Satoshi's Mission, LUNA, UST and Where Crypto Went Wrong

"But they, our ancestors, became arrogant and stiff-necked, and they did not obey your commands. They refused to listen and failed to remember the miracles you performed among them. They became stiff-necked and in their rebellion appointed a leader in order to return to their slavery.”

Due to its algorithmic design, UST has a price that moves in sync with the price of Terra’s native cryptocurrency LUNA. The bank run that disentangled UST’s peg to the U.S. dollar also collapsed LUNA’s price, which crashed over 99% in two days to less than a cent. Earlier this year, UST and LUNA had a combined market cap of $60 billion, and now it’s under $7 billion.

Indeed, Kwon took a multimillion-dollar bet on the price of LUNA, said rival stablecoin DAI would “die by my hand” and called a critic a slur for someone with diminished mental capabilities for pointing out vulnerabilities in UST’s design.

N_th4n All shitcoin will die

N_th4n Of course. How is this surprising? Cryptopians

N_th4n Luna burn address 👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇 0x7fA332d1c1c29a208CD0a3a4fbfE59389A5f8151

N_th4n bitcoin is freedom, crypto is greed

N_th4n luffyinutoken LUFFY LuffyV2 LUFFYTOKEN LUFFYCREW Cryptocurrency NFTs P2E ETH BTC ETC

N_th4n Tesla workquest_co The security of our users is our top priority. What makes the WorkQuest wallet secure? Learn in our Medium: WorkQuest $WQT $WUSD WorkNet WorkQuestApp crypto blockchain digitalasssets crypto security

N_th4n XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

N_th4n XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

N_th4n BabyDogeCoin babydogemedia BabyDogeNFTs Babydoge NFT 2022🚀🚀🚀🚀

N_th4n Maybe just maybe that was the idea 🤔🤔🤔

N_th4n 🚀🚀 New launch 🛎🛎🛎 Only invest what your comfy with I suggest as it’s a brand new project 🚀🚀🚀🚀

N_th4n 🚀🚀 New launch 🛎🛎🛎 Only invest what your comfy with I suggest as it’s a brand new project 🚀🚀🚀🚀

N_th4n Goblincoinio goblin mode

N_th4n Thats what i been saying all along

N_th4n Oh yeah, $PIN is now available for purchase on the PIN app. Available on both iOS and Android application stores BSC

N_th4n CASCADESHARES click and follow ...read and like pinned tweet ... Click on company's website and chat support for directions on how to invest and earn consistent profits on your finances... make sure you follow ....

N_th4n XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

N_th4n It's utmost hilarious when 1/ Bitcoin was founded in Japan or nevertheless Asia 2/ When the Chinese monopolies of this treasure ' release & relieved ' the Westerners were euphoric 3/ Now that it correlates with your diminishing economic structure in comparison with Asia....

N_th4n 💯 and one of the reasons PYRA is structured as is.

Bybit_Official N_th4n What if the time arrow we're on decided if we're right or wrong?

Bybit_Official N_th4n I can't believe how many people have never made a mistake, I wish I was perfect ..

Bybit_Official Thanks for working with me again!

Bybit_Official N_th4n If Luna is not helped today, you can be sure that crypto collapse is starting today. LUNA

Bybit_Official N_th4n luna robbery

Bybit_Official N_th4n don't dramatize. this is just a project that went wrong

Bybit_Official N_th4n Good point of view

Bybit_Official N_th4n I hope for Tether and I'm sure that everything will be fine.

Bybit_Official N_th4n Value and security in the approach of Cardano $ADA cannot be understated against backdrop of the LUNA debacle.

Bybit_Official N_th4n should this exploit be fixed?

Thank you very much_,,,!

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Central African bank regulator reminds member states of crypto ban, Reuters reportsThe reminder came after a chaotic week for crypto when the linked meltdown of the algorithmic stablecoin UST and Terra's native Luna asset resulted in big losses for many. Central Bankers are the eternal crooks Some months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn $50,000 now am financially stable. So this is who killed Gaddafi
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The Collapse of UST and LUNA Was Devastating, but There Is Still Hope for CryptoWhen something is supposed to be $1 and it’s not, that’s usually not good. $LUNA and $UST might have failed, but bitcoin (and crypto) is stronger for it. gckaloudis reflects in this week’s Crypto Long & Short newsletter. gckaloudis The only thing that gives bitcoin value is that there is always someone willing to buy bitcoin, if there are more sellers than buyers it can collapse gckaloudis ✊hold gckaloudis The perfect time to go to the moon 🚀🚀🚀
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The LUNA and UST Crash Explained in 5 ChartsBefore $UST began its decline, the anchor_protocol lending protocol was home to 75% of its entire circulating supply. It was either a bold move for the stablecoin’s growth or a wasteful one that attracted too much disloyal investment. anchor_protocol F.U.D 👀🤣🤣 ♥️ anchor_protocol The most beautiful scam
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Justin Sun Talks USDD Stablecoin in Wake of LUNA/UST UnravelThe controversial crypto entrepreneur explains how an algorithmic stablecoin can still succeed while denying rumors he was behind the de-pegging of Terra’s failed UST. 0x_bae justinsuntron WHYYYYY is coindesk hosting frontpage interviews to someone who is looking to replicate the Luna concept (but worse). What is wrong with crypto and crypto media, i hate this space . Get this scumbag of my frontpage of twitter and stop scamming retail with a new shiny ponzi 0x_bae justinsuntron Dont trust on tron 0x_bae justinsuntron ankr Web 3
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Terra's Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review – The Weekly Bitcoin NewsWith the nightmare nosedive of Terra's LUNA and UST, the past week has been full of shock, questions, speculation, and broader market resilience in the crypto community. Hey guys !!1 I love to trading in Aex Exchanger . Can I list this project in AEX hanger? Thanks so muchhhhhhh for this gift POLYGONx10 🚀Airdrop campaign 👉 POLYGONx10
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Do Kwon pitches revival plan for Terra blockchain, with distributions to LUNA and UST holdersDo Kwon, the co-founder and CEO of Terraform Labs, pitched a revival plan proposal on Friday following the collapse of the algorithmic stablecoin UST and its related Terra-based asset, Luna. If you are a normie and you are about to ape in for cheap luna, don't do it. Wen moon, Luna? Don’t publish his bullshit
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