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Do Kwon 🌕
@stablekwon
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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FreddieRaynolds
@FreddieRaynolds
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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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wideclosed
@wideclosed
It is way simple to go and insult people instead of dealing with their arguments. As luna holder and ust user I'd rather hear some counter thread explaining why the attack described would not work and which measures are done to prevent it working.
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Do Kwon 🌕
@stablekwon
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@wideclosed
Congratulations, I now have 5 minutes less in my day
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Do Kwon 🌕
@stablekwon
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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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