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Tao332 | 3 years ago

That's not an ad hominem.

The circular relationship between Terra and Luna is really fishy. It's probably not really a scam today, but similarly structured schemes should probably be classified as such and criminalized in the future.

discuss

order

somewhereoutth|3 years ago

The best explaination Ive seen (from HN I think) was that the Terra/Luna thing was an attempt to tranche the 'asset'. So Luna (junior tranche) has the risk and potential returns, whereas Terra is supposed to be less risky, less returns (Senior tranche). See MBS, CDO, CDO^2, etc.