Re:Can Governments Stop Bitcoin?
by jqpabc123 on Tuesday February 23, 2021 @07:46AM
(#26236666)
I drew no conclusion. I said, "if it can be shown ...".
It's true that I haven't studied DAI --- because I haven't felt any need to. I know how to buy currency that is every bit as stable as DAI and much more widely accepted and easily redeemable --- just buy USD.
Have you studied DAI? Are you sure that their algorithmic trading works the way they claim it does? How did you verify this?
Most "stablecoins" are built on trust of some sort at some level. Until someone audits them, you really have no idea if that trust is warranted.
It's true that I haven't studied DAI --- because I haven't felt any need to. I know how to buy currency that is every bit as stable as DAI and much more widely accepted and easily redeemable --- just buy USD.
Have you studied DAI? Are you sure that their algorithmic trading works the way they claim it does? How did you verify this?
Most "stablecoins" are built on trust of some sort at some level. Until someone audits them, you really have no idea if that trust is warranted.