Let’s work backwards…
Some of us are in this because we believe in decentralized, permissionless money .
That’s me, bro. That’s why the Bitcoin network is here. I don’t want decentralised, permissionless money …in the denomination of a particular country’s government fiat currency.
You were assuredly involved in stablecoins!
No I wasn’t. I invested in a highly speculative asset, LUNA, in a nascent industry that’s price was subject to the forces of supply and demand on a variety of exchanges. I invested more when I learnt about the large number of projects within the ecosystem and the growing community of developers & non-developers.
That being said, I’m dead serious when I say that anyone who wants to abandon UST holders to pump LUNA
Here you misrepresent my position. (1) I don’t want to abandon to UST, the market already has. It’s dead, time to move on. Even if the peg can be restored in the long run, then market confidence in it’s ability to maintain the peg is likely forever gone (akin to many currencies forced out of their pegs over the past 50-60 years). (2) I don’t want to pump LUNA, I want steady long-term sustainable growth of the ecosystem. I want the ecosystem and community to drive the utility of the token, which in turn will increase demand and save the LUNA hodlers from the disaster caused by UST …And finally to conflate these two issues as some sort of zero sum game that I wish to enforce is simply disingenuous. I have zero care for UST, just as have zero care for any stablecoin pegged to fiat currency. My care is exclusively for LUNA, and as an investor in this token & now a participant in its governance discussion, I am 100% entitled to care about my investment. I wish no harm to UST hodlers, they just don’t factor into my investment decision into LUNA and my desire to recoup my monies lost by a flawed UST blowing the thing up.
I suggest that you learn to read, and familiarize yourself with the concept of satire.
That’s just rude and inappropriate. And don’t try the ol’ “I was just joking! It’s satire!” trick. I’ve seen a few of your posts tonight and you speak with all the arrogant authority of a 2nd year economics student or 2nd year associate. Your content has impact. You call for drastic actions. You write in large chunks of prose, even calling original proposals …And then you claim a satire defence? Give me a break.
Final new addition:
UST is dead.
No only is UST dead, but this stablecoin will go down in the history books alongside the Mt Gox affair, the DAO attack, and other blockchain disasters that will never be forgotten and end up setting this industry back years.
The sooner this cancer is cut out from my LUNA investment, the better.
Someone who won’t reply to this thread anymore. Neither of us are changing each other’s minds. So I leave the floor to you to convince others why I’m wrong