4 ms·

Seriously, what is the point? Even if this is a perfectly honest and functioning system, if you're using a currency that is pretty much like the dollar, regulat

Seriously, what is the point? Even if this is a perfectly honest and functioning system, if you're using a currency that is pretty much like the dollar, regulated as the dollar, inflated as the dollar, why not just use the dollar?

lacker 8y ago
Since it's an Ethereum token, you can write smart contracts that use dollars instead of smart contracts that use ETH.
- rlucas 8y ago
  Buuuutttt, since it's not dollars you have to trust that a market maker counterparty will stand behind the peg when you do want to liquidate.