Can we get a proposal in to remove Do Kwon from anything related to Terra ecosystem? @stablekwon
It may pass with 90% of votes in favor.
This way he can retire early and we can move on.
Paolo is the CTO at Tether, i.e. #USDT. 👇
During the Terra crash/panic, USDT lost its peg at almost 10% drop versus BUSD on Binance.
Yet, the peg is now back to $1 & they redeemed 7 bil in USD. That is about 10% of its mcap.
USDT continues to weather the storms quite well!
2/ Terra’s CEO is buying #BTC with UST & Luna
Why?
Why not buy and hold Luna instead?
Because he knows Luna is a poor long term investment.
He’s so smart he is buying billions in BTC with free money! Got to give him credit for that.
Here is how 👇
I'm waiting for approval from our lawyers to post the legal summary thread, but in the meantime here's a good read from @numair posted on Agora. It gives you a solid picture of what's about to happen next. https://t.co/Wn9GnmVQor
Do kwon then: Terra is All About UST and decentralized money.
Then everyone lost money in $UST
thinking it’s a stablecoin saving account.
Do kwon now: #TerraIsMoreThanUST
Wtf is this bro
Remember, your thesis can change.
Sometimes, we have theories that are invalidated by market events. $LUNA is a prime example of this.
It’s ok to be wrong, but it’s how you choose to respond that makes all the difference.
2/ Binance received 15,000,000 LUNA (at peak worth $1.6 billion USD, now not much) as part of the original ($3m) invest. 560x return at peak. It still sits on the address we received at 👇. Never moved or sold.
Address:
https://t.co/6HwTu6CCuB