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Probably the most retarded thread ive read this decade. Silence is a perfectly acceptable option if stupid. Billionaires in my following, go ahead, see what happens
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A few weeks ago I responded to @tbr90’s tweet with a brief outline of how a wealthy attacker could not only break @terra_money but profit heavily doing it with a Soros style Black Wednesday attack. Below I provide a detailed breadown...~$1B capital needed. twitter.com/tbr90/status/1
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you will get arbed the f out. and if it is possible, you would have to be able to execute every step with 100% accuracy. also perceived Pnl for long and shorts is 99% inaccurate, no one knows whats going to happen tomorrow. in my estimations No one, not even bots can do this.
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Hi Do, I hold a significant chunk of my wealth in $UST and would appreciate a more substantive response to this. My view is that $UST has a market cap large enough to absorb any such selling pressure and arbitrageurs would re-peg $UST pretty swiftly.
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Replying to @FreddieRaynolds @GrayeWilliams and @stabletuna
1/ Alright, I'll bite - $UST is just a derivative of $LUNA - building $UST inventory via $LUNA as the intermediary has strictly worse slippage costs. The example you posted is not only impossible (will explain shortly) but is fundamentally more expensive than just shorting
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