@Gwestcot mholdy.xpr have either of you listened to the Twitter

Question

@Gwestcot mholdy.xpr have either of you listened to the Twitter

Spaces from earlier today? This is very much being taken seriously, with many options explored and some immediate next steps outlined. As a decentralized, community-driven project, things can only move so fast. And I'd rather we take a modest amount of time to discuss and test before rushing into quick fixes because it feels like an emergency to some.

#blockchain #cryptocurrency #defichain #english

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16.06.2022

7 ответов

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Echo Pleks Автор вопроса

Gregory Westcott
Yes of course I have. But if this isn’t resolved t...

You could use that same "doom & gloom" sentiment about literally anything. If we don't stop climate change, humans are likely a planet killer. Why assume it's not going to be solved when you're talking about a project that had a very serious exploit and worked together to resolve it? I don't think it's fair to just throw DefiChain in with all of the shitcoins and scams out there. How quickly many forget just how bleeding edge and nascent this entire space is, let alone anything post-Bitcoin. If you're investing in crypto with a low risk profile, well... ¯\_(ツ)_/¯

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16.06.2022

Kassius84

Gregory Westcott
Yes of course I have. But if this isn’t resolved t...

The dUSD issue will be fixed. It just need some times to discuss the best solution and then have a masternode voting on this approach.

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16.06.2022

Gregory Westcott

Kassius84
The dUSD issue will be fixed. It just need some ti...

Fixed for now or just fixed? My opinion is that it cannot be fixed but possibly just fixed for now.

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16.06.2022

Kassius84

Gregory Westcott
Fixed for now or just fixed? My opinion is that it...

There are various approaches in discussion, to find a long term solution to bring dUSD back to 1 USD. A long time solution will probably take some time to reach this target. Why do you think it's not possible to fixed in generally?

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16.06.2022

Gregory Westcott

Kassius84
There are various approaches in discussion, to fin...

Basically because algorithmic pegs don’t ever work long term. In this case, even if it’s partially algorithmically pegged. There is always an unforeseen crisis or a part of the system that can be gamed. There is basically no way to predict every possible outcome.

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16.06.2022

Kassius84

Gregory Westcott
Basically because algorithmic pegs don’t ever work...

dUSD is a hybrid coin, not a purely algorithmic coin 😃 A part of dUSD is secured with other cryptos. The larger part of dUSD was created in exchange for burned DFI or burned dTokens. Part of the solution considers increasing the number of dUSD secured with Cryptos while increasing the burn rate for other dUSD. Only dUSD secured with cryptos brings other problems, such as a very high premium 👍

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16.06.2022

Gregory Westcott · Accepted Answer

Gregory Westcott

Yes of course I have. But if this isn’t resolved then it is likely a project killer. I have been around multiple cycles and seen many projects come and go. If this isn’t done relatively quickly and effectively then it’s a killer.

0

16.06.2022

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@Gwestcot mholdy.xpr have either of you listened to the Twitter

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