You've probably seen a lot about cryptocurrency Terra Luna and its collapse over the last few days.
Here's how the $LUNA death spiral happened, explained so simply that your parents could understand it:
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There were $10 in bitcoin transactions yesterday. You start to tax 30% today, how much tax will you collect today? Close to 0. Why?
There were 10 birds in the tree. Bang, you shoot one down. How many birds are there left in the tree?
Enjoyed my Crypto Banter with @Scaramucci, @MarkYusko, and @cryptomanran discussing the news of the day, politics, war, economics, currency, business, & #bitcoin evangelism.
https://t.co/FRFH0Rs9Zk