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Flash loans are just for trading arbitrage. Like I said, speculation is the only major use for cryptocurrencies. You just blanket state that DAOs are providing
by qeternity 6y ago
Flash loans are just for trading arbitrage. Like I said, speculation is the only major use for cryptocurrencies.
You just blanket state that DAOs are providing utility. I asked you how these things are doing that.
- rodiger 6y agoEffective arbitrage is required for efficient markets. Again I'll repeat: the sheer fact that this is all decentralized/identity-less is already a novel aspect. The specific DAO's I linked to build products that allow for shared arbitrage profits and an autonomous decentralized stablecoin respectively- the utility is found in the effective distributed markets they help optimize. The very fact that you can trade coins or earn interest on a loan in a decentralized manner is the utility. Composable financial legos are pretty useful.