NEW token listed on Kraken: #LUNA2
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blog.kraken.com/post/14142/ter
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Client demand. There’s a weird dynamic with exchanges. Switching cost is low and people tend to want to do everything all in one place for capital efficiency/synergies/convenience. Not supporting 1 coin people demand could cost you the entire account. Listing isn’t an endorsement
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I get what you're saying, but given the clear risk to your customers of engaging with these proven scammers I think it's the wrong call
Do Kwon et al should not enjoy the support of credible exchanges
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Is there evidence of a scam? Seemed more like incompetence, hubris. A lot of smart, successful people were in it and even they got burned. All assets have risk, which is why markets and price discovery are so important. I expect LUNA2 to take steep penalties on price due to risk.
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You may have a point there legally. I'm not sure it can be argued in court that they knowingly scammed tokenholders - but to a lower threshold it can certainly be argued that their tokenomics were unviable, the network was doomed to implode, and Kwon must/should have known this
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But the same could be said for fiat currencies. The tokenomics of USD are unviable in the long run, under certain conditions. The bet we make (for now) is that those conditions will not be met while we're bag holding fiat. It could happen a lot faster than most expect though.
