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LUNA would probably be >$100 today if Do Kwon had just shut his mouth on Twitter. >brags about exact reserve amount on Twitter, revealing UST's collateralization ratio >attackers know to the dollar the exact amount it would take to break the peg (1/3)
The Bitcoin reserve was not a horrible idea and might have worked if he didn't tell everyone exactly how much it was. This is why Tether doesn't publish reserve information. Attackers don't know whether they would need to burn $1b or $3b to depeg it so they don't try. (2/3)
Sometimes silence is not just acceptable but necessary. Was the ego boost from Twitter taunts worth losing people's savings? (3/3)pic.twitter.com/uyccn8oAPO
In a court of law it is not what we call a criminal association?
"Pride goes before destruction, and a haughty spirit before a fall." - Proverb from the holy book.
We can't go against this man, they have too much power, validators support him, VCs support him, everything is in his favor. Ordinary mortals don't stand a chance in this fight.
The actual users are everything. Don’t sell yourself short. The wealthy want you to believe you’re powerless. Don’t believe it.
Fatman thanks for being with us I wish you could answer about one question, would you be up for burning minted tokens?
What to do with ust right now ?
Feels like Fatman is the only person fighting for the little guy. I hat tfl and @stablekwon more and more each day.
Thanks @FatManTerra you give me some hope..
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