RE: UST: Incompetence, Greed, or Both?
You are viewing a single comment's thread:
Why was there so much demand to buy and hold UST? Why didn't holders realize that UST was one of the riskiest stable coins to hold out of all the stable coins?
Pure greed! It didn't take me more than 7 seconds to check the guy's profile on LinkedIn and realise that he never worked a day in his life. He created a company right after university... which he collapsed in a short time. And now he collapsed his second company.
The guy is just a very inexperienced kid with a big ego.
It amazes me that big corporations such as Celsius and Binance invested in that crap. 😲🤪🤦♂️
So the reason because people bought into UST was because it was decentralized, but the reason why it failed is because it was centralized!
Uahahhhhhaha! What a shitshow!
What do you think about the one that Tron guy is creating? It looks like a copy+paste of Luna!
lol the "tron guy"?
You'd think the "tron guy" who did a hostile takeover on this network would be a name worth remembering. kek
Justin Sun is a failure and will continue to fail up.
He's the one who shall not be named. 🤭
I thought that might be it.
Isn't that the truth. Sun will continue along his merry way, continually becoming a larger house of cards.
There will come a time when he comes toppling down. It will be interesting to see how long he can fail up for.
This could go a while.
Posted Using LeoFinance Beta
Yep same burn and mint mechanism with no fail safes for debt ratio going above assets marketcap or anything as much to prevent death spiral.
Posted Using LeoFinance Beta