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1. The supply of Luna kept going up 2. The price of Luna kept going up 3. Volumes were massive
by unmole 4y ago
1. The supply of Luna kept going up
2. The price of Luna kept going up
3. Volumes were massive
- Dylan16807 4y agoWhen the algorithm was coded, they didn't know those things. It could have worked equally well with minuscule volume. Supply and price could have multipled by a million with no new investment. A Ponzi uses new investments to pay interest. If it doesn't get exponentially increasing revenue it collapses. Paying someone in more tokens or stock is different. If it collapses, it's for different reasons under different circumstances. It's a lot easier to fabricate market cap than to fabricate cash.