Re:Bitcoin is more like ham radio than the early internet
by centimeter on Monday July 13, 2020 @06:02PM
(#23826072)
No decentralized stablecoin actually makes economic sense. Several have collapsed. https://cointelegraph.com/news/breaking-the-peg-every-stable...
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Re:Bitcoin is more like ham radio than the early internet
by dnprock on Monday July 13, 2020 @07:45PM
(#23826973)
DAI is made by pegging on Ethereum. Ethereum is a volatile asset due to its limited supply. DAI is inherently volatile. Its peg can fail. No amount of algorithm and automation can fix the problem. To be digital native, you need to accept some level of volatility. DAI promises the impossible. I wrote about this issue.
https://bitflate.org/post/2020/03/14/the-problem-with-dai.ht...