Comment

Comment by hal9000xp

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/

So I'm accumulating position in MKR.

Here is YC interview with backer of MakerDAO:

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-b...

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

Failed stablecoin example:

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...

parent hal9000xp 8 years ago

No comments yet

Be the first to share your thoughts.

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton