Posted this last night in the other thread. Thought, maybe I should share it here too…
Probably only a few, if any, people will end up reading this, and from those that do, this will surely garner lots of anger and hate, but from one loser to another, I think it needs to be said… or written rather.
I’ve been here for about a week now, waiting silently in anticipation of what DK and TLF decide to do next with Terra and Luna, slowly reading the comments and updates and alternate revival plans, and the whole lot… and I must say… it is so very disgusting on so many levels, for so many reasons. It’s really sad to see how materialistic we’ve all become - some of us talking about ending our lives or how life is over due to the losses - others foaming at the mouth with seething anger like an angry mob taken to the streets calling for blood - and yet, a whole lot of others who clearly have no clue what they bought into, “believers” who blindly followed their own greed and lust for riches, filled with dreams of living the lives of the people they worship on social media. All the while, of course, blaming everyone else but themselves. Pathetic. Shameful. Utterly pitiful.
This is not a defense of DK. If he has violated the law, then he should be punished to the fullest extent that it allows. But make no mistake, DK is not the reason you or I or anyone else invested in the now failed project of TFL. It was YOU. It was ME. It was YOURSELF. The man, however much of an arrogant pr!ck he may be, didn’t FORCE anyone to invest. He created and presented a financial product that provided high, short term yields, but ultimately proved to be unsustainable. NO promises were made, not anything with any legal merit anyway. NO guarantees were made, which is common in the DeFi/Crypto space. And most importantly, this was never a NO RISK investment - ALL investments carry risk especially in the crypto space, and if we didn’t know that or were not okay with that, we shouldn’t have been investing in the first place. Despite all the NOs, many of us chased that 20% stablecoin yield - algorithmic of course, not collateralized with fiat, nor with cyprto, nor A N Y T H I N G. Were we in it for the yield, or because we believed in TFL and DK? Maybe both, but other stablecoins like GUSD are fiat collateralized and backed with insurances for your deposits… maybe it hasn’t taken off like UST did because the yields are only 7%? Too low right?
The sad reality is our greed brought us here. Plain and simple. And our greed is why we are still here. Greed is why many of us continue to howl at the moon hoping, praying that new investors will come and bail us out of our poor investment by financing the popular burn recovery plans. Greed is why we didn’t take the 9% loss during the rally after the initial de-peg. Greed is why we emptied our bank accounts. Pride is why we can’t admit to ourselves, our families, our loved ones, our community, that WE ARE TO BLAME for the mess we are in. Pride is why we blame DK instead of ourselves for investing so much more than we were willing to lose. And most disgustingly of all, Pride is why we want to see the kid burn… believing that it will somehow justify our own lack of responsibility.
The grim reality is, everyone here is a loser. Terra and LUNA will, in all likelihood, never make its triumphant rise from the ashes. It may recover, but not a V shaped one like everyone is hoping for, and not anytime soon. We need to be real here, this is the end of the Terra and LUNA ecosystem as we knew it.
But is it not the end of us. We are, so much F-ing more than our money, than our bank accounts, our cars, our houses, our suites, watches, ties, shoes, and everything else that money can buy. We may have to change our lifestyles for a bit, but that is the result of the choices we made to dive into uncharted territory with cyrpto and DeFi. If we are true believers, that so many of us claim to be, I’m sure we will meet up again in a different project down the line somewhere. One that has found success in our failures and wisdom in our shortcomings. We too must learn from our mistakes and become better, wiser, more headstrong investors, but to do that we must take our losses and move forward.
Tonight I’m gonna go hug my wife and kids and thank the stars above that I am able to so do. When they wake up, I’m gonna tell them sorry but I F-ed up, and that I’m gonna do everything I can to do better. They’ll forgive me or they won’t and that’ll be my cross to bear. UST and LUNA may not be the Phoenix we were all hoping for, but that doesn’t mean we can’t be. Greed and materialism is making this place… US toxic. I said it once, and I’ll say it again…
We are more than our money.