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There are decentralized cryptocurrencies that have achieved low volatility, such as DAI. I don't think it's ever gotten more than a couple percent from its $1 t
by AgentME 6y ago
There are decentralized cryptocurrencies that have achieved low volatility, such as DAI. I don't think it's ever gotten more than a couple percent from its $1 target price since being created. (I assume it almost never gets talked about because there's no profit from investing in it and hyping it to others.)
- Volundr 6y agoDAI is tied directly to the dollar. In what way is it better than a simple bank account for storing value? The idea behind gold, silver, property, etc as value stores is that they remain valuable regardless of what the currency does. If your value store is the currency itself you might as well just hold the currency.
- AgentME 6y agoYou get the other benefits of cryptocurrencies: direct control and the ability to store or send it online with no middlemen or custodial risk.