this post was submitted on 19 May 2024
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Cryptocurrency

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MakerDAO is destroying DAI (lemmy.sdf.org)
submitted 3 months ago by [email protected] to c/[email protected]
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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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[–] [email protected] 4 points 3 months ago

Monero is the way forward. It's not a stablecoin per se, but it is quite a bit more stable than most other cryptos, because it actually has people using it day to day as currency.

[–] [email protected] 3 points 3 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.

[–] [email protected] 2 points 3 months ago

What blog post? Can't find it.

[–] [email protected] 2 points 3 months ago

Also, who cares?

[–] [email protected] 1 points 1 month ago

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