Recent content by Revoltec

Depegging is a risk

You assume I mean a 70% fall from 100k though. With stablecoins things are relative so I do not understand why you bring up nominal BTC prices.

This applies for long term gains which is set at 12 months. However, this law has been limited more and more for other asset classes and has also been discussed for years to be removed for crypto as well. But it seems like the discussion has cooled off a bit. However, things can move fast, just...

Well both ETH and BTC will probably fall over 70% for the coming 1-2 years so we do not know what that would mean for DAI.

Circle can blacklist the USDC that are used for DAI if it seems it as an undesirable service. Same can happen for ETH

How can it be more secure? Ethereum is falling, Circle can blacklist the USDC used for DAI and Ethereum can do the same for ETH. DAI is just a mix of USDC and ETH

Needs to be repeated as some people in this thread do not realize it sadly...

It is really hard to find a good solution. Everyone needs to decide what is best for his own situation. Bitcoin is the only thing that cannot be frozen but if you believe crypto will fall in the next 12 months you probably need to make a sub optimal solution with diversification. But to just...

Oh really? How do you explain that 1% of USDT supply is frozen while 1.7% of USDC supply is currently frozen? (That makes even Wise and Revolut look safer! At least they give back your money after having them frozen...) This is even worse than just holding USDC. Exactly, the whole protocol...

USDT can be frozen.

Explain why you think I am a fascist because I try to evaluate which is the best option of a stablecoin in order to avoid risk?

The USDC that DAI is using seems all to be held in one wallet held by coinbase

DAI is no better. Circle can blacklist the USDC used by them easily and it seems like all USDC is held by coinbase anyways. With ETH failing the risk of depegging is big as well.

Can you explain what you mean by investing into compound? Do you mean taking out a loan against your USDC? About 1% of USDT supply and ~1.7% of USDC supply is frozen currently so disparity is not in favour of Circle... And these numbers make even Wise and Revolut look as a safer option...

So 1% of USDT supply and 1.7% of USDC supply is currently frozen? That makes even Wise and Revolut look safer! At least they give back your money after having them frozen...