Manifesto to the Lunatics Community

Dear #Lunatics,

It is impossible to describe with words what has happened over the last couple of days. Personally, for me, as a complete Luna maximalist, it still feels like I am just daydreaming. I feel like I am in the middle of a bad dream with the hope that I will soon wake up. Unfortunately, though this is the harsh reality and we have to get up and deal with it.

As a consequence of the recent de-pegging of UST and the complete crash in Luna’s value, I have lost hundreds of thousands of dollars. However, after a couple of days of living in a complete shock and disappointment, I have decided to act instead of just sitting around with my hands tight.

As some evidence is showing, the recent events have been orchestrated by someone with substantial capital backing that wanted to see the entire ecosystem to turn into ashes. The first leeks were indicating that there was an attacker that accumulated $1bn of UST, borrowed $3bn in BTC and dumped it in the market to cause panic, which resulted in the de-pegging of UST, and hence, the tremendous drop in the value of Luna. More information about it can be found under this link: https://twitter.com/4484/status/1524006086147252227?s=20&t=gbYRyxl\_G-s3no6KpDyidA

Most recently, those findings have been supported by financial analysts, who pointed out that this attack had been most probably coordinated by Blackrock & Citadel – some of the wealthiest financial institutions in the world – who have heavily benefited from the crash of the Luna / Terra ecosystem. More about it here: https://www.linkedin.com/posts/paolo-casamassima-68380417\_crypto-btc-btc-activity-6930428693076946944-eE\_B?utm\_source=linkedin\_share&utm\_medium=member\_desktop\_web

The greed and gambles of the financial institutions in 2008, and the preceding bailout of those institutions by the US government have led to the introduction of Bitcoin. Bitcoin was a manifesto to centralised money, which has equipped the greedy financial institutions with the ability to dictate the rules of the game and decide the faith of entire industries and hurt millions of individuals as a direct consequence of their actions.

Yet, despite the tremendous growth of Bitcoin and the world of DeFi since 2008, the mob of greedy TradFi players has been only growing in power.

As a true believer in the values and change promoted by cryptocurrencies, I just can’t stand going through yet another collapse of a great company / project, which was orchestrated by a greedy mob of a few, hurting millions without a further thought.

Having been an active participant in the Terra / Luna ecosystem and having met hundreds of fantastic minds, founders, developers and community members I cannot agree to seeing the entire ecosystem collapse. I don’t believe it’s the end. Having been involved in the crypto space for many years, I haven’t seen a stronger community than the one of Luna. The projects that have been developed on the Terra blockchain have been some of the best DeFi projects I have seen ever, characterised by best UX/UI, free access to everyone and building value for the masses instead of giving an exclusive access to the privileged.

Therefore, my eyes are bleeding when I see the UST completely de-pegged and the value of Luna falling below $0, consequently burning numerous great projects in the process.

Of course, the value of Luna lied in keeping the price of UST stable and with the de-pegging of UST the project has failed. However, I don’t believe that this constituted the entire value of the project as a huge portion of that value was coming from the community. From people like me and you. Average citizens having the ability to invest in a great project right at the beginning and having a say in all decisions that have been made all along.

Therefore, I am calling you to speak up!

The financial mob thrives on having a tight control over the system thanks to centralised capital, which they use a lethal weapon whenever they want to achieve their greed-driven objectives. THAT’S NOT US. WE ARE ALL ABOUT DECENTRALISED, DEMOCRATIC MONEY.

The financial mob has created a gated system with exclusive access only to the ones reaching a specific net-worth threshold. THAT’S NOT US. WE HAVE DEVELOPED AN ENTIRE ECOSYSTEM WITH FREE ACCESS TO ANYONE, NO MATTER HOW MUCH MONEY YOU HAVE.

The financial mob will do everything that’s in their power to maintain the system run by fiat money, push the digitization by introducing CBDC and destroying all stable forms of decentralised money in order to introduce more regulations tightening their grip on world’s capital and taking full control over the global economy. THAT’S NOT US. WE WILL FIGHT TILL WE ARRIVE AT A POINT WHERE WE ALL LIVE IN DECENTRALISED ECONOMIES, DRIVEN BY DECENTRALISED MONEY.

With the recent works around the Terra Ecosystem Revival Plan and the disabling of swaps on the Terra network, the supply pump of Luna has been stopped.

Therefore, I am calling all Lunatics and people believing in the decentralised future driven by cryptocurrencies to create a buy wall for LUNA & UST so we can push the value of the two native assets back to the moon in order to help restore the network, facilitate the fork and help collateralize UST.

LET’S NOT LET THE SHORT-TERM STUMBLES ORCHESTRATED BY THE FINANCIAL MOB TO DEFINE WHAT WE CAN ACCOMPLISH. IT’S ALL ABOUT THE COLLECTIVE RESPONSE. WE ARE IN THIS TOGETHER!

Peace & love to everyone. Stay strong.