Max Keiser has bashed DeFi as scam and LUNA as a recent example of one going off
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Prominent Bitcoin supporter Max Keiser has responded to a tweet by Joe Weisenthal, a Bloomberg economic news host and co-host of the Odd Lots podcast, who has called UST/LUNA an “egregious example of Ponzi-like games.”
Keiser also slammed LUNA, as well as DeFi, Ethereum and even Mike Novogratz, associating them all with scams.
LUNA does not represent all cryptos: Jake Chervinsky
Weisenthal tweeted that despite being the “biggest thing in crypto” over the past couple of years, in reality decentralized finance apps have hardly made any economic impact. He tweeted that in response to Jake Chervinsky, head of policy at the Blockchain Association.
Chervinksy had complained on Twitter that anti-crypto media has been slamming LUNA hard and stating that basically all crypto is potentially like LUNA/UST.
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Anti-crypto media is milking UST for all it’s worth. I’ve seen a few unfair critiques this week acting like all of crypto is just one big algo stable.
Annoying, but expected. That’s just how it is. What matters is that the hit pieces don’t translate into policy. So far, so good.
— Jake Chervinsky (@jchervinsky) May 19, 2022
Weisenthal has referred to LUNA as “a particularly egregious example of a broader phenomenon of Ponzi-like games throughout the space,” since…
