> But then you trust other people to even accept your Dai. There are literally thousands of cryptocurrencies. How many of them are at all viable (for any defini

> But then you trust other people to even accept your Dai. There are literally thousands of cryptocurrencies. How many of them are at all viable (for any definition of viable)? Dai can be exchanged 24/7 without a counter-party, with deep liquidity, on a variety of decentralized exchanges and mechanisms: Uniswap, Curve, Sushiswap, 0x, 1inch, and others. You can see and understand liquidity, volatility, emission schedules, and code transparently on-chain. You can't do this in the traditional system. > Just like you have to trust the gazillion bitcoin exchanges. It sounds like you might be impressed by the decentralized exchanges I mentioned earlier. You can exchange any crypto asset — "viable" or not — for any other, at a market rate, without a counter-party, and then liquidate the "more viable" asset via one of many exchanges or off-ramps. You have a lot of control over the risks you take.