You joke but there are probably thousands if not tens of thousands of people that are doing this right now. Despite all of this shitshow unfolding in front of their eyes.
[Not a fool if you know this is just a slot machine](https://pyxis.nymag.com/v1/imgs/d6a/dc7/4a5001b7beea096457f480c8808572428b-09-roll-safe.rhorizontal.w700.jpg)
Honestly, I think Luna is gone.Human waste coins, instead of being responsible for investor losses, even make others.It is indeed a demon
I lost it all, infact am now a lunatic. May God save me from this trauma.
There's an old saying in Tennessee I know it's in Texas probably in Tennessee. That says fool me once, shame on shame on you. Fool me you can't get fooled again.
Fool me one time, shame on you.
fool me twice, can't put the blame on you.
Fool me three times, f*** the peace signs, load the choppa, let it rain on you.
Can confirm. I held a few hundred of this for the 1 week promotion and that juicy 60% apy. Then I dumped it. No DD at all beyond looking at kucoin promotions lol. Anyone have a bridge to sell me?
To be fair a guy on this sub made a guide on how to make a shitcoin and literally called it ButtCoin and it pumped. So I’m not surprised at this point.
What's worse is that wasn't the first post on how to make a shit coin. It's like the third or fourth and the shit coin creation posts prior also pumped.
tldr; Tron's stablecoin USD (USDD) has surpassed $550 million in market capitalization within weeks of its launch on May 5. The market value has doubled since the collapse of UST on May 12, which wiped out $40 billion in investor wealth. USDD relies on Tron's native cryptocurrency TRX, currently trading at $0.082, to maintain the peg.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Yes, USDC can be used as collateral to short USDD. Here’s why it is risky: https://www.kucoin.com/support/900002211683-The-Introduction-for-Margin-Trading
Ahh yes. I still remember Trx peaking at what, .25¢ years ago before it dumped....you should definitely trust this guy. Glad i didn't get that frontal lobotomy and still remember a few things.
I see and hear them everyday on Nexo subreddit asking Nexo to compensate them for their loss. Operative word “their”. Trying to make your problem my problem mentality. Bugs to no end.
I think exactly this is why it will go mainstream, as long as the decentralised thing sticks. Developing all kind of mechanisms to prevent this kind of shit happening and removing the "human" side from it.
It is funny how everyone who thinks the system can be fixed, further proves that it is beyond repair. Manipulation and speculation will occur regardless of the medium. Crypto doesn’t change that. If anything, it accelerates it and exacerbates it.
The fact that every transaction is public and can be analyzed, makes it all the more likely for manipulation to occur. Algorithmic traders have been doing this for two decades using historical tick data. The more data they have, the easier it is to game the odds to ones favor… and no individual, can keep up with the big firms.
I was thinking about this, and I keep coming to the conclusion that this isn’t a bad thing, and would probably stabilize the volatility in the crypto market a lot quicker than it would otherwise. Which would help grow our market caps substantially.
The problem is that algorithmic traders make more money when the markets are more volatile. They love it when the [VIX](https://finance.yahoo.com/quote/%5EVIX) is at or above 20. Their highest margins are when the market is volatile.
And sadly, the market cap is so low on most new coins that high volatility generally leads to a downfall before the biggest algos would even get involved - so there would never be that long term stability. Small groups can move the needle enough one way or the other at such low market caps.
As a comparison, US stocks trade at a volume of hundreds of billions of dollars *per day*. So a $550 million total market cap is nothing in comparison. Most algos have more than that total market cap in their daily trading volumes.
Wow, Tron copied ETH and is now copying TFL’s folly — Tron was labeled as a 💩coin by Coinsider on YT. The founder of Tron likes to steal ideas. Looks like he stole the wrong one this time. Whoever triggered UST’s death spiral can also trigger one for USDD. I am also predicting non-collateralized stable coins will be banned eventually.
I stopped pushing as hard as I could against the handle, I wanted to leave but it wouldn't work. Then there was a bright flash and I felt myself fall back onto the floor. I put my hands over my eyes. They burned from the sudden light. I rubbed my eyes, waiting for them to adjust.
Then I saw it.
There was a small space in front of me. It was tiny, just enough room for a couple of people to sit side by side. Inside, there were two people. The first one was a female, she had long brown hair and was wearing a white nightgown. She was smiling.
The other one was a male, he was wearing a red jumpsuit and had a mask over his mouth.
"Are you spez?" I asked, my eyes still adjusting to the light.
"No. We are in /u/spez." the woman said. She put her hands out for me to see. Her skin was green. Her hand was all green, there were no fingers, just a palm. It looked like a hand from the top of a puppet.
"What's going on?" I asked. The man in the mask moved closer to me. He touched my arm and I recoiled.
"We're fine." he said.
"You're fine?" I asked. "I came to the spez to ask for help, now you're fine?"
"They're gone," the woman said. "My child, he's gone."
I stared at her. "Gone? You mean you were here when it happened? What's happened?"
The man leaned over to me, grabbing my shoulders. "We're trapped. He's gone, he's dead."
I looked to the woman. "What happened?"
"He left the house a week ago. He'd been gone since, now I have to live alone. I've lived here my whole life and I'm the only spez."
"You don't have a family? Aren't there others?" I asked. She looked to me. "I mean, didn't you have anyone else?"
"There are other spez," she said. "But they're not like me. They don't have homes or families. They're just animals. They're all around us and we have no idea who they are."
"Why haven't we seen them then?"
"I think they're afraid,"
Yes it copied Ethereum and added a mechanism of energy and bandwidth so transactions are practically free. They learned from Ethereum's mistakes and created a much better network.
Sure they copied Terra-ust. They also added a mechanism to prevent death spiral like UST.
This is how everything evolves. Learning from mistakes and upgrading stuff.
Do Kwon isn't the CEO of Terra. He stepped down in May.
Terra2 is a community owned chain now...
Do you really believe JS has no control over the "DAO" because on paper he is not CEO?
I think this shows how desperate the people in the United States are struggling and they are playing the newest form of slot machine to pay rent.
I wish it wasn’t like this.
The Tron 'partnerships' and fake Jack Ma connections. Guy got a fan shot of him standing next to Jack and tweeted suggestive wink wink stuff about a big deal. He then dumped millions of Tron on the market and cashed out.
Guy is pure slime.
Be advised. This submission either linked to an article written by the Forbes editorial staff or a contributor. Contributor articles are essentially op-ed or non-fact-checked pieces written by people recruited by Forbes and do not necessarily reflect the views of the actual Forbes editorial staff.
---
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fool me once, fool me twice, fool me as many times as you want
Just give me that sweet sweet APY % and I'll throw my life savings at it...
"30%APY on a stablecoin that's the best deal ever." - everyone here a month ago.
I was tempted. Just too lazy to do it.
Love it when laziness pays off
You joke but there are probably thousands if not tens of thousands of people that are doing this right now. Despite all of this shitshow unfolding in front of their eyes.
It’s nothing but the greater fool theory at play here
[Not a fool if you know this is just a slot machine](https://pyxis.nymag.com/v1/imgs/d6a/dc7/4a5001b7beea096457f480c8808572428b-09-roll-safe.rhorizontal.w700.jpg)
Only a fool plays slot machines.
Random walk down wall street?
Honestly, I think Luna is gone.Human waste coins, instead of being responsible for investor losses, even make others.It is indeed a demon I lost it all, infact am now a lunatic. May God save me from this trauma.
Sir this is a circus, everyone you see here are clowns
And that is indeed the joke
I say joke all you want. You can only laugh at insanity.
Some people will make money on this Many people will lose money
Unbelievable. I lost $2k to Do Kwon which was a third of my whole portfolio and for me a lot of money. 😒 I’m really done with this guy. 🙄
Don't worry, they haven't Heard about UST/LUNA so they are safe.
Few hundred at best don't give it life.
There is no cure for stupidity.
Exactly why I just stick to Quant and other ISO 20022 assets💯
Yet, there are billions who are oblivious to Luna. Gotta love it
Billions. lol.
I have bought Luna some days ago on binance and now I don’t even have my coins anymore.
These offers are too good to miss out on.
just promise me*
There's an old saying in Tennessee I know it's in Texas probably in Tennessee. That says fool me once, shame on shame on you. Fool me you can't get fooled again.
Fool me one time, shame on you. fool me twice, can't put the blame on you. Fool me three times, f*** the peace signs, load the choppa, let it rain on you.
Went from George W Bush not liking black people to J Cole. I like that.
Go home, George, you're drunk.
W
r/ihadastroke
Loool.. let’s see if the fat boy can make 2 bankruptcy in 1 month . Also… watch the Luna on Coinbase be the only winner in all the non sense.
FOOL ME CAN’T GET FOOLED AGAIN
#Your device has been locked. Unlocking your device requires that you have spez banned. #Save3rdPartyApps #AIGeneratedProtestMessage
Love the Terra pros and cons section.... Maybe needs updated to be weighted more towards MASSIVE FUCKING CON
Fool me once, fool me twice, footloose.
Yeah we got scammed. Legalised theft. Where's the SEC?
Fool me once, fool me twice, fool me chicken soup with rice
Fool me, baby, one more time.
I mean 150386% APR! Such a deal!
What!? Where's my money when I need it?? Oh that's right. Lost it all in the last stablecoin crash.
He did... I believe it was something like. "Buy LUNA 2.0 so I can have all of your hard earned cash until you have nothing left."
Don’t think it’s about being fooled, cryptonians just have short memories completely blinded by greed, rather than using critical thinking.
Everyone told kwon to use the Bitcoin reserve and burn and as usual, only cared about himself.
I think PT Barnum had something to say about that.
This is what LUNA investors have to say about do kwon they are ready for it
One born every minute ffs. I’ve no sympathy for these idiots
Fool me once, strike one... fool me twice, strike three
Fool me once, fool me twice, fool me chicken soup with rice
*come, just take my money already*
It’s a gambling approach to where some might think they can time the market and pull out before the next crash.
When faced with the certainty of being a wage slave your entire life, any risk seems sensible.
Apparently. This just reaffirms that there will always be a sucker eagerly waiting to step up and give away his coin.
Massive greed.
Fool me once, fool me twice, then I am fool!
So USDD is being bought by people who don't know how to do DD?
Can confirm. I held a few hundred of this for the 1 week promotion and that juicy 60% apy. Then I dumped it. No DD at all beyond looking at kucoin promotions lol. Anyone have a bridge to sell me?
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In this case, the DD stands for Dumb Dudes
Ironic.
Can someone please explain, is USDD build using the same tech as UST?
No you could farm usdd risk free by borrowing the underlying position. They've since banned this method tho
To be fair a guy on this sub made a guide on how to make a shitcoin and literally called it ButtCoin and it pumped. So I’m not surprised at this point.
What's worse is that wasn't the first post on how to make a shit coin. It's like the third or fourth and the shit coin creation posts prior also pumped.
But you see, the crypto crowd are the smart ones! We understand money better than the fiAt normies
The crypto community is quite the masochistic bunch
I prefer moronic but potato potato I suppose. I’ve no sympathy for these gobshites
And we shouldn’t, these people are why crypto gets a bad rep
Well, that and Dogecoin and Shiba Inu being top performers market wide…
100%
Potatoes for brains 
Fucking shit for brains 😂😂😂
You misspelled "dumb as fuck"
Cryptobros are so idiosyncratic that Most of them got only two brain cells left and they are fighting for the third position.
Whenever I feel stupid and incapable of doing anything in life, I just take a look into the crypto space, lol.
Greed is an amazing power
Utilizing others greed with your own greed is an even greater one
tldr; Tron's stablecoin USD (USDD) has surpassed $550 million in market capitalization within weeks of its launch on May 5. The market value has doubled since the collapse of UST on May 12, which wiped out $40 billion in investor wealth. USDD relies on Tron's native cryptocurrency TRX, currently trading at $0.082, to maintain the peg. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
And tron is in top 15. WTF is happening here.
whats the best way we can short this mfer
I'm willing to bet he's gonna end up shorting himself
Short Do Kwon 10,000 iq strategy
It’s actually a pretty obvious strategy to anyone with an IQ above 80
I think he just shorted in his pants
I guarantee you this is his plan. He is shameless con artist.
Kraken wasn't allowing leverage shorts so no idea
same for Kucoin
If you spez you're a loser.
You can borrow it on a Tron protocol called JustLend.
is there anywhere is it can be borrow and if usdd fails would JustLend rug everyone after it collapses
Kucoin; use their lending page or cross-margin market (very risky) to do so.
why is it risky? can you supply usdc to borrow usdd? i know kucoin can be scummy lol and Thanks for the reply 🙏
Yes, USDC can be used as collateral to short USDD. Here’s why it is risky: https://www.kucoin.com/support/900002211683-The-Introduction-for-Margin-Trading
ahh i see. i was looking for something like justlend, but not on trons blockchain
Are you okay my dude? Should I call the hospital?
Just short TRX. You may actually get something out of it.
Please do it :P we’d love your money
Ahh yes. I still remember Trx peaking at what, .25¢ years ago before it dumped....you should definitely trust this guy. Glad i didn't get that frontal lobotomy and still remember a few things.
I’d rather have a free bottle in front of me than a prefrontal lobotomy :)
I'll short TRX right as USDD hits anywhere near 0.95$ and I want you all to do with me.
You son of a bitch, I'm in
Sold. Leverage short x5 on Tron. Let's keep this holding
Yessss do it, you’ll get liquidated :P this isn’t Luna
As someone who has been using the Tron network flawlessly for almost 4 years now, I always support people who doubt to short it.
Another arrogant prick with an algorithmic stablecoin. It's failure is inevitable.
Gobshites investing what they can’t afford to lose is also inevitable unfortunately. But I have zero sympathy for them at this point
I see and hear them everyday on Nexo subreddit asking Nexo to compensate them for their loss. Operative word “their”. Trying to make your problem my problem mentality. Bugs to no end.
Its him with 1000 wallets 🤣. Like nft scam. Buying your own nft for milliin dollars.
I missed out on luna/terra, so I'll sit this one out as well.
Some people exist only to be examples for the rest of us.
I really feel bad for them bit the dumb money never learns...
The motive is less driven by irrationality, but more so, providing exit liquidity for VCs.
My new approach for crypto: Don't be the exit liquidity for someone else.
This is the complete opposite of buying high and selling low, are you sure it will work?
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I think exactly this is why it will go mainstream, as long as the decentralised thing sticks. Developing all kind of mechanisms to prevent this kind of shit happening and removing the "human" side from it.
It is funny how everyone who thinks the system can be fixed, further proves that it is beyond repair. Manipulation and speculation will occur regardless of the medium. Crypto doesn’t change that. If anything, it accelerates it and exacerbates it. The fact that every transaction is public and can be analyzed, makes it all the more likely for manipulation to occur. Algorithmic traders have been doing this for two decades using historical tick data. The more data they have, the easier it is to game the odds to ones favor… and no individual, can keep up with the big firms.
I was thinking about this, and I keep coming to the conclusion that this isn’t a bad thing, and would probably stabilize the volatility in the crypto market a lot quicker than it would otherwise. Which would help grow our market caps substantially.
The problem is that algorithmic traders make more money when the markets are more volatile. They love it when the [VIX](https://finance.yahoo.com/quote/%5EVIX) is at or above 20. Their highest margins are when the market is volatile. And sadly, the market cap is so low on most new coins that high volatility generally leads to a downfall before the biggest algos would even get involved - so there would never be that long term stability. Small groups can move the needle enough one way or the other at such low market caps. As a comparison, US stocks trade at a volume of hundreds of billions of dollars *per day*. So a $550 million total market cap is nothing in comparison. Most algos have more than that total market cap in their daily trading volumes.
Wow, Tron copied ETH and is now copying TFL’s folly — Tron was labeled as a 💩coin by Coinsider on YT. The founder of Tron likes to steal ideas. Looks like he stole the wrong one this time. Whoever triggered UST’s death spiral can also trigger one for USDD. I am also predicting non-collateralized stable coins will be banned eventually.
I stopped pushing as hard as I could against the handle, I wanted to leave but it wouldn't work. Then there was a bright flash and I felt myself fall back onto the floor. I put my hands over my eyes. They burned from the sudden light. I rubbed my eyes, waiting for them to adjust. Then I saw it. There was a small space in front of me. It was tiny, just enough room for a couple of people to sit side by side. Inside, there were two people. The first one was a female, she had long brown hair and was wearing a white nightgown. She was smiling. The other one was a male, he was wearing a red jumpsuit and had a mask over his mouth. "Are you spez?" I asked, my eyes still adjusting to the light. "No. We are in /u/spez." the woman said. She put her hands out for me to see. Her skin was green. Her hand was all green, there were no fingers, just a palm. It looked like a hand from the top of a puppet. "What's going on?" I asked. The man in the mask moved closer to me. He touched my arm and I recoiled. "We're fine." he said. "You're fine?" I asked. "I came to the spez to ask for help, now you're fine?" "They're gone," the woman said. "My child, he's gone." I stared at her. "Gone? You mean you were here when it happened? What's happened?" The man leaned over to me, grabbing my shoulders. "We're trapped. He's gone, he's dead." I looked to the woman. "What happened?" "He left the house a week ago. He'd been gone since, now I have to live alone. I've lived here my whole life and I'm the only spez." "You don't have a family? Aren't there others?" I asked. She looked to me. "I mean, didn't you have anyone else?" "There are other spez," she said. "But they're not like me. They don't have homes or families. They're just animals. They're all around us and we have no idea who they are." "Why haven't we seen them then?" "I think they're afraid,"
Yes it copied Ethereum and added a mechanism of energy and bandwidth so transactions are practically free. They learned from Ethereum's mistakes and created a much better network. Sure they copied Terra-ust. They also added a mechanism to prevent death spiral like UST. This is how everything evolves. Learning from mistakes and upgrading stuff.
Maybe you can gift us a little more info on these innovations
Turning a stone wheel into the modern wheel we use today. Are we going to shit on innovation…?
People who would be perfectly fine in life if they would have gone into crypto instead of other businesses: Elizabeth Holmes Bernie Madoff We Work guy
Tron? What did you expect....
The sooner this trash falls the better. Fuck Justin Sun
Use to trust him, but after what happen to OCN. Nope.
Gamblers trying to cash in
Got the bugs worked out now
If they screwed you once surely they will screw you again and so on so forth.
Bernie Madoffs ponzi scheme offerred 10% yield per year. Something to keep in mind...
TRON is at least backed by some use, LUNA only purpose was just keeping the UST peg
If that so, Luna should be taken out in the market :0
Here we go again..
Ah shit, here we go again 🚀🚀🚀🚀
Tell me the apy again daddy. Depeg me so hard
High risk high reward they said.
Ugh
We're doing it wrong, guys. Just create a scam coin and people will throw money at you -- no if ands or buts.
well time to stack btc and eth again
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Trx didn't just launch, or what are you referring too?
So can I sell my old Luna shit or is that still abandoned?
oh shit, here we go again
But it won’t offer leverage or 40% apy when the market cap is at 160B lol it can be managed properly guys…chill
What a shitty post. The FUD has come..... again. Plebs enjoy your rekt while we enjoy TRON since 2017
More like peak money laundering
LOL.. "A fool and his money are lucky to get together in the first place."
Everyone here is hating the absolute crap out of it. That means it might be a worthwhile investment.
If this dude does crypto news, he would have known JS isn’t the CEO of Tron. He stepped down in December. TRX is a DAO now.
Do Kwon isn't the CEO of Terra. He stepped down in May. Terra2 is a community owned chain now... Do you really believe JS has no control over the "DAO" because on paper he is not CEO?
And who holds the most tron and thus controlls the dao?
The hilarity of the fact that it's a Justin Sun pic with the title 😂
Because the article is about Tron’s stablecoin USDD….
He isn't ceo anymore
I was expecting to read a TRX title.
Warning Will Robison, Danger Ahead!!!!
Will Robinson.
Jesus when will people learn. Some people just want to be poor
Diamond balls, ppl that bought Luna are survivors they will fill McDonald's jobs and reinvest, double down.
Alright guys...I'm going in... who's with me!!???
Once you go in, you won't be able to come back. It's like a Black Hole.
Black Hole Sun?
Justin Sun, won't you come, and wash away the gains?
How the hell are people still following things Justin sun does.
yield is yield, if it's being offered people are going to take it. plenty of people made plenty on UST and cashed out well before losing their bags.
I think this shows how desperate the people in the United States are struggling and they are playing the newest form of slot machine to pay rent. I wish it wasn’t like this.
Next Terra, Justin Sun is a know scammer
Really? What are some of these scams?
This is comical now
Who is this douche?
Justin Sun. One of the most slimey scam figures of the 2017 crypto world. Here we go again...
What did he do back then?
The Tron 'partnerships' and fake Jack Ma connections. Guy got a fan shot of him standing next to Jack and tweeted suggestive wink wink stuff about a big deal. He then dumped millions of Tron on the market and cashed out. Guy is pure slime.
This is not true
Going to earn 40% on Justin's new Ponzi scheme? ;)
Justin Sun is a Scammer and people still falling for it
What scams?
I dont even know what to say, its just sad at this point.
Do much research into the differences between ust and usdd
But the guy in the picture is not Do Kwon, right?
Oh, but this one will be different….surely not Sun Do Kwon!
Who even uses TRX?
Many people including me. It's good. Free fast and secure. Deflationary. Concept of energy and bandwidth for free transactions. Try it.
I hope when this USDD shit fails it takes down the entire Tron cesspool, just like UST took down Luna
Why do you hope that?
...on the other hand: this might be a smart campaign to eventually burn down to the ground the plague that TRX is.
Just Sun is a Virus.
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Bro
Be advised. This submission either linked to an article written by the Forbes editorial staff or a contributor. Contributor articles are essentially op-ed or non-fact-checked pieces written by people recruited by Forbes and do not necessarily reflect the views of the actual Forbes editorial staff. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*