Crypto Dumpling

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@FaranaMatias @cz_binance I have more LUNA than @ksicrypto and unlike him, I only spent $60 ...by all means, I benefit if the prop goes through and wouldn't be surprised to see 90% drops a few months from now twitter.com/ksicrypto/stat…

@FaranaMatias @cz_binance I stand by what he said in terms of reducing supply. But those that "tried to save the network" now hold 10x less LUNA than moonbois who bought at $0.0000005. If you just burn the supply of LUNA you're pumping their bags twitter.com/cz_binance/sta…

1/ You've probably seen a lot of in-depth threads about how $UST $LUNA collapsed, but I personally have not seen many threads regarding @stablekwon's recovery plan. So I thought I'd write some of my thoughts; NFA of course :) 🧵ref: agora.terra.money/t/terra-ecosys…

@FaranaMatias @cz_binance it's shameless, but the only way to restore the ecosystem and move forward. Ethereum did it for the DAO hack and BTC did it... still the top 2 crypto currencies by market cap. You can either try to save the ecosystem or can do what's "right" and pump moonboi bags

@FaranaMatias @cz_binance the tax and burn will not resolve anything. It will drive the price up using what's left of LFG's BTC reserves (if there are even any left) then nuke as soon as people who bought the bottom decide to sell later. It will do nothing but create pump and dumps

@FaranaMatias @cz_binance the tax and burn mechanism will de-incentive selling $LUNA. It will create demand for $LUNA as it effectively becomes deflationary. There are people who bought millions of $LUNA at the bottom for pennies. What happens when these people don't sell until the very end?

@CryptoDumpling @cz_binance No existiera V2 fue una propuesta y duramente rechazada no llegó ni siquiera a votación. Lo que se está votando es la quema y la votación terminar en 6 días

21/ Lastly, I would like to give a shout-out to @thedefiedge @Route2FI and @TaschaLabs who inspired me to take the leap and write this 🧵. If you like this type of content (but much better), definitely check out some of their articles.

20/ I tried to be as impartial as possible in this thread and hope it was of some use to you. I normally just lurk and meme, but given the preventable tragedy that happened to $LUNA and $UST, I believe that bringing info to light might help save others in the future.