Avi Felman
Apr 26 · 1 min read

The last point is a misunderstanding of market economics. If take is permanently taken off the market there is an effective reduction in supply. It is definitely not equal to a savings for the reason that you outline: it is permanent.

Demand will stay constant. This will drive up the price, simple supply & demand.

This scheme is game-able if you are allowed to make large sells via the DAIhard platform.

My solution:

Do not allow sellers to place cumulative sell that exceed .05% of total DAI supply at any time. Or some other threshold based on calculations. Happy to chat about this with you offline.

    Avi Felman

    Written by

    WashU ’17. Crypto enthusiast. Builder of three multi dollar companies @BearStudios, @VentureFocus, @LedgerCapital. Telegram @delta_neutral