Manoj Sugathan

Famous last words - “Funds are SAFU”

What is happening at OpenAi is a competition between Intelligence (natural and artificial) and emotions. Let us see who wins.

#coffeezilla describing #celciusnetwork story #Cryptocrash youtu.be/1nVG8PF4ECU

Terra/Luna, Three Arrows Capital, Celsius, Finblox. Have the dominos started falling? Who could be next in line? #Terra_Luna #3AC #celsius #finblox #Cryptocrash

Now I know what is Bitcoin Halving. Looks like it takes only 6 months for #Bitcoin to halve.

The way things are going, there is no more STRATEGY in MicroStrategy, and the company is going to become MICRO Cap. Could they recover? Or the upcoming margin calls will badly impact them?

The T&Cs we never read, but should have read. #Celsius #crypto #Cryptocrash

Regulation and centralization might be needed to save Cryptos - the exact two things Cryptos was supposed to eliminate. #irony #Cryptos #btc

Temporary blip or house of cards collapsing? The only consolation is that stock market looks equally bad! #BTC #Cryptocrash

On a lighter note… Remember Spiderman movies? After Price crash of Luna2.0,there could be Luna3.0 followed by ⁃The Amazing Luna ⁃The Amazing Luna 2 ⁃Luna: No way home ⁃Luna: Homecoming ⁃Luna: Into the Lunatic-verse ⁃Luna: Far from home ⁃Luna: No way home

Funny observation after $10+B Tether redemption “After Terra’s crash, investors are panicking and selling stable coins that is perceived to be less stable and riskier like Tether, and is moving to more safer and stabler stable coins like USDC” #terra #luna #tether #crypto

#Terra #Luna 2.0 is here. Would it be a case of “Fool me once, shame on you. Fool me twice, shame on me”? However, it looks like #Lunatics don’t care! They might buy, buy, buy!

Tether’s circulating supply has dropped from about $83B to $73B after Terra/Luna collapse. They had a cash reserve of $4.2B. Anyone has visibility what else they liquidated for the remaining $5.8 payout? Just trying to understand this complex puzzle. #Tether #crypto #USDT

10. I am not smart enough to understand these complex crypto solutions. Neither are many of the founders of these Crypto solutions #crypto #bitcoin #cryptocrash

8. I think there are lot more lessons to be learnt in the coming days and we all need to start thinking more logically than getting carried away with exotic ideas 9. Stable coins are not stable.

6. Though BTC may be logically sound, if the pillars that holds it up like UST and USDT gets impacted, BTC can go a long way down 7. The last 2 days have been a great learning experience – nothing like real world flashing reds on computer screens

5. After UST fiasco, regulators have no choice other than to come after other stable coins. USDT will be in the cross hairs next. And the outcome may not be pretty when the details of the commercial papers backing it comes out

4. Janet Yellen is more powerful than Do Kwon and SEC is more powerful than Terraform labs

2. You cannot create/mine/mint money out of thin air unless you are a government and has the military might to go along with it 3. On the way down, BTC and crypto’s looks like NASDAQ on steroids

10 things I learnt from the ongoing Crypto Crash: 1. I am not smart enough to understand these complex crypto solutions. Neither are many of the founders of these Crypto solutions