This space has been going for hours! @leap_xyz whatever fuel you're using, I need that.
Shouting out Leap for the Failure conversation. People are generally uncomfortable with failing, and if they just got comfortable with it they would achieve so much more.
A thread on this FUD today. 163, a major news site in China, ran a story that Google translates to:
βChangpeng Zhao, the founder of Binance, was arrested in the mansion during the FBI raid, and a room of BNB and BUSD was found in the basement of the mansion.β 1/6
Who genuinely thinks $LUNC aka $LUNA holders will see a 99.9944% reduction in circulating supply? And who benefits?
Thoughts:
Unless someone like @elonmusk or @cz_binance comes along, "randomly" buys $904million of tokens and burns them, it seems unlikely. Why would they?
How would you burn that much $LUNC aka $LUNA, without getting burnt in the process? Or do we just accept that not enough people would sacrifice their loss for another person's gain?
The aim in crypto by most investors seems to be about making profit off hype, and not the tech.
(4) Without a sufficient resolution to the $80 Billion+ loss to $LUNA and $USD investors there will be serious ramifications that will negatively effect the crypto market, scaring off current and future investors
1/ Recently, a few community members (including some from TFL) have referred to the proposed new blockchain in Prop 1623 as a βforkβ as opposed to a genesis chain.
Note: The revival plan is not proposing a βforkβ of the existing chain, but rather the creation of a new one π§΅.