Terra (LUNA) was reborn from the ashes like a phoenix after its dramatic collapse and debuted as LUNA 2.0. However, there are still serious doubts in mind. Former options trader and risk analyst Nassim Taleb claims that LUNA 2.0 is also a “Ponzi scheme” like LUNA, and says that putting Terra founder Do Kwon behind bars could prevent the same things from happening again.
According to Nassim Taleb, LUNA 2.0 is also a ponzi scheme!
Nassim Taleb, the author of ‘Black Swan’, who explains that things can be viewed from a different angle, that the impossible can happen and that it can have devastating effects, says that open ponzis like Terra are more dangerous than opaque ones like Bernie Madoff.
As will be remembered, Bernie Madoff, a former Nasdaq chairman, defrauded his victims by secretly managing a Ponzi scheme that reached billions of dollars over the past 17 years. In 2009, the disgraced financier was sentenced to 150 years in prison after pleading guilty to 11 felony charges. Bernie Madoff died in prison last year at the age of 82.
Although Terra 2.0 is launched, its founder Do Kwon is still facing some legal issues. Last week, South Korean television JTBC reported that local prosecutors have launched an investigation into the Terra collapse. On the other hand, Terra founder and CEO Do Kwon, after evaporating the money from tens of thousands of investors, has returned to the market with an almost dry apology and continues to post on Twitter with an air of snobbery arrogance.
“Do Kwon is waiting for another BTC rally to pump the LUNA”
Kriptokoin.com LUNA 2.0 is in the news After entering, he dived approximately 75% vertically after a slight jump. Terra’s old tokens are circulating in the market as zombies at close to zero values.
Amid all this, Nassim Taleb claims that Do Kwon is waiting for another Bitcoin rally to pump the price of LUNA. The philosopher, who was cautiously optimistic about Bitcoin, reversed his stance on the leading cryptocurrency. Nassim Taleb published an article last year explaining why Bitcoin is worth zero, and also called Bitcoin a ‘cheat’.
