I’ve watched $MIR since it’s inception back in December of 2020.
TFL and Do Kwon knew the risks when they created the platform.

That’s why they made it as decentralized as possible. No tokens to team, governance proposals only by community, threw away any centralized keys.
All the TFL team did was write code.

And code should be protected as much as speech. It is their right to have freedom of code like their freedom of speech.

We should protect and embrace our engineers of the world because these guys are building our future.
$MIR is now a decentralized entity that cannot be shut down, censored, or centralized controlled.

The code will always live on and there will always be engineers willing to build on it.

Giving global access of ALL financial products to the whole world is a revolution.
The SEC is scared of this revolution.

But don’t forget that it’s the people that can choose our society’s direction.

$MIR isn’t a TFL Platform.

It’s OUR platform. The people’s.

SEC can’t shut it down.

Because they can’t shut all of us down.

We are the CEO’s of $MIR

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Alpha Seeker.UST 🌖🍁

Alpha Seeker.UST 🌖🍁 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @AlphaSeeker21

25 Oct
Disappointed take. I respect @hasufl but let’s educate him on the matter.

$UST is backed by the arbitrage opportunity of when $UST depegs from a $1 and market makers steps in and takes advantage of profit opportunity between $UST and $LUNA.
The golden equation is that 1 $UST will always be exchangeable for $1 worth of $LUNA.

The price of $LUNA does NOT matter at all. It does not serve as collateral for $UST.

$UST can always keep its peg at any price point of $LUNA.

Just as long as $LUNA is greater than 0.
$LUNA value will always be greater than 0 because there is real cash flow tied to the token.

IMO, $UST peg mechanism is the greatest we’ve seen in crypto.

When market participants have a financial incentive to keep $UST pegged to a $1, that’s the strongest safeguard in crypto.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(