Dai
$1.00 0.46%
DAI · 2w

Maker should buy btc rather than mkr

I love this project but of course the question all tokens get is why don’t you do it with bitcoin. Given btc value will likely go up faster than makers buybacks (exponential vs linear) . Has any thought been given to buying btc instead of maker with the stability fees. Stability fees would buy bitcoin to a paper wallet in a smart contract. If there is global settlement this fund would be used before maker. Maker tokens would retain their voting rights. Btc sells (voted on ) could be used to fund dividends to maker or to Dai holders on one time maker buybacks when the price was particularly low. If the fundamtal flaw in utility tokens is they won’t store value as fast as bitcoin then why not make maker piggyback on bitcoin? Thoughts?
Go to self.MakerDAO
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