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@salfal180893

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calendar_today02-06-2023 17:47:54

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Terraform Labs founder Do Kwon asks US court to sentence him to no more than five years in prison On November 27, Do Kwon, co-founder of Terraform Labs, asked a US court to sentence him to no more than five years in prison for his role in the collapse of the $40B #lunc #ustc

Terraform Labs founder Do Kwon asks US court to sentence him to no more than five years in prison
On November 27, Do Kwon, co-founder of Terraform Labs, asked a US court to sentence him to no more than five years in prison for his role in the collapse of the $40B
#lunc #ustc
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Message to the Creator, Do Kwon ​There is a young man who ventured into the war and invented a brilliant idea, but he erred in choosing the opponent, even though the idea itself was sound. ​#lunc #ustc #terraform

Message to the Creator, Do Kwon
​There is a young man who ventured into the war and invented a brilliant idea, but he erred in choosing the opponent, even though the idea itself was sound.
​#lunc #ustc #terraform
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2 ​The Terra network was a global creative genius and the definite solution to inflation and debt eradication. Therefore, its collapse was a signal of success, not failure ❤️. ​But the opponent was stronger. ​What is the difference between US and UST? ​US (US Dollar) #lunc #USTC

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3 This involves the minting process of the US Federal Reserve, which is a private, not governmental, bank. The beneficiaries are specific families that control the economy, and they would not let this matter pass easily. ​UST (TerraUSD) #lunc #ustc #terraform

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4 ​UST (TerraUSD) This is an algorithmic currency based on non-real assets. The more these assets increase, the more the minting process expands. You are literally creating money out of nothing. ​US: Debt ​UST: Assets ​#lunc #ustc #terraform

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5 ​Up to now, UST surpasses the US Dollar in true value. The paper dollar has lost more than 97% of its value, meaning its real value is approximately 2 cents. However, UST's value is still 8 cents. Therefore, in terms of value, it is still better than the US Dollar. #lunc #ustc

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6 The difference is in Power and who possesses it, not in Value. ​Why Terra Should Be Integrated ​I believe the Terra network should be controlled by the US because it is comprehensive. It includes the Terminus #lunc #ustc #terraform

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7 (tokenization/coding) in the Terra Station wallet and a large collection of currencies for various countries, surpassing the Forex markets in its potential divisions. The daily trading volume in these markets is about $5 trillion, or an average of $220 billion per hour. ​#lunc

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8 ​How can I be convinced that Terra was a fraud, or that a person who wanted to commit suicide was a fraud for the sake of $40 billion, when the network had the capacity to gather that amount in 11 minutes? ​The network speed and low cost make it the best in the blockchain world

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10Translation: The Global Economy, New Assets, and the Kwon vs. Fed Conflict ​The world suffers from economic inflation and an abundance of debt, while the growth of real assets (gold, silver, etc.) is slow relative to the speed of money generation (debt).​#lunc #ustc #terraform

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11 ​Therefore, we need new assets (Bitcoin, Ethereum, etc.) that have the speed of light in their appreciation to catch up, as the rise in debt has devoured the US budget. (Please connect these ideas.) ​#lunc #ustc #terraform

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12 ​The Federal Reserve needs the minting process—which is its job—to provide funds. However, Terra or Do Kwon created this brilliant idea that would crush them (the Fed). That is why the project had to be destroyed and then the idea seized. ​#lunc #ustc #terraform

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13 ​I believe there are undisclosed understandings regarding the case. If he gives up the UST idea, I believe Do Kwon will receive amnesty and compensation, on the condition that he never returns to this network, and the idea becomes the property of America and its corporations.

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14 This process is akin to a "pinch" (a tactical squeeze) and has happened more than once, where the original creators received money and then stepped away. ​However, Do Kwon’s mistake was that he targeted the US Federal Reserve and its currency, not just any corporation.#lunc

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15 ​Yes, he was boastful and arrogant, but he deserves it, as he saved the world economy (this is just the idea, and the discussion is long regarding this brilliant network and its impact on other networks and its major investors).​Do Kwon deserves to be honored, not criminalized

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Finally.. ​There are two people who deserve respect in the world of crypto: Satoshi and Do Kwon. Everyone else has lived off their innovation. #lunc #ustc #terraform

Finally..
​There are two people who deserve respect in the world of crypto: Satoshi and Do Kwon. Everyone else has lived off their innovation.
#lunc #ustc #terraform
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The problem isn't with those who voted "no" on the decentralized trading platform proposal. The problem lies with the community; the validator who voted "no" needs to be replaced. The community is responsible. #ustc #LUNC #terraclassic $lunc