Yeah, as soon as I saw that they had exited prior to the collapse, they moved to the top of the suspect list. It will be interesting to see if it comes out who attacked Luna. Was a well coordinated and funded take down.
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Suspect list? In what sense?
If Luna was backed properly this wouldn’t of happened no? Any stable coin is a waste of time. The USA government will come after all claiming to be dollar pegged and easily as anything. It’s convenient having a token or two for moving value when trading but now in 2022 it’s gotten to point where many aren’t backed at all. I don’t see how this isn’t a failure not a attack of a product that was healthy. The dollar is loosing value by the month, I just don’t understand the excitement many have for a stable coin. I understand the use case. But it seems like many now are jumping into these to earn interest and hold long. This won’t end well at all. We in my humble opinion should be getting outta the dollar snd into real crypto. Again obviously there are use cases. I’m just talking about the massive people holding for interest that is not even covering inflation. It just seems even here people are more excited that HBD is earning 20% then focusing on Hive. It won’t end well for any of these unless there backed fully and totally centralized which defeats the entire purpose of cryptocurrency.
Maybe I’m just not seeing something others are 🤷🏼♂️. But if I had to give my perfect vision here. Fork and end HBD. Pick a value and turn it into hive. I think it’s not going to end well. We can use lighting now to move Hive for bitcoin. I just especially see HBD as a easy choice to target because of the higher interest rate and no backing. It’s putting a big target on our backs. The treasury will want there tax money from the 20% and it will bring attention I don’t think people expect.
Who will the regulator send the letter to, asking Hive to stop?
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The first on the list I think would be Kwon himself, since the actions he took to try to correct the fall not only affected LUNA and UST but the entire market.
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