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The Breakdown

Multi-Collateral DAI goes live / Not so privacy coins / Crypto fundraising & M&A

The Breakdown

Blockworks

Investing, Business

4.8806 Ratings

🗓️ 19 November 2019

⏱️ 16 minutes

🧾️ Download transcript

Summary

After a huge amount of work, MakerDAO's multi-collateral DAI is live. Only one new token (Brave's BAT) is in the ecosystem, but it heralds the beginning of a new era. In the world of privacy coins, the MimbleWimble protocol is pushing back against a theoretical attack that some say invalidate its privacy features. Finally, Gemini makes its first acquisition.  Watch: https://www.youtube.com/nathanielwhittemorecrypto

Transcript

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0:00.0

Welcome back to another Crypto Daily 3 at 3.

0:04.0

What's going on, guys? It has been a minute.

0:07.0

Behind the scenes, I'm working on some interesting stuff.

0:10.0

I'm not quite ready to announce it, but it should be very exciting for those of you who enjoy this content.

0:17.0

So keep an eye off for that, but for now, back to the regularly scheduled podcast

0:22.1

and video content. So we're going to dive right in. Today we're going to be talking about

0:26.2

multi-collateral die. Second, we're going to be talking about privacy coins and the potential

0:30.8

vulnerability they're in. And third, we're going to be talking about some financing in the space.

0:35.2

So let's start with multi-collateral dye. Obviously, we've talked

0:38.6

about this before on Long Read Sunday. We've talked about it on 3 at 3. Naker Dow and

0:43.9

die are the most significant project in the DFI space. It's hard to argue any differently.

0:49.6

And one of the things that they've been working on for a while is moving from a single

0:53.5

asset or single collateral die, where Ethereum is the only collateral that's used in

0:58.2

the system to a multi-collateral die where multiple different assets can be used to

1:02.5

collateralize the die system.

1:05.0

And so the idea is that if multi-collateral die goes live and it works, it means more resilience for the system, right?

1:11.6

You're not subject to the price shock or demand shock or whatever

1:14.6

around any one particular asset like Ethereum.

1:17.6

Now, on the other hand, it potentially introduced a lot more complexity as well.

1:21.6

And some folks have been worried that it's too early

1:24.6

to introduce that additional layer of complexity and what's more, relative to the

1:28.7

other crypto assets that might be included in a multi-collateral die package, Ethereum is likely

...

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