6 ms·
As tensions with USDT rise, my prediction is that MakerDAO decentralized stablecoin will take over the market in 2019. You can see how issued DAI market cap pum
by hal9000xp 8y ago
As tensions with USDT rise, my prediction is that MakerDAO decentralized stablecoin will take over the market in 2019. You can see how issued DAI market cap pumping up steadily all year long almost with no break:
https://mkr.tools/ https://mkr.tools/
So I'm accumulating position in MKR.
Here is YC interview with backer of MakerDAO:
https://blog.ycombinator.com/blockchain-investing-with-olaf-carlson-wee-and-aaron-harris/ https://blog.ycombinator.com/blockchain-investing-with-olaf-...
Andressen Horrowitz also increasing their position in MKR:
https://medium.com/makerdao/a16z-crypto-purchases-6-of-mkr-backing-stablecoin-vanguard-makerdao-ff410a692393 https://medium.com/makerdao/a16z-crypto-purchases-6-of-mkr-b...
https://medium.com/makerdao/maker-sells-12m-of-mkr-to-partners-led-by-andreessen-horowitz-and-polychain-capital-68b2b26548 https://medium.com/makerdao/maker-sells-12m-of-mkr-to-partne...
Although there are some concerns that it's economically impossible to create fully decentralized stablecoin. Historical example:
https://en.wikipedia.org/wiki/Black_Wednesday https://en.wikipedia.org/wiki/Black_Wednesday
Failed stablecoin example:
https://coinmarketcap.com/currencies/nubits/ https://coinmarketcap.com/currencies/nubits/
We will see as time goes on. Anyway, it's very interesting economic experiment.
P.S. So YC HN readers keep downvoting me even if I give links to interview on YC. Okay...