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There are still people trusting Do Kwon and buying Luna

Posted on 5/20/22 at 10:30 am
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167294 posts
Posted on 5/20/22 at 10:30 am
There's no way the coin can ever rebrand or recover like he is saying. Seems like a last ditch cash grab by him yet people all over the subreddit are buying.
Posted by Chuckiee
Member since Jan 2007
2500 posts
Posted on 5/20/22 at 10:41 am to
If you're dumb enough to believe him or any Luna maxi at this point, you deserve to lose your money. This gives the non-crypto people the ammo they need to continue calling everything a scam.
Posted by FnTigers
Member since Sep 2021
1429 posts
Posted on 5/20/22 at 10:42 am to
Yep. Makes absolutely no sense, but people will still throw their money into his trash.
Posted by Diseasefreeforall
Member since Oct 2012
5537 posts
Posted on 5/20/22 at 10:47 am to
Online communities for stocks or crypto can be dangerous because they can make you feel like you're a part of something larger and lose sight of the fact that this is just about trying to make money.
Posted by DeathValley85
Member since May 2011
17180 posts
Posted on 5/20/22 at 1:33 pm to
There will always be people like that.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 5/20/22 at 1:37 pm to
I think in general, although I get the idea and think it is worthwhile, algorithmic stablecoins have taken a huge hit in trust that they may never recover.
Posted by ninthward
Boston, MA
Member since May 2007
20421 posts
Posted on 5/20/22 at 5:41 pm to
short answer: yes
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 5/21/22 at 9:44 pm to
I think it's over now.

People were trying to pressure do Kwon into burning a huge number of tokens and continuing v1. It looks like they are forking it instead.

People made good money catching that bottom.
Posted by McCorkleJonesGOAT
Member since Apr 2022
362 posts
Posted on 5/22/22 at 3:26 pm to
Half the posts of FUD on cryptocurrency sub are from people who post on

r/socialism

r/buttcoin

I just saw a post claiming to be a "crypto og" yet posts on buttcoin, and called capitalism a scam.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10401 posts
Posted on 5/22/22 at 7:43 pm to
quote:

capitalism a scam


A capitalist country is responsible for
the greatest wealth generated of all time, the largest middle class of all time, the least poor of all time, and more charity than every other nation on the planet combined.

Capitalism is so damn good that even the poor have free food, free housing, free electricity, free running water, free transportation, and free smart phones.

Capitalism is one of the best things to ever happen to the planet.
Posted by McCorkleJonesGOAT
Member since Apr 2022
362 posts
Posted on 5/22/22 at 10:16 pm to
I don't think you understand the context of that quote, read my post again.
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