News for hackers. Stuff that matters.

A comment on MakerDAO’s “DAI” stablecoin is breaking, as predicted. Parent comment

Re:MakerDAO’s “DAI” stablecoin is breaking, as predicted by splintercell on Sunday January 14, 2018 @01:09PM (#16145380)
Literally nothing.
[ Parent | on HN ]
Re:MakerDAO’s “DAI” stablecoin is breaking, as predicted by zodiac on Sunday January 14, 2018 @09:47PM (#16148130)
Then what does the feds 2% interest rate target? Nothing?
[ Parent | on HN ]
Re:MakerDAO’s “DAI” stablecoin is breaking, as predicted by splintercell on Monday January 15, 2018 @05:08PM (#16153873)
The fear of Inflation. But USD is not pegged to anything.
[ Parent | on HN ]
Re:MakerDAO’s “DAI” stablecoin is breaking, as predicted by zodiac on Monday January 15, 2018 @09:06PM (#16155224)
Inflation measures USD purchasing power- how do you think that's measured?
[ Parent | on HN ]
Re:MakerDAO’s “DAI” stablecoin is breaking, as predicted by splintercell on Tuesday January 16, 2018 @01:04PM (#16160388)
So your claim is "USD is backed by X", it's just that I can't see the X, so tell me, what is USD backed by, without mounting an assault on the term "backed by". Backing means, some concrete promise or claim. USD has no concrete claim or promise behind it.
[ Parent | on HN ]