for: Only after we've started to create a rule set, we can start automating parts of it!

[crypto_coiner]

Response to criticism against Dai stability on the Ether Review • r/ethereum

[crypto_coiner]

MakerDao - what to Make of it • r/ethereum

[Nagalim]

Please be aware of community guidelines when following links to voting-moderated communities.

[crypto_coiner]

How Maker disrupts financial services

[crypto_coiner]

On the DAI, in chinese
http://daibond.info/