Row 40100

Row ID: 40100 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 40100 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Go back and reread your 1st reply, you claimed UST was widely trusted....

It quiet simply wasn't! Many other stablecoins had FAR more volume and were actually widely trusted.

UST was just part of a scam ecosystem that was systemically flawed from the outset and a LOT of people got into it chasing YIELD, not because they "trusted" UST (or LUNA for that matter). GREED is what drove most and because they became involved in that ecosystem, it was just EASIER to use the native stablecoin in that ecosystem.

Correlation does not = causation!

UST was never "widely trusted".

UST wasn't even widely used in comparison to other top stablecoins of the time!

Turns out it was actually a unstablecoin.... who would have thought!

On the upside, pretty stable at $0.02 now! Actually, just checked and its not even stable at $0.02!

FieldValue
text Go back and reread your 1st reply, you claimed UST was widely trusted....  It quiet simply wasn't! Many other stablecoins had FAR more volume and were actually widely trusted.  UST was just part of a scam ecosystem that was systemically flawed from the outset and a LOT of people got into it chasing YIELD, not because they "trusted" UST (or LUNA for that matter). GREED is what drove most and because they became involved in that ecosystem, it was just EASIER to use the native stablecoin in tha…
label r/cryptocurrency
dataType comment
communityName r/CryptoCurrency
datetime 2024-05-22
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url_encoded Z0FBQUFBQm5Lak9idTRsTllVZlRmR0FSRnZjN29qS3hUMEZqX0pEdU9DWnE3cldjbVhCd1JZdHhlY1p3N0MtaDBYSWpKaVNodjlOZjgzLXFGeHZ0aFJEOGp3bEJ1WHBxZHZGMWx2YWQzTm9VQ0JULWoxLXhDZFlpMWFSeXBWNGFzbGpYcnR2dlFwQzJaRnBmTGc5ZzlxTDFpdjZ5bF9DUkdjRHlmQUtaRFVxMmViaTQ5N3Exc1lPUVhTck9TVVZ2UDhWTEFWMElSY2ZRdldwbW1jb3U3SWN1YnJmX0VsbHNvQT09

Raw Record

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  "text": "Go back and reread your 1st reply, you claimed UST was widely trusted.... \n\n\nIt quiet simply wasn't! Many other stablecoins had FAR more volume and were actually widely trusted. \n\n\nUST was just part of a scam ecosystem that was systemically flawed from the outset and a LOT of people got into it chasing YIELD, not because they \"trusted\" UST (or LUNA for that matter). GREED is what drove most and because they became involved in that ecosystem, it was just EASIER to use the native stablecoin in that ecosystem. \n\n\nCorrelation does not = causation! \n\n\nUST was never \"widely trusted\".\n\n\nUST wasn't even widely used in comparison to other top stablecoins of the time! \n\n\nTurns out it was actually a unstablecoin.... who would have thought! \n\n\nOn the upside, pretty stable at $0.02 now! Actually, just checked and its not even stable at $0.02!",
  "label": "r/cryptocurrency",
  "dataType": "comment",
  "communityName": "r/CryptoCurrency",
  "datetime": "2024-05-22",
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Entry Information