It has taken me a while to put my thoughts together about the crash of LUNA and UST; I have been personally grieving the avoidable loss caused by the entire debacle. I wasn’t a big fan of the LUNA and UST stablecoin/stabilizing asset mechanism; I thought it was flawed and would eventually have death spiraled. Before the enormous losses from the LUNA crash, I had written about my thoughts on LUNA and algorithmic stablecoins
The LUNA/UST Debacle — My Thoughts.
The LUNA/UST Debacle — My Thoughts.
The LUNA/UST Debacle — My Thoughts.
It has taken me a while to put my thoughts together about the crash of LUNA and UST; I have been personally grieving the avoidable loss caused by the entire debacle. I wasn’t a big fan of the LUNA and UST stablecoin/stabilizing asset mechanism; I thought it was flawed and would eventually have death spiraled. Before the enormous losses from the LUNA crash, I had written about my thoughts on LUNA and algorithmic stablecoins