MKR DAI

[wellington]

It's unfortunate that MKR DAO is changing to “sky” - I was reading the info guides

DAI previously was ideal as USDT has instability and USDC had a considerable amount of unknowns (talks of freezing and KYCing everyone) DAI was external of such backed in part by such but truly decentralized on chain with a RWA backing.

Now they've moved or moving to SKY USDS - Eligible users can convert and oh now it's on-chain freezing

So 1) gate keeper move
2) not decentralized or decentralized in name

Now the other issue MKR 1-24,000 split not sure what way that's going to go - but no real need for a split in swap

Not sure what alternatives there are oh and Swiss now thinks stable coins are like bearer accounts instead of cash equivalent so to deal with from source to conversion every person in the chain is expected to have been kyc and aml (that's all counterparties) in any deposits / conversions

 

[justnew]

You start to get more and more frustrated with the authorities and their nasty interference in the crypto market and movement. Why didn't we just keep them out, and more importantly, make sure that NO hedge funds or investors like BlackRock and all those other idiots who ruin everything could buy crypto?

What are our alternatives now to escape the surveillance?

 

[wellington]

justnew said:
You start to get more and more frustrated with the authorities and their nasty interference in the crypto market and movement. Why didn't we just keep them out, and more importantly, make sure that NO hedge funds or investors like BlackRock and all those other idiots who ruin everything could buy crypto?

What are our alternatives now to escape the surveillance?
Click to expand...

Pet rocks for surveillance, but not cap flight, nor commerce.

 

[JackAlabama]

wellington said:
It's unfortunate that MKR DAO is changing to “sky” - I was reading the info guides

DAI previously was ideal as USDT has instability and USDC had a considerable amount of unknowns (talks of freezing and KYCing everyone) DAI was external of such backed in part by such but truly decentralized on chain with a RWA backing.

Now they've moved or moving to SKY USDS - Eligible users can convert and oh now it's on-chain freezing

So 1) gate keeper move
2) not decentralized or decentralized in name

Now the other issue MKR 1-24,000 split not sure what way that's going to go - but no real need for a split in swap

Not sure what alternatives there are oh and Swiss now thinks stable coins are like bearer accounts instead of cash equivalent so to deal with from source to conversion every person in the chain is expected to have been kyc and aml (that's all counterparties) in any deposits / conversions
Click to expand...

swiss is luckily largely very irrelevant. This is just being pushed by the usual subjects to make the country poor and dependent.
First goes the banking, then the neutrality and then every innovation. The locals there are being bamboozled to much to realize it yet.

justnew said:
You start to get more and more frustrated with the authorities and their nasty interference in the crypto market and movement. Why didn't we just keep them out, and more importantly, make sure that NO hedge funds or investors like BlackRock and all those other idiots who ruin everything could buy crypto?

What are our alternatives now to escape the surveillance?
Click to expand...

you use what tools and methods you can and are available to you and on things which are censor resistant.

 

[diatessaron]

Founder was killed, what else can we expect? Nothing.