[cecida]

A crypto grifter getting rich and leaving a load of retail "investors" holding the bag when it all collapses?

This surely hasn't happened before?

[bombadilo]

Can we leave these painfully overused sarcastic comments to reddit please? This adds nothing to the discussion. I've been seeing these types of comments more frequently on HN. What's happened to the moderation?

[lokar]

I agree it's not great. But imo it's an understandable and inevitable reaction to the constant pro-crypto fanboy comments. Both sides are mostly noise.

[tus666]

Actually you are more likely to find that on Reddit. HN has never been particular pro-crypto.

[lokar]

It reminds me of something I read about the debate over string theory in physics. One side says "by the standards of our discipline this has not, and never will accomplish anything" ("not even wrong"), the other side says "but this is so different and amazing none of the existing rules matter!"

[dropnerd]

sarcastic takedowns of crypto are the norm here.

[moralestapia]

So you're telling me Do Kwon was a scammer?!

Wow, no one would've thought of that!

What's even more absurd is that in a couple years from now it will do a similar thing again, and people will give him its money ... again.

[GVIrish]

It's stunning that people bought into Luna 2.0 after the first Luna token imploded. It didn't take a few years, it was what, a few weeks later?

[eudoxus]

The beautiful irony would be if he was cashing out and holding all these "laundered" funds in Luna/UST. I guess time will tell.

[cecida]

I doubt it. HODL is a mantra used by crypto grifters to ensure they can liquidate into filthy dollars or euros without having bagholders panic and depress the price.