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 6 months ago by BD89@lemmy.sdf.org to c/cryptocurrency@lemmy.ml
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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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[–] Rikj000@discuss.tchncs.de 3 points 6 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.