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DAI is a trustless stablecoin collateralized by eth. OP literally linked it's whitepaper and this was your reply
by mercurial_sucks 6y ago
DAI is a trustless stablecoin collateralized by eth. OP literally linked it's whitepaper and this was your reply
- ameister14 6y agoSure, it's collateralized by ethereum - the problem with that of course is that ethereum is a completely manipulated price driven up by billions in falsely collateralized tether. So effectively, you've linked DAI to the value of a coin that is set by tether. That being the case, the actual value of the collateral is in question. That's why I replied that way.