Do you sit at a computer for longer than 6 hours a day?
You’re destroying your body if so.
Here’s the setup you need to protect yourself from posture problems and crippling long-term injuries:
🧵
Crypto is reaching a breaking point, and it has nothing to do with the Fed, Celsius, jpegs, or DeFi.
It's us.
We, the users, are destroying crypto.
Let me explain:
Strongly support this. Coordinated sympathy and relief for the average UST smallholder who got told something dumb about "20% interest rates on the US dollar" by an influencer, personal responsibility and SFYL for the wealthy.
Some interesting data on $UST and Terra's Anchor Protocol:
- There are 256K Anchor wallets
- The top 1000 Anchor wallets own 82% of all UST
- The poorest wallet in this top 1000 has 955K UST
This is great news for $UST / Anchor depositors.
Why? Let me explain..
1/
@Route2FI I was not so lucky. I was able to withdraw most of my UST into KuCoin but by that time it was already down almost 90%. Do you think it makes sense to hold and wait for better rate or take the 90% loss? Still have quite a bit in ANC-UST-LP which is probably lost. I am in shock :(
@Shahrin_Ramli @euryptogenius@Route2FI@anchor_protocol you should be ashamed of yourself to try to take advantage of people in this situation .. f-off scammer
@BOETHIUS10@Route2FI Still puzzled WHO lent out 100k BTC? There should not be many wallets that hold 100k BTC, shouldn't a big transfer like this be visible on the blockchain? Gemini denied it, so who else?
@Route2FI Same questions I had:
* Who borrowed 100k BTC? There are only a few entities that have that many BTC, even MicroStrategy has less than 200k BTC.
* Who approved/conducted that $1Bn UST OTC deal? wouldn't there be some kind of communications going on who you are dealing with?