I was having a discussion about this, and it's a fascinating moral question. Do Kwon created a machine that would implode eventually if built up on a foundation of gross impropriety. The peg attacker kick-started the collapse and actively ruined lives, but sped up the process.
-
-
Doesn't that define PONZI?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
How they managed to print 10b UST with just a reserve of $3b ? Where all that difference go ?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
This
. If they didn't pull hundreds of millions out in "salaries but instead used that to buy more bitcoin and sold Luna to defend the peg instead of bitcoin we probably would still have UST working as a decentralized stable coin.Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.