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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
You are definitely right. Everyone knows this. I’m sure he realized his mistakes. It’s behind us now. Blameing is fruitless. The only way forward is to stick together and start building the confidence. Let’s make the moon shine again FatMan!
Odd thing is the amount they printed (SUS especially after the network halt) makes validation unprofitable. They essentially purposely destroyed the sustainability of the network as it is currently being run. This sounds like one heck of a Netflix documentary.
Well said. This is the true postmortem people need to see after the crisis. The failure is doomed to happen with a total negligence on external risks.
The $UST "attack" theory is Terra's way of not taking responsibility for the consequences of her horrible creation and the scam.
As an investor I can buy everything I want and sell it whenever I want, if Terra does not support the sale of my holdings, it is Terra's problem.
Most of the community want a bit of recovery and that’s it ..We leave Luna .
Didn't he bet the price of $Luna would never fall below a certain amount? Like 10M bet?
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