Terrarian Royal Hipster

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@OneEyesOnYou @devSHIBA69 @ibrahraam @stablechen @terra_money Wait what? The Luna coins in circulation now are held by private actors, so being able to burn them will prove a very challenging task..

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@Thommyturtle @ScorpionDAO @Cephii1 How would it be burned? Take it out of peoples wallets and burn it?

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@rubencrypt @Sharksimus @Terrians_ @terra_money @archon_0x @AlphaSeeker21 @JayJaboneta @sjpark_TFL You will have to offer people to buy them back from them .. Only meaningful way I see this getting sorted is them offering a buy back of the inflated Luna.

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@claudinhodb @stevenr16254249 @coinbureau actually it has gone up 1500% on kucoin over the past 24hours. People are still interested in the terra Luna ecosystem. Even if the peg failed

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@ks0787 @stablechen @stablekwon @terra_money @CosmWasm 3,000 Luna was never worth millions. At highest point you had maybe 400,000

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@TeeTeeDaBeenBe1 @Cephii1 Yeaaa, people like you are what's wrong with crypto. Why don't you just go away? You aren't helping anyone or anything with your negativity.

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@Gandalfberg @wagmigently Lol this would be funny if people didn't lose large amounts of money over this..

[Coin Bureau @coinbureau]

As if by crazy "coincidence", the Fed released it's latest Financial Stability Report yesterday. In it, they talked about the risk of stablecoin runs...

https://t.co/FNubiTTk5S

[Ryan Kassian @RyanKassian]

@cleanertvshow @coinbureau Nothing “happened” to the protocol. A strategically timed speculative attack created a liquidity crisis on various exchanges, which led to panic selling, and liquidations of Luna --> If demand is negative, price falls

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@TheThorLady @THORChain I don't want to sound crass, but I wish you guys would stop with all this large leveraged borrowing to then loan out what you borrowed.

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@brian_terra_ Lol

[brian_🌲 @brian_lezgoh]

did anyone try turning the peg off and back on again?

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@It_Is_Brandon @terra_money What did you want them to say? Do you really think that people in crypto don't resonate with that type of communication? You need to take a good hard look in the mirror and ask yourself, am I a tradfi bro or do I want to be part of a digital economic revolution?

[cryptofly @filingfly3142]

@BetterCio @larry0x Perfectly timed woth the removal of liquidity from the 3-pool in preparation for the 4-pool going live. No way this attempted de-peg wasn’t a bad actor attempting to orchestrate a malicious attack and force a $UST bank run. Likely a fund invested in a different competing L1

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@filingfly3142 @larry0x The fact that there is a large wallet out there meaningfully attacking UST peg just reinforces my thinking that Luna and UST are a powerful decentralized algo stable. Powerful value, powerful enemies.

[cryptofly @filingfly3142]

@larry0x I would imagine the issue is liquidity. The coordinated dumping by that large wallet was rapid and at regular intervals. Including some $85 million the moment some liquidity was removed from the 3-pool to the 4-pool, so liqudiity was low. Essentially it was extremely well-timed

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@gp6299 The chain is being ddos attacked so people aren't able to make moves to stabilize the arbitrage opportunities. It's resulting in some outsize arb opportunities for people able to get transactions through.

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@hamsahall @TerraPico_ust Oh shit, you are going to eat cat food now right?

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@TerraPico_ust Because he consistently tells the people at work they are wasting their capital efficiency with tradfi banking options..

[Terrarian Royal Hipster @Crypto_Dad_Ryan]

@TerraPico_ust To not care about money.