sidko

It doesn't matter that a business isn't making a business decision based on altruism. What matters is that the incentives of the users are aligned with those of the business

The loss of privacy in this case may not be worth using a public ledger.

In general though, I think it would be an interesting experiment if individuals can hold central bank money directly instead of going through commercial banks.

How do you define "1$ USD peg"? As of right now, the price of DAI is $0.98, 2% off its "peg". Asking as a serious question, since I see this statement a lot.

Banks have existed long before fractional reserve though. You really don't need fraction reserve for banks to exist.

The value of Bitcoin comes from social consensus. You cannot fork that. You can only fork a code repository. End of the day, it is just a bunch of 1s and 0s without a social consensus of value.