Terra Luna is dead and Do Kwon's imprisonment might become a certainty. If I was Do Kwon I would take every coin I have and keep it in a safe place and save them as payment for legal fees which he will certainly need. Luna's legal team has also quit the project. Do Kwon's own legal team for the project do not want to defend it themselves once the regulators begin their investigations. I hope none of you lost much of your money in this failure. The in-house legal team at Terraform Labs resigned shortly after the collapse of Terra’s algorithmic stablecoin wrought havoc on crypto markets.
A person familiar with the matter told The Block that legal operations are now being handled by outside counsel.
The LinkedIn profiles of Terraform Labs’ general counsel Marc Goldich, chief corporate counsel Lawrence Florio, and chief litigation and regulatory counsel Noah Axler show that all three stopped working for the company in May — all after less than a year at the company.Source https://www.theblockcrypto.com/post/147390/terraform-labs-legal-team-resigns-after-ust-collapse |
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Are we witnessing the emergence of the biggest bitcoin antagonist in the cryptospace? I think Sam Bankman-Fried is one of the most intelligent founders in the cryptospace, however, I am starting to be more skeptical about his agenda. In the article, he mentioned that bitcoin may have a future as an asset, a commodity or a store of value. I am scratching my head on what he might be implying in his statement. Is he telling us that bitcoin will not forever be no.1 in market capitalization? Skeptical. I do not know if he is making an honest assessment on bitcoin or if this is the beginning of their new agenda to remove bitcoin from being no.1.  Bitcoin has no future as a payments network because of its inefficiency and high environmental costs, according to one of crypto’s most influential chief executives.
Sam Bankman-Fried, founder of the digital asset exchange FTX, said the proof of work system of validating blockchain transactions, which underpins bitcoin, was not capable of scaling up to cope with the millions of transactions that would be needed to make the cryptocurrency an effective means of payment.
“The bitcoin network is not a payments network and it is not a scaling network,” said Bankman-Fried.
But despite his views on bitcoin, Bankman-Fried said he still believed the world’s biggest digital asset had a place in the crypto market.
“I don’t think that means bitcoin has to go,” he said, adding that the token may still have a future as “an asset, a commodity and a store of value” akin to gold.Read in full https://www.ft.com/content/02cad9b8-e2eb-43d4-8c18-2e9d34b443fe |
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Don't worry guys, this fight will really happen at high chance. Errol Spence not concerned with Canelo, focused on Crawford fightThe fact that Spence is focused on Crawford, that's a good sign where in fact, he's not even interested before and Crawford is the one aggressively requesting for their match. We just have to wait for any information as that might be on work already but the public is not just aware. Please take a read at the article, there's a good information there. I am shaking my head. Was that news reporter a Mexican or a fan of Canelo? Why create this type of storyline for Errol Spence when it is very clear that fighting Canelo after losing to Bivol will not be as exciting as fighting the other king of welterweight and it will also not be a good business decision for Spence. I reckon Canelo should fight GGG and win it spectacularly first before he can look for bigger fights in other weight divisions again. |
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And those fighting kittens are ready for me to watch, Amanda Ribas and Andrea Lee, I will surely feast my eyes on those two while sipping some beer, so good luck with their fight.
The 2 of our sexy fighting kitten have lost, however. It was to be expected but I thought Andre Lee would be having the better performance between her and Amanda Ribas. I did not bet on either of them, however, on Amanda Ribas' next fight I will certainly bet her even if she is favorite. She appears to be much improved after she lost the fight versus Marina Rodriguez. We also have another fighting kitten for the next event hehehehe. Polyana Viana, she was the girlfriend of Colby Covington. He might be lying, he hates Brazil hehehehe.  |
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@Kemarit. This is much more different, however. Terra Luna and UST were supported as part of the cryptospace's bluechip ecosystem. The concept of algorithmic stablecoins was something that was going to bring everything more independent from fiat currencies. I reckon as an idea it is something the cryptospace very much needs, however, the implementation is clearly much harder to make. In any case, the intruder who went to Do Kwon's home talked to news reporters and said that he lost $2.3 million in Luna and UST. This might be clickbait. The reporters should ask if $2.3 million is being valued when Luna was more than $100 per token or if is investment started with $2.3 million. “I have lost about 2 to 3 billion won (US$2.3 million)
Suspect told reporters
He spoke to the reporters following the Seongdong police station investigation. The suspect also urged Kwon to take up full responsibility for the downfall. He used to operate an online broadcasting channel. The suspect claimed that many had taken their own lives amidst the fall of the stabelcoin.Source https://watcher.guru/news/suspect-who-invaded-terra-founder-do-kwons-home-reveals-his-motive |
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^^ Oh, so this means that there is insider trading or this might be the plan of Do-Kwon months ago when he shares that he will start to buy billions worth of BTC and then this crash happens.
But I wouldn't say that it's a death spiral, only those strong altcoins survived the current downtrend. Bitcoin starting all over again and trying to regain back the $30k support levels.
Insider trading in the cryptospace is a certainty because it is easier to do with everything almost unregulated. Coinbase has accumulated and pumped coins with the knowledge that the coins will be listed. Binance and other exchanges are doing this also. This is the power of having your own trading desk without a regulator watching you. Who said that this would create a death spiral? Do Kwon has dumped most of the bitcoin in Terra's treasury. There might only be 300 coins left in the wallet hehehe. |
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San Francisco 49ers fans, @DireWolfM14, is this rumor true? This might be head scratching because Trey Lance is cleary not ready to be the starting quarterback and if Jimmy Garoppolo is traded who will they get from the Panthers, Sam Darnold? This is clearly not the move similar to the Rams where they brought in an underestimated quarterback hehehe. This implies that San Francisco might be supporting Trey Lance for the whole of 2022-2023 despite of the risks? When the 49ers' 2021 NFL season ended with a loss to the Los Angeles Rams in the NFC Championship Game, not many expected quarterback Jimmy Garoppolo to remain on San Francisco's roster in mid-May.
But as the quarterback carousel unwinded in a busy offseason around the league, no team answered the 49ers' calls for a Garoppolo trade.
One of those teams that appeared to be a natural landing spot for the veteran quarterback was the Carolina Panthers, who entered the 2022 NFL Draft with Sam Darnold as their top quarterback on the roster. But the Panthers addressed the position in the draft by selecting Matt Corral out of Ole Miss in the third round, possibly signaling an end to rumors regarding a possible Garoppolo exchange.Source https://sports.yahoo.com/nfl-rumors-jimmy-garoppolo-panthers-164346351.html |
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Woohooo didn't know Marlon Vera become a Roobet brand ambassador, it would be better if Roobet can reach Oliveira or McGregor since they're very popular on UFC. I don't really follow the UFC, so I don't really understand how popular Marlon Vera is but compared to McGregor people will be more aware of McGregor and it could be that his level of popularity makes Casino have to spend more to sign him become a brand ambassador, but it could be also that Roobet is targeting the Latin America market to be able to get a lot of players from there. However, if you want someone from the UFC to represent your business would it be Conor McGregor who has lately been having a very bad reputation? There are stories slowly coming out that he is involved in the Irish mafia in his hometown which the leaders are his childhood friends. Marlon Vera is a humble fighter who is also a family man with 3 children. One of those children is a special child that he loves dearly which also gives a very good impression as a brand ambassador for a business. His fee might also be much cheaper compared to Conor as you also mentioned hehehee. |
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 A day back El Salvador President Nayib Bukele have removed the laser eye profile pic and the #bitcoin from his bio. The same is taken to discussion connecting it with the loss of $36m from the reserve. Later he has said thanks for reminding and I want to wear those again. I don't see this as a loss. Still the country holds the number of bitcoins bought and they haven't sold it. If the inflation of the fiat holding is calculated, the loss will be high against ongoing market crash. Some has stated the ongoing Luna incident a rug pull and this gets followed by bitcoin. This might be seen as a form of the beginning of Bukele's capitulation. He is not only an investor in bitcoin but he is also a leader of a 3rd world country who has enemies in politics that can criticize those bitcoin purchases as a waste of publicly owned resources. We cannot be certain if this is the beginning of something, however, it would really not shock me if El Salvador began dumping their bitcoin investments because of political pressure or because of a threat on Bukele's power. |
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It might not only be that. Before we were very worried about USDT's peg if it can keep it versus USD then now we are presently looking at UST if it can recover and repeg to USDT which also is trying to keep its peg with USD hehehe. This is a comedy show being written in crypto history with algorithmic stablecoins pegging with fractionalized stablecoins that are pegged with a fractionalized fiat currency. The Big Short 2.0 in the making.
I know how crypto market is with fud and everything will return to normal. However with this case, it is an attack and seriously it goes beyond anything we can imagine of. Unfortunately, in calculation it is impossible for LUNA to come back to even jusf $1. Anyway, I smell many things fishy in this case. Many ventures stay outside even they have serious huge capital there. Did they short it too? When short is done, will they suddenky appear to give financial support for Terra? Also, it is speculated that a major liquidity provider in the cryptospace has lost much of its equity in UST and Luna. This might cause the whole market to dump lower. Follow the Luna wolf tattoo hehehee.  GalaxyNice tattooo! It is another thing. If the incident is a huge combined attack not only on Terra but also aim at crypto market in general, months ahead will be bad. It is speculated that there were insiders and investors of Luna themselves who were the first to know what was happening and withdrew all their UST from the Anchor protocol, dumped their UST for USDT or USDC in Curve and also went to short Luna. There are 2 cryptofunds that also are market makers who have the capability to have done it, 3 Arrows Capital and Alameda Research. They might have collected billions of dollars from this catastrophe. Regulations on stablecoins might come much quicker than expected. Circle and USDC might be given the most benefit because of this and steal Tether and USDT's lead in the stablecoin market. A top official at the U.S. Securities and Exchange Commission (SEC) signalled on Thursday that stricter rules around crypto stablecoins could be drawing closer.
Cryptocurrency markets have an overall value of about $1 trillion this week amid the collapse of the stablecoin TerraUSD and a destabilising plunge in Tether, currently the world's largest stablecoin by market cap.Source https://www.reuters.com/business/finance/secs-hester-sees-movement-us-stablecoin-regulations-2022-05-12/Also that arm with the tattoo is Mike Novogratz of Galaxy Digital hehehe. |
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It appears that I should have been braver on my bet hehehe. I knew there was a good chance that Charlo would knockout Castaño, however, I was not sure about their first fight if it was only Charlo underestimating Castaño or if Castaño is really a very good boxer. Charlo winning with a knockout would have won more money.
Also, did everyone see Boots Ennis knockout his opponent in the 2nd round? I predict him to be a real challenge for the kings of welterweight, Errol Spence and Terence Crawford on 2023. His next fight should be vs. Keith Thurman to build his name.
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Their products have some death points which they should realize at begining when they build it. What Terra did with UST and LUNA is partially similar to margin trading and liquidation on the market. Traders are not safe if the collateral asset is Bitcoin, altcoins because when price of collateral asset is down deeply, their position will be liquidated.
Now you can add stablecoin into bad asset list for collateral. I don't understand why Terra comes up with the idea, totally algorithm, smart contract based stable coin which is backed by other coins even they are Bitcoin or Ethereum
It might not only be that. Before we were very worried about USDT's peg if it can keep it versus USD then now we are presently looking at UST if it can recover and repeg to USDT which also is trying to keep its peg with USD hehehe. This is a comedy show being written in crypto history with algorithmic stablecoins pegging with fractionalized stablecoins that are pegged with a fractionalized fiat currency. The Big Short 2.0 in the making. Also, it is speculated that a major liquidity provider in the cryptospace has lost much of its equity in UST and Luna. This might cause the whole market to dump lower. Follow the Luna wolf tattoo hehehee. Galaxy |
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In any case, it is Jermell Charlo versus Brian Castano. The odds on Charlo is only 1.51. However, it appears his victory is a certainty.
Jermell Charlo is on another level. He is dangerous. I'm hoping that someday he will face Canelo Alvarez in the catchweight at the Light Middleweight division but seems impossible now as previously beaten by a heavy underdog Dmitry Bivol a week ago. The upcoming Charlo vs Castano II will now erase the questions on their 1st fight that ended up in a split decision. I reckon the first fight only ended in a split decision because Jermell Charlo might have underestimated Castaño. I am not quite sure of this but we can ask @bisdak or @Boafeng. However, Charlo certainly makes it appear that he might be underestimating him in the press conference. I hope I am wrong and this is only trashtalking tactics from him hehe. This might end with a knockout for Charlo but I will make it safe and bet only Charlo to win. |
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This might only be the beginning unless investors are given their money back. There is a report that 2 people have started going to Do Kwon's apartment to break in and to harrass his family. This is scary for Do Kwon, I only hope for the safety of his family and some compensation for the investors. Police are investigating a report that an unknown person visited the home of Terraform Labs CEO Kwon Do-hyung and rang the doorbell. CEO Kwon's spouse requested the police to designate a person for emergency personal protection.
According to the police on the 13th, the Seongdong Police Station in Seoul received a report that an unidentified person broke into an apartment in Seongsu-dong, Seongdong-gu, and rang the doorbell at around 6:23 pm the day before.Source https://m.mt.co.kr/renew/view.html?no=2022051308574726920&type=outlink&ref=%3A%2F%2F |
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so in a nutshell it’s just a natural elimination basically the only project left are the ones that are basically can be considered “good”.
I’m sure that in the future we’ll see more and more smart contract platform that currently are considered as one of the most promising investment getting more and more underwhelming.
instead, i’m thinking that the metaverse gonna make some great increase in term of market valuation because most of the metaverse project gonna end their beta phase.
We had that plenty of times before. Whenever we are in a big market crash, that results with us ending up with going back up eventually but not all coins. Some coins go down and never recover from that. There are so many projects that reached ATH during late 2017 and early 2018, during the altcoin boom and then when it crashed people hodl it long enough but they never recovered, not even in the last 2 years when the prices went up. This is a proof enough that we should not be considering it unlikely for the future as well. Some coins reached ATH last year and they will never reach that again and this crash will be the death of them for sure. Hehehe much of the people who have been in the forum before 2018 has the experience of what might happen already. I have noticed that our newer bitcointalk members think Fantom, Avax, Solana or Cardano successes are a certainty. In any case, I hope my thoughts in this thread are helpful for everyone. I will create a new thread sharing some advice on how to go through a bear market, based on my own mistakes hehe. |
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@dhru9. You clearly made a very bad decision. You should wait if UST returns to $1.00 peg first before gambling on Luna. What is happening presently with the Luna ecosystem is the holders of UST are burning UST for Luna tokens and they dump them on the market. This will not stop until the peg returns.
True, we don't know, maybe Binance has halt it already because of the current status of UST or this is some glitches and blips along the way. Nevertheless, it is not a good idea to invest on everything that that Terra Luna on it. The way it has affected the market in the last couple of days, they might be pulling a rug pull here. CZ has already certainly seen what will occur in his mind. He will delist Luna and UST and he will leave Alameda Research, Jump Crypto and Justin Sun to help Do Kwon try bring back the peg to $1.00. However, it might be better to give up and begin again by starting a fork. And it appears it might happen. The Luna validators has halted the chain hehe. |
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#Authentication Post Type of campaign: Signature Bitcointalk Username: bbc.reporter ERC20 wallet address: 0x1eeBA79cCA148e1bAed483980F86209d9b9CF603 Let me be this. Thank you.  |
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Anyone saw this?   This is great art right there, a painting that can hand in the biggest museums and galleries XD No disrespect to both Frankie and Tony, but this is just funny  I mean, there were KOs such as this before, but it seems we haven't seen much captured on film as of recently so it's fun to have the whole collection. Has anyone also seen this? Someone minted a rare El Cucuy Bored Ape hehehe.  Similar to the opinions of much of you, I also will say that he should retire before he has brain damage and transforms into a real ape. He has a wife and a son. He should take care of himself to take care of his family. Dana should let Tony fight Conor and make his retirement pay. We also have 2 sexy fighting kittens hhehehe. They will be fighting different opponents, however.   |
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@dhru9. You clearly made a very bad decision. You should wait if UST returns to $1.00 peg first before gambling on Luna. What is happening presently with the Luna ecosystem is the holders of UST are burning UST for Luna tokens and they dump them on the market. This will not stop until the peg returns.
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