> Loans no, not at all. https://makerdao.com/dai/ $80M DAI issued so far... | Hacker News

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omarchowdhury on Feb 18, 2019 | parent | context | favorite | on: A faster, more efficient cryptocurrency

> Loans no, not at all.

https://makerdao.com/dai/

$80M DAI issued so far...

Isomatik on Feb 18, 2019 [–]

That's only useful as a hedge for ETH. A mortgage where you have to put down 373% of the value of the house in liquid currency as collateral is not competitive in the slightest.

https://mkr.tools/

omarchowdhury on Feb 18, 2019 | [–]

Sure, but I'm responding to the disingenuity or possibly the ignorance of saying "no loans, at all."

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