Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
fiatjaf
on Oct 23, 2018
|
parent
|
context
|
favorite
| on:
Coinbase is launching support for the USDC stablec...
Seriously, what is the point? Even if this is a perfectly honest and functioning system, if you're using a currency that is pretty much like the dollar, regulated as the dollar, inflated as the dollar, why not just use the dollar?
lacker
on Oct 23, 2018
[–]
Since it's an Ethereum token, you can write smart contracts that use dollars instead of smart contracts that use ETH.
rlucas
on Oct 23, 2018
|
parent
[–]
Buuuutttt, since it's
not dollars
you have to trust that a market maker counterparty will stand behind the peg when you do want to liquidate.
Consider applying for YC's Spring batch! Applications are open till Feb 11.
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
