11 May, 03:35
Inside job to bring in stablecoin regulation.
By design.
By design.
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Do Kwon probably in on it too.
no way an algorithmic stablecoin will ever survive a hyper illiquidity event. this was set up to fail.
Same thing done to establish Fed in 1913.
1 - crank up the credit (Roaring 20s + Anchor Protocol ponzi)
2 - everyone gets sucked in
3 - pull the rug out (The Great Depression + Terra collapse)
4 - people lose money
5 - Normies beg to be bailed out (Federal Reserve established + Crypto regulation)
Thank God we have their playbook !
no way an algorithmic stablecoin will ever survive a hyper illiquidity event. this was set up to fail.
Same thing done to establish Fed in 1913.
1 - crank up the credit (Roaring 20s + Anchor Protocol ponzi)
2 - everyone gets sucked in
3 - pull the rug out (The Great Depression + Terra collapse)
4 - people lose money
5 - Normies beg to be bailed out (Federal Reserve established + Crypto regulation)
Thank God we have their playbook !
03:45 PM - May 11, 2022
In response Vincent Kennedy⍟ to his Publication
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