So far Dai from MakerDAO is stable at a median price of $0.99
MakerDAO is the first true stablecoin for Ethereum. Unlike Tether which has a central point of failure the Dai is truly decentralized. Dai is supposed to always be worth more than $1 and so far while it is still within 1 cent of a USD it is showing as a proof of concept that it can work. We on Steem have the Steem Dollar which has a lot of variance in price so from a point of view of being a stablecoin the Steem Dollar is not exactly stable. The Dai if it can prove to be stable can be a place to hold value.
What about the change in the law which makes crypto to crypto trades taxable? It is because of the capital gains taxes that even holding Dai might not be idea. That said there are still reasons to hold wealth in Dai on Ethereum besides unregulated decentralized exchanges. The success of Dai will improve the utility of Ethereum for the better in the long term but Ethereum still has some problems to solve.
I think it makes sense for me to hold Ethereum because I think sharding will make Ethereum scalable. Theoretically the evidence suggests that sharding can work. Proof of Stake is controversial but the hybrid approach will give the community time to find out the risks vs benefits of Proof of Stake.
The fact that Maker is a DAO means that it is possible for anyone, anywhere to become a part of Maker and help act as the backbone of the Dai economy.
I am going to hold Ethereum too, thank you for this helpful post @dana-edwards, I wish you a great day.
Yeah SBD is quite unstable, especially lately. I wonder will we ever see a stable price of 1$ on SBD. Dai seems to be doing great, but don't you think it's possible that it will become unstable im the future as well?
ether will also be in great decline in near future.but it will not last too long then it will rise again.it can even double the current price.
Thanks for highlighting such important issue, i totally agree with about SBD is not stable at all and holding ETH could be the correct decision since MakerDAO is demonstrating the meaning of stability in cryptocurrency world.
It's easy to remain stable when your collateral ETH increases in value. I'm genuinely curious how will DAI perform during an ETH correction.
SBD didn't make it out of the way. I was thinking about investing in the SBD, but I'm a little nervous. I have no interest in ETC, I'm holding the BTC. With the rise of BTC, it will appear in coins, including the other SBD.
I did a BTC-USD analysis. If this breaks the lines I draw, the Ascension will begin.
@dana-edwards Review the BTC-USD analysis and please
https://steemit.com/btc/@forexmaster/btc-usd-time-to-go-up
Good analysis @forexmaster
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Any individual who could and couldn't go to was ready to pay the $ 1000 extra charge. The reason is the potential smart contract thoughts that have the ability to achieve a large number of dollars in a single day, where data can be passed on accordingly. Thinking about this, the eventual fate of Ethereum appears to be very splendid..😊😊😊😊😊
MakerDAO is the first true stablecoin for Ethereum and it will be good to invest on it right now..thanks for this useful information