Maker is an experiment into the possible future of crypto DeFi and all eyes are on it. If DAO/DeFi stands a chance of success the community size needs to grow and be enough to stop it from collapsing in on itself. Is it? Will it?
The project has strength in the $DAI which most would at first think is a strength if one would think that the $Dollar was strong, can be strong, and is not a deflationary asset that loses its value every second of every day. Then there is the MKR as governance which, well, that is one way of using a token for utility but that feels like lobbying for change which actually due to the $DAI ERC20 token can have a real effect on $DAI holders. $DAI is not inflation-proof (deflationary) and also not in line with the changing world currencies in which it is intended to be utilized.
So where does this all sit? Ethereum is being hit by the SEC in the United States for its pairing with the USD. So is this also going to domino to the DAI?
Maker is a project in the spotlight but also in the crosshairs on more than one level. I like the DAO concept but Maker has not in my opinion nailed the best way to do that. Show Less
