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This is why I like Bitcoin.

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Though "This post is for paid subscribers", there is some info is in the first part of the newsletter issue available to all.

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This was also reprinted as an article on Bitcoin Magazine itself, and then shared here on SN:

The Ethereum Merge: Risks, Flaws And The Pitfalls Of Centralization
#60658
https://bitcoinmagazine.com/business/centralization-risks-and-flaws-of-ethereum-merge

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DAI's problem is that the demand for stablecoins is much greater than the supply of crypto available to overcollateralize them. This is by no means limited to Ethereum.

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