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re: Official CryptoTalk Thread

Posted on 5/11/22 at 5:18 am to
Posted by Saint5446
Member since Jan 2014
825 posts
Posted on 5/11/22 at 5:18 am to
I am thankfully on the sidelines of both, but is there any way at this point UST can recover? That is clearly what is nuking LUNA.
Posted by BottomlandBrew
Member since Aug 2010
27249 posts
Posted on 5/11/22 at 6:28 am to
I watch Ran Neuners show from time to time. I know his portfolio was over 50% Luna. I might have to tune in today to see how he's doing.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 5/11/22 at 6:38 am to
I’ll be honest, I just don’t see how you ever fully trust UST again. It’s a stablecoin, it’s supposed to be risk off and that trust has been forever violated. I love the idea of algorithmic stablecoins, but this failure to stay pegged is a black mark against the entirety of the crypto sector. It also gives the government the example they wanted for why they need to come in and regulate stablecoins to protect investors.

Frustrating and I didn’t even own UST or Luna.
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