Road to Productive asset backed money

The 4 pointed star

FIAT

GOLD

BITCOIN

STABLE COINS

USDC is unlikely to scale beyond a point as it requires collateralization of actual cash. USDT is magic money based on collective delusion.

SNX value is derived from the trading platform and you cannot mint more SNX than what the traction of the trading platform dictates. sUSD cannot be minted at scale.

DAI technically can scale especially now that it can allow other assets beyond ETH. However where DAI has been struggling is its ability to hold its peg.

A stable coin that accepts various different forms of collateral like DAI but has a SNX like mechanism to achieve its peg.

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