3 ms·

Are they really though? https://restofworld.org/2022/argentina-nigeria-terra-crash/ https://restofworld.org/2022/argentina-nigeria-terra-crash/ ("From Argentin

• leidenfrost 4y ago
  Terra was sus from the beginning. 20% APY in dollars was too good to be true. And when it started to crash most of us quickly converted everything away from it. I lost a few bucks though. But I had a friend who didn't know better back then who tried to apply the "HODL" meme and yes, he lost everything
  • netrus 4y ago
    So ... it was sus from the beginning, and you still had money in it? How does that compute? It totally collapsed, but not a big deal, because you were smarter than others, so they took the loss in a zero-sum game ("who gets to take the remaining liquidity")?
  • roland35 4y ago
    I don't need to be diligently checking the news to see if Chase Bank or Fidelity is crashing 24/7!
• super256 4y ago
  Interesting read. A few days ago I stumbled over a twitter profile from a person who was seemingly living in one of those poor countries and was writing stuff like "the rich don't care about food for the poor" and "please send BNB to this address to help me living". Made me quite sad and makes me still think about it! Unfortunately, twitter does not provide a history of tweets/profiles I have visited; I hope they add something like reddit. Would really like to revisit this account now.