If you get burned by a textbook ponzi scheme you have noone but yourself to blame.
Don’t FOMO in after crypto influencers.
Most of them are dumber than you.
280
1,005
1,924
Conversation
so which one do you think are the ponzis?
7
25
Beware of protocols with cyclical economic pressures. If they reward richly during upcycles when lots of people buy in, they also likely punish quickly during downcycles when most are looking to exit.
61
221
432
Hi Do, watch your presentation youtube.com/watch?v=mjWdo7
still does not get it. Not doing USDT or tether because its backed by FIAT, well $LUNA is backed by FIAT too, so how is that different?
1
2
LUNA is not backed by fiat at all. What do you mean?
2
1
5
1
Replying to
That's not what fiat backed means. Circle/Coinbase keeps a dollar in the bank account for every USDC you buy, and you can get a dollar back from them whenever you want to redeem. That's not how the Terra/Luna system works.
AMPL expands in supply when demand goes up and contracts in supply when demand goes down. LUNA is the opposite - supply goes down when Terra stablecoin demand goes up, and visa versa
2
3
5
Show replies