[quickthrowman]

> Smart money and retail both hit. Jump, 3AC, VCs, and small investors alike wiped out all the same from the same flawed idea.

I beg to differ, there was no ‘smart money’ invested in Luna. A 15% yield is an enormous red flag and anyone who put money into it is stupid as hell in my book.

To recap: if someone is offering a yield that is 1300 basis points above the risk-free rate, it’s a scam.

[tremarley]

Paying people 15%+ yield is a common marketing cost for new financial opportunities.

It's unrealistic long term, but this is obvious and everyone should know this.

[quickthrowman]

I see banks offering $150-200 on $10,000 in new money deposited for 90 days, which works out to 6% - 8% APR. It’s also a fixed dollar amount and limited in size.