Trusted third parties are security holes. To try to fix them without advanced computer science & copious computational resources, they inevitably end up being obsessed about governance. That's the layman's best clue that they are dealing with an insecure protocol.https://twitter.com/nlw/status/1151553014307704837 …
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I'm a little lost. When I said good protocols, I mean ones such as Bitcoin. Not some centralized payment processor. Did you miss understand me, or am I reading you point wrong?
A reliably stable coin that has the most important security characteristics of Bitcoin doesn't exist. Nobody AFAIK knows how to do it, and it may well be that it can't be done. So they sooner or later succumb to politics (Libra, it seems, sooner rather than later).
![Alan [Doesn’t post unsafe links] Siefert](https://pbs.twimg.com/profile_images/1120941802305929217/U8ZFJN45_normal.jpg)
![Giacomo Zucco [I identify as a -e^iπ vampire]](https://pbs.twimg.com/profile_images/1172971162919415813/Pn8O2gkx_normal.jpg)
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What about something like
$DAI ?Thanks. Twitter will use this to make your timeline better. UndoUndo
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If you include immutability from almost 11 years of POW as one of those characteristics, then I'd have to agree. However, regarding the decentralized aspects of security, the dynamic peg protocol being integrated on BitBay does have those. Whitepaper: https://bit.ly/2mKJUMp
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Bitbay solves the issue
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