Bitcoin, Ether Rally as Tether Untethers

OVERVIEW
Today's run up in the prices of Bitcoin, Eth and other cryptocurrencies have been dangerously misleading - more black swan than anything else. Listen in to this call, courtesy of my client:

WHERE TO NOW?
MarketPunks have been big fans of the Maker Dao project as a stable coin alternative option that also happens to offer much more. Unlike the merky Tether model, Maker Dao is completely transparent with their DAI offering. DAI is their stability token and is also meant to trade 1:1 with the US Dollar. However, unlike Tether, Maker Dao's DAI is not backed by fiat, using ETH as the primary asset with a built in collateralization ratio, making it as risk free as possible to achieve the objective of maintaining DAI stability.

DE-CENTRAL BANK
The added elegance of the Maker Dao model is the limited supply MAKER token (MKR), a governance token used to manage the stable coin. This means owning the MKR governance token is effectively ownership in a decentralized central bank or #DeCentralBank more fittingly. Maker Dao has since launched a multi-collateralized option to add yet another layer of safety.

TETHER Priced in USD

TAKEAWAY - Whether Tether recovers or not remains to be seen, but the shot of credibility is sure to inspire a rotation into stable coin alternatives. And given how impressive the Maker Dao project has been, it very well could emerge as the new stable currency everyone is willing to 'DAI' for.
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