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crypto seems like the last space where financial ne'er-do-wells still might actually face some reckoning so im hoping some folks get soaked over this.
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May 13, 2022 02:28
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It's back in the top 10 coins by market cap now. They are just going to print trillions.
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May 13, 2022 02:31
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https://twitter.com/WatcherGuru/status/1524924795682422790 https://www.binance.com/en/support/announcement/514e0ba636e843bda47d5d740b7dadf4 i think some kind of trading of Luna is still allowed but most of it's being removed Malloc Voidstar fucked around with this message at 02:35 on May 13, 2022 |
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May 13, 2022 02:33
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Twerk from Home posted:It's back in the top 10 coins by market cap now. They are just going to print trillions. lol, it's literally not worth anything
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May 13, 2022 02:43
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Beeftweeter posted:https://robinhood.com/login They don't sell Luna apparently But I did have $21 in my account that I forgot about!!! Big win for me in the markets today
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May 13, 2022 02:43
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Malloc Voidstar posted:https://twitter.com/WatcherGuru/status/1524924795682422790 isn't it necessary to buy luna to buy terra and vice versa? understandable imo since they floored it on the death spiral
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May 13, 2022 02:44
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Twerk from Home posted:It's back in the top 10 coins by market cap now. They are just going to print trillions. crypto "market cap" is just total number of coins times current spot price though and they're printing billions of new coins per second at the moment
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May 13, 2022 02:49
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it's literally pointless to even try to keep up somebody posted "lol 400 billion coins" like 45 mins ago at this point there are 6.5 trillion luna coins in circ https://fcd.terra.dev/v1/circulatingsupply/luna
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May 13, 2022 03:00
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lol and, lmao
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May 13, 2022 03:08
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remeber .f.i.a.t. is bad because they just print more money all willy nilly
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May 13, 2022 03:08
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i don't understand why you would mint new coins in response to both the stablecoin and Luna going down in value. can someone explain it to me like I'm an idiot?
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May 13, 2022 03:11
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ryde posted:i don't understand why you would mint new coins in response to both the stablecoin and Luna going down in value. can someone explain it to me like I'm an idiot?
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May 13, 2022 03:15
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ryde posted:i don't understand why you would mint new coins in response to both the stablecoin and Luna going down in value. can someone explain it to me like I'm an idiot? -You can always redeem one Terra for $1 worth of Luna -You can always redeem whatever number of Luna tokens add up to $1 to get one Terra There should always be enough Luna tokens in circulation to redeem all the Terra tokens for $1 each. But now that Luna's value is near zero, you need nearly infinite tokens to cover the supply of Terra, and presumably there's no circuit breaker on their code. Oh and you can't get $1 for a Terra as of the last couple days, so there's probably some utterly busted preconditions there too lol
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May 13, 2022 03:18
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ryde posted:i don't understand why you would mint new coins in response to both the stablecoin and Luna going down in value. can someone explain it to me like I'm an idiot? The "algorithmic peg" that's the whole point of this dumb poo poo is basically a smart contract that let's you exchange 1 Terra for 1 USD of Luna, or vice versa. This keeps Terra "pegged" at 1 USD so long as Luna always has a big bid. Otherwise you go into a death spiral that basically prints infinity Luna, making it worthless, followed soon after by Terra. This is the phase we're in now.
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May 13, 2022 03:18
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ryde posted:i don't understand why you would mint new coins in response to both the stablecoin and Luna going down in value. can someone explain it to me like I'm an idiot? since you can only exchange terra for luna, and one of them (terra) is supposed to always be valued at $1, printing trillions of coins theoretically could raise the price of terra to be equal to $1, since it's well below that. of course, as is with crypto, that's dumb as hell and won't actually work
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May 13, 2022 03:19
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"Blizz Finance is a decentralized, non-custodial liquidity market protocol operating on Avalanche." https://twitter.com/BlizzFinance/status/1524912507789377549 isn't it great how often "decentralized" often actually means "centralized in some random third party we don't control"?
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May 13, 2022 03:19
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I like that three different people landed three different explanations for something being stupid like that time we thought about the Soylent founder.
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May 13, 2022 03:20
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"sorry to those affected." is a good variation on "thoughts and prayers."
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May 13, 2022 03:22
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https://twitter.com/terra_money/status/1524935730308456448Plorkyeran posted:"Blizz Finance is a decentralized, non-custodial liquidity market protocol operating on Avalanche." https://twitter.com/zzzzoey_t/status/1524815733007364109 so it would never report luna as being worth <$0.10
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May 13, 2022 03:24
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Plorkyeran posted:"Blizz Finance is a decentralized, non-custodial liquidity market protocol operating on Avalanche."  lol lmao
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May 13, 2022 03:25
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look, we were acting in good faith when we programmed our exchange by cutting and pasting the top-rated answer on stackexchange
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May 13, 2022 03:27
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im imagining someone hardcoding that value and another person asking "what happens if it goes below $0.10" and getting the answer that it'd never happen because it means poo poo has hit the fan.
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May 13, 2022 03:28
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Booyah- posted:several billion Luna are being printed per second because of their busted-rear end algorithm https://twitter.com/DoombergT/status/1524911060779773952?s=20&t=ia4M077Rq_HyLZYteN-dDg  https://twitter.com/DoombergT/status/1524918409716170779?s=20&t=ia4M077Rq_HyLZYteN-dDg  https://twitter.com/WatcherGuru/status/1524924795682422790 https://thumbs.gfycat.com/CarefulWindyIberianemeraldlizard-mobile.mp4
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May 13, 2022 03:28
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perfect
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May 13, 2022 03:30
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i don't understand? how can you have a number lower than .1? like look at your keyboard, idiots
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May 13, 2022 03:34
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oh yeah and someone got into Do Kwon's apt building by tailgating a resident and knocked on his door https://news.mt.co.kr/mtview.php?no=2022051308574726920
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May 13, 2022 03:43
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luna "market cap" is less than a free to play poker tournament
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May 13, 2022 03:44
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https://twitter.com/Fxhedgers/status/1524931880163741697 Tether followed very quickly by buttcoin
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May 13, 2022 03:53
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May 13, 2022 03:55
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Closing the stable coin doors after the apes are gone
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May 13, 2022 04:03
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https://twitter.com/MarkGutman9/status/1524647883928178688
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May 13, 2022 04:11
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PostNouveau posted:https://twitter.com/Fxhedgers/status/1524931880163741697 well but! https://twitter.com/fxhedgers/status/1524928286245015552?s=21&t=9ArxX2A7mfpUfmq7_UjvqQ victory!
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May 13, 2022 04:15
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Nostalgia4Butts posted:god drat its been that long if ever you feel FOMO, remember, yospos is here to help
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May 13, 2022 04:17
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Boxturret posted:remeber .f.i.a.t. is bad because they just print more money all willy nilly it again, tether
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May 13, 2022 04:18
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keep going you're so close to getting it
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May 13, 2022 04:18
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https://twitter.com/molly0xFFF/status/1524952417732808704
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May 13, 2022 04:21
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Chris Knight posted:float
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May 13, 2022 04:25
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May 13, 2022 04:27
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