klochner

    In an email to Barron’s the head of the SIPC cast doubt on 
    the idea that it would insure checking or savings accounts.

    “SIPC protects cash that is deposited with a brokerage firm
    for one limited purpose...the purpose of purchasing
    securities,” wrote Stephen P. Harbeck, the president and CEO 
    of SIPC. “Cash deposited for other reasons would not be 
    protected.”

    > If the value of ether held as collateral is worth less than the amount 
    > of Dai it’s supposed to be backing, then Dai would not be worth one dollar 
    > and the system could collapse.

    > Maker combats this by liquidating CDPs and auctioning off the ether inside before the 
    > value of the ether is less than the amount of Dai it is backing.

     [X] Open Source Tools
     [ ] Massive Data Sets
     [ ] $Millions in Computing Resources

    Basically, write Javascript without functional programming techniques. That doesn’t seem like a good solution.