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    Rune23
    @Rune23
    it doesnt look correct
    can you access this link?
    Rocky Fikki
    @rfikki
    Yes, but it is in French
    Rune23
    @Rune23
    lol!
    maybe in danish since my google account is in danish?
    Rocky Fikki
    @rfikki
    Yes, probably Danish. lol
    Rune23
    @Rune23
    is anyone in the livestream yet?
    smiley2015
    @smiley2015
    im here
    Rune23
    @Rune23
    is the sound okay?
    Rocky Fikki
    @rfikki
    don't know I joined the hangout, but no one there
    smiley2015
    @smiley2015
    yes
    Sounds fine
    just join the youtube link and ask questions here in the chat
    smiley2015
    @smiley2015
    So I have a question. What role does the keeper play? My current understanding is that they are a group that can receive the collateral by paying in edollar if the collaterals value is falling rapidly. I don't understand why only a designated group would have this power, or why they would want to be forced to buy collateral that is in a tailspin.
    smiley2015
    @smiley2015
    So why have keepers if their function just falls to anyone if they don't perform their duty?
    So kinda like bts delegates
    Rocky Fikki
    @rfikki
    Who are the governors? and does the use of governors contradict decentralization?
    smiley2015
    @smiley2015
    Why do the governors and the keepers need to be different?
    Rocky Fikki
    @rfikki
    Where are the daily interest rates displayed?
    How do governors get paid?
    Rocky Fikki
    @rfikki
    What is the timetable for various aspects of this project
    Rune23
    @Rune23
    good question, I should have had that in the video :P
    smiley2015
    @smiley2015
    Thanks!
    Rocky Fikki
    @rfikki
    Thanks
    Rune23
    @Rune23
    we are still aiming to launch at homestead, and have a working test coin on frontier
    so on frontier the coins wont have value and you wont be able to put real collateral into the contract, but we will have a fake collateral with a fake pricefeed that pretends it has real value and allow you to issue your coins according to the normal rules
    and then we will have a bunch of bounties in ether and makercoin for anyone who can find bugs
    im really excited about the new business model
    being a central bank is the strongest business model in the world, since we're literally printing money, but as long as we have the encoded rules the money won't be worthless or become inflated, and we will make a constant income stream from the interest people pay on their debts
    Rune23
    @Rune23
    if liquidity becomes good enough some people will potentially pay very high interest, if you look at sites like bitfinex the APR for borrowing USD to go long BTC is about 30%
    Maker could potentially earn all that money if we provide a good enough platform
    Rocky Fikki
    @rfikki
    So what is the status for getting all the team members in place?
    Have you looked into: https://mirror.co/
    Rune23
    @Rune23
    mirror.co looks interesting. I wonder how they'll do trustless bitcoin contracts.
    Rune23
    @Rune23
    We still haven't started aggressively looking for talent, but obviously will take applications from anyone who think they're a good fit
    still in the process of figuring out the best way to get our first round of dev funds
    Jorge
    @jmiehau
    Hello, just to share an interview about Veritasium (aka ultra-coin)
    You can learn what you need* to avoid, ☺
    Probably I am wrong, but I feel that this guy, Reggie is a scammer.
    He talk about to decentralized the market, but knowing that he is the "dealer" of his market. Data feed comes only from him.
    Rune23
    @Rune23
    updated pdf version of the document i went through last hangout http://makerdao.com/Makerpitch02.pdf
    Rune23
    @Rune23
    join our forum and earn 200 EUSD as a SuperUser!
    @all just made a post about the SuperUser incentive. The reward is doubled to 200 EUSD for current members of this gitter channel. http://www.reddit.com/r/ethereum/comments/37vx8u/maker_community_recruitment_100_in_edollar_to/
    Rune23
    @Rune23
    @all I've created an OTC board on the new Maker discourse forum http://forum.makerdao.com/c/Maker-OTC I know several large Ether holders and currently one of them wants to sell ether at 1.5 USD per Ether
    If there are no exchanges ready at launch then people will still be able to buy and sell directly from each other on the OTC forum using bitcoin with bitrated escrow. Anyone that wants to buy or sell ether are also free to contact me, and I will broker a deal with a buyer or seller for free.