Post
Topic
Board Economics
Re: Is TERRA/Luna kickstarting a new Bitcoin Standard?
by
The Pharmacist
on 13/05/2022, 21:34:16 UTC
I just saw an interesting tweet from November 2021 in which one user explained how its possible to break Terra and make shit load of money in the process and all you need to do it is 1 billion usd. And of course having "detailed understanding of the Terra Ecosystem". Do Kwon reaction aged well.
Jesus, you all are probably going to think I'm an order of magnitude more retarded than usual, but I'm just now learning what UST is and its relationship to Luna and whatever else....I know I don't follow a lot of altcoins, but it seems like this is a very big deal. 

Sadly, I heard about this whole debacle via Youtube, and in particular this video from a guy I'd never seen before who looks like a shell shocked war veteran but sounds more naive about financial markets than someone who probably makes money talking about markets should be.  Knowledgeable, perhaps, but to be surprised that black swan events happen more often than predicted tells me that he's too young and green to be dishing out information.  But judgement is coming from someone who's seen those black swans flap their evil wings before, so I'll cut the dude some slack.

But hey, I had some cash yesterday and bought a little BTC at my local gas station BTCATM.  Sucks for the crypto community as a whole, but I actually like to buy low.