Bitcoin Forum
June 16, 2019, 06:15:20 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Dai Stablecoin  (Read 142 times)
ulhaq
Sr. Member
****
Offline Offline

Activity: 467
Merit: 276


View Profile
May 02, 2018, 05:43:06 PM
 #1

Came across this purported stablecoin Dai:
https://makerdao.com/whitepaper/DaiDec17WP.pdf

Only, like others, I do not see how it is sustainable or a good idea.

Ether (and other cryptocurrencies in the future) is locked into a smart contract and held as collateral. However, if the value of ether plummets, then there will not be enough collateral to cover the 1.00 USD price of Dai. They describe 2 other mechanisms to stabilize the price, but in a falling market, none of them will be sufficient.

The Bank of England learned in 1992, the hard way, that their peg could not be maintained. Why do these crypto companies think that they can achieve it?
1560665720
Hero Member
*
Offline Offline

Posts: 1560665720

View Profile Personal Message (Offline)

Ignore
1560665720
Reply with quote  #2

1560665720
Report to moderator
1560665720
Hero Member
*
Offline Offline

Posts: 1560665720

View Profile Personal Message (Offline)

Ignore
1560665720
Reply with quote  #2

1560665720
Report to moderator
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
jjbanks994
Jr. Member
*
Offline Offline

Activity: 196
Merit: 1


View Profile
May 24, 2018, 08:30:58 PM
 #2

Not the biggest fan of maker. You should read this article about stablecoins: https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#16a8a1c04fc6

My personal favorite is Havven. https://havven.io/
cointopper
Newbie
*
Offline Offline

Activity: 28
Merit: 2


View Profile
June 01, 2018, 02:38:04 AM
 #3

Hello Dai believers,

Our aim is to add value to the whole crypto community by giving the best user experience to analyse cryptocurrencies.

It would be really great help from your side if you can spend 60 seconds of your time and give us your valuable feedback for our two recent updates 1) Snapshot and 2) Colourful interface of Dai at: https://cointopper.com/coin/dai

Constructive criticisms are always welcome at CoinTopper.  Thank you!!
CryptoCoin101
Newbie
*
Offline Offline

Activity: 140
Merit: 0


View Profile WWW
June 16, 2018, 09:15:13 AM
Last edit: June 16, 2018, 09:31:07 AM by CryptoCoin101
 #4

The Bank of England learned in 1992, the hard way, that their peg could not be maintained. Why do these crypto companies think that they can achieve it?

Quick link: https://en.wikipedia.org/wiki/Black_Wednesday
Bytem3
Full Member
***
Offline Offline

Activity: 644
Merit: 107


View Profile
September 24, 2018, 08:19:02 PM
 #5

MakerDAO just got a $15 Million investment from a crypto fund:

https://coincodex.com/article/2390/makerdao-receives-15-million-investment-from-a16z-crypto-fund/

Best way to LONG/SHORT Bitcoin. Up to 66x leverage. Register on BitMax now!
Wibizza
Member
**
Offline Offline

Activity: 225
Merit: 10


View Profile
October 19, 2018, 10:50:06 AM
 #6

The Dai Stablecoin is set at the value of one US Dollar, built on Ethereum and developed by MakerDao team, can be created through depositing Ether into contract-smart and therefore always fully guaranteed. The requirements for stablecoin that allow low risk arbitration between different cryptocurrency exchanges.
dreamax25
Full Member
***
Offline Offline

Activity: 271
Merit: 103


GigTricks - World First Integrated Freelance


View Profile
December 19, 2018, 12:26:40 PM
 #7

Dai got listed on Coinbase Pro.

https://coincodex.com/article/2775/coinbase-pro-lists-mkr-zil-dai-and-gnt/

Dinmazsae
Member
**
Offline Offline

Activity: 308
Merit: 10


View Profile
March 22, 2019, 02:59:21 PM
 #8

Dai is a hard currency supported by assets for the 21st century. Stablecoin was first decentralized on Ethereum blockchain.
Dai is a reliable source of stability in the face of volatility. Every Dai is backed by collateral at any time, so you don't have to worry about value going up or down.
Dai stands to change the financial industry by creating a stable and decentralized currency that will enable businesses to realize the future of money.

CoinCodex
Jr. Member
*
Offline Offline

Activity: 281
Merit: 6


View Profile
May 07, 2019, 07:32:39 AM
 #9

MakerDAO increased the stability fee to a staggering 19.5% in an attempt to fulfill DAI's role as a dollar-pegged stablecoin.

https://coincodex.com/article/3543/makerdao-increases-stability-fee-to-195-in-effort-to-bring-dai-to-its-fiat-peg/
glendall
Legendary
*
Offline Offline

Activity: 1162
Merit: 1001



View Profile
May 07, 2019, 07:51:14 AM
 #10

I have read the DAI actually an old project, even before crypto appeared,
but after crypto appeared DAI began to become part of crypto and became a stable coin,
but how about DAI is one stable coin that uses source eth.

              ███
             █████
            ███████
           █████████
          ███████████
         █████████████
        ███████ ███████
       ███████   ███████
      ███████     ███████
     ███████       ███████
    ███████         ███████
   ███████           ███████
  ███████             ███████
 █████████████████████████████
███████████████████████████████
.
M!RACLE TELE
...BRINGING MAGIC...
...........TO THE TELECOM INDUSTRY...........

██
██
██
██
██
██
██
██
██
██
40% Biweekly Rewards
▬▬▬   Calls at €0.2   ▬▬▬
Traffic from €0.01 worldwide

██
██
██
██
██
██
██
██
██
██
      ██         ██     
        ▀▌     ▐▀       
       ▄██▄▄▄▄▄██▄       
     ▄█████████████     
   ▄█████████████████▄   
  ██████▄██████▄██████   
 ▐█████████████████████▌
  ██████▀███████▀██████ 
  █████   █████   █████   
  █████████████████████   
  █████████████████    
    ███████████████     
 ▀██▄ ████████████  ▄██▀
      ▀██▀   ▀██▀   
       ▄█       █▄
ANN
Lightpaper
Bounty
Facebook
Twitter
Telegram
igorttomic
Copper Member
Newbie
*
Offline Offline

Activity: 154
Merit: 0


View Profile WWW
June 03, 2019, 09:31:48 PM
 #11

DAI Token Integrated For Tipping on Publish0x: https://www.publish0x.com/publish0x-official-blog/dai-token-integrated-for-tipping-on-publish0x-xryydn

Check out Publish0x BitcoinTalk ANN here. Publish0x is a crypto agnostic publishing platform on which both authors and readers earn crypto. Connect via Telegram - http://t.me/Publish0x
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!