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> TerraUSD was touted as a blue-chip cryptocurrency. Let me stop you right there. Terra was a barely 2 year old shitcoin. I don't think you know what "blue-chi
by ntoskrnl 4y ago
> TerraUSD was touted as a blue-chip cryptocurrency.
Let me stop you right there. Terra was a barely 2 year old shitcoin. I don't think you know what "blue-chip" means.
- phailhaus 4y agoWho are you talking to? WSJ is correct: it was touted as blue-chip. It was not.
- ntoskrnl 4y agoI guess I'm talking to whoever was doing the touting. Not that it matters now.
- irjustin 4y agoThis is correct. I had friends in Anchor who had believed in the underlying asset, Terra Luna+UST. Sad day.
- tim333 4y agoEven Mike Novogratz who's a professional investor in this stuff had Luna tattooed on him: https://cointelegraph.com/news/novogratz-says-luna-tattoo-is-a-constant-reminder-investing-requires-humility https://cointelegraph.com/news/novogratz-says-luna-tattoo-is...
- SilasX 4y agoYep, just two months ago there was the announcement about Curve creating the prestigious 4pool of four stablecoins, which included TerraUSD and excluded DAI, sparking a rivalry, in which a DAI founder called the former a Ponzi. https://old.reddit.com/r/CryptoCurrency/comments/tv1ejs/battle_between_decentralised_stablecoins_just_got/ https://old.reddit.com/r/CryptoCurrency/comments/tv1ejs/batt...
- joshjdr 4y agoIn the defense of WSJ: >was touted as To quote another HN comment: >I mean, we did tell 'em. /s /shrug /eye roll
- yreg 4y ago/headbang https://static.wikia.nocookie.net/2007scape/images/7/74/Headbang.gif/revision/latest?cb=20180829032348 https://static.wikia.nocookie.net/2007scape/images/7/74/Head...
- unmole 4y agoThe term blue-chip originates from gambling. I think it's perfectly fine to use it in the context of cryptocurrencies.
- gowld 4y ago"blue-chip" means "most-valuable"