Row 35799

Row ID: 35799 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 35799 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Been in the "space" since 2015 🤣

Leverage DIDN'T cause the crash.... the dodgy AF minting mechanism that was designed to maintain the UST peg IS what caused the crash!

NOTHING ELSE!

Go and look how many LUNA got minted into existence during that period!

Then go read the formula used to maintain the algorithmic UST peg.

Then you might start to understand just how wrong your understanding of what happened is!

There were MANY far more intelligent people than me warning about this PRIOR to the crash... I was just someone who heeded what they warned, then went and dug into the formula used for LUNA/UST peg and saw for myself what a clusterfuck it was waiting to be.

Many of those even spoke publically directly to Do Kwon's face! He was made VERY aware of the systemic risk at the core of everything! He KNEW, but discounted it as it fell outside the mean.... Discounted a SYSTEMIC risk! He proceeded KNOWING in the event it was triggered, it would destroy all value in the ecosystem!

And people STILL invested in that shit!

And how has that turned out for everyone involved....

It might pay you in the long run to read a few books about crowd psychology. Just because a large group are in agreement or accepting of something, does not = right/correct. In fact, it can actually in a lot of cases cause weak willed people NOT to assess things themselves properly and they just follow along blindly because that's what "everyone else is doing".

FieldValue
text Been in the "space" since 2015 🤣 Leverage DIDN'T cause the crash.... the dodgy AF minting mechanism that was designed to maintain the UST peg IS what caused the crash!  NOTHING ELSE!  Go and look how many LUNA got minted into existence during that period!  Then go read the formula used to maintain the algorithmic UST peg.  Then you might start to understand just how wrong your understanding of what happened is!  There were MANY far more intelligent people than me warning about this …
label r/cryptocurrency
dataType comment
communityName r/CryptoCurrency
datetime 2024-05-21
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Raw Record

{
  "text": "Been in the \"space\" since 2015 🤣\n\n\nLeverage DIDN'T cause the crash.... the dodgy AF minting mechanism that was designed to maintain the UST peg IS what caused the crash! \n\n\nNOTHING ELSE! \n\n\nGo and look how many LUNA got minted into existence during that period! \n\n\nThen go read the formula used to maintain the algorithmic UST peg. \n\n\nThen you might start to understand just how wrong your understanding of what happened is! \n\n\nThere were MANY far more intelligent people than me warning about this PRIOR to the crash... I was just someone who heeded what they warned, then went and dug into the formula used for LUNA/UST peg and saw for myself what a clusterfuck it was waiting to be. \n\n\nMany of those even spoke publically directly to Do Kwon's face! He was made VERY aware of the systemic risk at the core of everything! He KNEW, but discounted it as it fell outside the mean.... Discounted a SYSTEMIC risk! He proceeded KNOWING in the event it was triggered, it would destroy all value in the ecosystem! \n\n\nAnd people STILL invested in that shit! \n\n\nAnd how has that turned out for everyone involved.... \n\n\nIt might pay you in the long run to read a few books about crowd psychology. Just because a large group are in agreement or accepting of something, does not = right/correct. In fact, it can actually in a lot of cases cause weak willed people NOT to assess things themselves properly and they just follow along blindly because that's what \"everyone else is doing\". ",
  "label": "r/cryptocurrency",
  "dataType": "comment",
  "communityName": "r/CryptoCurrency",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1KcEV5dDk3dmpnWUc1eEIwN28wTE5pbVZCaGVWU01DQjk0cWhoTEEzUFg4RFlsQ2VQUnZYcC1ndFVqb1Zyd2lOdy12NVhlVUczZ0IyV0l1Z3RvLWhsdjg2ejFkMkN4TjJqaW1rY1FhSmV2Q1U9",
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}
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