What do you think about this stablecoin?

[HB Wallet]

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?

[r_delossa]

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.

[FaucetKING]

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!

[batang_bitcoin]

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.

[LuckyBtc]

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).

[rez303]

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.

[masterrex]

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.

[DarkIT]

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.

[notblox1]

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?

[knuckey]

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.

[mmo_online_1981]

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.

[santiagomaicon]

I think that DAI is the most intresting decentralized stable coin but still not so popular

[Mila52]

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.

[landoffaucets]

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?). 

[indika]

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.

yes stable coins are not the investment opportunity but it offer free mind when it widely acceptable and truly backed by real currency.also it can use for transfer money within exchanges

[crazy-pilot]

In my opinion, this is a great decentralized stablecoin. Too many stablecoins have appeared on the market, many people are confused and do not know which coin to choose. DAI is currently a great choice.

[lolgato1]

These decentralized stable coins perfectly follows the cryptocurrency idea.
Vitalik Buterin said a long time ago that future is in decentralized exchanges and decentralized stable coins perfectly complement the entire decentralized ecosystem. 

[Cult]

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 can’t say anything for this coin, since I don’t use it, but after reading the reviews of people I think I’ll take a closer look

[Jolly.Roger]

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 think decentralization doesn't go well with stablecoin. For talkenov more important credibility to the project which it produces.

[lionheart78]

I read the link given by the OP and I find DAI goal amazing.  It is a brilliant idea to go in a lender's path to subsidize the platform  and make profit from fees.

I think decentralization doesn't go well with stablecoin. For talkenov more important credibility to the project which it produces.

That is for DAI to prove that it is possible for a decentralized stablecoin to exist in the market, and it seems they are doing great since it is almost 2 years since they are in circulation and operation.  In my POV, this kind of stablecoin will survive unless their developers fucked up.

These decentralized stable coins perfectly follows the cryptocurrency idea.
Vitalik Buterin said a long time ago that future is in decentralized exchanges and decentralized stable coins perfectly complement the entire decentralized ecosystem. 

Sad thing is there is no absolute decentralization since platform is always created, maintained and supervised by a small group of people.