Re:Report on Stablecoins [pdf]
by FatalLogic on Tuesday November 02, 2021 @12:27AM
(#29077084)
And as well as those errors:
OP doesn't realize that DAI has sailed through falls in ETH value of far more than 50% (I think the worst was over 90% in 2018)
OP, despite his obvious great intelligence, doesn't realize that another, stronger question about DAI would be the potentially-worrying linkage to USDC etc to provide stability (though critics should note that even before that stability module, PSM, was introduced it had never deviated by more than 1%, AFAIK)
Seeing that this is, despite all those errors and omissions, the top comment here, is extremely dispiriting
OP doesn't realize that DAI has sailed through falls in ETH value of far more than 50% (I think the worst was over 90% in 2018)
OP, despite his obvious great intelligence, doesn't realize that another, stronger question about DAI would be the potentially-worrying linkage to USDC etc to provide stability (though critics should note that even before that stability module, PSM, was introduced it had never deviated by more than 1%, AFAIK)
Seeing that this is, despite all those errors and omissions, the top comment here, is extremely dispiriting