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This is like giving central-bank levels of power to private entities. Which obviously follow from de-centralization. It’s insane. The only way this could be a
by ricardobeat 5y ago
This is like giving central-bank levels of power to private entities. Which obviously follow from de-centralization. It’s insane.
The only way this could be a reliable replacement for our existing financial systems, would be with strong oversight from.. some kind of central entity that acts on behalf of society’s collective best interests.. staffed by people chosen through popular voting..
- landemva 5y agoI stay away from USDT. The sooner it disappears, the better. We no longer need central authorities to create good trusted products. Centralized can suck (communism, Federal Reserve bailouts of banks they regulate). DAI decisions are decentralized and done by the DAI holders. You may want to check it out.