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How does Maker for example not create any value? They’ve built a decentralized USD-pegged token, how is that not worth something?

• KirillPanov 5y ago
  Maker is just an index fund of centralized USD-pegged tokens: USDC and Tether. Selling an index fund with only two relevant components, which your customers could have bought directly, does not add value.
  • ejanus 5y ago
    I don't think Maker is index fund. How?
    • KirillPanov 5y ago
      You can think whatever you like, but in times of crisis all that matters is collateral. MakerDAO is collateralized by Tether and USDC.
      • ejanus 5y ago
        They use array of tokens as their collateralized assets. I don't think they even include the tokens you mentioned.