Luna just changed "ownership"

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Silvio

Entrepreneur
Hilarious scam and everybody that lost money on this obvious ponzi deserves it

Especially this guy

1652547872518.png
 

369

Entrepreneur
There are some rumors from people who are inside lunas discussion groups that they are going to make a big announcement today
Fork seems out of the table
 

suzy

Corporate Services
Mentor Group Gold
Business Angel
It's a scam, they will never make it again. NEVER!
 

void

Entrepreneur
what is this discussion about? LUNA and all the other crappy stuff that has premined volume, ICO, are controlled by an individual or company, ... are about to disappear, these are not any different from fiat and have no future

there is BTC and maybe (big maybe) 3-5 others that have long way to go to prove they are like BTC and have some additional value (e.g. can serve as layer two or have features others don't)
 

MiddleEuroAsia

opportunist
Entrepreneur
Hilarious scam and everybody that lost money on this obvious ponzi deserves it

Especially this guy

View attachment 3637
hilarious and sad at the same time.

I don't agree with the word "ponzi" tho, because not every "fraud" is "ponzi", (maybe this is more akin to "death spiral financing" with the stock market) and overall, this was just a poorly executed plan that had vulnerabilities that were exploited.

The thing is, these high "APY" coins are like playing hot potato. It only works if you get out before you get burned.

because If it were that easy to earn 20% APY on a truly stable currency, everyone and their mother would be doing it. They weren't because it's risky as hell.

look up luna and ust and how the algorithmic pegging works (absolute and utter shit) and then look up the definition of a Ponzi. both will make you lose money but they are not remotely the same thing.

although Some projects or "stable coins" are more "trustworthy" than others, USDC, PAX, GUSD, PAXG..etc (a lot of them are "independently" audited). but, you still "trust" a centralized entity with your money, when crypto - supposedly - should be trustless.

I bought tera at 11 dollars back in august 2021 and and sold at 60 dollars or so in december last year, and made insane returns, but I know the risks that came with it, and If i lost it all, well, it is what it is, you gain some, you lose some. end of story

I just hope that this wave will weed out the people who aren't ready to handle the risk that comes with anything crypto ( i dont wanna call them stupid, financially illetrate or any names). I just hope that they leave this space on its entirety. crypto in it's current state is, unforunately, like gambling (Calculated or not, it still carries risk) and you can't gamble at the casino and then throw hands because you lost. it doesn't and will never work like that.

Sad, but I hope that people can learn from this and don't do the same mistake twice.
 
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Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
i dont wanna call them stupid, financially illetrate or any names

They fit the definition unfortunately :confused:. Probably same people trying to make up for their OneCoin or Bitconnect loses conf/(%.


Stupid

adjective​

  1. Slow to learn or understand; obtuse.
  2. Tending to make poor decisions or careless mistakes.
  3. Marked by a lack of intelligence or care; foolish or careless.
 

void

Entrepreneur
ok, LUNA is gone, it's a good thing, everybody here understands that, right?
hopefully this will lead to drift of capital from nonsensual projects/coins to solid ones that are really decentralized and different from fraudulent fiat systems
 

369

Entrepreneur
i doubt that luna is gone.......but its another scam taking liquidity from new buyers to old buyers.i'm pretty sure cz is involved in it and has now a VERY big stake in luna.
Noone is going to tell me he stopped trading after a 99.99% price loss to protect users like he claimed :D
 

JosephLL

Active Member
what is this discussion about? LUNA and all the other crappy stuff that has premined volume, ICO, are controlled by an individual or company, ... are about to disappear, these are not any different from fiat and have no future

there is BTC and maybe (big maybe) 3-5 others that have long way to go to prove they are like BTC and have some additional value (e.g. can serve as layer two or have features others don't)
I am also truly appalled by the amount of shitcoinery present on this pretend to be serious investment forum.
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
hopefully this will lead to drift of capital from nonsensual projects/coins to solid ones that are really decentralized and different from fraudulent fiat systems

You think people will sell their Dogecoin and Shiba Inu? They are still the 10th and 15th biggest crypto as I type :confused:.
 

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