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/biz/ - Business & Finance

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50749975 No.50749975 [Reply] [Original]

...that if you keep buyjng UST, the algo will eventually balance things out. It's still running folks, don't forget that.

>> No.50750016

Why didn't the algorithm balance it out quickly after the crash? Not a very good algorithm.

>> No.50750028

>the ponzi will redeem itself just trust the code!!

>> No.50750139

>>50750016
Overwhelmed by the billions of UST thatbwere dumped when ANC protocol became unsustainable. The algo did its job, and burned UST into Luna. It's still doing its j8b, burning UST until the price reaches parity with the USD again. Obviously, if no one buys UST, eventually there will be 0.00000001 UST left, since the algo burned it all. Whether UST will then reach parity depends on the UST demand.

>> No.50750169

>>50750028
Hehe, yes!

I cannot speak for the value of LUNC, that will depend on demand from both speculators, investors, and smartchain contracts. But the value of UST will depend ONLY on the first 2.

In my 13 years in crypto,mI have seen many, mahy crazy things happen, so I'm betting my leftover change bowl into UST.

>> No.50750340

>>50750169
13 years in crypto and still not made it just means you're doing it wrong bro

>> No.50750580

>>50750340
I have made it, bro. The mind doesn't stop playing and inquiring, that's all. I keep playing the game and /biz/ is fun.

>> No.50750721

>>50750028
>this time it's different
kek

>> No.50750757

>>50750721
>this time MIGHT BE different
Fixed

>> No.50750781

>>50749975
>it just prints MORE money bro it’s in the dudecode

>> No.50750804
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50750804

>>50750781
Wrong, I said exactly the oposite. The algo is DESTROYING UST, not printing more.

>> No.50750814

>>50750804
dudealgo lmao

>> No.50750868

>>50750814
Duuuuude! Algo! XD

>> No.50751134

true. same play as with vai, but with a potential 50Kx instead of a 2x. low risk, but you need to have a long time horizon

>> No.50752692

true. i said the same about FEI but no one listened and it eventually repeed

>> No.50752721

You know UST tries to achieve peg by minting infinite Luna, right? And that the chain is ded?

>> No.50752737

>>50749975
well it's valid as long as there is enough LUNC liquidity to cover the UST mcap at 1$, you think that is the case?

I think that kind of liquidity will never return. Who the hell wants to buy Luna?