UST did that and every applauded Luna for doing it. Then they had to liquidiate anyway.
How come people do not understand the way to build value on a currency is not on the reserve but the utility.
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UST did that and every applauded Luna for doing it. Then they had to liquidiate anyway.
How come people do not understand the way to build value on a currency is not on the reserve but the utility.
Because people don't think about consequences. They see it as a bandaid fix if it works. This is the human way
That is true although with this I think it is a lack of understand how money really works. So many operate on false ideologies that are a century out of date.
i wish i understood stuff. i'm just an idiot on the internet