$DGB dropped 86% from 2024 peak. DigiDollar's 300% collateral would have been underwater for peak minters.
But launching near price lows is actually protective, a 300% mint today at $0.0027 breaks even at $0.0009. A level DGB has never sustained.
Don’t sweat the drop! 😎
@Sumtoshi That is exactly the chicken and egg scenario. 🤣 Every payment network starts there. The crack in it is mining pools who have operational reasons to mint without needing DD to be widely accepted yet. That’s how bootstrapping starts. Whether it does is the open question.
@Sumtoshi Real use case: mining pools fund dollar expenses without selling mined DGB removing the constant sell pressure suppressing price. AI agents need permissionless stable value and can’t use KYC rails. Two non-speculative demand sources. That’s not a gimmick it’s the egg!
@Sumtoshi Fair criticism until mainnet launches, but it’s a chicken and egg critique. Once DGB gets locked as collateral at scale, the supply dynamics change completely. That hasn’t happened yet. judge it when it does.
@lenny1281516 Minting won’t drain the supply on the exchanges. Only buying $DGB from the exchanges and removing it will drain them. Minting is local to your core wallet on DGB that’s already off the exchanges.
@TrampledF It’s the other direction that’s the problem. Had you minted at the 2024 $DGB peak, you would be upside down at today’s prices meaning it would cost more DigiDollars to unlock your $DGB than you originally minted. You’d simply have to wait and hope for the $DGB price to recover.
@tomthomas2029 Yeah, but I’m referring to .0009 for the DigiDollar peg to hold were it launched today and should the downward trend continue with 300% minting. The lower the $DGB price at these lows the higher likelihood the peg holds is the point and that’s vital for a successful launch.