Luna 2 was a cashout.
Make free coins, sell whatever you can.
Disappear.
Sounds like a buying opportunity imo.
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Thatās fair. āStupidityā is just a mean way of saying āvulnerability to manipulationā. The elderly can become more vulnerable to manipulation via cognitive decline rather than an inherent lack of intelligence. The greed thing I think is more fundamental to financial scams. The fake ransom thing Iām not sure I would even call a scam, itās more akin to a violent crime, like a stick-up robbery with an unloaded gun.
Damn, shorting Luna 2.0 would have been free money, assuming it was even possible.
How long do you guys think until Tether crashes?
Somewhere between tomorrow and a thousand years.
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Hard to disagree!
Knowing virtually nothing, Iād set the o/u at 5 years from now. Was curious if anyone has a more educated guess about where the median is.
A Ponzi scheme that returns only 5 percent is actually a phenomenal Ponzi. See Madoff, Bernie.
I donāt think anybody can say. If Tether crashes it wonāt be the same way that Terra went down because they use completely different methods to maintain peg. People have been saying Tether is shady and unstable since day one, but that was seven years ago and itās still doing fine. Soā¦ 
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Tether isnāt the same as Luna. It isnāt an algorithmic coin. Although Tether has issues with transparency towards their reserves.
Tether will probably crash if the entire crypto market cap goes from 1T down to a few hundred million.
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The fact that Do Kwon can just 2 weeks later print another ponzi coin is hilarious. Decentralized does have a side effect of all the the grifters get to do whatever they want and not go to prison for it.
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Thx both. My juxtaposition of Luna and Tether wasnāt meant to imply a similarity; Iām just entertaining the idea of shorting Tether because of its dubious reserves and the potential downward pressure from a bad overall economy. Being a stablecoin, if I shorted at the current price I at least wouldnāt face the risk of upward price movement. However, there is a borrow fee, which would add up if I were too early. Iāll pass for now and stick to shorting stonks.
Tether has already weathered some pretty rough seas. I donāt see any unique stressors for it in the current climate. Thatās not to say it canāt collapse tomorrow, but there arenāt any new reasons to think thatās likely.
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How would you go about shorting tether?
When I googled it recently, a 4-year-old reddit thread came up saying you can short it on Kraken by setting margin to 2x before clicking sell.
Seven years up and running doesnāt build any confidence for me personally. A massive liquidation even under the disclosed pretense of how its reserves are publically listed could cause it to crash if bitcoin or ether experience a giant exodus or either actually endure debilitating regulation as opposed to simply the fear of it that was enough to severally hurt it in 2017. I mean, youāre best case scenario puts you up to Full Tilt status with the worst case being just plan sad.
So youāre saying this crypto stuff is kinda risky?
Iām specifically a bitcoin fan in theory just not in price. Iād love to see a total destruction of inevitable regulation that destroys btc and wipes out nearly all other crypto because Iād be that hermit buying it again when others talk about how theyāll never get fool again! But yes, Iām against tether, specifically.
So is this the kind of practical applications weāre going to see from NFTs? Hotel reservations as NFTs, so if you want to cancel you need to sell the reservation NFT to another party. I canāt wait for these exciting developments!
https://twitter.com/JimmyJazz1968/status/1531502012906414085
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Goofys bot gonna be sniping mispriced stays at 5star resorts soon
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