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Reddit Posts

So you've made a fortune in crypto... now what?

Do Kwon taking steps to reimburse small wallets for UST holders

Why Do Kwon is not held accountable for destroying the lives of many people?

Results from the survey of Luna holder demographics on Terra Luna reddit

Binance CEO Shares Lessons From The Crash Of LUNA, UST Coin

So, which reputable project can possibly be the next Terra/Luna/UST situation?

Honestly, the exchanges (the centralized ones) need to step up and save lunatics from damaging themselves even further and close any trading on UST or Luna

Brazilian Crypto Exchange, Called Nox Bitcoin, Refunds All UST Holders 1:1

Brazilian crypto exchange refunds all UST holders 1:1 | CryptoSlate

Ramp DeFi May Community Updates

Has enough been said about Terraform Labs?

ELI5: Luna's market cap visible on coinmarketcap is 690M USD. Is that real?

A Brazillian cryptocurrency exchange has refunded all UST holders at a 1:1 rate with USDT. [Article in Portuguese]

Brazilian crypto exchange refunds all UST holders 1:1 | CryptoSlate

Terra 2.0 is Live on Pancakeswap | Join The Ride for 100x of Upside | Hodl for 24 Hours and you will rewarded with Luna Coin

Nox Bitcoin crypto exchange, refunds customers UST at $1

Reading CMC comments on UST.

CEO of Binance might have been hit harder than we thought because of the market crash

Brazilian Crypto Exchange Refunds TerraUSD (UST) at $1 for Customers, a New Precedent Set?

Stablecoins: UST, Systemic Risk & Ergo’s SigmaUSD

Forget about ETH and BTC, there's a biggr flippening coming.

AMA with CZ - Binance CEO!

The Luna Foundation Guard Purportedly Sent 52k Bitcoin to Gemini and 28k to Binance to Attempt Balance out UST’s Stake

Understanding Lunatic UST Drop

After TerraUSD (UST) De-Pegging Scare, Tether (USDT) Releases Report Claiming It Has Fully Backed Reserves

For those thinking that LUNA will come back to $100 or $50 or $1... Wake up buddy!

Pegging UST to $0.01 followed by a 100 for 1 token split.

What’s more stable than Bitcoin or UST? AriZona Iced Tea

Is Tether the next Terra (UST)?

With Tether’ Show of $82 Billion Reserves, Has Your Confidence in The USDT Stablecoin Risen?

$babyLUNA | Rewards in $UST and $LUNA | Stake UST & LUNA -> Earn More $babyLUNA | Borrow BUSD using $babyLUNA | Staking & Farming dApp In A Few Days | Bonds, Treasury, & DAO Governance System | Big MemeFi Utility

The Fall of Terra: A Timeline of the Meteoric Rise and Crash of UST and LUNA

Another Luna rant

If history books started adding important historical entries about crypto right now, who and what would they include?

A proposal to try to restore some value in Luna’s ecosystem without buybacks

Someone holding close to 1.9 T Luna and 622m UST!

Congress May 'Work More Quickly' on Stablecoin Regulations Amid UST Collapse: SEC Commissioner | Decrypt

Do Kwon Dissolved Terraform Labs Korea Days Before Collapse of Terra LUNA, UST

who hold UST on CEX till now?

Stablegains losing 42M of investor money in UST fiasco!

Basically all the high interest USD lending was done by large companies investing in UST and skimming the excess interest from themselves. How many are really bankrupt now?

LUNA/UST may be down, but it is not the end. Here's why I say so, learn for yourself in this short post about three mistakes to avoid.

LUNA/UST may be down, but it is not the end. Here's why I say so, learn for yourself in this short post about three mistakes to avoid.

Is Tether the next Terra (UST)?

r/CryptoMarketsSee Post

Do you think there's any chance of LUNA/UST rebounding from the latest situation?

r/CryptoMarketsSee Post

Do you think there's any chance of LUNA/UST rebounding from the latest situation?

Terra, LUNA & UST Collapse: What Happened? Inside Story!!

Is Tether the next Terra (UST)?

If nothing else, this LUNA fiasco highlights the import stance of decentralisation

Next Steps for LUNA/UST Holders: A Detailed Analysis

G7 Finance Ministers Call to Accelerate Global Crypto Regulations Following UST Collapse: Report

r/CryptoMarketsSee Post

USDT- Is it safer than algorithmic stable coins like UST?

Stablegains a registered company in US was taking USDC and USD via wire from customers promising them 15%, put it all into Anchor without telling them, they have lost $42M of 5000 Customers.

Tether just released it's quarterly reserve assesment, and they claim to have access to US$82,424,821,101

r/CryptoCurrencySee Post

Luna investors aren't special

r/CryptoMoonShotsSee Post

Join the new community BSC (cBSC) now! | Strong holders, Superstar lineup (Jack from CROGE, Crypto God, VenoM and many more!) | 2.5 days old, 200k mcap, very low tax (3% buy/sell), 100% LP burned, ownership renounced!

r/CryptoCurrencySee Post

Why is the BTC/UST pair/price soaring? I don’t understand how the UST/Luna crash created this type of action.

r/CryptoCurrencySee Post

Ten days ago, a user shared on the TerraLuna subreddit that UST had depegged and reached as low as $0.95. The comments are filled with people writing, '0.94 now', '0.92' etc. I wrote for everyone to 'Get out now.' and was promptly downvoted out of discussion.

r/CryptoCurrencySee Post

Tether will go down and you all know it

Did BTC/UST gave any profits? Easy but tricky question for traders...

Stablegains, A Registered US Company and funded by YCombinator promised 15% on USD. In reality, they converted it to UST and skimmed 4%. Now they got sued for losing ~42M from 4,878 customers

After getting a LUNA Tatoo on his Body: Billionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout

LUNA, UST investors in S.Korea want to seize Do Kwon’s properties

Billionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout – Bitcoin News

Is Tether’s USDT Going to Pull a UST? Probably Not

r/CryptoCurrencySee Post

Collateralized Stablecoins Vs Algorithmic Stablecoins

r/CryptoCurrencySee Post

Pretend USDT does a UST depeg. How would you try to profit from it?

whales eat all the fish... LUNA/UST

Community is KING! Join the new community BSC (cBSC) now! | Strong holders, Superstar lineup (Jack from CROGE, Crypto God, VenoM and many more!) | 1.5 days old, 300k mcap, very low tax (3% buy/sell)

Launching now! Burn Luna| Live! | 5% $BUSD Rewards | Fair Taxes: 5% Token burn each 10k mcap | 1% burn starting at 100k mcap Burn Luna

Crypto has become a marketing place for stablecoins now. But do we really need a stablecoin?

Thoughts on Digital Asset backed Stable coins?

Pantera Capital cashed out 80% of its Terra investment before UST crash. The firm turned $1.7 million of Terra investment into around $170 million.

r/CryptoMarketsSee Post

Preventing Scams and Frauds in Crypto, Is It Doable?

r/CryptoMarketsSee Post

Preventing Scams and Frauds, Is It Possible?

Do Kwon is managing to push through a hard fork to the TerraLuna blockchain against the wishes of the overwhelming majority of the community. Does this reveal a flaw in proof of stake blockchains?

Have you lost some $ by using UST and you thoight stables are "safe"?

Terra Luna and UST collapse– stable coin preferences tilt as other coins come into play with USDC close enough to “Flippen” popular USDT tether.

If exchanges are going to profit from listing shitcoins with little due diligence then they should also be held accountable when the shitcoin hits the fan.

Tether explains how it is able to maintain its peg on their official website. Spoiler alert: They don't explain anything

Is Crypto on the verge of becoming a failed experiment?

UPDATE! How to Get MOST NEW LUNA for your $$$! Buy UST?

Another LUNA rant/question

Why are you guys freaking about USDT?

Resources on Dai and its ecosystem?

r/CryptoMarketsSee Post

UST Investors- Should they be compensated?

USDT isn’t going anywhere

I created a "Cliff's Notes" version of the April IMF Global Financial Stability Report along with my personal opinion regarding the future for Stablecoins, Cryptocurrency and CBDC's, I think it sort of paints a picture of the current global financial situation in a way that isn't being communicated

How to Get the NEW LUNA token on NEW TERRA Chain! Buy UST?

Luna Up Token, Stealth launch expected around 3 pm UTC, Low market cap token

3 Members of Terraform Labs' In-House Legal Team Abruptly Leave Amid LUNA, and UST Fallout

r/CryptoMarketsSee Post

Tether’s Circulating Supply Reduced by $7 Billion in a Week

Voting For Terra (LUNA) New Blockchain Goes Live, With TerraUSD (UST) Not Included In Plan - The Crypto Basic

Burn or Fork? My solution to this problem

UST ain't got nothing on USDD! That juicy APR.

r/CryptoMarketsSee Post

The authorized workforce of Terraform Labs reportedly resigns after UST depegging

r/CryptoCurrencySee Post

The Terra Revival Proposal is now live and under scrutiny

r/CryptoCurrencySee Post

Next Steps for LUNA/UST Holders: A Detailed Analysis

r/CryptoMarketsSee Post

Top Korean Law Firm to Sue Terra Founder Do Kwon Over UST Collapse

r/CryptoCurrencySee Post

For everyone who wants to see Tether get wiped out, think about how negative that could be for the crypto space

Mentions

It's not that simple. There will be many lawsuits for many years concerning the collapse of LUNA/UST.

Mentions:#LUNA#UST

Cut my losses a long time ago on UST. Bought $10 worth of LUNA though, incase there's a miracle revival. Personally I think it's done for.

Mentions:#UST#LUNA

They will bounce back for sure but it won't be easy. They will have to overhaul their UST design to make sure this won't happen again.

Mentions:#UST

UST gonna stabilize at $.01 Perhaps that was the plan all along🤔

Mentions:#UST

Exactly this. All of these people weren’t forced into buying LUNA/UST. Yes, he has questionable business practices but it’s not like there haven’t been any red flags in the project.

Mentions:#LUNA#UST

UST continuing it's decline to **0**

Mentions:#UST

There will always be rug pulls, scams, and shitcoins. We have to educate people to not fall for them instead of trying to destroy them first. Also, we don't know if UST was a rugpull or not, probably just bad design.

Mentions:#UST

Is LUNA/UST a failed experiment, or a wacky scheme devised by diabolical crypto bros to fleece its participants and ruin lives? At the end of the day, any person, persons or law enforcement agencies are going to have to make damn sure it’s the former if they want any results. I don’t think we’re there yet.

Mentions:#LUNA#UST

What about your UST tho?

Mentions:#UST

So you're telling me stable coins are not stable? Somebody tell UST before they lose their peg.

Mentions:#UST

Thats stupid, buying LUNA without UST being repegged is just asking for losses.

Mentions:#LUNA#UST

UST is going to top the list by far. That's the bigges one.

Mentions:#UST

bFot up ~30%! The liquidity is so low, I think the only people left are those who believe in the project. I’ve been DCAing like mad. Definitely reckless. But the Devs are still making moves. Still improving. They’re even sending the snapshot to get everyone the $UST airdrop. Definitely a long way to go but, I’m shilling to all my Cosmonauts!

Mentions:#UST

I am feeling for those whose CRO and UST is still locked.

Mentions:#CRO#UST

Is it typical for platforms to just add assets without a notification period? Adding non-fully backed stablecoin hardcoded at $1 just days after UST collapses is extremely negligent and shows no respect for the safety of user's funds. Its unbelievably reckless. It sounds like Dues literally just exploited the bug and drained almost the entirety of user funds. But this is someone treated as legitimate use? Its almost comical if I didn't feel bad for all the users of scream with their deposits stuck, no liquidity, now reliant on the bailout of yet another collapsing algo stablecoin.

Mentions:#UST

Leard it the hard way to take profits years ago. This time I did take profit in November. And thanks god no UST!

Mentions:#UST

Luna will be 0 in 24 hours, UST soon to follow. Everything else built on this blockchain is toast as well.

Mentions:#UST

I swapped UST for USD on Kash at 10am PST on 5/9. The transaction was successful, but I never received any USD. I know other people that swapped after I did and received USD. Now Kash wants to give me my useless UST back after over 10 days. I think Prime Trust didn’t perform my transaction intentionally. Anyone else use Kash as an off-ramp? Did you get your USD?

Mentions:#UST#PST

UST was backed by air, it would be "stable" as long as their was demand for LUNA. Once that went it collapsed. Even $80k BTC wasn't enough to save the peg. I don't think there would be sudden collapse like this in top coins. USDT is shady but they did recently paid liquidate $7B.

But that exchange marketed UST as safe and high yield "stablecoin"? Do you see where the problem is?

Mentions:#UST

I know Luna won't get its value back but would UST get it ?

Mentions:#UST

$29.4k stablecoin. Still doing a better job than UST.

Mentions:#UST

This bull run confirmed that the crypto market was entirely manipulated by the likes of Tether UST, Bitfinex, Binance and other dubious pump and dump actors. This bear crash has confirmed that Bitcoin has failed it's promise of being inflation resistant. It has failed it's purpose. Not a mean of payment, and neither a store of value. So only DeFi remains on the board. Let's see.

Mentions:#UST

I guess we should only listen to those reliable folks who were claiming 100k by EOY 2021 and how backing UST with Bitcoin definitely wasn't a terrible idea. If Tether hasn't blown up after 8 years and multiple fines for fraud they never will. I can't even imagine a fraudulent company lasting for 8 years in an almost totally unregulated industry. Nothing like that has ever happened before or could ever happen.

Mentions:#UST

It's not the end of the world... Luna and UST investors can still claim their $CNDL bounties.

Mentions:#UST#CNDL

Frankly this Luna situation is a nightmare. Do Kwon is talking about forking the chain and starting over but nobody trusts him anymore. Trading UST or Luna now is like rearranging deck chairs on the Titanic. The only way out for investors is to accept the airdrop for UST victims offered by candlelabs.

Mentions:#UST

Unless the team burn 5 or so trillion... which should also help UST...

Mentions:#UST

It seems wiser to throw $100 now than to have my entire life savings on UST 2 months ago.

Mentions:#UST

This is especially important for those who had a lot of UST.

Mentions:#UST

Its not undervalued because it failed UST failed and technically there is 11 Billion debt on the Luna chain. It basically defaulted by severing the redeem mechanism. But as a failed project it is currently overvalued. And will never reach ATH again.

Mentions:#UST

#Terra Con-Arguments Below is an argument written by idevcg which won 1st place in the Terra Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra's entire value proposition is being propped up by its stablecoin UST, and in particular, the Anchor protocol, which has been giving out a pretty stable return of 19.5-20.5% APR so far. > > Because of how high its promise of returns is (and not on a shitcoin whose value fluctuates wildly, the value is pegged to USD for Anchor/UST), it managed to attract a huge amount of capital into the ecosystem. > > But how would Terra fare when Anchor can no longer offer such a high rate of return, or worse, if the entire system collapses? > > After all, UST is just an algorithmic stablecoin; there's nothing special about it that cannot be replicated by other platforms and smart contracts. If there was no risk, why don't all the other L1s also create a similar system to Anchor UST and offer 20% APR? > > In reality, Anchor UST currently works almost like a sort of a ponzi. > > [to quote](https://twitter.com/0xhamz/status/1506372692005593090?s=21): > > When UST per LUNA is less than LUNA mkt price -- the system is insolvent > > UST liabilities equate to 45% of the current circulating LUNA market cap > > With rapid UST adoption --- this rising floor is a vector of vulnerability. > > UST are deposits that are redeemable for LUNA tokens > > The LUNA ecosystem pays depositors to come into the ecosystem > > LUNA is paying depositors the 19.5% APY on Anchor > > But depositors are not creating organic value for LUNA > > LUNA benefits from UST adoption via swap and other usage fees > > LUNA has a 6.7% stake rate > > Borrow at 19.5% and return 6.7% won't last forever > > > /quote > > edit: Additionally, Terra is planning to buy over 10 billion dollars of bitcoin; where will those funds come from? Will they be forced to sell Terra Luna to fund this purchase? If so, what effect will that sell pressure have on the price of Luna? ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mzj/top_10_terra_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).

Mentions:#UST#LUNA

#Terra Pro-Arguments Below is an argument written by idevcg which won 3rd place in the Terra Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Terra Luna's UST has surpassed makerDAO's DAI as the largest (by marketcap) algorithmic stablecoin, despite the fact that DAI has been around for much longer. > > Do Kwon, Terra's founder has recently announced that Terra plans to buy [11 billion dollars worth of bitcoin](https://cryptosnewss.com/terra-ust-buys-125-million-worth-of-btc-out-of-11-2-billion-planned-to-acquire-in-three-month-period/) in the next 3 months, to further diversify the backing of UST to make sure that UST can continue to maintain it's peg to the USD. > > The Anchor protocol, which is an essential part of the Terra ecosystem, offers an unprecedented 19.5-20.5% APR on UST. It has run smoothly for over a year without any problems, unlike many other stablecoins promising high returns but ended up rugpulling. > > [According to Electric Capital](https://youtu.be/_ZKsunlK7sA?t=4628), from December 2020 to December 2021, Terra is no.1 in the fastest growing ecosystems, in terms of growth of full time developers, at 313%. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2mwy/top_10_terra_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive##wiki_terra.28luna.29) to find arguments on this topic in other rounds.

Mentions:#UST#DAI

tldr; Stablegains customers are alleging they were misled by marketing that suggested the company was better diversified, when in fact, it deployed all investor funds in Anchor Protocol, the now-infamous savings app on Terra. As the UST stablecoin collapsed last week, the company said its 4,878 customers would likely lose most of the $47 million they entrusted to it. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#UST#DYOR

Why hasn't USDN collapsed yet? It depegged at the same time as UST during the panic, but unlike the UST, it has regained the peg to some extent and remains only 2.5% below target. And yet I don't see why it should not follow the same fate as UST, since as far as I understand: - It is backed by WAVES, which has a lower marketcap than USDN, so it is not essentially not backed. - They advertise the same kind of ponzi 15% interest rate on staking What's going on with this coin?

tldr; UST lost its peg and the Luna token crashed to less than $0.001. UST is a stable coin that is bridged onto the Terra blockchain and is intended to be worth exactly $1. The Terra ecosystem incentivised people to trade Luna for UST when the price of UST floated too high, and to trade UST for Luna when its price fell too low. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#UST#DYOR

Lol, more than half of terra defi was centred around UST. To claim that terra is more than UST is dumb.

Mentions:#UST

Yeah yeah yeah, but what about UST ?. Can UST recover ?

Mentions:#UST

Temporary 20% isn't that unusual and was never believed by anyone with a right mind to be sustainable. Defi protocols offer increased rewards all the time to steal liquidity from other protocols or to entice new users hoping the capital will stick after the rewards go back to normal/sustainable levels. That being said it wasn't 20% return that crashed Luna, the fundamental relationship between UST-LUNA did. Same thing could have happened with 2% returns. I'm kinda surprised nobody is talking about FRAX, as it has the same mechanic. It's partially backed so it can't go to like LUNA did but still has a depeg risk.

“Value” in this case is what someone is willing to pay. If I’m only willing to pay 5 cents/UST, it doesn’t mean somebody gets the other 95 cents that it should be worth. It’s basically a collapse of the collective belief that one UST is equivalent to $1.

Mentions:#UST

Is like if you ask where is the 10% of my euros that has just disappeared this year against the dollar. It's just gone, no one have it. No one believes that the ratio euro dollar has to be at 1.1 The same with the UST stops to be valued at 1 busd, and the holders decide to swap it for less and less value (0.98, 0.8, 0.5, 0.05)... A bank run event could lead to a death spiral in the algorithm... And it happened

Mentions:#UST

thanks for the eggs. But I still don't get it. UST lost its value, investors lost money. So where do that money go to? Clearly not to Dex nor TerraLab

Mentions:#UST

>if you can live with risk UST. This aged..

Mentions:#UST

Do kwon said on twitter that the users who hold UST on exchanges will also get their new tokens. Should we believe him?

Mentions:#UST

Doing real great! Most of my investment is holding alright like BTC and ETH *Also crys in the background because I lost 5% of gains in UST*

Mentions:#BTC#ETH#UST

Seems like a few of the comment thread in the deleted AMA were delated as well, related to the LUNA/UST fiasco and Binance.

Mentions:#LUNA#UST

If only 100k UST was worth $100k!

Mentions:#UST

It hit 100k in UST

Mentions:#UST

as a Binance user, I believe that 25% APY is only for staking upto UST2000(not sure specific number) or something. After that, its like 5% APY or sth like. So yeah people cant just throw millions into it. I staked SOL on Binance Earn for 13% APY in 90days but the maximum limit is 3SOL so yeahh its not much

Mentions:#UST#SOL

UST was king of APY and we all saw how that turned out

Mentions:#UST

Makes more sense than UST

Mentions:#UST

But this whole analysis is silly, as you basically acknowledge yourself in assumption number 3. Obviously if the Terra ecosystem somehow recovers, LUNA will be burnt significantly as people resume holding/using UST.

Mentions:#LUNA#UST

UST is not tether. Tether holders don't make money

Mentions:#UST

Arguing what is or isn’t a ponzi or a rug relies a bit on how you define the terms, but in how I think of them I think it qualifies for both. Ponzi scheme: a financial instrument offering above average returns achieved by paying old investors using new investors money, creating a situation that can only sustain until withdrawals become greater than deposits. Rug pull: An event in a financial instrument where insiders use some form of deception to remove liquidity from the system. Distilled down, UST’s market cap was essentially a lie about how much liquidity was available within the system to be withdrawn, since billions of dollars of it were printed from thin air and never had been purchased. It’s a more elaborate version of Bernie Madoff sending account statements showing paper gains that weren’t actually available for redemption.

Mentions:#UST

At least something positive can come out of the UST shit show. Tether has gotten away with ignoring most critics about transparency and full backing. Now they feel the pain for that. That is actually the charm of crypto. We can all "vote" with our money fast and cheap and NOW they are at least TRYING to improve.

Mentions:#UST

If you closely examine, UST is being burned and Luna is being minted. It has low pace but it is still going on..it is slow because of low liquidity

Mentions:#UST

This is wrong. Luna is not being minted. Swap fees from UST to Luna exploded during the crash, and it is slowly being distributed to stakers, entering circulating supply. No new Luna is being minted. https://twitter.com/stablekwon/status/1527994283134816256

Mentions:#UST

That's strange large UST shorting by a small number accounts wasn't flagged though.

Mentions:#UST

Luna mint isn’t happening. They resumed the blockchain but made it so UST couldn’t be burned to get Luna.

Mentions:#UST

Almost 95 % of the tokens at the moment are scams. Including LUNA/UST ...Modern scams , pretty dressed up so the normal guys can not see them.

Mentions:#LUNA#UST

It was built in to how Terra Luna functioned to keep the peg at $1. For the UST to keep its $1 peg more Luna has to be minted. Since the UST price kept dropping below $1, people would buy it up a and redeem it for $1 making a profit and minting more Luna in the process. It just keeps going like that forever

Mentions:#UST

Do you think every stable coin is UST. I am all in USDT.

Mentions:#UST#USDT

LUNA / UST is a scam. A pretty advanced scam and ponzi covered so the ordinary guy can not understand it until it is too late. Cheers my brother !

Mentions:#LUNA#UST

Are you considering the idea of paying UST holders $1 for every UST they're holding? Many purchased UST under the belief that it would remain at a value of $1, it wasn't supposed to be a speculative asset.

Mentions:#UST

I mean what she *did* say was that > have said all along the crypto assets are highly speculative, very risky assets. My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety. So out of those points a) crypto assets are highly speculative (true) b) risky assets (also true) c) worth nothing (completely false) d) based on nothing (arguable, LUNA and UST crash lends some validity, but there ARE plenty of tokens with a sound base, it's just that shitcoins get a lot of attention) e) no underlying assets to act as anchor of safety (again see point d) So out of 5 points, 1 is completely false, and 2 are true, and the other 2 are arguable This is fairly balanced all things considered - unlike some comments I don't think attacking her will do anything really, but you do you, Peace

Mentions:#LUNA#UST

You lost me at UST back to $1 as we already know he ain’t even gonna try that

Mentions:#UST

Nah it's true, I'm happy to provide evidence where /u/IplacidI clearly stated they had images where Binance clearly stated that UST was safe and fiat backed.

Mentions:#UST

tldr; The UST collapse may lead to a tectonic shift in the crypto regulatory landscape. "Crypto assets could disrupt the international financial system if they are not regulated, overseen and interoperable in a consistent and appropriate manner across jurisdictions. We will probably [...] discuss these issues among many others at the G7 meeting in Germany this week." *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#UST#DYOR

Binance should do the same for small UST holders under $5k atleast. When they revealed the staking option it was marketed as Safe and high yield option to earn interest.

Mentions:#UST

TLDR: Nox Bitcoin, a Brazilian cryptocurrency exchange, has decided to refund all UST holders at a $1 rate with Tether’s USDT. Nox Bitcoin spent approximately $US127,000 (620,000 reais) reimbursing all of its clients. Insider trading problems surge in the crypto ecosystem.

Mentions:#UST#USDT

This is what Terra was doing: Burn 5 million premined Luna for UST in small batches over many wallets -> aggregate into larger wallets and bridge to ERC20 UST -> swap to MIM at a favorable rate timed to when degenbox would open up the leveraged UST farm, using degenbox depositors as exit liquidity -> swap the MIM to USDT or another major stable -> send to CEX All of this is verifiable on-chain. It didn’t just fail. It failed specifically because they were siphoning out the liquidity from the system using above average returns paid in bad debt as an incentive. It was a slow rug and a ponzi.

> Eh I think the fud is warranted after UST. not really because UST has nothing to do with tether or usdc, not same mechanism UST was a pyramid scam

Mentions:#UST

A Brazilian exchange is refunding UST and LUNA users that lost out on their investment. Would binance do this ?

Mentions:#UST#LUNA

No it won't help UST regain its peg since LUNAs price is too low; you need to mint too many LUNA and cannot burn enough UST for it to regain peg anyway. All it'll do is crash Luna to 0. As for burning Luna, I didn't see any official statement about that; they'd have to do a buyback and burn. The main proposal really has been a fork of the original network.

Mentions:#UST#LUNA

They were one of the investors in Terra. At peak valuation they held 1.5 billion worth of UST and LUNA. They also have holdings from the fees collected.

Mentions:#UST#LUNA

“Why did you(CZ) resumed UST and LUNA trading knowing that it is a failed project and also Luna mint is still happening although you tweeted 'no more minting'?” I saw this question earlier, but it looks like it disappeared as I was answering. It was the most upvoted at the time. Here’s my answer: In a decentralized world, there are many other exchanges too. If we suspend trading, and prices move on other exchanges, what do you think the holders will say? We suspended trading briefly when the validators paused the blockchain, even that caused a lot of complaints, but I believe our action forced the validators to resume the network within a couple of hours. Lastly, no one is forcing anyone to buy just because trading is on. There are high risk tolerance buyers willing to take over from sellers. The market place is neutral.

Mentions:#UST#LUNA

I'm happy to provide images where Binance clearly stated that UST was safe and fiat backed.

Mentions:#UST

Since September, they were taking 5 million Luna a month from the Genesis wallet, burning them for UST and dumping them onto people apeing into degenbox to extract liquidity from the system without affecting token price. They used a similar method to fund Anchor reserves when it kept running out. They siphoned liquidity from the system over time and paid people with what was essentially bad debt. IMO it meets the definition of a slow rug and a ponzi.

Mentions:#UST#IMO

There was a proposal to make a new coin to be airdropped by holders of current Luna (which will be called Luna Classic). There are also no plans to have a stablecoin tied to new Luna. The proposal was rejected by the majority in a preliminary release in a public forum, but as for the actual voting, majority of the whales are voting in favor of it. I'm not sure if the voting period has closed, however. If that passes, then effectively Luna and UST are abandoned. Even if voting is still undergoing, it seems LFG doesn't have any plans to save current Luna and UST right now

Mentions:#UST

Not sure what you are referring to. Binance always has risk warnings to users in all of our announcements. And to the best of my knowledge, we never said UST was “fiat backed”, etc. I’m 99% certain just a bad twitter conspiracy theory. Not sure about the Binance main account, but I do delete tweets all the time, mainly due to a lack of edit button. I just asked our team about this, there were some tweets about a specific APY, which is no longer true, so they deleted it as to not confuse new users.

Mentions:#UST

I never invested in LUNA and I will continue to not touch LUNA, but if UST manages to get back to its peg, then isn’t it possible for the token supply to come back down? If LUNA were $0.0001 then it would burn 10,000 LUNA to create 1 UST. Of course, this requires them to somehow change the algorithm to incentivize burning huge swathes of LUNA, but they don’t really have a choice anyway, right?

Mentions:#LUNA#UST

UST is currently at $0.0605...

Mentions:#UST

Eh I think the fud is warranted after UST. I don't trust stablecoins to be stable anymore. Yes some have less risk than others usdt usdc collateralized but still. I had a vision they were the safest asset but UST brought out the fear

Mentions:#UST