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1. axiosg+h8[view] [source] 2022-05-21 21:40:42
>>mkeete+(OP)
This is huge news, isnt it? A YC startup going bankrupt because of the Terra collapse?
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2. lupire+K8[view] [source] 2022-05-21 21:43:13
>>axiosg+h8
A fraudulent company going bankrupt because the fraud collapsed.
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3. xvecto+09[view] [source] 2022-05-21 21:45:40
>>lupire+K8
Source on the company being fraudulent?

Source on Terra being a fraud?

Please provide sources for your ad-hominems.

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4. Tao332+Ma[view] [source] 2022-05-21 21:55:31
>>xvecto+09
That's not an ad hominem.

The circular relationship between Terra and Luna is really fishy. It's probably not really a scam today, but similarly structured schemes should probably be classified as such and criminalized in the future.

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5. somewh+Oc[view] [source] 2022-05-21 22:09:20
>>Tao332+Ma
The best explaination Ive seen (from HN I think) was that the Terra/Luna thing was an attempt to tranche the 'asset'. So Luna (junior tranche) has the risk and potential returns, whereas Terra is supposed to be less risky, less returns (Senior tranche). See MBS, CDO, CDO^2, etc.
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