In the attempt to dismiss the space as a whole, MSM commentators often state that cryptocurrency is nothing more than a number on the screen intended to be bet on. What if there was a way to differentiate between use value and speculative value?
We will take a look at how professional arbitrageurs expand and contract the supply of a stablecoin based on the current demand of the market, how Dai’s model is different and why the lack of a professional arbitrage model makes Dai fundamentally unscalable.
What do people mean when they say that regulatory clarity will usher in a bull market?
Consider me a skeptic when it comes to custody’s long-term value proposition for crypto as a whole. Custody without insurance is security theatre — you are simply swapping out one holder of your private keys for another.
Until now, it was impossible to have strong property rights in places with a weak local government. Bitcoin does not depend on the existing system in any way and can give us the highest form of property rights.
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