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Terra and Luna: Crashing to Earth

 Space Oddity by David Bowie (Ground Control to Major Tom)  The Terra Luna Scandal has all the makings of a good, low budget made for TV - straight to Netflix movie.  Let's treat it as a such by comparing aspects of the narrative with quintessential financial dreams and schemes. Ground Control to Major Tom is a good sound track. Let's Write the Script  (aka the Google Doc for the Paper)
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Recent posts

Do Kwon is Major Tom

  The Lyrics to Peter Schilling's Major Tom (Coming home) are ironically prescient of the  Terra /Luna Tale The mission did not go as planned. 
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May 10 - Run On the Bank

  May 10, 2022 Crypto Equivalent of a "Run on the Bank" Bitcoin investors are panicking as a controversial crypto experiment unravels
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May 11 - Currency Peg Snaps

  May 11, 2022  Pegged Currency Cannot Hold  (Is there a term for this Dan?) Controversial stablecoin UST — which is meant to be pegged to the dollar — plummets below 30 cents Inflation? Contagion? Are CBDC the Answer? Why central banks want to launch digital currencies | CNBC Reports \
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May 16 - Liquidate Reserves

  May 16, 2022 Luna Foundation Guard has now dumped $2.4 billion from its Bitcoin reserves in failed attempt to defend TerraUSD peg
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May 19 - Market Contagion!

  May 19, 2022 TerraUSD’s collapse will take down every other algorithmic stablecoin, crypto analysts say
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May 27 - Hope Springs Eternal

May 27, 2022 Terra Backers Vote To Revive Luna Cryptocurrency
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