Do not give it more turns. The Terra Luna crypto complex and the swap with UST was based on the permanent existence of a bull market for Luna as an independent product. After the bull market ended on 4/4/2022, the meltdown of the system was inevitable and it is not ponzi.
As Terra Luna was not a fraud or a ponzi but a general collective delirium of market psychology with a protocol written by a delusional person with an intelligent face, I said that the case was for a special "money, credit and banks" ballot from Economic Sciences and for straight.
The Terra Luna monetary system is of a worse nature than the Zimbabwean monetary system was in the days of Robert Mugabe. Trillions of coins created. For journalists: this is 100% contrary to default and limited supply Bitcoin.
The Terra Luna UST case is to be studied in all majors in finance, economics, economic history, and banking and financial law in the world. It has everything there is to have, and not to have, to be the central theme of money, credit and banks and it is not ponzi
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