Terra just got nuked by TradFi like the US bombed Iraq for switching oil trade to Euros and Libya for switching oil trade to gold. Anybody that challenges the central bankers global monopoly on money will come under attack.
Who else has access to:
Billions of dollars of capital to attack a crypto currency?
Big Tech to create spam accounts and attack a cryptocurrency?
Being KYCed and allowed to violate Binance and Gemini’s Terms of Service against Market Manipulation without having accounts frozen or suspended per their own policies?
If the Lunatics are going to allow the attackers to walk off scot free and pin all the blame on Do Kwon and Terra, then good luck.
Let’s be real here. Every True Believer joined in the Terra/Luna investment because they believed it would bring them wealth.
Don’t really see why you guys are arguing against each other.
I agree that UST holders, who were promised a stable and safe APY (stated in promo ad), should be compensated at the value of $1. However, that doesn’t mean right now.
Terra needs to build LUNA back up before we can do that. If they give out the funds for rebuilding first, it’s impossible to recover from this.
Hence, DK needs to admit his poorly-made decisions and start the reconstruction of Terra ecosystem rather than floating the idea of forking everything and everyone. That’s really not viable especially with the regulatory officials at the crypto industry’s heel.
most people are only loyal and patriots when its safe to be. when being loyal means risking very little. when the shit hits the fan though, they show their true colors.
You served him well when serving was safe. -Eddard Stark, GoT
Amen. I keep seeing people stereotype post-attack buyers as dodgy opportunists trying to benefit from other people’s misery. Has it not occurred to those people that (1) THE NEW PEOPLE FLOODING IN ARE A PRECIOUS LIFELINE IN A TERRIBLE STORM and (2) there’s no such thing as bad press - maybe all these people are learning about Luna for the first time through all the hack coverage? The DAO hack was a disaster for Ethereum but it put them in the spotlight and now they’re much stronger for having survived it. The “us and them” mentality is more harmful for Luna than the actual hack. FWIW I’ve been holding since Jan
I don’t like the us-versus-them sentiment of this post.
I owned and staked LUNA, UST, ANC, MIR, etc. for a while. When the price started to drop, I purchased more LUNA at around $25USD, as I had faith in the teams to save the ship.
In my opinion, they should have halted the chain when the attack became apparent. I am now suspicious regarding the possibility of there being a point of weakness designed into the system for just this purpose. Especially with article coming out claiming Do did this with another algorithmic stablecoin in the past.
I got wiped out both as a legacy owner and a recent buyer, though I was seriously invested in legacy LUNA.
I just want to see the project whole again. It would be nice to either get back some value from my legacy tokens or at least be put on a path that allows that possibility in the future if the system can do as well as it did in the past. The Terra ecosystem was really wonderful; fast, cheap, out of the hands of most centralized exchanges, and profitable.
Dude, cut the crap about being selfless, you’re not fooling anyone. You’re being about as genuine as the crypto projects that claim to both be helping charities and going to the moon at the same time. Just admit to yourself that you bought a lottery ticket hoping for it to be worth more in case there is a bailout. The reason old investors don’t take new ones seriously is because we know you’re just hoping to benefit from the rescue plan that Terra team ultimately decides on.
Hi! First of all ,I have no loses, but let me put some small note here. If every valuable, so-called ‘trusted investor’, ‘true believer’, who had 100k pocket money on July 19, 2021, and bought the LUNA for $ 6, by August 23 he already had 600k in his account. If he’d been more brave, he’d be a millionaire by November 18. Do you find it strange that at $119 the “loyal investors” are starting to realize?!? Some, although believe in the project, do not want to invest for 5 years. That’s why the Exchanges. If everyone would just leave the coins and the tokens on the cold wallet and stake and nobody would trade and borrow, the price and value of your coin wouldn’t change a lot!!! Changing value is because people are trading with it!!! So whoever dared to buy the fucking coin for a value of 0.00000112 is a bigger hero in my opinion than whoever did it at the bullrun! Do not forget! The most of all true believers made a big profit on bull run! Wat did they lose? may one part of de profit. Why do you want to compensate anybody? Everybody made a decision to sell or buy it! Legitimately bought
on $0,9 or $0,4. cEX were running. Binance LUNA/BUSD was only 2-3 hours halted. Still worrking!!! Why? Why do we had to know that its not ,just’ a bigger correction and we have to buy the dip? Kwon said: Terra isn’t just UST!!!
