#FamilyIsEverything. APL = 5.55/10 *Authorized conspiracy theorist *Not an authorized preacher.
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 !