Re:TerraUSD crash led to vanished savings, shattered dreams
by Tao3300 on Tuesday June 21, 2022 @10:29PM
(#31831424)
> The whole thing was a perpetual motion machine that failed very predictably.
At the very least, similarly structured algorithmic stablecoin schemes should be identified as a species of scam and made illegal. Knowingly trying to pull this kind of thing on people who are going to be left holding the bag and wondering when their Luna2 airdrop is going to show up in some piece of tech that they don't understand... it takes malice.
At the very least, similarly structured algorithmic stablecoin schemes should be identified as a species of scam and made illegal. Knowingly trying to pull this kind of thing on people who are going to be left holding the bag and wondering when their Luna2 airdrop is going to show up in some piece of tech that they don't understand... it takes malice.