►
From YouTube: MakerDAO Community Meeting Dec 11, 2018
Description
Awesome-MakerDAO: https://github.com/makerdao/awesome-makerdao/blob/master/README.md
CDP Portal: https://cdp.makerdao.com/
Website: https://makerdao.com
Twitter: https://twitter.com/makerdao
Reddit: https://www.reddit.com/r/MakerDAO/
Chat: https://chat.makerdao.com/home
Email: info@makerdao.com
A
Well,
everyone
and
welcome
to
our
Tuesday
December
11th
edition
of
our
community
call.
My
name
is
Richard
Brown.
My
title
is
thank
the
head
of
core
community
development.
That's
what
it
is
usually
I
actually
not
usually
use.
The
recently
David
you
drove
in
has
been
handling
these
meetings,
but
it's
his
birthday
today,
so
happy
birthday,
David
so,
and
you're
gonna
also
gonna
have
to
forgive
me
if
I'm
a
little
rusty
any
further
ado.
Let's
kick
it
off.
A
So
usually
what
we
start
off
with
is
give
a
little
recap
of
what's
been
happening
in
the
online
world
with
maker
down,
and
this
week,
like
most
weeks,
has
been
fairly
eventful,
but
nothing
too
earth-shattering.
We
had
some
interesting
development
from
the
community,
which
is
always
nice
to
see.
There
was
a
new
maker
tools.
Version
went
out
with
a
lot
of
additional
features.
I
highly
recommend
people
to
check
that
out.
If
you're
interested
in
the
ecosystem
at
all
mike
has
done
a
great
job.
Mike
McDonald
has
done
a
great
job.
A
Working
on
that
tool
for
us
provides
a
lot
of
deep
insight
into
the
ecosystem
and
and
more
insight
is
coming
and
is
eventually
something
that
we
can
talk
about
with
Madison
in
a
few
minutes,
because
this
is
sort
of
her
wheelhouse
but
I'll
introduce
her
later.
Another
amazing
thing:
that's
happened
well,
amazing,
depending
how
nerdy
or
how
financially
inclined
you
are
amazing
thing
has
happened.
Is
steven
has
released
the
part
three
of
the
governance
risk
framework?
A
This
is
sort
of
the
final
piece
of
the
puzzle,
so,
if
you're
interested
in
how
Mikoto
views
governance,
how
it
views
assessing
risk,
how
it
evaluates
new
collateral
types,
this
series
of
documents
is
a
must
read
and
it's
a
great
way
to
get
up
to
speed
on
what
we're
all
thinking.
If
you're
interested
in
joining
our
Thursday
calls
where
we
focus
on
governance,
specifically.
A
It's
been
a
few
interesting
articles
as
well
and
some
nice
partnerships,
one
of
the
things
of
interest
recently
for
at
least
maker
Watchers
is
the
interplay
between
compound
finance
and
and
maker
Dow,
and
there's
been
some
interesting
things
happening
there.
Compound
for
people
that
aren't
aware
is
is
sort
of
like.
Maybe
they
won't
appreciate
this
analogy,
but
I'll
do
it
anyways
they're,
so
like
maker
dad
without
to
die.
So
it's
the
same
general
principle.
You
can
use
state
collateral.
People
borrow
that
collateral
and
then
people
can
earn
interest
on
it.
A
There
has
been
fluctuating
around
ten
fifteen
percent
return
for
lenders
and
there's
a
lot
of
questions
about
how
could
that
possibly
be
the
case
and
who's
behind
it,
and
we
saw
an
interesting
development
in
the
decentralized
finance
space
where
people
discovered
that
you
can
do
something
called
whale-watching
now
or
defy
watching
where
you
can
actually
start
following
the
blockchain.
Take
a
look
at
a
block
explore
and
try
and
narrow
down
exactly
who's
doing
what
and
try
and
figure
out.
Why?
A
Which
is
a
really
interesting
thing,
and
there's
this
great
article
in
medium,
which
I
will
copy
and
paste
the
link
right
now,
which
did
some
digging
into
that's
a
really
attractive,
radon
compound
to
try
and
figure
out
why
it
is,
and
it's
all
sort
of
speculation
at
this
point.
But
it
seems
like
there
is
one
person
who
is
really
interested
in
rep,
potentially
trying
to
save
a
position
somewhere
in
their
CDP.
A
It's
worth
a
look
if
you
want
to
get
a
sense
of
how
crypto
primitives
are
getting
sort
of
mixed
together
and
the
way
that
that
impacts
the
market.
We've
also
had
a
community
member
generates
a
new
dieeee
explainer
website
for
us,
which
was
always
nice
to
see
because
getting
content
generated
is
always
tough
call.
So
we
love
to
see
it
when
the
community
jumps
in
and
helps
out.
Another
an
online
event
of
interest
is
that
maker
Dow
has
now
officially
become
one
of
the
real
ayers
in
the
POA
network.
A
We're
all
big
fans
of
what
they're
doing
over
there,
or
especially
big
fans
of
the
X,
die
sidechain
or
parallel
chain
for
anybody
who's
not
familiar
with
what
that
is
actually
I'm,
not
sure
I'm
qualified
to
explain
what
POA
networks
is
all
about,
but
in
a
nutshell,
peeling
networks.
They
release
parallel
chains
that
are
feature
that
feature
parity
with
etherium
and
that's,
but
their
consensus
mechanism
is
distributive
proof
of
authority,
so
validators
are
signing
blocks,
which
there's
a
philosophical
debate
to
be
had
whether
that's
less
decentralized
or
more
I'm
not
qualified
to
make
that
determination.
A
But
at
the
end
of
the
day,
what
that
allows
people
to
do
is
transfer
X,
died
or
Die
token
on
their
network
with
five-second
block
times
and
microscopic
transaction
fees.
So,
if
you're
interested
in
using
dye
as
a
settlement
layer
or
to
just
do
transactions,
it's
a
really
great
option
and
we
are
happy
to
join
in
and
do
our
part
as
a
validating
sample.
That
was
interesting
from
my
perspective
on
Park
human-loving.
A
This
actually
won't
get
into
Mariano's
burning
question
yet
unless
he
shows
up
because
it's
a
tough
one-
and
it's
not
fair
for
him-
to
ask
tough
questions
not
being
here
to
field
some
of
you
follow
from
that.
What
I'm
gonna
do
now
is
I'm,
going
to
turn
it
over
to
lenka.
Surprise
Lincoln.
So
if
you
want
to
tell
us
a
bit
about
what's
been
happening
in
your
world,
I
think
there's
a
lot
of
cool
stuff.
A
B
Hi
everyone
I
have
been
last
week,
together
with
our
CEO
and
co-founder
hoon,
and
our
and
my
pistol
colleague
for
Europe
in
Helsinki
for
slash
slash,
is
actually
quite
a
big
event.
This
was
my
first
year.
It's
mostly
focused
on
startups,
and
this
year
they
have
been
20,000
people,
so
just
imagine
how
big
it
was.
B
I
have
been
there
for
three
days.
There
were
some
side
events
just
like
around
that
corner
being
like
prog
rock
between
week
events.
Well,
this
was
like
a
startup
focused,
but
I
must
say
that
they
had
quite
the
nice
program
when
it
comes
to
crypto
and
blockchain
tracks.
And
yes,
we
have
been
participating
in
five
different
occasions
and
the
first
day
of
/
December
4th
has
been
really
busy
for
own,
especially
because
he's
been
on
one
of
the
main
stages
in
panel
discussing
the
implications
of
crypto
finance,
together
with
with
Lily
knew.
B
She
is
a
co-founder
of
iron,
calm
and
and
suna
amorous
she's
she's
from
Tolkien
daily,
and
then
there
was
one
more
guy
I'm.
Sorry
I
forgot
his
name,
but
again,
very
a
very
nice
panel,
very
interesting
conversations
in
the
evening.
There
has
been
a
similar,
similar
grouping
of
the
crypto
experts
discussing
financial
inclusion
and
privacy.
This
was
Krypton
live
event
where
you
think
of
you,
skim,
300
people
out
of
20,000
who
are
really
Coralie
interested
into
Krypton
doctrine,
and
it's
been
a
full
of
really
engaging
conversations.
B
We've
given
a
couple
pitches
me
and
Gustav
one
each
and
then
there
was
like
some
private
event
that
moon
also
spoke
at
all.
You
know.
The
impression
was
that
we
met
with
two
kinds
of
people.
First
group
were
the
people
who
actually
like,
are
familiar
with
maker
and
actually
are
knowledgeable
or
they
had
CDP's
or
had
some
more
specific
things
to
discuss,
and
then
we
met
with
people
who
never
heard
of
maker,
because
this
audience
was
startup
audience.
B
So
it
was
really
like
I
open
it
for
creating
some
connections
and
potential
partnerships,
and
we
had
some
really
good.
Some
really
good
meetings
as
well,
so
I'm
really
excited
to
see
what
comes
out
of
it,
and
we
also
discussed
that
the
next
year
we
would
like
to
be
more
integrated
into
creating
a
really
strong
program
for
for
the
local
Nordic
start
of
blockchain
and
crypto
startups
to
be
more
involved,
so
I'm
really
looking
forward
to
the
next
year.
So
that
was
basically
my
week
last
week
and
it's
been
really
great
sounds.
A
Like
you're,
pretty
busy
you,
whatever
I
I'm
interested
in
sort
of
the
distinction
between
the
traditionals,
let's
startup
community
and
the
crypto
community,
did
you
find
that
there
was
communication
barriers
or
was
this
business
started
community
interested
in
crypto
in
general?
Or
what
was
your
impression
I
believe.
B
So
because,
still
if
you
think
of
startup
events,
AI
and
blockchain
they're,
still
very
you
know
hot
topics
when
it
comes
to
that
it's
just
a
matter
of
these
biggest
people
actually
are
familiar
with
crypto
or
if
they
are
familiar
with
the
stable
current
concept.
So
that's
kind
of
the
level
you
build
on.
A
Think
that
sometimes
there's
there's
skepticism
or
at
least
I've
found
skepticism
and
iterative.
It's
weird
saying
traditional
startup
world,
because
startup
used
to
be
the
new
thing,
but
and
I
think
that
we
could
kind
of
Eclipse
that
with
crypto,
so
startup
world
is
kind
of
the
legacy
world.
At
this
point,
but
I've
noticed
that
there's
occasionally
skepticism
when
it
comes
to
blockchain
in
that
community
and.
B
Also,
like
I,
don't
want
to
say,
like
all
the
audience
at
this
event
have
been
relevant
to
us,
so
we
also
had
to
be
kind
of
picky.
So
in
that
sense
it
was
nice
to
run
into
very,
like
diluted,
pool
of
potential
like
interesting
conversations
and
also
being
at
the
event
that
actually
was
like
focused
on
the
other
topic.
So
it
was
really
nice
to
do
this
variety
you
know
interact
with
the
from
audiences,
like
one
of
the
event
where
I
was
pitching
was
actually
focusing
on
the
FinTech
companies
in
the
Nordics.
B
B
No
actually
it's
it's
been
bit
hectic.
I
just
came
to
my
hotel
and
realized
that
we
had
some
misunderstanding
and
I'm
supposed
to
be
in
there
and
just
talk
for
two
minutes,
but
still
it
was
really
funny
because
right
after
was,
there
are
some
people
we
need
to
talk.
I
know
maker
I
had
CDP,
so
I
was
really
like.
It
was
really
cool
to
actually
like
get
some
people
out
of
those
crowds
that
actually
like
new
maker
and
then
the
of
course.
There
were
some
people
who
were
just
curious
to
learn
more.
A
B
Then
I
must
give
credit
to
Tarun.
He
did
really
well
and
I
think
it
almost
felt
like
we
have
been
dominating
the
agenda
there.
There
have
been
I
think
I
heard
that
the
Dina
Gupta
had,
like
maybe
five
different
participations:
okay,
okay,
but
still
it's
been
like
it
just
felt
like
ruin
everywhere,
yeah,
just
really
good.
In.
B
C
A
C
You
hear
me
well,
guy,
okay,
yeah
I
was
11,
come
in
Chile
until
the
chili,
and
it
was
my
first
year.
Lobbies
come,
and
it
was
also
the
first
year
that
become
aa
becomes
and
I,
starting
to
showcase
a
project
from
another
blockchain
right
is
widely
known
in
Latin,
America
is
a
Bitcoin
conference,
and
this
was
one
of
the
first
years
to
start
talking.
C
Her
example
of
doing
projects
right
and
and
there
I
had
a
a
talk
like
a
keynotes,
and
it
was
like
a
a
mix
of
a
am
beatstock
adept,
come
with
a
video
history
of
money
and
also
the
differences
between
centralized
and
decentralized
stable
coins,
and
why,
obviously,
that
is
better
and
the
good
thing
about
it.
This,
although
they
were
a
lot
of
let's
say
because
maximalist
unleashing
on
the
audience,
and
they
really
they
really
love
the
concept
of
the
user
being
able
to
to
mint
right
having
some
collateral
on
the
on
the
platform.
C
In
that
case,
is
they
were
very
interesting
on
this,
because
this
is
like
a
a
certain
degree
of
decentralization
right
and,
besides
all
the
usual
things
that
is
become
axiomatic,
say
about
human
right.
Oh,
what's
are
really
interesting.
Talk
and
I
was
approached
it
after
that
by
a
lot
somewhere,
attendees
and
and
and
they
are
really
interested
to
see
Bitcoin
as
a
potential
collateral
for
for
city
bees.
They
are
really
really
interested.
C
C
Bitcoins
are
like
a
good
collateral
for
the
for
the
city
piece,
although
we
know
that
we
need
to
look
for
the
vehicle
relation
is
the
word
or
like
a
to
know
being
correlated
to
to
the
crypto
environment,
and
we
know
that
mostly
all
prices
are
correlated
to
victory,
but
yeah
that
was
the
target,
was
really
really
good.
We
have
also
took
off
from
C
cash
explaining
a
lot
about
privacy
in
even
coins,
and
yes,
it
was
was
a
nice
trip
and
mostly
the
the
whole
week
was
about
that
and
meeting
the
partners
right.
Mm-Hmm.
C
They
are
promoting
like
a
big
movement
in
Venezuela,
with
this
Venezuela
initiative.
They
have
a
patents
there.
They
are
working
with
Alejandro
Machado
for
open
money,
initiative
and
I.
Guess
that
at
some
point
this
Shin
Carson
I,
guess
the
name
also
from
Twitter
I,
know
her
and
she's
working
and
side
by
side
with
with
suka
on
the
Australian
nation.
It's
true
that
they
are
like
a
whole
bunch
of
different
projects
working
towards
this
and
objective,
to
bring
well
some
help
like.
A
C
I
know
with
I
mean
without
at
least
with
a
powerful
project
like
this.
They
have
this
like
this
eatos
right
and
they,
which
we
live,
that
the
you
need
to
help
people
or
or
need
to
help
Venezuela
from
the
inside
and
not
from
the
outside.
Okay.
What
is
that
I
mean
they
want
to
to
give
people
and
the
script?
C
They
think
that
if
people
start
transacting,
food
versus
other
things
and
people
will
start
realizing
that
they
they
have
the
power
right,
and
that
is
like
the
main
objective
to
to
help
people
to
know
that
they
have
the
power
right
and
we
have
in
this
a
completely
taken
bank
system.
I
mean
you
can't
send
money
in
to
Venezuela
without
having
some
ridiculous
exchange
rate
and
in
this
abundance
for
for
the
people.
So
mostly
it's
crypto
or
probably
something
called
I.
C
Think
it's
called
what
voilá
banking,
or
something
like
that
in
which
something
receives
like
an
acid
from
one
side
and
they
are
doing
internal
transactions
in
the
bank
system.
So
it's
all.
It's
all
like
a
very
dystopia
like
a
dystopian
picture
of
world
and
the
sad
thing
about
about
that.
It's,
for
example,
I,
didn't
know
that
Venezuela
is
the
country
with
the
highest
oil
reserve
in
the
whole
world.
I
didn't
know
that
I
have
to
shake
it.
A
C
C
C
C
A
Right
so,
let's
keep
on
moving
then
I'm
not
seeing
anybody
else
from
community
in
here.
So
maybe
I
will
give
a
super
high-level
overview
of
things.
They
don't
understand,
as
I
read
them
from
a
document
that
I
did
not
write
so
ciao
in
APAC
region
had
a
Shanghai
meetup
on
December,
2nd
with
status
and
khyber
Beijing
meetup
on
December
3rd
emissions
and
meetup
on
December
4th.
Maybe
we'll
get
details
about
that
next
week
and.
B
A
B
A
Yeah
there
goes
this
more
research
to
figure.
What
that's
a
little
bit
andrew
has
a
suggestion
to
have
an
uncomfortable
conversation
later,
maybe
we'll
get
to
that.
I
do.
Has
some
updates
I
know
he's
killing
it
in
Korea,
we've
been
avoiding
South
Korea
for
too
long
and
he's
sort
of
making
up
the
lost
time,
but
I'm
not
gonna,
steal
his
thunder.
Actually,
so
we'll
wait
for
him
to
join
next
week
else's.
They
give
us
an
update.
A
There
was
a
lot
of
things
happening
in
East,
Singapore,
Singapore
and
I'm.
Sure
there's
going
to
be
a
blog
post
to
you
about
those
I'm,
not
gonna,
go
into
that
either.
We
do
have
a
special
guest
today,
though,
that
I'd
like
to
get
to
before
the
Argos
too
long,
Madison
Madison
piercing.
Am
I
pronouncing
that
correctly?
Yes,.
D
B
Previously
I
worked
Tesla
Facebook
Blackrock
most
recently,
and
there
I
was
building
out
systems
to
basically
track
where
people
were
spending
their
money
to
try
to
be
to
consumer
index,
obviously
for
them
to
trade
on
and
so
at
maker.
I'm,
going
to
help
with
deeper
data
science
initiative
so
really
understand.
What's
going
on,
network
lies
how
to
make
ensure
governance
is
the
best
considering
what's
going
on
in
our
ecosystem.
So
that's
why
I
was
probably
I,
probably.
A
Gonna
have
too
many
questions
because
I
don't
know
anything
about
how
those
things
work,
they're
like
how
your
job
would
work
and
I
guess
you're
brand
new.
So
it's
probably
not
going
to
be
fair
to
ask
you
a
bunch
of
details
about
how
you
gonna
do
all
this
stuff.
But,
okay,
how
do
you
even
begin
to
figure
out
what's
going
on
in
the
ecosystem
in
general,
but
I
guess
the
maker
Dow?
B
I
think
yeah,
so
I,
don't
I
mean
not
the
whole
into
any
dataset
right
because
anytime,
you
build
a
model
right.
If
you,
the
data
that
you
put
in
then
you're
living
and
not
simulated
environment
right.
So,
if
we're
only
looking
at
exchange
data,
then
you
know
we're
really
not
understanding
any
external
effects
and
that's
to
say
that,
like
you
know,
other
social
or
financial
right,
the
stocks
aren't
correlated
but
does
Twitter
have
effect
like
there's
a
lot
of
other
things
that
would
push
exchange
to
act
in
a
certain
way.
B
Location
could
also
be
one
so
know
right
now:
I've
just
kind
of
been
learning
as
much
as
I
can
this
past
last
week
and
then
pulling
all
the
exchange
data
for
maker
activity
and
then
analyzing
that
but
right
now,
yeah
that's
kind
of
getting
up
to
speed
on
all
the
work
that
the
team's
done
so
far.
That's.
A
Something
that
we've
talked
about
a
bit
in
the
governance
meetings
is
how
the
risk
teams
go
about
generating
their
models
and
how
we
verify
those
well
as
a
reliable,
and
only
that
gets
into
a
conversation
of
where
they're
getting
their
data
sets
from
and
then
that
conversation
ultimately
leads
to.
None
of
the
data
sets
conceivably
in
the
crypto.
A
Of
like
the
ramp
and
wash
training
and
all
kinds
of
other
nefarious,
things
are
going
on.
So
what
it?
What
are
the
steps
to
get
a
data
set
that
makes
sense
or
the
one
that
we
trust?
Okay?
Where
would
you
go
for
something
like
that?
Do
you
prioritize
dices
over
centralized
exchanges,
or
do
you
pick
trusted
exchanges
like?
How
do
you
get
information
in
this
space.
B
A
A
B
So
I
use
Python,
panda's
library,
which
is
it's
my
Python
notebook.
So
basically
you
can
understand
what
the
data
that's
going
on
and
then
for
machine
learning
use
my
torch,
but
otherwise
it's
just
you
know:
data
thanks
process,
you
like
ETL
of
Postgres
or
I,
do
anything
like
that.
But
it's
mostly
programming
so
yeah
interesting.
A
A
A
We
be
releasing
these
models
to
the
public
or
if
we
said
that
we
have,
if
the
risk
team
came
up
with
a
proposal
to
use
token
XYZ
and
here's
the
data
set,
that
was
used
and
here's
the
reasoning.
Would
there
also
be
some
kind
of
an
executable
which
some
kind
of
environment
where
people
could
validate
those
those
assumptions.
B
B
Obviously,
that's
my
job
to
ensure,
but
yeah
I
think
that
parts
will
be
released,
but
also
data
privacy
is
really
important,
so
I
think
that's
going
to
be
something
that's
probably
discussed
when
we
decide
to
when
we're
comfortable
with
the
model
that
we've
built
or
like
the
first
model,
and
then
we'll
probably
do.
Obviously
we
would
like
to
show
parts
or
give
access
so
I
think
that's
a
discussion
we
haven't
had.
Yet,
though
it's.
A
B
I
think
maybe
that
is
the
goal
in
the
long
run
right
now,
there's
not
a
lot
of
data
science
in
crypto
right
because
it
is
such
a
new
space.
So
I
think
we're
going
to
see
how
this
goes.
I
mean
even
in
finance
when
I
there's,
actually
not
a
lot
of
data
science
going
on
there
either.
So
it's
kind
of
a
new
I
guess
field
or
for
people
in
finance,
so
I
think
that
it's
great
and
it's
super
promising.
That
makers
already
focusing
on
that,
but
yeah
yeah.
B
B
A
Young
are
this:
this
entire
environment
is
where
we're
just
sort
of
realizing
that
data
analytics
is
kind
of
a
cool
idea.
We
should
do
that
too,
or
maybe
we
should
be
like
generating
some
graphs
off
of
this
stuff
that
we're
collecting.
So
it's
that's
cool
that
we're
sort
of
at
the
forefront,
or
at
least
we're
doing
it
as
well.
So
that's
the
urgent.
Yes,.
A
B
So
Steven
is
the
one
that
I
he
is
the
one
that
actually
hired
me
so
I.
His
project
is
the
larger
project
that
I'm
working
on,
but
I
definitely
want
to
be
I.
Think
I'm
going
to
try
to
be
as
helpful
as
I
can
to
like
marketing
and
then
all
that
right,
because
it
will
just
try
to
help
any
seem
streamline
any
processing
is
that
they
currently
have
in
place
or
help
with
making
them
more
efficient
as
possible.
So
yeah
yeah.
A
A
A
C
A
C
A
A
A
A
You
fell
asleep
all
right.
Well,
maybe
it's
something
that
we
need
to
follow
up
on,
but
the
reason
why
I
find
that
this
this
I
this
question
particularly
compelling,
is
because
it
it
opens
up
new
markets
for
us
and
for
the
enough
for
us,
but
for
this
third
party
ecosystem,
where
we
can
start
thinking
about
things
like
insurance
and
thinking
about
things
like
rescue
services,
and
you
can
think
about
things
like
a
third
party
is
offering
a
wine
down
service
on
a
CDP
that
avoids
people
incurring
liquidation
penalties.
A
A
It's
huge
and
I
think
that
there's
more
interest
in
it
and
I
can't
talk
about
too
many
details,
but
through
the
granting
program,
I've
been
just
I've,
been
working
with
a
few
teams
that
have
some
very
compelling
ways
of
implementing
insurance.
So
it's
something
that
I
think
we're
going
to
see
in
the
ecosystem.
A
A
D
Curious
about
what
are
on
the
keeper
Network
or
things
like
would
be
insurance,
obviously
it
turns,
would
be
an
example
of
play.
The
market
became
more
efficient
right,
and
so
it's
good
to
have
that
sort
of
healthy
competition,
but
you
know
at
the
same
time,
you
want
to
basically
like
provide
enough
incentives
for
people
to
continue
running
these
keeper
networks,
so
that
they're,
not
always
maybe,
can
become
a
sort
of
insurance,
like
maybe
we're
getting
a
little
bit
closer
to
the
pawnshop
analogy
than
we
even
ever
thought
right.
A
C
A
Occurred
to
me
that
potentially
you're
putting
keepers
out
of
business
if
it
offends
I
guess
what
the
model
is
for
the
insurance
mechanisms,
whether
that
the
insurer
is
doing
some
kind
of
a
top-up
mechanism
or
they're,
ensuring
that
things
don't
get
liquidated
or
whether
they're
paying
out
in
the
event
of
liquidation.
It's
a
thing
of
the
event
than
the
keepers
still
get
their
get
their
ends.
A
Yeah
I,
wonder
if
I
don't
know,
if
that's
something
that
we
necessarily
need
to
be
concerned
about
right
like
this
is
the
the
aftermarket
and
apparently
the
strong
are
supposed
to
survive
here
right.
So
it's
matter
in
senseless,
but
I
know
that
some
of
the
mechanisms
that
I've
seen
so
far
there's
been
proposed
for
insurance.
Are
it's
interesting
the
way
that
they're
they're
architected,
because
in
some
ways
they
can
be
viewed
as
an
anti
CDP
so
that
they
require
the
same
mechanism?
A
There
needs
to
be
a
pool
of
collateral
backing
the
insurer
and
there
needs
to
be
actors
in
that
system
that
are
in
charge
of
ensuring
that
the
insurance
is
paid
out.
So
you
have
CDP's,
you
have
keepers,
and
then
you
have
anti
keepers
and
anti
CDP's
on
the
other
end
of
the
spectrum.
So
if
even
if
it
did
impact
the
keeper
ecosystem,
potentially
those
people
could,
you
know,
jump
ship
and
they
move
into
the
insurance
ecosystem
and
just
sort
of
catching
it
on
the
other
side.
So
it's
gonna
be
really
interesting.
D
A
Particularly
I'm
still
kind
of
curious
to
know
what
more
traditional
businesses
or
traditional
CFOs
would
think
of.
This
idea
of
an
organization
came
to
their
CFO
and
said:
hey,
you
know
what
we
should
open
this.
You
can
do
payroll
and
die
whether
at
the
fact
that
there's
this
other
criminal
organization
offering
insurance
on
that
CDP,
whether
that
makes
it
more
compelling
or
not
it's
something
that
I'm
not
clear
on
yet
I'm
assuming
we'll
get
there,
but
it's
it's
still
early
today.
So
it's
hard
it's
on
duty.
A
Yeah
I've,
you
know
I'm
completely
unqualified,
to
speculate
on
that.
I
think
that
the
way
in
the
privacy
privacy
is
a
weird
thing,
because
we're
all
in
this
crypto
space
and
we're
all
with
the
blockchain
but
I
think
that
as
a
community
as
a
global
community,
we
haven't
quite
accepted
the
fact
that
it's
an
enormous
invasion
of
privacy
to
have
every
single
transaction
you've
ever
done
on
the
fourth
day
and
like
if
you
think
that
somebody,
like
Facebook,
can
figure
out
what
you're
up
to
by
your
connections
and
when
you're
online.
D
D
A
Yeah,
true
I,
think
a
lot
of
the
frictionless
adoption
that
we've
seen
in
the
past
has
been,
and
here's
where
I'm
getting
a
bit
conspiratorial
but
I
think
that
a
lot
of
the
reasons
why
some
regulators
can
be
friendly
to
the
crypto
space
is
because
it
is
completely
there
there's.
No,
it's
almost
like
a
cornucopia
of
my
noble
data
on
people's
financial
transactions.
It's
better
for
a
lot
of
depending
on
where
you,
where
you
live,
and
the
rule
of
law
and
the
type
of
regulations
that
are
in
place.
A
C
D
Question
about
whether
real
enterprises
would
feel
better
about
opening
a
CDP
or
working
with
me
or
I.
Think
yes,
so
those
of
you
that
don't
know
me
by
the
way
I
work
can
hear
it
make
period.
So
some
of
the
partnerships
that
I'm
working
with,
for
example,
one
is
a
large
commodities.
Physical
commodities
asset
trading
firms,
so
they
own
physical
commodities
and
Waterhouse,
is
all
over
Asia
and
when
they're
bar,
you
know,
they're
often
borrowing
against
their
inventory
to
go
out
and
buy
something
new
right.
D
Occasionally
there
is
a
you
know:
they're,
usually
they're,
late
right
or
occasionally
there
you
know
is
some
issue
and
some
reason
that
they
need
to
basically
pay
some
kind
of
fee
and
that's
sort
of
just
like
a
cost
of
doing
business,
and
so
there's
a
way
to
basically
allow
people
to
go
outside
of
the
sort
of
like
very
strict
guidelines
of
what
makers
protocol
allows.
Yeah
another
service
provider,
for
example,
that
provides
insurance
and
become
you
know,
opens
it
up
to
lots
of
different
types
of
businesses
that
don't
have
like
minute.
A
Yeah,
it's
good
insight,
I
love
the
fact
that
you
understand
business
and
money.
So
you
need
to
come
to
these
things
more
often,
so
you
can
explain
to
the
crypto
people
what's
actually
going
on.
That's
one
of
the
considerations
that
I've
been
just
trying
to
wrap
my
head
around
I.
Guess
the
fact
that
trying
trying
to
convince
somebody
to
get
into
crypto
and
saying-
and
they
have
reservations
and
then
saying
oh,
but
don't
worry,
we're
also
offering
crypto
insurance.
D
It's
so
much
about
getting
people
into
crypto
or
crypto
insurance
like
people
that
I'm
talking
to,
for
example,
they
don't
really
care
that
much
about
crypto
they're
looking
for
is
to
borrow
again
it's
their
assets
right
and
but
they
need
the
same
kind
of
flexibility
that
they
can
get
from
their
bank.
Otherwise
they
can't
do
business.
This
way,
right
so
I
think
could
open
up
lots
of
new
collateral
types
that
otherwise
wouldn't
consider
borrowing
against
their
assets
on
maker
directly
because
of
the
risk
of
liquidation.
A
Yeah,
that's
interesting
too,
so
I
wonder
if
the
existence
of
aftermarket
insurance
that
ecosystem
would
impact
the
yeah.
That's
interesting,
so
I'm
speaking
about
this
Punk
South
apologize
so
I
guess
that
would
help
people
to
enter
into
the
CDP
ecosystem
and
it
would
potentially
affect
the
way
that
the
risk
teams
evaluate
some
of
these
asset
classes
as
well
right.
A
A
D
You're,
listen
coin
so
go
ahead
and
on
there
there's
they're
having
a
trading
competition
or
something
basically,
the
top
100
people
that
trade
died
by
volume
will
get
one
MKR
each
and
I
think
it
was
like
the
top
five
I
had
people
get
I,
don't
know
like
15
and
Kara
each
or
something
like
that.
So
so
yeah.
If
you
have
a
lot
of
died
or
have
been
thinking
about
buying
a
lot
of
died
or
a
lot
of
eath,
with
your
dying
now
that
prices
are
so
low,
yeah.
C
D
A
Better
than
nothing
all
right,
I
think
that
unless
we
have
any
additional
questions,
how
we
do
and
another
version
would
insurance
providers
for
CDP's
have
some
incentives
to
prop
up
the
underlying
collateral
assets
to
avoid
paying
out
of
liquidations.
That
is
a
fascinating
question
that
I
had
not
considered.
It's
really
interesting,
actually
well
I
think
they
either
way
that
still
works
up
to
be
insurance,
though
doesn't
it
answers
like?
Ultimately,
people
don't
want
to
be
wrecked,
and
ultimately
we
want
to
have
as
many
healthy
CVPs
as
possible
and
exist
in
the
insurance
provider.
A
A
A
D
D
Think
that,
like
any
thing
that
would
protect
from
that,
is
basically
that
the
market
cap
on
any
one
asset
is
never
gonna,
be
you
know
the
amount
of
value
that's
John
out
against.
It
is
intended
something
to
never
be
like
a
crazy
enough
amount,
probably
dude
warrant
the
amount
of
capital
outflows,
that
it
would
cost.
So,
for
example,
right
now,
I
think
we've
got
a
little
over
1%
of
all
etherium
and
make
them
smart.
Finding
drugs
cost
a
lot
more.
D
D
That
thinking
that
the
insurance
would
be
look
more
like
especially
develop
this
process
around,
you
don't
develop
this
process
burger
around
being
able
to
pay
for
other
people's
CDP's
or
wipe
some
of
their
debt.
Essentially
you,
the
insurance
you
would
be
paying
for
is
not
we'll
cover
the
difference.
It's
basically
that
you're,
basically
paying
for
a
service
that
says
you
know
if
you're,
in
a
situation
where
you're
CVP
is
underwater
and
or
as
soon
you
go
underwater,
we
will
automatically
chop
it
up
and
charge
you
some
fee
for
that
service.
C
D
A
A
There's
a
lot
of
interesting
things,
I
think
of
it
and
no
time
to
think
about
them.
So
actually
I'm
going
to
see
if
we
have
any
final
questions
and
then
wrap
it
up,
maybe
Jordan
asks.
Maybe
insurance
companies
could
create
an
asset
that
goes
into
CDP's
and
they
interact
direct
interact
directly
with
those
loans
on
their
physical
property.
Wow
yeah
I
have
no
idea.
It
sounds
like
a
good
idea.
In
theory,
though
I'm
going
to
put
that
on
the
back
burner
for
the
next
question
for
the
next
done
meeting.
A
I
think
because
it's
worth
exploring
at
the
very
least
I'm
going
to
take
it
back
to
the
grantees
that
I've
been
talking
to
about
insurance
all
right.
Five
minutes
left
and
I
have
a
hard
stop
at
the
top
of
the
hour.
So
if
anybody
has
any
other
final
questions
or
comments,
they'd
like
to
ask
do
you
so
now,
otherwise,
I
am
going
to
call
it.
So
thanks
everybody
from
joining
us,
thanks
Madison
for
insights,
into
how
analysis
works
thanks,
Mariano
and
and
Lanka,
and
thanks
Ashley
for
your
for
business.
Things
like
once
again
thank.