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MIM

Mint Marble

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Reddit Posts

r/BitcoinSee Post

Threshold Network is bringing the MIM wizard back! 💜

r/CryptoCurrencySee Post

The Impact of USDC De-peg on Curve.fi Pools

r/CryptoCurrencySee Post

With the arrest of Terra founder Do Kwon, will the SEC or other regulating bodies take interest in Daniele Sesta founder of Wonderland who is connected to Michael Patryn (Sifu) — Kwon & Sesta worked on Abracadabra together with the MIM-UST pool and more.

r/CryptoCurrencySee Post

Why we need stablecoins and what makes a good stablecoin.

r/CryptoCurrencySee Post

It's not FUD anymore, USDC has depegged. DAI & some other decentralised stables have also depegged. Get your money out of stables.

r/CryptoCurrencySee Post

MIM Depegging up?

r/CryptoMoonShotsSee Post

SugarYield | Coingecko listed | Coinmarketcap coming | Low Mcap | CEX listing | 10x_gem | 5160%_APR |

r/CryptoMoonShotsSee Post

SugarYield | First_Hedge Protocol! Fairlaunch Succeed with 261.69 BNB! APR_5160% | 2x Rewards on Vaults | Mobile App live | 10x _on _launch | KYC-Audited | Dapp_Live | CEX Listing! PCS Listing 9th Feb 14:00 UTC |

r/CryptoMoonShotsSee Post

SugarYield | First_Hedge Protocol ! APR 5160% | 2x rewards on vaults | Mobile App live | 10x on launch | KYC-Audited | DApp_Live | Governance | CEX Listing! Presale Live On Pinksale_1 HOURS Left to end | SC HIT | 183 BNB Raised!

r/CryptoMoonShotsSee Post

SugarYield Presale Live on Pinksale - 5 Hours Left - 150 BNB Raised - Mobile App Live - 10x on launch - KYC- Binance Live AMA's - APR 5160% -CEX Listing - DApp Live - PCS listing 9th Feb 14:00 UTC

r/CryptoMoonShotsSee Post

SugarYield | 2x reward on vaults | 5160%_APR | Low Mcap | 10x_on_launch | 1_hour to live on Pancakeswap

r/CryptoMoonShotsSee Post

SugarYield | First_Hedge Protocol on BNB Chain ! APR 5160% | 2x rewards on vaults | Mobile App live | 10x on launch | Appraised by KYC-Audited | Dapp_Live | Get Rewards Through Governance | CEX Listing! Presale Live On Pinksale_5 HOURS Left to end|

r/CryptoMoonShotsSee Post

SugarYield.com - First Hedge Protocol - Presale Live on Pinksale - Mobile App live On Playstore - APR 5160% - 10x on launch - KYC- Binance Live AMA's - CEX Listing - Sugar Vaults deposit will be start on 8th Feb, 18:00 UTC

r/CryptoMoonShotsSee Post

SugarYield - First Hedge Protocol For Stable Coins | 2X_returns on vaults | 5160%_APR | Presale ends in 3hour|

r/CryptoMoonShotsSee Post

SugarYield Presale now Live on Pinksale - APR 5160% - Mobile App live On Playstore - 10x on launch - KYC - Binance Live AMA's - CEX Listing

r/CryptoMoonShotsSee Post

SugarYield - First _Hedge Protocol on BNB Chain - 2x_retrun on Vaults | 5160%_APR - Mobile App live | KYC_Audited | Presale in 30 mins | 10x on launch |

r/CryptoMoonShotsSee Post

SugarYield - First _Hedge Protocol on BNB Chain - 2x_retrun on Sugar Vaults | 5160%_APR - Mobile App live | KYC_Audited | Presale 7th Feb | 10x on launch

r/CryptoMoonShotsSee Post

SugarYield.com | First Hedge_Protocol on BSC | 2x_return on_BNB | 5160%_APR | KYC_Audited | Presale on _7th_feb

r/CryptoMoonShotsSee Post

SugarYield - Hedge BNB Earn_2X return on _busd| 5160%_APR | KYC_Audit | Mobile_app_Live | CEX_listing | Presal_in_2_days | 10x_on_launch

r/CryptoMoonShotsSee Post

SugarYield | Hedge_BNB_on_pegged_assets_Busd_Usdt_ 2x_return - 5160_APR - Kyc_audited - Presal_live_in_2_days - 10x_on_launch

r/CryptoCurrencySee Post

FTX Collapse Timeline: Nov 2 - Today

r/CryptoCurrencySee Post

[SERIOUS] Regardless of a bailout, the worst has likely yet to come

r/CryptoCurrencySee Post

Another domino is about to fall. MIM (Magic Internet Money) lost its parity with the US dollar

r/CryptoCurrencySee Post

MIM stablecoin slightly loses dollar parity amid fears of partial FTT backing

r/CryptoCurrencySee Post

[SERIOUS] Influencers: how many wrong predictions make a right one? Part 2.

r/CryptoCurrencySee Post

Is Daniele Sestagalli’s ‘MIM’ the next stablecoin in trouble?

r/CryptoCurrencySee Post

MIM (aka Magic Internet Money) is the latest stablecoin to blow up. Peg has dropped to as low as 92c and treasury is insolvent. It has a mcap of $220M. The team are buying CRV - a volatile ponzi play. Daniele Sesta says its FUD, while other dev Tetranode has posted a goodbye...

r/CryptoCurrencySee Post

Another stablecoin bites the dust - Magic Internet Money (MIM) drops to $0.94 - If you put your money into something named that, you deserve to lose it.

r/CryptoCurrencySee Post

Here's how Do Kwon cashed out $2.7 billion using Degenbox to drain liquidity out of the LUNA & UST system and into hard money like USDT.

r/CryptoCurrencySee Post

New Stablecoin LP Launched! Boost APY for BUSD-USDT-DAI-MIM

r/CryptoCurrenciesSee Post

Stablecoin MIM loses 80% marketcap less than 24 hours ago

r/CryptoMarketsSee Post

Spell token price prediction for 2022-2030

r/CryptoCurrencySee Post

A wild 7 months to say the least

r/CryptoCurrencySee Post

Something new can always be born after the death of the Terra-Luna

r/CryptoCurrencySee Post

WARNING: The MIM (Magic Internet Money) Stablecoin Is Insolvent and The Liquidity Pools on Uniswap are being emptied

r/CryptoCurrencySee Post

Don’t listen to anyone

r/CryptoCurrencySee Post

Reflections on the rise of DEFI

r/CryptoCurrencySee Post

Battle between decentralised stablecoins just got real! Earlier, Founder of DAI called UST (Terra) a 'solid ponzi". In return, UST has come up with a plan to crush DAI and has teamed up with Frax

r/CryptoMoonShotsSee Post

FirecampDAO [Avalanche] - [Launched Today] - Unique Staking and Minting system

r/CryptoCurrencySee Post

How sustainable is UST? What black swan event will cause it to depeg?

r/CryptoMoonShotsSee Post

Devil Finance | Yield Optimizer On Fantom Blockchain | Stake And Earn | Nfts Coming Soon | Lowest Fees In Defi |

r/CryptoMoonShotsSee Post

$MOR: Launching on Fantom on Feb 23: MOR by Growth De-Fi will be the only protocol on Fantom that offers both borrowing/leveraged yield farming with 0% interest loans and no penalties to open or close vaults. GRO holders also get MOR revenue. MOR is currently on AVAX and BSC.

r/CryptoCurrencySee Post

The paradox of hype vs. use case - why AMP and XLM are grossly undervalued.

r/CryptoCurrencySee Post

Where do you keep stablecoins?

r/CryptoCurrencySee Post

Help tracking down my hacker?

r/CryptoMoonShotsSee Post

🔥 FATFIRE Zero deposit fee yield farm and token on Fantom 🔥 #freemoney

r/CryptoMarketsSee Post

Why MIM's Lack of Liquidity Could Possibly Destabilize UST

r/CryptoMoonShotsSee Post

❄️Avalps DAO ❄️ $BLANC ❄️$SKI ❄️Biggest APY ever 2.142e125% 🚀 Bonding discount 150-180% ❄️

r/CryptoCurrencySee Post

The co-founder of billion dollar Defi protocol Wonderland is a serial scammer, fraudster and co-founder of notorious QuadrigaCX exchange!

r/CryptoCurrencySee Post

Wonderland controversy and why Terra's LUNA is down

r/CryptoCurrencySee Post

What did I do wrong? It took away half of my money and why is it buying MIM?

r/CryptoCurrencySee Post

Time Bomb: Wonderland, Magic Internet Money, and UST

r/CryptoCurrencySee Post

MIM is depegging. Terralabs are cashing out LUNA through UST-MIM curve pool. Exit Abracadabra, Exit SPELL, Exit LUNA, Exit UST. Short MIM

r/CryptoCurrencySee Post

1bsc1bsc1bscMIM help

r/CryptoCurrencySee Post

New to crypto - overwhelmed by what are the real life use of all the altcoins

r/CryptoMoonShotsSee Post

🦴 Boneyard | Presale Launch 2022-02-01 | Auto Earn magic internet money (MIM) just by holding! | build on Fantom | BoneyardDAO coming soon 🌚

r/CryptoCurrencySee Post

Time Wonderland, an ohm fork that promised 80,000%+ APY returns, has fallen 95% in value from 10,000+ to 500 and is collapsing as I type this.

r/CryptoMoonShotsSee Post

Grape Finance - Algorithmic stable coin pegged to MIM on AVAX Chain | A+ Community | Active Devs | Contract ownership renounced | ✅Stayed green while the market Bled!!! | Current yields around 8% per day | Early project, only 2M TVL | Launchpad and NFTs with utility are coming

r/CryptoCurrencySee Post

A Complete Explanation of TIME, MEMO, wMEMO and the economics of Wonderland

r/CryptoCurrencySee Post

If the Internet of information shrunk the world then the Internet of Value (defi) has shrunk money.

r/CryptoMoonShotsSee Post

$GHOST Capital has successfully launched | The evolution of meme coin utility starts with Ghost Capital 👻

r/CryptoCurrencySee Post

Maker Co-Founder Calls UST and MIM 'Solid Ponzis' That Will Go to Zero

r/CryptoCurrencySee Post

Maker Co-Founder Calls UST and MIM 'Solid Ponzis' That Will Go to Zero

r/CryptoCurrencySee Post

Terra, Abracadabra Stablecoins "Are Going to Zero": Maker Founder

r/CryptoMoonShotsSee Post

Hector DAO - Ohm Spoon, not Fork - AMA about 2022 Master Plan Live on Youtube at 20.00 UTC - Combining Utility with Rebasing + a $100,000,000 Treasury - Bullish 🚀

r/CryptoCurrencySee Post

Safest way to park your gains long term: how safe are stablecoins?

r/CryptoMoonShotsSee Post

Experienced team launched first meme DAO on Avax network - welcome PepeDAO. Can it be first successful Pepe token?

r/CryptoCurrencySee Post

Experienced team launched first meme DAO on Avax network - welcome PepeDAO. Can it be first successful Pepe token?

r/CryptoMoonShotsSee Post

Avax network meme DAO. First Pepe token 👏 PepeDAO is live with insane staking APY!

r/CryptoMoonShotsSee Post

PepeDAO launched 🥳 Huge staking apy (200% ROI 5-day rate). Avalanche network meme DAO with celebrities onboard.

r/CryptoMoonShotsSee Post

First ever meme DAO is live 🐸 PepeDAO on Avax network. Insane staking and minting APY.

r/CryptoMoonShotsSee Post

It's time for first ever meme DAO. Introducing PepeDAO on Avalanche Network. Stake your Pepe tokens and get millions of APY.

r/CryptoCurrencySee Post

First meme DAO ever to exist. PepeDAO live on Avax network with enormous staking APY.

r/CryptoCurrencySee Post

PepeDAO launched on Avalanche network. Huge staking and minting APY. Can it be first good meme Pepe token?

r/CryptoMoonShotsSee Post

First meme DAO - PepeDAO token on AVAX. Insane staking APY, celebrities onboard, $200k mcap

r/CryptoCurrencySee Post

PepeDAO live now with enormous high APY. Maybe it's time for first good Pepe token?

r/CryptoMoonShotsSee Post

PepeDAO - OHM fork Avalanche network. Staking and minting huge APY, celebrities onboard.

r/CryptoCurrencySee Post

Are there other tokens similar to MIM and spell?

r/CryptoCurrencySee Post

How Olympus DAO and Wonderland TIME are bleeding their investors

r/CryptoMoonShotsSee Post

SierraDAO | Launching December 28th | Discord already at 16k members!

r/CryptoMoonShotsSee Post

Dionys DAO | Highest APYs | +$100K Giveaway 🎁 | Stake and Earn | Multi SIG 🔒

r/CryptoMoonShotsSee Post

❄️Avalps DAO ❄️ $BLANC ❄️$SKI ❄️Biggest APY ever 2.142e125% 🚀 Bonding discount 150-180% ❄️

r/CryptoCurrencySee Post

Spell Token

r/CryptoMoonShotsSee Post

ParrotDao - Most rewarding DAO on market | DeFi and GameFi | Avalanche

r/CryptoMoonShotsSee Post

ParrotDao - Most rewarding DAO on market

r/CryptoCurrencySee Post

Gemini Exchange just announced nine more coins to their list

r/CryptoMoonShotsSee Post

FLEX - AVAX is the new BSC. Get into the first legitimate memecoin before it pops. 15k Cap - 78 Holders - Launched Today

r/CryptoMoonShotsSee Post

👑 MidasDAO - New DeFI👑! Stealthily launched 📈 Insane high APY 🚀 Chart goin to MOON 🚀 Rebase every 8 hours - earn money by staking 🔥 Buy CROWN at a EXTRA discount thanks to MINTING 🔥 Trending on almost all sites! Top on CoinCost!

r/CryptoMoonShotsSee Post

⚔️TemplarDAO⚔️ ($TEM) | ✅ Listed On CG/CMC | ROI 23%🚀| APY 350m% 🔥 | $8m MCAP | OhmFork on BSC 💎 | Giveaway🎁 | Frog Nation Supporter🐸

r/CryptoMoonShotsSee Post

PinguInu - Just launched - 50k MC, 118 Holders, 100+ TG Members

r/CryptoMoonShotsSee Post

⚔️TemplarDAO⚔️ ($TEM) | ROI 24%🚀| APY 600m% 🔥 | $5m MCAP | Ohmfork on BSC 💎 | Treasury-Reverse Protocol 🐸 | Yields Goes to Holders!🏆

r/CryptoCurrencySee Post

Help a newbie understand defi loans

r/CryptoCurrencySee Post

Looking for a good project with low gas fees. Check PAPA DAO on the AVAX network

r/CryptoMoonShotsSee Post

🚀Galaxy Goggle Dao (GGDao) is THE Greatest Memefi Dao Token with Eye Bleeding APY% Returns and Minting Discounts You have never seen in your Life Before 🔺 Apes Are Going to Space Baby🐵

r/CryptoMoonShotsSee Post

🚀Galaxy Goggle Dao (GGDao) is THE Greatest Memefi Dao Token with Eye Bleeding APY% Returns and Minting Discounts You have never seen in your Life Before 🔺 Apes Are Going to Space Baby🐵

r/CryptoMoonShotsSee Post

Galaxy Goggle Dao (GGDao) is THE Greatest Memefi Dao Token with Eye Bleeding APY% Returns and Minting Discounts You have never seen in your Life Before 🔺 Apes Are Going to Space Baby🐵

r/CryptoMoonShotsSee Post

[$BBYoda] The force may be strong with this one!! BabyYoda stealth launching on TraderJoe “soon”. 6% MIM Rewards to token holders. 🔥STONKS 🔥

r/CryptoMoonShotsSee Post

$MINTY | Safe High Yield $MIM rewards | Insure staking rewards on #Avalanche

r/CryptoMoonShotsSee Post

PapaDao ($PAPA) | The reserve currency of the Metaverse and the Gaming universe on Avalance | AMA with Crypto Sensei on Saturday | Massive +2,000,000% staking APY | (4, 4) Bonds coming | Rapidly growing community and much more!

r/CryptoCurrencySee Post

How does bonding work with Crypto?

Mentions

Disagree. Nation states with access to communications and compute can do simple MIM attacks against an individual. SSL and other certificates can be spoofed See https://fastercapital.com/content/SSL-TLS-Spoofing--Securing-Your-Connection-against-Fake-Certificates.html# But at many levels, even the CA (certifying authority) can be duplicated or simply work with or be obligated to assist any threat actor. https://en.wikipedia.org/wiki/Threat_actor The update or the installation process can have rogue repos, or government managed alternatives that supply invalid updates which give ability to vary the characteristics of local wallets or clients, and that can be done at massive scale. It’s possible to mirror supplying nodes and put in filter substitutes that exchange certain data based on fixed parameters. In short, I disagree. You’re looking at this from a perspective of a situation that many users would have, but there are some users that have situations where the sophistication of the MIM attack incorporates governments with legal access to the CAs and from that can exchange client code, and from that, can own and manipulate remote endpoints. The carriage service is the weak point, and most people don’t appreciate how a comprehensive effort makes even VPNs less reliable than imagined. https://en.wikipedia.org/wiki/Man-in-the-middle_attack There’s situations where nations states can mount attacks on the individuals, not the networks, and create parallel networks that serve their purposes, including misdirecting funds, by cloning the internet however making hundreds of thousands of pages serve their purposes. Perhaps most researchers don’t imagine governments with secret or legal dark intelligence workforces counting in the millions of individuals, or tens of millions or hundreds of millions, diverting state owned resources toward the interference of single individuals. I’m not talking about governments overseas, etc. I’m talking about multi-billion dollar black budgets and budgets created by owning companies and corporations outright, and those run to market caps of thousands of billions of dollars, and have flowing income, that are state assets, and able to be used. The US government, UK, and I’m in Australia and no doubt our government has this type of capacity also, could do this sort of interference in a MIM way. If you’re a person of interest or the state considers you an asset under management, things like cryptography only add a moderate complexity to them, if interfering with your carriage services or using wireless or radio or physically exchanging connections such as fibre or wires at exchanges or POPs. Reports like this forget the capabilities against an individual are ‘8 billion again one’ if a situation arises where that one person is considered important to harass or to intimidate or engage with to steal from. I appreciate crypto but I’m under no illusion about how it can appear reliable and secure until it isn’t.

Mentions:#MIM#CA

New memecoin on Solana launched 5 days ago. ATH 5 mil MC. Floor stabilizing between $500K- $1 Mil MC. Crazy community. Round the clock raiding and telegram voice chats. Why $MIM? Because we're all here for the same thing. We're all chasing Magic Internet Money and we're all trying to get out of the day to day paycheck to paycheck grind. Come visit our community. All links to our project are in the link. [https://www.reddit.com/r/MagicInternetMoneyMIM/](https://www.reddit.com/r/MagicInternetMoneyMIM/)

Mentions:#MIM

MIM is magic internet money

Mentions:#MIM

That doesn’t make sense, you know a bitcoin ETF is regulated, if you want to miss about with MIM, that’s risky and you know that

Mentions:#ETF#MIM

Looks like MIM is stabilizing back to its peg. Good it wasn't as bad as Terra Luna.

Mentions:#MIM

Repaid the MIM I borrowed on Arbitrum during the depeg. Nice and tidy profit.

Mentions:#MIM

tldr; Magic Internet Money (MIM), a stablecoin by Abracadabra DeFi platform, depegged to $0.84 after a $6.5M exploit. PeckShield reported the attack, which involved a rounding bug and was initially funded with 1 ETH from Tornado Cash. The attacker manipulated borrowing limits and swapped stolen MIM for Ethereum. Abracadabra confirmed the exploit and is buying back MIM to burn it. The issue was mitigated with no user collateral at risk, and Chainalysis is assisting in response to the incident. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#MIM#ETH#DYOR

This happened to me yesterday. What pisses me off most is I'm super savy or I have been recently. I have never visited any dodgy fishing links,. To my knowledge I definitely have never connected my wallet to them. I have never stored my seed phase online or even used it to recover the wallet in question., I haven't even logged into metamask for a couple of weeks, and always disconnected the wallet from a website leading me to believe it must have happened in defi hack, as I played around with defi with this wallet address in 2021 bull run along with MIM, TIME and a few others. So to the OP ignore what some people say here it's possible to be careful and still be exploited.

Mentions:#MIM#TIME#OP

OK, found it, it's MIM - https://www.youtube.com/live/mpdADs1seJE?feature=shared&t=2186

Mentions:#MIM

tldr; Abracadabra Finance, a DeFi protocol, suffered a security breach resulting in a loss of over $6.4 million. Attackers exploited a vulnerability in the protocol's smart contract, bypassing the insolvency check and illicitly borrowing a large number of Magic Internet Money (MIM) tokens without sufficient collateral. The compromised contract had assets valued at over $29 million. The MIM stablecoin's value dropped but later recovered to near its pegged value. Abracadabra Finance's team is taking action to mitigate the impact, including buying back and burning MIM tokens. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#MIM#DYOR

Yup MIM attack can easily show misleading prompts. And there are also still legit cases of blind singing requirement but I think that's gonna become outdated soon, hopefully. Tech is moving faster than the tools

Mentions:#MIM
r/BitcoinSee Comment

> You think you’re the only guy who knows what a MIM attack is? wtf? > I told you how I created the transaction, I did it in conjunction with the Trezor wallet How? (as you scramble to find out what a watch-only wallet is)

Mentions:#MIM
r/BitcoinSee Comment

Making shit up? You think you’re the only guy who knows what a MIM attack is? I told you how I created the transaction, I did it in conjunction with the wallet and the totally air-gapped computer. The txn hash now resides on the totally airgapped computer, wallet is disconnected and the tx hash is transferred to the networked computer.

Mentions:#MIM
r/CryptoCurrencySee Comment

bisq is a distributed peer-to-peer exchange, MIM is an example of a centralized "instant exchange". You can google "instant crypto exchange" but basically the exchange operator run the service, and provides liquidity. The user sends coins and the exchange sends back the exchanged coins. There are details in the example FAQ/TOS document: http://mimexxxic7flxfu4bnin7q24eftztpxbox73zjkhb36a2qgvvaxhljid.onion/support

Mentions:#MIM
r/CryptoCurrencySee Comment

Idk seems bit dodgy to me, thats why I hold it in MIM - Magic Internet Money, both are backed mostly by FTT, magic and looming depeg issued by Abracadabra protocol

Mentions:#MIM#FTT
r/CryptoCurrencySee Comment

Question: is USDC any better? Do you think one of the basket coins like DAI, MIM or FRAX are safer alternatives? I personally like PAXG which is backed by real audited gold reserves, but it's only on Ethereum L1 (maybe Arbitrum One, but I couldn't verify the contract and liquidity is probably an issue).

r/CryptoCurrencySee Comment

So that makes them solid? It's a collapse just waiting to happen. They sell you IOUs which could risk less make 3-5% returns in government bonds and be overcollaterized and Tether would still reap a huge profit (easily 2 billion per year). But that's not what's happening. I hope people phase out of this B.S. coin, we just got lucky so far. We also got lucky on Luna, that is until we didn't. There's a few stabiles I'd trust, honestly I like PAXG which is backed by gold and also the new PayPalUSD which is managed by Paxos as well. I am certain there's more. I usually avoid Tether and rather use DAI, MIM or FRAX for short term swaps or bridging.

r/CryptoCurrencySee Comment

MIM is an actual token. It's indeed the abbreviation for Magic Internet Money, overcollaterized stable coin.

Mentions:#MIM
r/CryptoCurrencySee Comment

Last time i heard names like these i was deep in terra luna ecosystem, degening on anchor project and MIM leverage (magic internet money) NOPE, i'm traumatized.

Mentions:#MIM
r/CryptoCurrencySee Comment

There's an EU legislation called MiCA that makes all stable coins at least temporarily illegal. I am unsure how DAI, MIM or FRAX kind of DAO coins are impacted, they cannot just open an office in an EU country but maybe they are out of scope. It seems MiCA is written is another legislation written by bureaucrats with very limited understanding how things really work. "Binance plans to delist stablecoins in Europe, citing MiCA compliance" https://cointelegraph.com/news/binance-delist-stablecoins-in-europe-mica-compliance

r/CryptoCurrencySee Comment

I'd prefer people use DAI, MIM or FRAX instead of supporting an opaque organization with a shady audit history.

Mentions:#DAI#MIM#FRAX
r/CryptoCurrencySee Comment

Shouldn't we use MIM(Magic Internet Money) instead?

Mentions:#MIM
r/CryptoCurrencySee Comment

Then you will literally need to have MIM in your portforlio. Joking. Its a bad investment But yes we been at this price range for so long.

Mentions:#MIM
r/CryptoCurrencySee Comment

And MIM

Mentions:#MIM
r/CryptoCurrencySee Comment

Most CDPs (DAI, MIM, etc…) use non-upgradable contracts and can’t be frozen. The problem is that they use USDC as collateral which poses a different kind of risk.

Mentions:#DAI#MIM#USDC
r/CryptoCurrencySee Comment

MIM as well

Mentions:#MIM
r/CryptoCurrencySee Comment

USDC and USDT does the same thing. We need decentralized stables. MIM, DAI. PayPal stablecoin will contribute to liquidity inflows which is how markets thrive to begin with. I will never use it though.

r/CryptoCurrencySee Comment

We really need decentralized stablecoins like DAI or MIM

Mentions:#DAI#MIM
r/CryptoCurrencySee Comment

It's amazing how we perceive time. One day I was yelling at my mom for picking up the landline telephone and kicking me off the 56k , the next day I was posting to a forum on my pocket computer over 500 Mbps mesh wifi and getting paid to do so! MIM V2 let's go!

Mentions:#MIM
r/CryptoCurrencySee Comment

CRV isn't going anywhere. This is a much bigger problem for AAVE, MIM, and other protocols that would be taking on bad debt as there's nowhere to liquidate all that CRV. That said... I highly doubt that Egorov actually get's liquidated. The powers that be in DeFI aren't going to let it happen.

Mentions:#CRV#AAVE#MIM
r/CryptoCurrencySee Comment

Abracadabra protocol allows users to earn money by using interest-bearing assets such as CRV, CVX and YFI as collateral to mint **Magic Internet Money (MIM)**, a USD-pegged stablecoin. Spell is the native governance and staking token of the platform. And now they want to raise interest rates *magically*.

r/CryptoCurrencySee Comment

The idea is to have something safe that may even appreciate a bit during a crypto winter if you don't want to withdraw your blockchain funds (then you could buy an ETF like PHYS), but rather continue using DeFi. If I move into DAI, MIM and/or USDC I still have inflation during those roughly two years, or may get hacked because I know myself and probably would be tempted by a lending protocol or a stable LP to park the money for some APY. That versus just holding a gold backed coin. TL;dr It's not a true investment (King Midas style), it's more about not losing money 🤑

Mentions:#DAI#MIM#USDC
r/CryptoCurrencySee Comment

Just want to add the stabile coin problem, we've seen it with Terra Luna already, Tether and even USDC seem not to be fully backed by the US$ as they promise, so depegging of a major stabile coin can ruin the entire sector. On top, these two can just freeze your funds, that was one of the cryptocurrency promises broken, free transfers. Stuff like MIM, MAI or DAI is less popular and depends on other cryptos not losing too much value, when the market is>50% Bitcoin dominated and just following that one trend.

r/CryptoCurrencySee Comment

Interesting. DAI is wrapped on Fantom and not generated on that network, it was a multi coin. 24h after it started most multi wrapped coins were still at 70% of nominal value for swaps and bridging, and stayed for a while. You say they now lost 70%? I only see the new axlUSDC in the bridge on Spooky, did they remove multi-USDC and the others completely from the system? I noticed stable coin MIM doesn't seem to be impacted at all.

r/CryptoCurrencySee Comment

This shit is still running after the sifu debacle? I’m pretty sure MIM and that anchor protocol looped interest was in some way responsible for the downfall of UST.

Mentions:#MIM
r/CryptoCurrencySee Comment

Im going to check mine but mine was caused by a bug in metamask UI.. I hope mine would be reduced, 400 MIM sent and Binance was asking for 500 BUSD fee.

Mentions:#MIM#BUSD
r/CryptoCurrencySee Comment

What court in their right mind would grant him bail? It's hard not to suspect that corruption is at play here. He's already run from authorities, fleeing internationally under assumed identities. He's already had hundreds of millions of assets frozen in South Korea, and I'm sure that's a drop in the bucket. There's on chain evidence suggesting he cashed out over $2 billion via MIM/Degenbox prior to the collapse of Terra. While it's unlikely all of that made it into Do Kwon's pockets, I'm sure there's a sizeable chunk that did. €400k is a joke and represents less than 0.1% of what he scammed/stole. Unless prosecutors appeal bail successfully, he's either going to flee to a location without extradition to the US, South Korea, or Singapore - or he's going to tragically be the victim of a "boating accident".

Mentions:#MIM
r/CryptoCurrencySee Comment

I got in all figured out! I had to transfer the MIM to my trust wallet first, but fit the job done. Thank you for pointing me in the right direction!

Mentions:#MIM
r/CryptoCurrencySee Comment

Help Coverting MIM to AVAX I have MIM in a Safe wallet. I need to convert it to AVAX and then send it to my Coinbase wallet. I know how to send AVAX from Safe to Coinbase, it’s the converting I don’t know how to do. Help! I am in the US.

Mentions:#MIM#AVAX
r/CryptoCurrencySee Comment

Surprised more people don’t know about Merlin Pepe. Representing the memecoin ecosystem with actual functionality. $SPELL and $MIM

Mentions:#SPELL#MIM
r/CryptoCurrencySee Comment

The best part is that it's already an existing token. Bullish on MIM! Even though it's a stablecoin!

Mentions:#MIM
r/CryptoCurrencySee Comment

Still holding my MIM bags, got to keep holding the moon bags

Mentions:#MIM
r/CryptoCurrencySee Comment

I bet you it's an old fashioned MIM attack, but with some kind of browser extension leaking the packet encryption credentials.

Mentions:#MIM
r/CryptoCurrencySee Comment

Hardware wallets are not something I would suggest for a newb. I've been in crypto for 11 years and never got one. They aren't needed unless you can't take proper precautions and even then, you'll probably lock yourself out/forget, lose your seed phrase, drop it in water, or become the victim of a MIM attack. Hardware wallets are just another point of failure. Also, Copy/paste your passwords/seedphrases, typing it out means it could be keylogged - if you have been infected by a keylogger.

Mentions:#MIM
r/CryptoCurrencySee Comment

The current Abracadabra team. Ya they lost a lot of credibility when someone Daniele brought to the wonderland team was later outted as a known scammer(Sifu) and removed from the team. But that didn’t stop them from moving on and diligently progressing the project. I definitely trust LickMyRomy and have high expectations for the future of Spell and MIM.

Mentions:#MIM
r/CryptoCurrencySee Comment

.Which will inevitably stop. I remember how high people were on MIM(Magic internet Money) and Olympus DAO. BOY, did things change.

Mentions:#MIM#DAO
r/CryptoCurrencySee Comment

This is just one article but there are many connections between Kwon and Sesta for example [Magic internet money / MIM ](https://twitter.com/danielesesta/status/1459176173863374866?s=46&t=OOi-aPPWAaMgPtF7AcD-3A)

Mentions:#MIM
r/CryptoCurrencySee Comment

MIM is a stablecoin iirc lol

Mentions:#MIM
r/CryptoCurrencySee Comment

MIM. Magic internet money.

Mentions:#MIM
r/CryptoCurrencySee Comment

A few things, firstly that Circle and Tether only have the power to do what the smart contracts enable them to do. As far as I am aware that may include freezing coin balances but it doesn't include altering them. Secondly, Circle and Tether are still small enough that betraying peoples trust (say by refusing redemptions, or redeeming at less than face value) would likely destroy their reputation, something that would be quite damaging to them. Unlike a CDBC, people can just flee to DAI, RAI, MIM, USDD or any of the other stablecoins. Whereas with a CBDC, they don't even need to care if you have faith in them - you're forced to use it regardless, that's the point.

r/CryptoCurrencySee Comment

>the only alternative USDT MIM? DAI? Y'all use centralized stables and are surprised that they collapse I don't get it

Mentions:#USDT#MIM#DAI
r/CryptoCurrencySee Comment

Hey there, it’s me from the future! USDC is currently trading at .88, Dai at .90, FRAX .89, LUSD .94, USDP .97, USDD .93, MIM .88, sUSD .96 & MAI .91 It’s not fine. The largest stables have all depegged except Tether.

r/CryptoCurrencySee Comment

I still had something about 2/3 in my head. But we are currently seeing how closely the fate of DAI is linked to USDC. There, too, we are currently at 90 cents instead of one dollar. MIM also no longer has its peg

Mentions:#DAI#USDC#MIM
r/CryptoCurrencySee Comment

It’s not just USDC also DAI, USDD, Fei USD and MIM have depegged.

r/CryptoCurrencySee Comment

Sale! Rounded upwards USDC $0.89 DAI $0.91 FRAX $0.90 USDP $0.94 GUSD $0.97 LUSD $0.95 USDX $0.84 MIM $0.89

r/CryptoCurrencySee Comment

Over collateralized, unable to be frozen by centralized figures, and high liquidity cross chain. so MIM, MAI, SUSD, LUSD

r/CryptoCurrencySee Comment

wdym? MIM depegged at the same time.

Mentions:#MIM
r/CryptoCurrencySee Comment

MIM name doesn't really help either lol

Mentions:#MIM
r/CryptoCurrencySee Comment

There is some hope though. Maybe recovering the peg won't be possible for a long time, but it's not like Circle is really insolvent. Many banks have less money for your deposits than the cash Circle has available to back USDC. Not going to lie, it does look bad, but at least here we should have real reserves unlike UST which only had about 3 bn of reserves (aside Luna) for 15 bn+ UST. Oh btw, USDD, Frax and MIM also depegged. I guess Frax and MIM also had DAI/USDC as collateral, and I suppose many other defi stables too.

r/CryptoCurrencySee Comment

Reminds me of this little algo stable coin called $MIM. It’s been through everything and yet somehow it’s still doing fine.

Mentions:#MIM
r/CryptoCurrencySee Comment

Too bad MIM already exists

Mentions:#MIM
r/CryptoCurrencySee Comment

It definitely wasn't UST since LUNA was burned and minted (the latter which caused its own hyperinflation), unlike overcollateralized stablecoins (DJED, DAI, MIM, etc) that instead lock and unlock when minting and burning the stablecoin, thus creating a reserve that can be used as the basis for redeemability through assets that actually exist.

r/CryptoCurrencySee Comment

No, it didn't. u/AESTHTK posted disinformation articles about DJED before, was corrected, and continues to spread disinformation (I guess that's crypto-cult mentality for you lol). How all overcollateralized stablecoins (DAI, FRAX, MIM, DJED, etc) work is that they can't truly depeg unless the reserve ratio is under 100%. Look at other stablecoins which fluctuated in the past (esp. early on in their life). Want to know why they never stayed "depegged"? It was because they were all overcollateralized.

r/CryptoCurrencySee Comment

Being overcollateralized by over 500% sounds pretty stable to me. It being backed by crypto doesn't change that. Other crypto-backed stablecoins have fluctuated in the past (DAI, FRAX, MIM, LUSD, sUSD) and have still maintained their peg. You know why? Because they are all overcollateralized.

r/CryptoCurrencySee Comment

... and here you are ! MIM connoisseur

Mentions:#MIM
r/CryptoCurrencySee Comment

Quit Magic..? MIM?

Mentions:#MIM
r/CryptoCurrencySee Comment

There's also the MIM stablecoin whose name was likely inspired by this as well (maybe indirectly)

Mentions:#MIM
r/CryptoCurrencySee Comment

>That's not true at all. The reserve ratio influences the market value, but ultimately the market value is what it's worth, so it actually means everything. As I said, the market value comes from its price from exchanges, and these exchanges have low liquidity due to DJED not even being a month old and only having ~3 million in circulation. On an exchange, it can be less or more than one dollar, but if you redeem your DJED for ADA directly, you will get the dollar equivalent in ADA, minus fees of course. So what I said is true. If DJED on an exchange is worth less or more than a dollar, you can burn in through the smart contract. Market value is just through exchanges, while the reserves ratio shows how much the stablecoin is backed. Every stablecoin with backing has gone through massive price swings, but if you can redeem your stablecoin for dollars (or dollar value of cryptocurrencies), then it's not really depegged, since you can get your money back 1:1. >100% objectively it is depegged as long as the market value does not equal the targetted value. You can get the target value for redeeming directly. If the stablecoin price on an exchange is not $1, then just redeem it directly to get $1. This has been the case for *every* collateralized stablecoin, especially early on in their history; look at DAI, LUSD, sUSD, FRAX, and MIM for some examples of overcollateralized stablecoins fluctuating but still being just fine. As I said, market value doesn't mean anything compared to reserve ratio, and this is because reserve ratio shows how truly backed and redeemable the stablecoin is. >DJED isn't really in trouble, but then again it hasn't been battle-tested, but your reasoning is way off base. I know DJED hasn't been battle-tested, but that's a different discussion. "My reasoning" is just researching how other stablecoins were in the past, and it is pretty clear the reserve ratio is the only important thing because it's how you are able to get back the dollar (or dollar equivalent) money from the reserves.

r/CryptoCurrencySee Comment

[https://www.coingecko.com/en/coins/magic-internet-money](https://www.coingecko.com/en/coins/magic-internet-money) MIM token looks to be around a dollar still. Maybe a glitch on Gemini?

Mentions:#MIM
r/CryptoCurrencySee Comment

Long live MIM and DAI

Mentions:#MIM#DAI
r/CryptoCurrencySee Comment

Too late for BTC, too early for crypto mass adoption. Perfect time for MIM (magical internet money)

Mentions:#BTC#MIM
r/BitcoinSee Comment

The ledger will verify its internal software upon startup and connection to ledger live. Just take a look at the device to make sure it hasn’t been tampered, download newest software and generate a new wallet from scratch. (If it already has a wallet generated its been tampered). Buying these devices off amazon is totally fine if you know what you are doing. The only MIM attacks have been totally unsophisticated on sites like ebay(they generate a wallet before hand and give you the words hoping you’ll use it)

Mentions:#MIM
r/CryptoCurrencySee Comment

Bullish on $MIM

Mentions:#MIM
r/CryptoCurrencySee Comment

Surprised MIM (magic Internet money) stablecoin is alive and kicking

Mentions:#MIM
r/CryptoCurrencySee Comment

There was just an increase in coins that are "not currently available for trading" from 16 to 25 including MIM, LUNA, MIR and ORCA. Seems pretty scummy withholding assets from users.

r/CryptoCurrencySee Comment

Look up Magic Internet Money (MIM). It's held up its peg surprisingly well - better than any other stablecoin I've seen. It's basically like DAI, but it isolates each type of collateral used so that if one collateral fails, it doesn't affect the peg. Some of the MIM in circulation was collateralized by Terra's UST before it collapsed. Some of the MIM in circulation was even collateralized by FTX's FTT before it collapsed. Do you see any significant affect on the peg? Nope! It's pretty promising, but the worst of the crypto market has yet to come, so we will see what it looks like then.

r/CryptoCurrencySee Comment

no. MIM;s definitely fake !

Mentions:#MIM
r/CryptoCurrencySee Comment

MIM. Magic Internet Monies.

Mentions:#MIM
r/CryptoCurrencySee Comment

The writer doesn't consider Tron to be a good collateral. That's on him, but it's there. DAI has a similar model, so has MIM. Neither of them collapsed.

Mentions:#DAI#MIM
r/CryptoCurrencySee Comment

I think its interesting that despite all the dubious ponzi bullshit with Danielle Sesta, that MIM is still pegged and abracadabra.money is still being actively developed with recent updates spell might just do something in the future

Mentions:#MIM
r/CryptoMarketsSee Comment

That’s what people did when MIM was going down

Mentions:#MIM
r/CryptoCurrencySee Comment

We aren’t talking about MIM (Magic Internet Money) here

Mentions:#MIM
r/CryptoCurrencySee Comment

_"... it just reeks of maguc money printing..."_ Me: I'm looking at you MIM (Magic Internet Money)

Mentions:#MIM
r/CryptoCurrencySee Comment

SPELL because degens love leverage especially during a bull run. MIM overcollateralized and has suffered about as much bad press as a protocol can get but keeps returning to peg. FTM if they rebrand. Better tech works faster and smoother than MATIC. Less fees than MATIC.

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