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I heard it was not going to be linked to a corresponding UST 2.0. If that’s the case it’s just your average cryptocurrency, ie people invest because they love t
by cormacrelf 4y ago
I heard it was not going to be linked to a corresponding UST 2.0. If that’s the case it’s just your average cryptocurrency, ie people invest because they love the community or whatever at first and later because in crypto All Upward Trends Continue Indefinitely, Do Kwon pumps for a while then sells his magical glitter to these poor stupid sheep, invests the proceeds in legal fees defending criminal charges and rehabilitating his image to do it all again. You’ve got to be in stablecoins or something equivalently complex and mystifying to run a really high yield Ponzi, but you can settle for a normal crypto when your chips are down and you just need a bit of cash.