Awesome response — thanks! Really excited to see this platform progress and see how it is used.
By the way, do you see the primary use case of Maker growing into a stability coin or a liquidity/lending tool for other assets (e.g. ETH, house, etc.). If the former, do you know of any analogous concept that is used outside of…
Love the simple explanation — thank you!
With a home equity loan, you can enjoy your home and the loaned cash. That seems totally different than a CDP for ETH where you are giving up the ETH and can’t enjoy the benefits of it while borrowing DAI. Right?
Awesome post — crypto taxes are complicated and this helps explain some of the confusing situations. For folks looking for help with this, check out CoinTracker: a portfolio & tax manager for cryptocurrency that automates these calculations. Full disclosure: I built this tool.
Great points in the article. Some of this behavior is likely to be incentivized given these recent actions. That said, for folks who are looking to get their transactions in order and get their taxes filed properly, check out tools like www.cointracker.io which make this simple.