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Look DG, most of my time in crypto was spent in the bear market and am no stranger to pain I just think EV of this bet is high - as in, I believe the likelyhood of Luna hitting $10 in 2022 is much less than 50% I would do the same bet for $AVAX or $SOL tbh It's just good odds

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Do Kwon

@stablekwon

Replying to

@DeFiGod1

Ok yeah, anything can go to zero Trust me guys, most of my 2017 bags did

1:44 AM · Jan 10, 2022Twitter Web App

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and

Isn't it a bit weird to bring up the death spiral now though, given each UST minted brings greater marginal utility to entire Terra economy than previous (network effects of money)?

305_Capital

@305_Capital

Jan 10

Or the facts that stablecoins as a whole went from $6B to $150B in 2021, while UST's share of this market went from <1% to ~7%... $10 LUNA is predicated upon a complete reversal of these tailwinds, which seems uh... nonsensical?

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and

I think we're in a new paradigm. Clearly more supply than demand right now. But BTC doesn't rule the game anymore either. I trust in user growth. Which is parabolic. All the L1s and doing well.