Nice note. I think the stable coins are very fascinating. It looks like Dai is winning the relationship battle. It’s only a matter of time before icos either request Dai or immediately convert to Dai. Havven is interesting because they benefit from transaction fees and movement of stable coins. Their natural allies would be people like tenx and Monaco, people focused on spending or the remittance market. Places with lots of movement of coins. I am not sure where basecoin fits.