amin
@amin_archive
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@ggooooddddoogg I uploaded this picture to Wikipedia. That’s my friend Dylan. Here’s me with Dylan.
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Some interesting data on $UST and Terra's Anchor Protocol:. - There are 256K Anchor wallets.- The top 1000 Anchor wallets own 82% of all UST.- The poorest wallet in this top 1000 has 955K UST. This is great news for $UST / Anchor depositors. Why? Let me explain. 1/.
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The second way is to prioritize smaller wallets. People who had a couple thousand or more of UST deposited in Anchor. If Terra just focussed on the "poorest" 99.6% of wallets, then they could make this gigantic group 100% whole. Yes, you read that right!. 4/.
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Someone just broke into Do Kwon's apartment in Seoul, Korea. $UST is now $0.25. $LUNA is less than a cent (-99,99% from ATH). And the Luna subreddit is full of detailed non-troll posts about people contemplating suicide. What a crazy day.
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If you read until here, you are a real one 🙏🏽!. To spread the knowledge, you could like or retweet the first tweet: .
Some interesting data on $UST and Terra's Anchor Protocol:. - There are 256K Anchor wallets.- The top 1000 Anchor wallets own 82% of all UST.- The poorest wallet in this top 1000 has 955K UST. This is great news for $UST / Anchor depositors. Why? Let me explain. 1/.
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The benefit of prioritizing smaller wallets:. - WAY more people would be made 100% whole.- Good for community sentiment.- It's easier to manage the remaining group of rich whales after the big group is whole.- One could argue it's fairer: poor people need money the most. 6/.
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An investor with atrocious timing pumps $10K into the S&P 500 on the worst possible day of each year, for 16 years. His $160K would still be worth $540K at the end, a CAGR of 7.9%. (SmartMoney 1995)
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I repeat: By prioritizing the bottom 99.6%, Terra could literally afford to return every dollar that was invested by the poorest 99.6%. How come?. Well, the VERY vast majority of UST is held by regular people in smaller wallets (non b/millionaires). This is potent #hopium. 5/
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@stablekwon Finally: Here's the link to the proposal on the official Terra forum, authored by a person who goes by the name of "Fatman". Shoutout to Fatman. You did a great job researching and writing it! . 10/.
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A little side-story:. Something similar happened after Madoff's Ponzi collapsed. In the end, Madoff's investors received 70 cents on the dollar. However, smaller investors were prioritized; Investors with $1.7 million or less received EVERYTHING BACK. 7/.
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So most of Madoff's investors were made completely whole again, except for a few ultrarich/hedge & pension funds, who received back "only" 70 cents on the dollar. All thanks due to a functioning judicial system. In DeFi, investors might not be as lucky. But I digress. 7/.
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@stablekwon Now that UST depegged, Terra is suddenly more than UST? . Because just a week ago, UST in Anchor was BY FAR the most popular activity in the Terra ecosystem. I hope you understand that UST holders are waiting for you to address this.
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Forum members strongly support this proposal. And so do I. I hope it gets implemented. So if you are one of the 200 IQ Terra developers with close ties to the leadership, kindly tell @stablekwon and others to go forward with this. 9/.
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Please note: I've done my best to read and understand the proposal the best I could. I cannot guarantee that I got everything correct. Confession: I'm still somewhat new to DeFi. If you have any thoughts, feel free to comment and kindly keep things civil 🙏🏽 . 8/.
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Today marks exactly four years since the Spotify IPO. If you had invested $10K in $SPOT, you'd now have . $10K. So what happened? A short explainer.
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@nayibbukele Just use your own money next time. Gambling with peoples taxes isn’t cool bro.
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There's currently a proposal on the official Terra forum. The goal is to make people "whole" again, using Terra's $1,5B fund. But there are different ways of doing this. One way would be to return, say, 30 cents on each UST invested to every wallet. 2/.
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But this way, Terra's funds would disproportionately flow to rich whales who were holding most of the UST at the time of the depeg. And you'd only be making everyone just 30% whole. In reality, most people would still feel bitter. So let's explore the other way. 3/.
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@stablekwon I think there are more urgent things than "preserving" the community of builders. It's like a house is on fire, and instead of saving the people from the fire, you're talking about building a new house.
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“On Tinder 10% of the men get 90% of the attention, which does not lead to good behavior or long-term relationships. Online dating is disastrous for mating and for men.”.Well said @profgalloway
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$FB Facebook is now under $200. P/E: 14.4.P/S: 4.6.EV/EBITDA: 9.6.Debt: $0.Cash: $48B.YoY revenue growth: 20%.
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"If bitcoin prices keep falling they could drop below estimated marginal production costs. This has happened before in 2018 and 2020 and the result was swaths of miners going out of business. A sustained fall in the hash rate followed."
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@stablekwon Lots of people have DMed me their stories of their UST savings getting wiped out. Do Kwon, @stablekwon, turning your back to these people is bad for your karma. It's time to tweet a plan that at least partially relieves their stress, starting with the poorest/smallest wallets.
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I highly recommend anyone who lost money in $UST to do two things:. 1. Follow @FatManTerra here on Twitter. 2. Join the groupchat for $UST holders on Discord. Read the FAQ and Announcements channel to be part of the lawsuit 🙏🏽.
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Many $UST holders are from second and third-world countries. They didn't even care about crypto. They just wanted access to US dollars. "Now, my wife and I have to use pills to fall asleep". My DMs are full of such stories. @stablekwon.
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@stablekwon Hi Do, .Any plan to help people who had their savings in UST? .Could you refund them (partially) with whatever funds Terra has left? People are DM'ing me stories of their savings being wiped out.
Some interesting data on $UST and Terra's Anchor Protocol:. - There are 256K Anchor wallets.- The top 1000 Anchor wallets own 82% of all UST.- The poorest wallet in this top 1000 has 955K UST. This is great news for $UST / Anchor depositors. Why? Let me explain. 1/.
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@terra_money We should all support this proposal of returning the remaining funds:
Some interesting data on $UST and Terra's Anchor Protocol:. - There are 256K Anchor wallets.- The top 1000 Anchor wallets own 82% of all UST.- The poorest wallet in this top 1000 has 955K UST. This is great news for $UST / Anchor depositors. Why? Let me explain. 1/.
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@stablekwon You seem tonedeaf to what your main focus should be. You’re dismissing that your creation destroyed many lives. You should fix that first. Tweeting about other shit seems in poor taste.
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Michael Burry was shorting $ARKK in August 2021. $ARKK is down 50% since this article.
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$FB Meta is now 70% of my portfolio. (though the very vast majority of my NW is cash).
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Instagram revenue (estimated):. 2015: $0.5 billion.2016: $1.8 billion.2017: $4.1 billion.2018: $10.3 billion.2019: $17.7 billion.2020: $24 billion. $FB made one of the greatest acquisitions in history.
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"Facebook Marketplace is the world’s second-largest marketplace, in terms of monthly active users, behind only Amazon. It’s ahead of Alibaba, Walmart, eBay, Taobao, and has quietly left the once-unconquerable Craigslist in the dust."
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When Amber Heard accused Johnny Depp of domestic violence, multiple of his ex-girlfriends came to court to testify in favor of him, saying that he’d never do that. When even your exes speak so highly of you, that’s a true sign of integrity.
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$FB Meta is opening its first-ever physical store. The "Meta Store" will feature VR headsets and is set to open on May 9th in California.
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@Morbidful He fucked around and found out. He shouldn’t have continuously cheated in her in such a cruel and deceitful way.
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@terrabayio It's almost like you guys are being paid to tweet this nonsense. Look at all the replies here. People are NOT on board.
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“people are strongly overly biased towards inaction and laziness. Humans evolved in a calorie-scarce environment. Conserving energy and effort was literally a matter of survival.”
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Hey kids, remember to use limit orders and not market orders. While $FB was trading at $222, someone accidentally paid $310 in AH. That's a 40% premium. I hope they didn't buy a ton of shares.
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@stats_feed A barrel of oil. Because then the price of every other product will also decline.
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$FB Facebook is like tobacco. And Tik Tok is like crack. But just because you’re smoking crack now, it doesn’t mean you’ll quit cigarettes. They can coexist.
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@FatManTerra Interesting data. Many people also told me they held off from selling due to DK's tweet. And then later, when it truly depegged, they just froze because they had no idea what to do or who to even believe anymore.
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$FB Facebook, you know, the blue app that no one uses anymore, has 1.9 billion daily active users. That's 48% of every internet user on the planet excluding China. That's just the "dead" boomer Facebook app, not including Instagram or WhatsApp.
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$FB / $META Introducing Meta Pay 😳. “shop, send money, and donate to causes you care about on Facebook, Instagram, WhatsApp, Messenger”
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Nice to see that @stablekwon has been answering questions about $UST. The wheels seem to be in motion. #hope
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@VitalikButerin Thank you Vitalik for supporting this proposal. Sadly, I'm already hearing that it might not go through, because Luna holders are voting against it. I wish you could ask @stablekwon if he could somehow implement this. It would relieve a lot of people.
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Behind the scenes, some of the best lawyers on the planet are working on the case against Terra and Do Kwon. If you lost money in $UST, know that there is hope to get at least some of it back, maybe even all. It's best to keep your expectations low and your hopes high.
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@stablekwon @WestieCapital That would be fairer. But the reality remains that UST holders don't want a speculative shitcoin. They want a USD-pegged stablecoin.
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In 2018, $FB Meta stock dropped 19% in a single day, wiping out $120B in mkt cap, on poor guidance and slowing growth. Back then, it was the biggest drop in history. The stock kept dropping and bottomed at -40%. Since then, both revenue and earnings have doubled.
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People have been devestated by the Terra $UST collapse. This old widowed lady held $69K in UST, her entire retirement savings. *Poof*. Gone. This is one of many stories people have DM'ed me. 1/
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$BABA Alibaba is up 27% in Hong Kong on the news that China reassured investors, vowed to support overseas ADRs, and would introduce market-friendly policies to increase stability.
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Hello @stablekwon,.Compensating small UST holders should be your MAIN FOCUS. But instead, it seems like an afterthought to you. An inconvenient truth that you'd rather not think about. A short reply buried underneath lots of tweets about other nonsense. Unbelievable.
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Michael Burry: ."No school could teach being a great investor. It would be the most popular school with an impossibly high tuition.". H/t @AmirReihani87
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@cz_binance Hello CZ,.I think you are showing real leadership here! Thank you for supporting this proposal.
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"Unlike commodities, no real world demand exists for bitcoins. Beware of catching falling knives."
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Hello @stablekwon .I received many DM's from people of your native country, South Korea. This lady lost all her savings. Some victims of your creation see hope in me. But I have no power. So I'm just relaying what they tell me. Helping them should be your MAIN priority.
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It’s estimated that over half of $FB Meta's ad revenue now comes from Instagram. They should’ve renamed the company to Instagram instead of Meta.
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There is a groupchat for UST holders who are seeking compensation. It's a good way to connect with others and stay updated. It was made by @FatManTerra. Here is the invite link:
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@M_Kirk Then a few rich whales would suck the majority of Terra's funds into their own wallets, while the bottom 99% would have to share the rest. Fatman said:."People with millions or billions in Anchor do not need the money as much as someone who put half their $50k life savings in.
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Why Chinese tech stocks are booming, in 10 seconds: . There's a very important guy in China named Liu He. He is the closest economic advisor to President Xi Jinping. Today, He made statements about ADRs, regulations, and more. This boosted investor sentiment. $KWEB $BABA
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@terra_money We should all support this forum proposal to make UST and Anchor depositors whole again.
Some interesting data on $UST and Terra's Anchor Protocol:. - There are 256K Anchor wallets.- The top 1000 Anchor wallets own 82% of all UST.- The poorest wallet in this top 1000 has 955K UST. This is great news for $UST / Anchor depositors. Why? Let me explain. 1/.
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$FB Meta is cutting back on Metaverse spending and postponing some costly projects. I think this is great news. H/t to @AJButton2 for informing me
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Some common themes in the DMs from people who lost money in $UST:. - Being unable to sleep.- Chest pains.- Pills for sleep and anxiety.- Thoughts of suicide. cc @stablekwon @terra_money @anchor_protocol.
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@justinsuntron Hello Justin, I appreciate your support. Many people DM'ed me their stories of lost savings. They considered UST in Anchor to be safe. I think Fatman's proposal minimizes the damage. If I may be more direct; it minimizes suicides and lives ruined 🙏🏽. Thank you.
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Unpopular opinion: Current inflation is primarily caused by supply chain bottlenecks, and not by monetary policy. And QE (sometimes mistakingly called "money printing") is not directly inflationary, at least not nearly as much as many crypto bros believe.
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PIMCO Billionaire Bill Gross on his fame and drive. I like his honesty and vulnerability here. h/t @RobinWigg.
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@stablekwon @jonatha34653623 @SvNem26 @Triton618 @CryptoHarry_ Hi Do, Thanks for confirming. What would UST holders be receiving exactly?. I think most pre-depeg UST holders wish for something like USDC.
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@stablekwon @jonatha34653623 @SvNem26 @Triton618 @CryptoHarry_ Thank you, Do. I'm happy to see you're communicating and answering important questions. I hope you keep this up :).
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Hats off to $FB Meta for doing the right thing and holding its ground here.
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I love how humble and self deprecating @FatManTerra is. Even his username is indicative of it. I’m also starting to see replies that strangely question FatMan’s motives. No one’s perfect, but he seems to be doing his best to maintain his integrity in every tiny choice he makes.
@koreanjewcrypto @henrixbt I'm glad to hear it - to be honest I'm far closer to the 'dumb retail' bracket than I'd like to admit to myself.
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Africa's population is expected to triple by 2100, with Nigeria becoming the 2nd most populated country in the world, behind China. $FB Meta recently opened a special R&D lab in Lagos, Nigeria, and hired local engineers to build experimental stand-alone apps for the continent.
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Meanwhile in Terra's official discord: Admins blocked users from writing msgs, so users are reacting with clown 🤡 and 👎 emojis. Lol.
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In 2004, long before cryptocurrencies, there was a Japanese man issuing his own electronic money called “Enten”. He defrauded tens of thousands of people out of $1.4B. Does this remind you of anything?
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“people generally think they are a little better than they really are. This is likely evolutionarily adaptive; life would be unbearable if we were fully aware of our inadequacies.”.h/t @robkhenderson
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Excellent article on cloud. After reading it, I just wanna buy $AMZN, $GOOG, $MSFT, and then go chillax for a decade.
New post on THE CLOUD is up: How big could it get?. I draw comparisons to electricity, go through a Netflix case study, explain why the "base-layer" makes the cloud unique among transformational innovations, and more.
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@FatManTerra Thank you, FatMan. I often think of you at random moments throughout the day and feel grateful for all your efforts 🙏🏽.
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It’s now been exactly one month since Do Kwon said this. And he hasn’t mentioned it since then. It’s just super shitty of him to not communicate anything at all. We’ll keep pressuring him.
@PersianCapital @jonatha34653623 @SvNem26 @Triton618 @CryptoHarry_ Havent executed the trade yet, but likely usdt or usdc.
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After losing money in stocks, derivatives, and $UST, I'm now ready to lose money elsewhere. Any suggestions?.
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I’m now up 37% on my $GOOGL position. I didn’t do any autistic fundamental analysis. I just saw a great company at a good valuation and bought.
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Someone on the official Terra forum wrote a post opposing the new fork. What did Terra do?.1. They deleted his post.2. They IP-banned him. He says he never broke the rules or used foul language. This person just DM'ed me his story. Has anyone else experienced this? You can DM me
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Nassim Taleb: “You can tell if a discipline is BS if the degree depends severely on the prestige of the school granting it. I remember when I applied to MBA programs being told that anything outside the top ten or twenty would be a waste of time. On the other hand, a degree in
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And just like that, Do Kwon killed a bunch of conspiracies that were making the rounds on the internet. The corporate move was long-planned and the timing coincidentally aligned with the crash. If you believe him, that is. I personally think I can believe him.
@FatManTerra @Sarahparker45 @gregosuri We have no outstanding tax liabilities in Korea. The NTS did conduct a tax audit across all the major crypto cos with a presence in Korea and applied Korean tax code to foreign mother companies, and every company ended up paying as a result - we paid in full. Not unique to TFL.
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I wouldn't be surprised if Berkshire Hathaway announced a sizable stake in $BABA in the next few months.
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