Posts

avatar of @khaleelkazi
25
@khaleelkazi
·
·
0 views
·
1 min read

DAI is one of the most interesting ones out there. There are other risks outside of centralization risks that are carried with other coins - i.e. USDT. Instead, DAI is protocol-driven and not entirely decentralized, but much more so than others.

I don't trust any stablecoins to be completely honest and I also don't see much of a point in holding any signficant value in a stable coin (for someone in my position) outside of temporarily when I'm in between Bitcoin buying opportunities.

Holding BTC is my "stable coin". It's the thing I hold on to and expect to not only hold its value, but increase over the long haul. That said, I still see the value in crypto-backed loans and other use cases like the DAI ecosystem.

Posted Using LeoFinance Beta