RE: Why UST/Terra Collapse Is Good For Cryptocurrency
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Another 3speak issue as the video is another duplicate of an old video.
I do think the collapse is a good thing for crypto in general. If this happened when LUNA had 1 trillion dollar market cap, it would have caused massive damage. With this collapse, we know what the downfalls are and we can build the projects to avoid this issue.
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Yeah, you have a point if 1 trillion marketvap did exist but the point TM is making is that UST/Terra wasn't decentralized as it claimed.
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UST/Terra was never decentralized. Everyone knew that it was Anchor paying out the high APR and it was taking in VC funding to do so.
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Anyway now hive blockchain has the highest paying APR now.
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