@ColdBloodShill Dude has never used runes or understand UTXO model. Have you seen tx fee on runes? It can cost upto $500 for a single trade depending on how many UTXO
Unpopular opinion from OG's/influencers
3AC ended up doing more harm than good
They put more damage onto the average retail trader like you and me (yes, you're retail)
I can only imagine people calling 3AC "builders" are the people who received presale allocation & dumped bags
While LUNA was a strong trigger and excess lending contributed a lot to the market turmoil, it is the GBTC discount that is at its core.
The fix is for @BarrySilbert to dissolve the fund and make investors both whole and liquid.
@Tree_of_Alpha@GiganticRebirth Yes ofc. Gcr is a giga chad and one of the greatest traders all time. Me thinks that he tend to see the good in people which is a great thing.
@Tree_of_Alpha One of the things @GiganticRebirth is gonna be wrong about is him believing 3AC would bounce back. Quite sure Su is gonna end up in prison.
[DB] Voyager's exposure to 3AC consists of 15,250 BTC and $350 million USDC, 3AC has not repaid requested amounts.
Voyager: Failure to repay by June 27 will constitute an event of default
Voyager intends to pursue recovery from 3AC
The length of this bull market caused many people to succumb to lifestyle creep
As the value of their portfolio declines, past a certain point they fear if they can maintain the same lifestyle they’ve grown accustomed too
Then they start selling - acceleration of trend