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Nov 28, 2021

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

· Nov 25, 2021

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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Davin ₿

@DavinBasi96

Nov 28, 2021

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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· Nov 28, 2021

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

1:26 PM · Nov 28, 2021Twitter Web App

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Thank you ser 🙏🏼

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