Stablecoin as explained by @prestonjbyrne He's right about this. And so is anyone with any sense...but it will be good for the shills selling the "utility tokens" that make it work.
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"Pretend you are at the bank asking for a home equity loan. You put up your house as collateral and they give you cash as a loan in return. If the value of your house decreases, they’re going to ask you to pay the loan back. If you can’t pay the loan back..."
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Replying to @_JohnWhelan @prestonjbyrne
You can pay back whatever Dai you have to reclaim that proportion of collateral.
7:32 AM - 19 Dec 2017
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