Now would be a good time for @saylor to go 2x on his Bitcoin bag. ๐
Been in crypto since 2017. I consider myself part of the โsilent majorityโ and with all the BIP-110 drama, I ordered a @umbrel Pro and started syncing a @bitcoincoreorg node today.
Big changes to @Bitcoin should be easy to explain to plebs and have clear consensus.
That's a real shame that @fleece_cannon and TFL are shutting down all @terra_money infra without thinking about the community still holding their bags. You could at least have the decency to transfer the website, X account, etc. to the @phoenix_dir.
I came to crypto because of ETH and @VitalikButerin. I prefer when numbers go up, but will keep my ETH bag no matter what. Anyone can promote ETH the way they want, same for BTC and any other useful asset. Do it your way if you're not happy with current narrative or decisions.
I was wayyyy behind on my crypto bookkeeping. Been at it pretty much full time for the last 3.5 months.
Will make a post about it when Iโm done, but I already want to say thank you to @staketax for saving my ass with regards to Cosmos chains. You da real MVP.
With $USTC and $LUNC pumping, it is the perfect opportunity for those communities to #SwapToLuna and get their hands on those cheap $LUNA.
No one serious and well funded is building on $LUNC. TFL is building @terra_money with an A-Team and 130 millions $ in treasury. Easy call.
The @terra_money redemption arc is in progress.
$UST was a failed DeFi experiment. Not a straight out fraud like FTX was. Best thing to do now: not give up and continue to innovate. Innovation comes with risk and uncertainty. But that's the way to go.
$LUNA @fleece_cannon
Anyone knows of any CEX accepting @noble_xyz USDC for deposits and withdrawals?
Tired of getting rekt by bridge fees for using USDC in the @cosmos. ๐
3/3 Best thing to do in my opinion for any @terrac_money holders wishing some financial exposure to the Terra ecosystem is to #SwaptoLUNA and be invested in the real chain, i.e. @terra_money. #LUNA #LUNC #Terra #USTC $USTC
The silence of TFL about Shuttle's insolvency is concerning.
The silence about what will happen to the native assets after January 31 is concerning.
8/10
The lack of confirmation that no assets will be misappropriated by TFL is concerning.
The lack of will to put a plan in motion so that no one loses money once Shuttle is terminated is concerning.
You get the general idea?
9/10
This money belongs to 78,000+ users. US$ 80 million is a big amount. Launching and running a centralized bridge is a big responsability. Closing it is no different.
Please follow, share and retweet to help raise awareness about the #ShuttleGate.
10/10
Those assets are ultimately owned by thousands of retail investors with many of them being already hurt by the collapse of $LUNA. It is unacceptable to me that TFL has not yet clearly stated that they will not steal those funds after Shuttle is terminated.
6/10
There is a simple way for TFL to allow everyone to convert their wrapped assets back to $LUNC native assets after Shuttle is terminated. Without deadline. And using already existing DeFi tools. I discuss how to do so in my report.
7/10
More than 78,000 wallets still hold assets wrapped through Shuttle on ETH, BSC or ONE. Major CEXs are still relying on Shuttle, including Binance. TFL cannot confirm what will happen to the US$ 80M after January 31, 2023.
5/10
Terraform Labs will terminate the Terra Shuttle Bridge on Jan. 31.
It is all good except that... Shuttle is ๐ถ๐ป๐๐ผ๐น๐๐ฒ๐ป๐, 120 million $USTC ๐ฎ๐ฟ๐ฒ ๐บ๐ถ๐๐๐ถ๐ป๐ด, and TFL might ๐บ๐ถ๐๐ฎ๐ฝ๐ฝ๐ฟ๐ผ๐ฝ๐ฟ๐ถ๐ฎ๐๐ฒ the US$ 80M still held in the bridge.
A ๐งต
1/10
$LUNA $LUNC $MIR



