CryptoGeezer

1.1K posts

CryptoGeezer

@CryptoGeezerMM

Crypto enthusiast, bullish on $CL8Y, $USTR and Terra Luna Classic ($LUNC). I missed out on Bitcoin but don't intend to make the same mistake twice. #CL8Y #USTR

가입일 Aralık 2021

502 팔로잉279 팔로워

고정된 트윗

CryptoGeezer@CryptoGeezerMM·23 Oca

Do you honestly think USTC can do 150x and get back to $1? 🤔 There is an alternative - swap your #USTC for #USTR which has a clear plan to reach $1+ and you will be able to stake or swap for #UST1 Swap with referral code BONUS and get 10% more #USTR!! ust1cmm.com/swap/bonus

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CryptoGeezer@CryptoGeezerMM·46m

@BullBoss5 There has been nearly 40M #USTC swapped already so I don’t think it will remain anecdotal, but we will see. Your criticism was that we have made no progress (which I totally agree with), at least we now have a viable option. Using CP funds and minting are just desperation imo.

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BB5 🛸 ✨@BullBoss5·57m

@CryptoGeezerMM Not much hope in Ceramic's plan. In theory it seems to work but I just don't see who would use it. I believe it will remain anecdotal.

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CryptoGeezer@CryptoGeezerMM·1d

Here’s a great explanation of why minting USTC would be economic suicide for the chain. Ask yourself why anyone would suggest this after four years of pushing the burn narrative 🤔

Leonardo@LeonardoLUNC

LUNC/USTC has a serious problem, and it’s not the market. It’s people STILL pushing minting with a massive oversupply. ⚠️ Minting is not a strategy. 💀 Minting is how you kill USTC again. Everything @Currency365 laid out is facts: - Over-minting - CEX rejection - Years wasted - And a brain-dead obsession with $1 without fixing the supply x.com/i/status/20347… The facts are simple: Minting + Oversupply = Price Suppression Every. Single. Time. No minting for USTC or LUNC until: • 📉 Oversupply is actually reduced • ✅ OR MM2.0 is LIVE and PROVEN to reduce total supply Anything else = repeating 2022 with extra steps, this time making sure dead means dead. ❓ So why is this STILL being pushed? Because from the outside… 👀 It doesn’t look like ignorance anymore ⚠️ It looks like sabotage Meanwhile… 🛠️ Some of us are actually building 🧠 Not getting baited into distractions/noise 🌐 ust1cmm.com 🌉 bridge.cl8y.com Everything being built here is 100% open source, 100% transparent. 🔗 gitlab.com/users/PlasticD… #USTC #LUNC #TerraClassic #Crypto #DeFi #USTCRepeg #LUNCCommunity #CryptoTruth #BuildNotTalk #Web3

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CryptoGeezer@CryptoGeezerMM·1h

@BullBoss5 Not at all. Are you aware of Ceramic’s plan for #USTR locking #USTC as collateral? Things are happening, I just don’t support using CP funds for rewards and minting unbacked #USTC 🤦‍♂️

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BB5 🛸 ✨@BullBoss5·1h

@CryptoGeezerMM Four years of "don’t try anything" and somehow that’s still the plan 👍

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CryptoGeezer@CryptoGeezerMM·5h

Great to see the #CL8Y community getting behind Ceramic’s Aligned Validator Initiative (this is just the last hour) 💪 #LUNCcommunity #USTC

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CeramicToken@CeramicToken·7h

CL8Y is supporting an Aligned Validators Initiative, a program for the public to support validators who: ❌ oppose inflation-funded staking rewards ❌ oppose Community Pool depletion for passive subsidies ✅ support revenue-backed USTC staking funded by real on-chain cash flows We welcome any validator who publicly support these principles. @battleforcelunc is the first to step forward. 👉 To support the Aligned Validators Initiative, redelegate your LUNC to @battleforcelunc. Builders, validators, and community members who support a non-dilutive path for USTC and LUNC: please RT, like, and share.

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Ricardo △@ric_ferreira79·1d

🚨 Attention #TerraClassic community CALL FOR ACTION The smarter move for the community right now. “Ceramic is building the foundation for ... LUNC.” The train is in motion. Do you want to miss it? #LUNC #USTC #CMM #ACT @LeonardoLUNC @CeramicToken @edTreb001 @LuncDaily

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CryptoGeezer@CryptoGeezerMM·1d

@BattleForceLunc has supported the chain for a long time and has always voted with the chain’s interest at heart. It’s important that we spread voting power by supporting smaller vals, we are far too centralised currently. Please consider redelegating.

Battle Force Validator@BattleForceLunc

Good Morning #LUNCCommunity Minting #USTC honestly! Who is thinking up these insane ideas? 🤬🤬 ☢️‼️☢️‼️🤬🤬 I have been considering closing the validator over the last couple of months. I’ve spent over two years supporting the chain and we are now facing a critical turning point if the LL/Vegas forthcoming prop passes. I’m going to renew the Battle-Force contract for another year and will continue supporting actual projects that benefit the chain. I honestly believe that @CeramicToken @zodiacs_c is the chains best shot at recovering ❤️‍🩹 I’m going to devote my efforts to support Ceramic and his projects going forward. I believe this provides the very best option for the recovery. MM2.0 is dead, the departure of @ColeStrathclyde killed it, we have also lost @NicolasBoulay. Two major supporters of the #LUNC project. I will veto any forthcoming prop to mint #USTC and I suggest delegating with @LuncBattleForce if you feel the same. @BurnixToken @LVSNode @Lunanauts_Lunc @nuenghandsome @Lunc_DnC @Lunc_Universe #LUNCBurn #LUNCArmy

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Amm-S | Crypto Enthusiast@Amm198231·2d

This is taken directly from the $USTC staking proposal Supply grows from 6.0B to 7.0B That means one thing Inflation is built into the system You reduce sell pressure short term But increase supply long term This is not recovery This is delayed dilution #LUNC #USTC

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CryptoGeezer@CryptoGeezerMM·2d

@VegasMorph @lunccryptowolf Of course it's on-chain. You need to do a little more research.

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Vegas@VegasMorph·3d

@lunccryptowolf From what I know that is not even on chain...lol

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Vegas@VegasMorph·4d

Vegas@VegasMorph

USTC Staking - Short Summary This proposal explores introducing native USTC staking on Terra Classic Layer-1 to expand utility and strengthen the ecosystem. Mechanism: USTC holders can stake tokens on-chain and earn rewards. Goal is to lock 20–33% of circulating supply (≈1.2–2B USTC), reducing sell pressure and increasing long-term holding. Reward Sources Community Pool bootstrap (~61M USTC) to start rewards. Protocol revenue in the future (MM2 arbitrage fees, gas fees, DEX fees). controlled USTC inflation, governed by the community. Key Benefits Improves LUNC staking rewards, since part of validator/delegator rewards are paid in USTC. Adds real utility to USTC beyond gas and trading pairs. Supports Market Module 2 (MM2) by increasing on-chain USTC . Encourages tokens to move from exchanges back on-chain. Community Impact Provides a long-term recovery path for depeg-affected holders by allowing them to earn yield from USTC. Overall, USTC staking could become a new economic layer for Terra Classic, strengthening both USTC utility and the LUNC staking ecosystem.

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🌠 Validator by Lunanauts | StatsBin.com@Lunanauts_Lunc·3d

🚨Let's discuss the new proposal idea - #USTC staking 👇🏽👇🏽👇🏽 Based on current burn data, USTC is burning at roughly 13.6M USTC per year at the current pace. This proposed staking model would emit (MINT) 200M USTC per year, which means it would print roughly 14.7 years worth of current burns every single year. ⚠️you heard right! 14.7 YEARS WORTH OF USTC BURNS!!! That is the core problem. The proposal talks about locking supply, but then quietly reintroduces the exact issue that damaged confidence in the first place: printing new tokens out of thin air. A 200M annual emission (MINTING) schedule does not create value. It only manufactures rewards by inflating supply. Even if some USTC gets locked, the system is still adding far more new tokens than the chain is currently removing through burns. ✅️Real staking rewards should come from real yield. That means fees, protocol revenue, market-making profits, swap revenue, MM2, or other ecosystem income sources. If rewards are not backed by actual value creation, then they are not yield at all, they are just emissions dressed up as yield. USTC does not need more artificial supply growth. It needs utility, revenue, and a model where rewards are paid from money earned, not money printed. ✅️A staking model funded by real ecosystem yield could strengthen USTC. ⚠️A staking model funded by inflation just undoes years of burn progress! I can NOT vote yes on a model that mints, if minting (emissions as they're calling it) is removed and use real yields i'm a definite yes! Be warned! And do some research why this is bad! #LUNC #BINANCE #crypto #blockchain #cosmos #staking

🌠 Validator by Lunanauts | StatsBin.com tweet media

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Amm-S | Crypto Enthusiast@Amm198231·3d

I’m against minting without value $USTR Minted with CMM treasury backing via $USTC Strengthening the system’s economy $USTC Current direction: minting for staking No real economic growth or utility Simple difference: Minting that builds vs minting that drains Right now Swapping to $USTR looks like the smarter move #LUNC #USTC #USTR

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CryptoGeezer@CryptoGeezerMM·3d

Please take time to read this, we have a potential prop with minting USTC hidden inside (it also wants to raid CP funds). It is a monumentally bad idea and this is why… #LUNCcommunity

Nueng Handsome@nuenghandsome

🚨 LUNC & USTC HOLDERS: WE ARE AT A CROSSROADS! 🚨 Don't let the word "Rewards" blind you to a hidden danger. We need to talk about the new USTC Staking Proposal before we accidentally crash the ship again! 👇 🧵 1/8 #LUNC #LuncCommunity #TerraClassic #LunaClassic #USTC $LUNC $USTC #stablecoin

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CryptoGeezer@CryptoGeezerMM·4d

@BullBoss5 @JiwonMarco @LeonardoLUNC @11Junicchi11 I totally agree. Minting definitely has its place, but in this case, Vegas is proposing that we mint unbacked USTC just to provide staking rewards. He also wants to use CP funds for rewards. Neither make any sense to me.

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BB5 🛸 ✨@BullBoss5·4d

@CryptoGeezerMM @JiwonMarco @LeonardoLUNC @11Junicchi11 I don’t care about LUNC. But doing nothing has been killing the chain for years. Stop rejecting everything. Try, iterate, adjust. Minting isn’t automatically a problem, bad, unbacked minting is. Done right, it can be part of the solution.

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Leonardo@LeonardoLUNC·5d

USTC isn’t dead. A new framework is being built to restructure the economic foundation of USTC. Instead of attempting a direct repeg, the system introduces a phased transition: USTC → USTR → UST1 The model focuses on: • locking supply through the CMM • building collateral • controlled issuance of UST1 Full breakdown on CoinMarketCap 👇 coinmarketcap.com/community/arti…

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LVS@LVSNode·4d

@LeonardoLUNC @CeramicToken @xBlake_257 Dont forget wormhole closed the bridge early even though they stated a specific date it would close, no support what so ever, just an ‘oh well’ attitude… @CeramicToken stepped up and fixed the code to allow teams, projects and funds one last chance to get out. A true gent!

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CryptoGeezer@CryptoGeezerMM·4d

@JiwonMarco @LeonardoLUNC @BullBoss5 @11Junicchi11 💯

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marco jiwon@JiwonMarco·4d

@LeonardoLUNC @BullBoss5 @CryptoGeezerMM @11Junicchi11 Minting ustc when the price is not at $1 is really stupid. Sometimes ppl should buy a brain to think 😆

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Nueng Handsome@nuenghandsome·4d

Liquidity should never become hostage to someone else’s support decision. 🔥 That is why Ceramic’s project matters. We just watched major interoperability routes like Wormhole and Noble create real pain for chains when support gets removed. When that happens, liquidity can get stranded, movement slows down, and users are left holding assets on routes that no longer serve them well 🌉 Many chains simply accepted the situation as normal. 🤷‍♂️ They accepted the IBC cost structure. 🤷‍♂️ They accepted Wormhole. 🤷‍♂️ They accepted Noble. But when 2 of those major routes start causing damage across multiple chains, it becomes obvious that interoperability is not only about convenience. It is also about control, cost, and long-term sovereignty 🧱 This is where CL8Y stands out. 🔥🔥 The bridge is already a success story by itself. It is open source, which means builders can inspect it, improve it, and not depend on a closed black box 🔍 More importantly, it gives chains another path. A path for sovereignty. A path for migration. A path to move liquidity without being trapped by external decisions ⚙️ Ceramic is not only building a bridge, he is building an escape route, a way for projects to migrate and recover any stranded liquidity, allowing them to continue to function as normal and continue their development and day to say activity 🔥🔥 Join Ceramic's official Telegram group here: 🤝 t.me/ceramicliberty #LUNC #TerraClassic #CL8Y #Ceramic #USTR #UST1 #DeFi #Interoperability #OpenSource #Build

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Amm-S | Crypto Enthusiast@Amm198231·5d

The more I follow and learn, the more convinced I am that Ceramic’s framework is the right direction for USTC. As a community, we need patience and discipline, especially avoiding any unnecessary USTC minting.

Leonardo@LeonardoLUNC

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CryptoGeezer@CryptoGeezerMM·5d

@LeonardoLUNC @11Junicchi11 Believe it or not, he is talking about using CP funds then minting USTC to provide staking rewards which will increase the CS so that people will stake to reduce the CS. Make it make sense 🤦‍♂️

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Leonardo@LeonardoLUNC·5d

@11Junicchi11 You would need to elaborate.🤔 USTC's biggest problem is oversupply. Where would the staking rewards come from?

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CryptoGeezer@CryptoGeezerMM·6d

@VegasMorph Yes, we have been burning down the supply of USTC and now you are proposing to start minting to pay rewards for staking which is intended to reduce the circulating supply. You see the problem yet?

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Vegas@VegasMorph·6d

@CryptoGeezerMM Ustc

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Vegas@VegasMorph·6d

discourse.luncgoblins.com/t/ustc-recover… #Lunc $lunc #Lunc #Ustc

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탐색

@BullBoss5 @battleforcelunc @LeonardoLUNC @CeramicToken @edTreb001 @LuncDaily @BattleForceLunc @VegasMorph