Anononymous pledge to target Do Know for the Terra Luna crash and it gives me the fcuking chills

First of all, it’s kind of ironic that Anonymous’ YouTube channel is blue tick verified.


Having said that, I thought I’d talk about the video I’ve just watched because quite frankly it gives me the fcuking chills. If I were Do Kwon, I’d be fcuking scared.


In short, Anonymous shared a video on their YouTube and said that the authorities are investigating but “so are we”.


The video is the stuff of Hollywood, it kinda looks like the premise to a thriller coming soon to theaters near you.


Have a watch.



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I received the LUNA 2.0 airdrop, now what?

Like most people here (power of deduction) I was hurt by the Terra LUNA disaster and lost some cash. I didn’t hold any LUNA at the time of the crash but I did have some UST, which is now worth around two beers.


A few days ago, most major crypto exchanges announced they would support the LUNA 2.0 airdrop, including Binance, which is where my UST was being staked.


Binance temporarily suspended all operations regarding LUNA and UST and a few days later (yesterday), I received around half a LUNA (not sure why) and the equivalent of what I had in UST in UST Classic, which is now worth one beer.


So the question is: what now?


No one knows for sure what’s gonna happen with LUNA but I agree with all those who predict that investors will simply try and get rid of their LUNA and UST, trying to recoup part of their investment, which will inevitably drive the price down and keep it there for a while. And I agree that faith in the project might be lost forever.


Fortunately, I didn’t invest life-changing money in UST, so whether I get my full investment back or not will change my day but not my life.


A few days ago, I argued that Do Kwon will eventually have to do more or less exactly what investors want him to do. Pressure will increase and as investors lose patience, it is going to be increasingly difficult for him to bull*hit his way out of this situation.


The problem is we’re now looking at a -45 billion dollars on our collective balance sheet and even if we managed to get some of our money back, which in my opinion we eventually will, it is highly unlikely that we’ll ever witness a resurrection of LUNA.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

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Leaders follow the people, one way or another, even when it looks like they don’t – and it’s never the other way around

I know it sounds counter-intuitive and I know we’re taught that the opposite is true but the truth is leaders are always a by-product of their environment.


They emerge from the crowd because they’re clever and charismatic and, in some cases, fanatic enough to personify the needs of the masses they represent.


I was born and raised in a country where one prominent political leader made headlines for nearly 30 years, nearly every day. Fifty percent of the country loved to hate him and the other half hated to love him. But he was actually the perfect embodiment of the average citizen of the country in question. Even though no one wanted to admit that.


He was a rascal. Mischievous and decadent, with a badly concealed disdain for rules and an almost unnatural tendency to try and f**k anything that moves.


For a very long time, the average citizen of the country he was in charge of was exactly like that… until they no longer were. Which is one of the reasons why today he’s been replaced by drastically different politicians. And the reason why the people who once voted for him, are now supporting politicians with vastly different ideas.


In a democracy, when leaders no longer represents the will of the people, they get voted out. In a dictatorship, they get killed. Literally, oftentimes.


Nicolae Ceausescu is a perfect example of this. He was a ruthless dictator and remained in power for a long time and yet, when the will of the Romanian people changed to the point where they could no longer tolerate him, they simply killed him. Literally. All the power in the world couldn’t save him.


I apologise for the slightly geopolitically-infused off-topic rant but I needed to talk about Terra Luna’s Do Kwon and Bitcoin’s Satoshi Nakamoto.


I obviously don’t know Do Kwon personally but it takes around 30 seconds going through his Twitter feed to see why people call him ‘controversial’, and now that my UST is worth about one tenth of what it’s supposed to be worth, I can candidly admit I wouldn’t have touched anything Terra-related with the other end of the stick, had I been paying more attention to the way Kwon interacts with the community.


My bad.


The two most influential people in crypto are (arguably) a scrawny Russian-Canadian kid and a faceless pseudonym with a Japanese name and we, crypto people, aren’t following them. They’re following us.


Satoshi Nakamoto has never touched any of his/her/their BTC because he/she/they know that’s what we expect. We believe in Bitcoin’s (nearly) perfect decentralisation.


As for Kwon, he’s been throwing his bombastic personality all over the place since the Terra disaster but at the end of the day, he had to do what the community wanted him to do. And things are only going to get more… complicated for him, because he can’t just say “I lead, you follow”.


Sooner or later, one way or the other, probably painfully for all parties involved, but eventually he’s going to do more or less exactly what the Terra community wants him to do.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

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What if Bitcoin actually benefitted from Terra’s disaster? (in the long run)

Terra’s crash has been dubbed “the Lehman Brothers of Crypto”, a fitting analogy considering that we’re talking about a project that went $45 billion from zero in a matter of hours.


Regulators, banks, governments and crypto-hating billionaires will love this. A lot of “I told you so” moments are coming.


On top of that, it is now going to be very hard for people to trust stablecoins again, especially ‘algorithmic’ ones. Which brings me on to the question in the headline, what if Bitcoin actually benefitted from this, in the long run?


Self-proclaimed Bitcoin maximalists have historically always shown little to no interest in other cryptos.


They, or perhaps I should ‘we’ firmly believe Bitcoin is King and Queen and always will be. And they’re used to flactuations and trouble. They’ve seen Bitcoin go to $20,000 before crashing to $3,000 and didn’t care. They’ve seen it go to nearly $70,000 before falling back to $27,000 and still didn’t get their knickers in a twist.


In the short term, this is a 360° catastrophe. There’s no doubt about that. Look around you and you’ll see nothing but ruins. But if you zoom out, Bitcoin is proving to me surprisingly predictable with its unpredictability. It always goes up, it always goes down.


And let’s not forget, Terra’s crash happened because it was a flawed project and a one-man-show. Bitcoin is not like that. The price goes up and down all the time for a million reasons but the network itself has never shown any significant weakness.


I still own around 105 UST, worth around $5 at the time of writing. It sucks, but I know a lot of people lost a lot of money so I’m not gonna complain.


I also know that around 93% of my portfolio is Bitcoin. And I’m beginning to think that it’d make even more sense if I ramped that up to 95% or 96%.



I’ve crossposted this article on readcash, LeoFinance and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free.

Bitcoinea is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, is highly appreciated (see address below) Thank you.

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF


Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

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