Stablecoins with Rune Christensen

Blockchain – Software Engineering Daily

Blockchain – Software Engineering Daily에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Blockchain – Software Engineering Daily 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

5y ago 1:08:54

MP3•에피소드 홈

저장한 시리즈 ("피드 비활성화" status)

When? This feed was archived on February 23, 2022 05:08 (2y ago). Last successful fetch was on November 25, 2021 01:18 (2+ y ago)

Why? 피드 비활성화 status. 잠시 서버에 문제가 발생해 팟캐스트를 불러오지 못합니다.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Upcoming events:

A Conversation with Haseeb Qureshi at Cloudflare on April 3, 2019

FindCollabs Hackathon at App Academy on April 6, 2019

A currency can fulfill numerous financial use cases.

One use case is store of value: currency holders can reliably expect their currency to maintain some value, though that value may fluctuate over time. Another use case is speculation: currency holders are owning currency in the hope that the market price of the currency will increase over time.

Bitcoin is a useful store of value and an instrument for speculation. However, Bitcoin still does not fulfill the financial use case that most people need from a currency: price stability. The price of Bitcoin fluctuates rapidly, making it difficult to use Bitcoin for small purchases such as coffee.

Imagine you want to buy a cup of coffee with Bitcoin. The coffee shop owner needs to offer the option to sell you that cup of coffee using Bitcoin as the medium of exchange. This owner must denominate the price of that coffee as some number of Bitcoin. Since the price of Bitcoin fluctuates so rapidly, the coffee shop owner needs to adjust the price of that cup of coffee constantly in order to make sure that the coffee is cheap enough for the consumer to want to buy it, but expensive enough to make a profit.

It is hard to assign prices to market goods in terms of Bitcoin because the currency is in constant flux. Even though many of us would like to use Bitcoin in our everyday lives, most marketplaces are denominated in US dollars or other currencies because a marketplace needs a stable currency in order to operate.

Rune Christensen is the CEO of MakerDAO, a system that provides a price-stable cryptocurrency. MakerDAO is an elegant set of currencies, collateralized debt, smart contracts, and other incentive tools that result in the creation of several transparent, decentralized financial instruments.

Rune joins the show to talk about the importance of stablecoins and how MakerDAO has engineered a decentralized currency that has maintained stability even through tumultuous market conditions.

The post Stablecoins with Rune Christensen appeared first on Software Engineering Daily.

92 에피소드

#Cryptocurrency #Business #Smart Contracts #Tech #Blockchain Software Engineering Daily