MakerDAO is destroying DAI (lemmy.sdf.org)

submitted 7 months ago by BD89@lemmy.sdf.org to c/cryptocurrency@lemmy.ml

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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.

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[-] Rikj000@discuss.tchncs.de 3 points 7 months ago

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.

[-] banghida@lemm.ee 3 points 7 months ago

Also, who cares?

[-] sexy_peach@beehaw.org 2 points 7 months ago

What blog post? Can't find it.

[-] shadow06@lemmy.ml 1 points 5 months ago

We need a commodity backed stable coin. Carbon capture? Energy via hashrate?

this post was submitted on 19 May 2024

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