It’s hard not to poke fun at a decentralised, trustless, permissionless, hard-money utopian future of finance unsuccessfully turning to quantitative easing (read: Kwontitative easing) for survival. But as is becoming distressingly clear, some investors have lost most of their life savings from the collapse of terra and its twin coin luna.
This begs the question: who has been encouraging ordinary investors to jump on the latest bandwagon flashing a ticket to the moon? Whose credibility lent lustre to a doomed project? Here is FT Alphaville’s terra/luna hall of shame.
‘Enforcement 40’ for 2020
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