A Korean translation of the name Do Kwon means "To Bring about" & "Authority" Most of the theories swirling around involve the same premise, crashing a stable coin to usher in regulation, among other things. For those who know how "they" work, this is important.
Considering how abysmally he's handling the aftermath, one could assume he isn't actually trying to salvage anything.
The theory that seems to be making the most sense right now also says he's forcing the decision to fork the LUNA chain merely to unlock the liquidity that's left so he can peace out with it.
Owes something like $78 million in taxes, under current investigation.
Plenty more to point to him being a Con, but it's all shaping out to have been way to coordinated. Seems more like this has been the plan all along and he is a willing or unwilling participant.
You don't need a conspiracy here when most of the cryptos are ponzi speculation scams to begin with and the founders are idiots, criminals or both.
All you need ia Liquidity and speculation to come to a screeching halt and all ponzis start failing.
And that is exactly what is happening worldwide if you haven't been paying attention.
When Liquidity drains we find out who's been swimming naked. 99% of the cryptobros.
Good Riddance.
couldnt agree more. amen to the pacifism of the speculative coin "investing" job, its no more valuable than a canadian poop farmer.
Tell me you know nothing about crypto or economics, without telling me you know nothing about crypto or economics.
The alternative to crypto is central bank (Rothschild) issued fiat, being managed by massive banks that have far less robust security protocols around their internal ledgers (digital) that they collectively balance (away from public eyes).
Drain liquidity from ANY system quickly and see what happens afterwords.
You think that’s unique to crypto LOL? The only difference with banks is that they engage in far riskier fractional reserve practices but have FDIC insurance.
The same principle behind FDIC could be applied safely to crypto assets.
The level of ignorance here is astounding.
I had read more about economics when you were still in your diapers. I bought my first digital cash in 1993.
Crawl back under your rock, please.
Clearly, you have extremely limited knowledge when it comes to economics, crypto, game theory, etc.
Go ahead and bluff all you want. You already showed me your hand, old man.