RE: Why UST/Terra Collapse Is Good For Cryptocurrency
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It is not, The fact they solved the issue with more crypto, and gave an unfair and nonsensical pay for each holder was total nonsense, i say that as a holder XD, i didn't sold all of it on the collapse, just to keep some faith in the team, but god damm they prove me wrong with the airdrop and their nonsense. xD All their focus on quick cash sent the coin to the garbage can, the new one went from 18 to 4 in hours... I guess today it will go to 1$ if things are "in luck". Anyway, this just proved that most crypto projects are bunch of greedy people with no spine, and is not only luna labs.
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I am sorry you lost money but to say it is not is misguided. In the overall picture, failure is a good thing. Yes there is a lot of greed, and I agree, not just Luna Labs.
Which obviously did not solve the issue so it is incumbent upon us to find what the solution is.
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I know for a fact that just printing more money ain't the solution to a market crash, so far is good but is a insane solution, if that worked, Venezuela would not be what it is today...