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FatManTerra's profile
FatMan
FatMan
FatMan
@FatManTerra

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FatMan

@FatManTerra

FatMan from the Terra Research Forum I provide research, updates, and analysis on the Terra situation as it unfolds. Views are my own opinions.

fatmanterra.eth
Joined May 2022

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    1. Pedro‏ @pedroexplore1 May 28

      1. First of all the 1b pre-mine being a secret scam to is outright deceit, my friend. Because you because had to look at the TFL wallet. FRONT AND CENTER is the 1B SDT you are talking about. Vesting in 100M batches per year. Only 400M vested, the rest are still locked...pic.twitter.com/jPwzFavKIm

      3 replies 2 retweets 28 likes
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    2. Pedro‏ @pedroexplore1 May 28

      But there is more. TFL has burned their last 100M (straight up burn, not burn for something else). And community voted for them to burn their vest every year. This is because it was no longer neeeded. So your giant scam claim is fake news.pic.twitter.com/OjT3Enc8cc

      2 replies 1 retweet 37 likes
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    3. Pedro‏ @pedroexplore1 May 28

      Furthermore, This 1b stability reserve (of which only 300m was ever used) was NECESSARY for the existence of Terra! While Luna price was subcent at launch, there was mathematically no way to burn 100M Luna for stablecoins! This vesting was required to bootstrap stablecoins.

      2 replies 2 retweets 29 likes
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    4. Pedro‏ @pedroexplore1 May 28

      When it was no longer needed, TFL burned it...

      1 reply 1 retweet 23 likes
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    5. Pedro‏ @pedroexplore1 May 28

      2. Not sure why you would trust coinmarketcap data for anything other than exchanges. Volume for KRT has been $5M USD - $10M USD throughout Terra's history. Even up in may when chai was no longer affiliated, was $5M USD.pic.twitter.com/9uD58Re0ya

      4 replies 1 retweet 22 likes
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    6. Pedro‏ @pedroexplore1 May 28

      Either way, calling onboarding users to KRT is wrong. You misunderstood the Chai graph you showed... User sends KRW to Chai account, TFL gives user KRT, the user pays store with KRT, store cashes out KRT for KRW TFL had. So...

      1 reply 1 retweet 21 likes
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    7. Pedro‏ @pedroexplore1 May 28

      Unless you have --- ANY proof of a store not being able to cash out to the magnitude of $150M (the number you claimed), then shut up.

      2 replies 1 retweet 31 likes
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    8. Pedro‏ @pedroexplore1 May 28

      3. TFL does have ZERO wallet labeling. Wallets used for Market Making double as Project Dawn pass-throughs, TFL wallet also used to custody VC/CEX Luna, employee vesting mixed with other random wallets... @FatManTerra there is definitely space for malfeasance here

      1 reply 1 retweet 26 likes
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    9. Pedro‏ @pedroexplore1 May 28

      Do even promised the label+segreagate wallets back in Feb-2021 but they never did!

      1 reply 1 retweet 26 likes
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    10. Pedro‏ @pedroexplore1 May 28

      But this post just makes it harder for those of us trying to get real answers. Because sensational posts make it harder to spread knowledge, not easier.

      2 replies 3 retweets 34 likes
      Show this thread
      FatMan‏ @FatManTerra May 28
      Replying to @pedroexplore1

      Brief reply: - Public misrepresentations matter, check out the article: what you convey to investors is important. Most people did not know about the pre-mine. - Terra only burned the rest of the SDT when they were called out on it

      11:36 AM - 28 May 2022
      • 2 Retweets
      • 7 Likes
      • Billy Bob The Witch King of Angmar ibr63 Zorro - The Punisher $UST Restitution bleaker(🌘 $LUNA survivor) The4thQtr
      1 reply 2 retweets 7 likes
        1. New conversation
        2. FatMan‏ @FatManTerra May 28
          Replying to @FatManTerra @pedroexplore1

          - The Chai laundering definitely happened, it was corroborated by multiple TFL insiders to me directly, and they tried to hide it by wiping the explorers

          1 reply 3 retweets 13 likes
        3. FatMan‏ @FatManTerra May 28
          Replying to @FatManTerra @pedroexplore1

          Oh, and this can be done by setting up shell businesses/stores as well - the spikes in volume are quite clear

          0 replies 1 retweet 8 likes
        4. End of conversation

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