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The fact that you said that about DAI shows you don't know enough about the ecosystem and have just read articles about tether then drawn a conclusion about eve
by coolestguy 6y ago
The fact that you said that about DAI shows you don't know enough about the ecosystem and have just read articles about tether then drawn a conclusion about every single stablecoin
- jqpabc123 6y agoI 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.