MakerDAO is destroying DAI
2y 9d ago by lemmy.sdf.org/u/BD89 in cryptocurrency@lemmy.ml
You can read about it on their blog. Its over. Does anyone know any other unfreezable stablecoins? Honestly this might be the end of crypto for me. I truly can't believe they are doing this.
Monero is the way forward. It's not a stablecoin per se, but it is quite a bit more stable than most other cryptos, because it actually has people using it day to day as currency.
Don't meddle with "stable-coins".
They are pointless since they:
- Do not replace fiat
- Are not stable since inflation on fiat
- Are more risky then fiat
Only crypto you should still care about these days is Monero.
Also, who cares?
We need a commodity backed stable coin. Carbon capture? Energy via hashrate?