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DAI is a stablecoin not relying upon off-chain backing.
by landemva 5y ago
DAI is a stablecoin not relying upon off-chain backing.
- kragen 5y agoThank you! I didn't remember that, though I must have heard of it at some point. However, its metric of "stability" is apparently US$1, so by holding Dai you are still betting that the Federal Reserve will not decide to make its money machine go brrr. Holding Bitcoin involves no such bet on politics, though it certainly has a lot of short-term volatility.