[bisq-network/proposals] Implementing Bisq DAO with RSK (#276)

chimp1984 notifications at github.com
Sun Nov 1 23:52:30 CET 2020


@ManuFerrari Thanks for the info and links.
My main problem with stable coins is that I have never seen one so far being honest with the question who pays the costs for the pegging. A peg is a hedge and some party takes the risk for a fee. That is fine as long it is transparent. But all stablecoins I know are free to use, so the user who benefits from the stability (hedge) does not pay the costs. Who pays it?
Usually the investors who don't fully understand the scheme. I talk from own experience when I invested in an early stablecoin (NuBit) via NuShare and got burned for my mistake to not study how it really works before putting money in. It worked pretty good until BTC went on a mega really and then it collapsed.

So please don't misunderstand me, I find stable coins an important instrument, and I don't know anything about DOC, so not implying anything, just genuinely interested in an answer to my above question (who pays the costs). The reason I count most stable coins as casino or max. as "the another fiat" is because they are usually built on (for investors) hard to understand concepts (thus it is a high risk investment) and because they are not trust-minimized/decentralized (you have to trust the issuer/managers thus its just a private form of the FED). This second element makes it also nearly guaranteed to fail once it becomes successful. Libra has shown how the government react when they felt challenged. Tether is still too small to be relevant for their attention but they will face a similar end IMO. The last holder will regret at some point realizing that 1 USDT is not 1 USD.

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