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RE: Great and Terrible News: Hardfork Inc
I'm not sad about it at all. We change names and cut off the Steemit Inc tumor. It's going to be exactly the same chain imo... except better.
I'm not sad about it at all. We change names and cut off the Steemit Inc tumor. It's going to be exactly the same chain imo... except better.
Hi @edicted
I have a unrelated question. Since you use the MakerDao; I have a question for you:
The MakerDao prints Dai to give to loan takers, which they in turn sell on the exchange for dollars, which creates downward pressure on the price of Dai. Why doesn’t the MakerDao go into the Msrket to buy Dai, thus adding upward pressure on the price instead of downward pressure by printing Dai a traditionally inflationary practice. ??
Users are supposed to buy Dai and use it as a stable coin.
When Dai is under $1 it is expected that CDP holders will buy to pay back their loans at a cheaper price.
Okay. Thanks