Topic: What do you think about this stablecoin? - page 2. (Read 311 times)
The only bad thing what could happen to DAI is a smart-contract hack, something what happened to DAO project. But this is highly unlikely because DAI has been here for a long time (for about 5 years?).
Stablecoins are a temporary solution for investment plans. Storing value, but cannot be an investment, because Stablecoins will not change its value, because it is always a 1: 1 ratio with a fixed money asset.
That's why I don't keep the stablecoins. About DAI I heard only now. I rarely use USDT and USD too on the exchenges. Mostly I use pairs ETH and BTC. By the principle of cryptocurrency to cryptocurrency.
I think that DAI is the most intresting decentralized stable coin but still not so popular
Stablecoins are a temporary solution for investment plans. Storing value, but cannot be an investment, because Stablecoins will not change its value, because it is always a 1: 1 ratio with a fixed money asset.
if the price moves up and down, that means it's not a stable coin, but I personally prefer to swap it directly into fiat money, because some exchanges already support it.
DAI stable coin looks interesting, but it has very low trading volume.
Probably Tether needs to be banned or charged so we can see more volume on DAI
and on all other stable coins.
Question is will this ever happen or Tether will still flow in this grey area?
Probably Tether needs to be banned or charged so we can see more volume on DAI
and on all other stable coins.
Question is will this ever happen or Tether will still flow in this grey area?
I support projects like that. when a lot of stable decentralized coins are out there, it will open up opportunities for other businesses. now there are quite a number of stable coins out there, not just DAI, and I think there are enough people who are interested in that, especially if the system is decentralized.
So it's DAI, a decentralized stablecoin backed by ETH.
History has proved that Dai succeeds even in a falling ETH environment. When the value of ETH fell from $1,400 USD in January 2018 to $400 in April 2018, the Dai system’s incentive structure successfully kept the value of Dai pegged to $1 USD.
Unlike Tether (USDT), Dai is completely decentralized. You can see how it works at https://www.hb-wallet.com/post/how-dai-stablecoin-works
What do you think about this stablecoin and its future?
I heard a lot of DAI and read how it was working to become a stable coin, DAI was not backed by fiat or whatsoever It was backed by Ethereum thats why its uniquely tied with also a cryptocurrency to make its value stable, But honestly im not holding DAI or using it since i was prepare to use USDT for a long time already to be honest IMHO i dont care if those stablecoin was not fully decentralized after all its just a stable coin and dont fluctuate much like the cryptocurrency does. thats why im not holding it for long time or it was just transitional usage to make my holdings value and price stable for awhile. History has proved that Dai succeeds even in a falling ETH environment. When the value of ETH fell from $1,400 USD in January 2018 to $400 in April 2018, the Dai system’s incentive structure successfully kept the value of Dai pegged to $1 USD.
Unlike Tether (USDT), Dai is completely decentralized. You can see how it works at https://www.hb-wallet.com/post/how-dai-stablecoin-works
What do you think about this stablecoin and its future?
Decentralized stable coins are good and in the future I see it being used a lot, But currently Tether,USDC etc.. are used more. I don't wish to hold a lot of USD, If I wanted to, I'd consider using DAI. (There probably will be more decentralized stable coins).
I prefer to hold USDT because this is the safest stable coin in this market and until now this coin has always maintained at $1. High trading volume and high liquidity are the reasons why investors choose USDT so there is no comparable coin. There are actually many stable coins at the moment, and that could have a huge impact on this market because we can't know which is the best coin.
Decentralized stable coins are good and in the future I see it being used a lot, But currently Tether,USDC etc.. are used more. I don't wish to hold a lot of USD, If I wanted to, I'd consider using DAI. (There probably will be more decentralized stable coins).
That kept the price because it was stable because if it won't then it does not belong to stable coins. However, I forgot this one stable coin which was kind of old that lost its value already and that was made as a stable coin. IMHO, Dai is being far from that situation and I'm not even holding or converting my funds to DAI or any stable coins out there. With the other stable coins in the crypto market today, I hope that there will be no addition anymore to the list.
Dai, i remember seeing this project again and again in the platforms that i use for crypto such as HuobiGlobal, Coinbase and the other highly trusted blockchain projects. Dai proved itself, it did gather my interest in it. I would love to try it someday but i'm still confused between Dai and USDT and USDC and the other stable tokens/coins. It's good to have them around but regulating them and inspecting their supply regulary is a must. I do promise you that i'll use Dai oneday. It rocks!
DAI stablecoin is the best solution nowadays. All other stablecoins are backed by USD and not by 100 percent, which leaves a lot of space for money laundering. DAI is a decentralised solution which is the most obvious choice for me.
So it's DAI, a decentralized stablecoin backed by ETH.
History has proved that Dai succeeds even in a falling ETH environment. When the value of ETH fell from $1,400 USD in January 2018 to $400 in April 2018, the Dai system’s incentive structure successfully kept the value of Dai pegged to $1 USD.
Unlike Tether (USDT), Dai is completely decentralized. You can see how it works at https://www.hb-wallet.com/post/how-dai-stablecoin-works
What do you think about this stablecoin and its future?
History has proved that Dai succeeds even in a falling ETH environment. When the value of ETH fell from $1,400 USD in January 2018 to $400 in April 2018, the Dai system’s incentive structure successfully kept the value of Dai pegged to $1 USD.
Unlike Tether (USDT), Dai is completely decentralized. You can see how it works at https://www.hb-wallet.com/post/how-dai-stablecoin-works
What do you think about this stablecoin and its future?
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