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Tuesday, May 24, 2022
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Crypto Shames and the risk of insiders, influencers and trojans | Reuben J. Lapetra’s opinion

He wrote the crime. The murder of Luna and Terra will forever leave its mark on the crypto market. Unlike the series of the eighties, which starred Angela Landsbury (Jessica Fletch), the perpetrators will not be prosecuted by the police or brought before any court, but do not rule out settling scores, for example, between criminal gangs. Suddenly, billions of dollars of capital disappeared, which at one time were dollars or euros, but which at one time made the leap into the crypto-metaverse. As you know, or should know, the new “El Dorado” of decentralized money has no laws or rules other than what is imposed by a “petty committee” of a group of private individuals who, paradoxically, centralize power but let the world believe that it is community that decides.

Blinded by greed and numerous sirens, many investors removed their blindfolds. The crypto-territory is full of criminals and rustlers, which was only warned about two weeks ago. Fabio Panettea, member of the executive committee of the European Central Bank (ECB), in a prophetic paper titled “A Few More Cryptocurrencies: The Wild West of Crypto Finance”. South Korean Do Kwon, one of the founders of the Terra-Luna ecosystem (no need to waste time explaining what they are and how they work), became the most wanted and threatened person on the planet to the point where he had to ask for police protection. . There are some little-known investors who want to execute him.

Like a nouveau riche billionaire rookie Kwon was one of the greatest “influencers” and “insiders” of the crypto community. who dedicated himself to evangelizing and ridiculing anyone who would doubt his invention until his barn collapsed. According to the first investigations, a couple of bitcoin transfers were enough to render harmless an invention that had a capitalization of $30,000,000,000 less than a month ago. The trace of the escape is lost in Twins D Binance, two benchmark crypto markets. The lesson will be painful and has given rise to a crisis of confidence in all the “quons” of the crypto-ecosystem. There are very powerful and influential people who concentrate unimaginable economic power in one person, comparable to the power of a central bank.

Vitalik Buterin (ether), Changpeng Zhao (Binance), twins Winklevoss (Gemini) and Brian Armstrong (Coinbase) is right now forming a kind of shadow board with the power to lower and suspend quotes, facilitate a bailout, or issue unlimited currency, as the famous Kwon did with the Luna token, to try to maintain the parity of the Terra stablecoin. Don’t try too hard to understand how it works because it didn’t really make sense to its ardent supporters and those who made their fortune. absolute dominance of the media in the dissemination of messages in social networks compared to traditional media normalized in the crypto world behavior that is a crime, and very serious, in organized markets such as the stock exchange. At the same time, the virus of gambling addiction has been sown among thousands of young people who are aware of the prices of unknown “tokens” 24 hours a day and invest as if they were gambling.

In recent years, the information noise in the markets has become deafening, and fewer and fewer investors want to learn about it by reading the print press, which is the only way to understand, gain knowledge and form a critical opinion. Someone who thinks he is well informed reads a message of several characters in Twittergreat video in tik tak or community in Discord this is very wrong. We live in a new era when society does not distinguish between lies and reality, between a judge and a prosecutor, between a swindler and a swindler… Propaganda is being accepted instead of journalism. And this in the investment world can make you lose your shirt. What Elon Musk, the world’s biggest fortune, by posting a tweet questioning the purchase of Twitter because it doesn’t trust its users’ data, resulted in the company being worth $4 billion less on the stock market on Friday, and Tesla almost $40 billion. more dollars. The truth, which has only been reported in the specialized print press, is that the collapse of the electric car maker in the stock market threatens the purchase of Twitter, because most of the funding is tied to the cost of Tesla … and Musk’s fortune. too . manipulation and impunity.



Source: www.lainformacion.com

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