In my opinion, the Terra Team is to blame for the entire bloodbath. They should have taken a more pragmatic and responsible approach. Things have only gotten worse for the holders.
terra team are swindlers who pretend like they are victims, there are a lot of people who lose big for the drama they make, since being one of the losers on terra tokens, i have decided to never again invest in terra tokens or any associated with them. 
Topic: What do you thing about Terra team? - page 4. (Read 913 times)
The terra luna CEO, Do Kwon created a big time panic with his ponzi which many fell for and lost hugely to. A newbie like me even believes that the terra luna crash also contributed to the acceleration of the ongoing bear market.
Even if I think you are right and the collapse of Luna aggravated and accelerated the crash we are going through, we also need to recognize that if it was not Terra Luna then it would have been another coin or another event which brought the market down even further, the negative trend cannot be changed overnight and people were ready to panic anyway, however with that being said I really hope the developers of Luna end up in jail for a very long time for what they did to the investors which trusted in them.
whoever is on the Terra team, I really don't believe it anymore,
even if they relaunch their project of course I still don't believe in Terra,
this is a trash project and shouldn't be listed on all exchanges, I'm sure everyone will support it
even if they relaunch their project of course I still don't believe in Terra,
this is a trash project and shouldn't be listed on all exchanges, I'm sure everyone will support it
He was the one who caused the most pain to many investors and now he is still hanging around out there. I hope he will soon have to go to court and pay the price for what he did to the market for investors.
People believe in him and value his project but he stole everything leaving thousands of damage affecting hundreds of thousands of people's lives.
As far as I know there were already people that knew the stable coin UST would be prone to attacks and will someday fail. As far as I know there were even similar predictions that showed how Terra luna and UST would crash and wipeout the whole ecosystem. But the founder was very arrogant and used to make fun of others who speak against Terra. He even said something like he enjoys watching others fail. He was even titled as "trash talking crypto founder" in NY times lol. Google it and his face will pop up. People believe in him and value his project but he stole everything leaving thousands of damage affecting hundreds of thousands of people's lives.
In my opinion, the Terra Team is to blame for the entire bloodbath. They should have taken a more pragmatic and responsible approach. Things have only gotten worse for the holders.
Do Kwon's attitude is the one to blame here.His arrogance is the reason why the hackers targeted him and exploited the whole project.
Do you think that they will target him and the project if he isn't arrogant online? This is my opinion only but his arrogance lead him to failures like what they are experiencing right now. Well, the problem is they aren't taking the full responsibility and instead, they created another token and just let the old project die or they might abandon it in the future. What do I think with the Terra team? They are scammers, Kwon is an arrogant sh*t, I will not invest into any of the project that the Terra team is related on.
Just ignore the project if you want to invest your money and find another and better project.
All the blame should not be given to them. However, they are the lowest in the market. Because of this, many people have lost many things including their houses and cars. If they had paid attention to the market, they would have sold for such a large sum.
So many people lose their life savings and you said they must not be blamed? what a joke man. Those criminals must not only be blamed but must be jailed as well for another hundreds years. They were doing shady things. I hope do kwon wil be jailed as soon as possible. Do kwon has been doing the biggest criminal in history of crypto. billions got wiped in a night.
He was the one who caused the most pain to many investors and now he is still hanging around out there. I hope he will soon have to go to court and pay the price for what he did to the market for investors.
People believe in him and value his project but he stole everything leaving thousands of damage affecting hundreds of thousands of people's lives.
I don't know if the terra team is entitled to take full responsibility or not. if this failure is due to an element of intentionality then it needs to be accounted for. but I think this could be purely an accident or a team negligence. so everyone is in control and the risks are each, both investors and owners. because high risk is common in crypto. and everyone knows that before getting into a project. However, I still feel there is something odd about the disaster that befell Terra. so I hope people should be more vigilant. and I will not dare to go back into the new terra. except for spot trading which is fast.
failure in a project is a common thing and i'm not surprised if it happens, but for Terra, there is indeed a discussion out there who is responsible for all these accidents. whoever it is is at fault, but for me the owner of Terra should keep the coin in order to maintain its utility and not disappoint investors and the large community who have joined the Terra project.i'm very disappointed, even though i don't hold Terra coins but it seems like there is no responsibility from the project owner instead wanting to print new coins. It's very disappointing when a big project like Terra already has a big community but they lose the trust of their investors.
but from this incident, it can make us more careful if we want to hold coins for the long term.
All the blame should not be given to them. However, they are the lowest in the market. Because of this, many people have lost many things including their houses and cars. If they had paid attention to the market, they would have sold for such a large sum.
So many people lose their life savings and you said they must not be blamed? what a joke man. Those criminals must not only be blamed but must be jailed as well for another hundreds years. They were doing shady things. I hope do kwon wil be jailed as soon as possible. Do kwon has been doing the biggest criminal in history of crypto. billions got wiped in a night.
The fact that they disappointed their investors is a big impact of course, so that they can no longer be trusted. And I'm already one of them, although it's not big, I saw that most of the people who invested in this token invested millions of dollars and in an instant, it was dissolved and disappeared suddenly and it was difficult to get it back and the others never got back at all. It is always difficult to regain the trust of the community investors that they established when it was just starting.
So even if they create a new utility token, it's not that easy for them to get the big investors who once trusted them to invest again. So don't expect the terra team to recover. I wonder if this token is just waiting to cheat again and suddenly they will sell a large number of tokens again at the same time and run again in the end.
So even if they create a new utility token, it's not that easy for them to get the big investors who once trusted them to invest again. So don't expect the terra team to recover. I wonder if this token is just waiting to cheat again and suddenly they will sell a large number of tokens again at the same time and run again in the end.
I don't know if the terra team is entitled to take full responsibility or not. if this failure is due to an element of intentionality then it needs to be accounted for. but I think this could be purely an accident or a team negligence. so everyone is in control and the risks are each, both investors and owners. because high risk is common in crypto. and everyone knows that before getting into a project. However, I still feel there is something odd about the disaster that befell Terra. so I hope people should be more vigilant. and I will not dare to go back into the new terra. except for spot trading which is fast.
Whatever happens on the market, it's all because of the Terra team. And that's not only my belief that is true. And whatever they say, I don't believe their opinion. And now they've launched their new coin, Terra Coin, and they're hoping we'll forget what they've done to us. I promised myself that I would not invest in Terra Coin or any other ecosystem coin. and I also believed that this was the end of Terra. And they are not going to be a project like Old Terra. because they lost their trust. That's my opinion. Thank you.
That's true. They have failed the investors once, and they could do that again and we shouldn't be trusting them with our money at all. There isn't really a system where they could make sure that his never happens again, it could happen again and they would not be able to stop it another time.You may think maybe it won't, and they will try their best, but ask yourself this; do you really think that they wanted this to happen first time? Of course not, we all know they didn't and yet it happened which means that they could try their best again and fail which would not be impossible. Hence, whatever else they do, they will always be a failure in my mind that I would never invest into.
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Whatever happens on the market, it's all because of the Terra team. And that's not only my belief that is true. And whatever they say, I don't believe their opinion. And now they've launched their new coin, Terra Coin, and they're hoping we'll forget what they've done to us. I promised myself that I would not invest in Terra Coin or any other ecosystem coin. and I also believed that this was the end of Terra. And they are not going to be a project like Old Terra. because they lost their trust. That's my opinion. Thank you.
I agree, there are traces of evidence that one of their wallets is involved in crashing the UST market. Aside from that Do Kwon idea of increasing the creation of Terra Luna, it was exploited by "hackers" and further crashed the market of LUNC. Then shifting to a new chain by forking LUNC, the team completely abandon people who hold and spend a lot of money to support the LUNC market. For sure he needs to be responsible to his decision that makes lots of people to lose their money.
https://blockworks.co/do-kwon-breaks-silence-terra-luna-was-essentially-my-life/
Do Kwon Breaks Silence: ‘Terra-Luna…Was Essentially My Life’
"Kwon, who moved to Singapore prior to the Terra crash, said he did so out of fear for the safety of his wife and child.
Do Kwon stated that he did not plan to return to South Korea, moreover, he said that the authorities of the country did not contact him and did not file any charges. According to his version, his activity is just an unfortunate case, not a scam."
i have same opinion with DO Kwon , its not scam but its speciall case which is some one know the weakness of ust stable coin algorithm and expose it for their benefit, i am believe for those did it early have alot profits now. in this case Do Kwon didnt get benefits from Luna scam ,even he still have effort to make it great again. maybe by living on SIngapore, SOuth Kore authority will not fire him , but its wrong if government to government have deal about this case.. Do Kwon Breaks Silence: ‘Terra-Luna…Was Essentially My Life’
"Kwon, who moved to Singapore prior to the Terra crash, said he did so out of fear for the safety of his wife and child.
Do Kwon stated that he did not plan to return to South Korea, moreover, he said that the authorities of the country did not contact him and did not file any charges. According to his version, his activity is just an unfortunate case, not a scam."
<.........>
Whatever happens on the market, it's all because of the Terra team. And that's not only my belief that is true. And whatever they say, I don't believe their opinion. And now they've launched their new coin, Terra Coin, and they're hoping we'll forget what they've done to us. I promised myself that I would not invest in Terra Coin or any other ecosystem coin. and I also believed that this was the end of Terra. And they are not going to be a project like Old Terra. because they lost their trust. That's my opinion. Thank you.
Whatever he says doesn't matter anymore.
He better pay with the lawsuits coming after him. From Celsius, Voyager, and now this.
His defense and statements can't change the fact that Terra has ruined the lives of lots of investors. He is not the only one who is having this kind of trouble because Terra's investors also suffered from what happened to the said coin. Some of them lost hope and assets. He should really pay for what he did because it really had a huge impact on the lives of Terra's investors. Yes, crypto investment has risks but mismanagement should also something to be paid for. He better pay with the lawsuits coming after him. From Celsius, Voyager, and now this.
I am not trying to say he is a victim just like the investors because he made some profit from this, but that doesn't change the fact that it is not going to be a big deal at all, it is going to be still an upset for him no matter what. He was just a person who failed, and failed big, that is a scare for anyone, and he lived it in multi million dollar ways unfortunately.
https://blockworks.co/do-kwon-breaks-silence-terra-luna-was-essentially-my-life/
Do Kwon Breaks Silence: ‘Terra-Luna…Was Essentially My Life’
"Kwon, who moved to Singapore prior to the Terra crash, said he did so out of fear for the safety of his wife and child.
Do Kwon stated that he did not plan to return to South Korea, moreover, he said that the authorities of the country did not contact him and did not file any charges. According to his version, his activity is just an unfortunate case, not a scam."
Do Kwon Breaks Silence: ‘Terra-Luna…Was Essentially My Life’
"Kwon, who moved to Singapore prior to the Terra crash, said he did so out of fear for the safety of his wife and child.
Do Kwon stated that he did not plan to return to South Korea, moreover, he said that the authorities of the country did not contact him and did not file any charges. According to his version, his activity is just an unfortunate case, not a scam."
Whatever he says doesn't matter anymore.
He better pay with the lawsuits coming after him. From Celsius, Voyager, and now this.
His defense and statements can't change the fact that Terra has ruined the lives of lots of investors. He is not the only one who is having this kind of trouble because Terra's investors also suffered from what happened to the said coin. Some of them lost hope and assets. He should really pay for what he did because it really had a huge impact on the lives of Terra's investors. Yes, crypto investment has risks but mismanagement should also something to be paid for.
https://blockworks.co/do-kwon-breaks-silence-terra-luna-was-essentially-my-life/
Do Kwon Breaks Silence: ‘Terra-Luna…Was Essentially My Life’
"Kwon, who moved to Singapore prior to the Terra crash, said he did so out of fear for the safety of his wife and child.
Do Kwon stated that he did not plan to return to South Korea, moreover, he said that the authorities of the country did not contact him and did not file any charges. According to his version, his activity is just an unfortunate case, not a scam."
Do Kwon Breaks Silence: ‘Terra-Luna…Was Essentially My Life’
"Kwon, who moved to Singapore prior to the Terra crash, said he did so out of fear for the safety of his wife and child.
Do Kwon stated that he did not plan to return to South Korea, moreover, he said that the authorities of the country did not contact him and did not file any charges. According to his version, his activity is just an unfortunate case, not a scam."
Whatever he says doesn't matter anymore.
He better pay with the lawsuits coming after him. From Celsius, Voyager and now this.
All the blame should not be given to them. However, they are the lowest in the market. Because of this, many people have lost many things including their houses and cars. If they had paid attention to the market, they would have sold for such a large sum.
https://blockworks.co/do-kwon-breaks-silence-terra-luna-was-essentially-my-life/
Do Kwon Breaks Silence: ‘Terra-Luna…Was Essentially My Life’
"Kwon, who moved to Singapore prior to the Terra crash, said he did so out of fear for the safety of his wife and child.
Do Kwon stated that he did not plan to return to South Korea, moreover, he said that the authorities of the country did not contact him and did not file any charges. According to his version, his activity is just an unfortunate case, not a scam."
Do Kwon Breaks Silence: ‘Terra-Luna…Was Essentially My Life’
"Kwon, who moved to Singapore prior to the Terra crash, said he did so out of fear for the safety of his wife and child.
Do Kwon stated that he did not plan to return to South Korea, moreover, he said that the authorities of the country did not contact him and did not file any charges. According to his version, his activity is just an unfortunate case, not a scam."
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This team was so garbage as fuck, they did nothing with LFG reserved funds and so what they have said to use to peg UST was not true at all. I think that the tera team was incompetence with what they said as well. This can be seen from the total tokens that are still increasing a lot despite the new claim by them if the new token can't be minted but they didn't even remember if this is a smartcontract where it can't be reversed. The price is dumping again.
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