We’re discontinuing the Stablegains service

#1

Post by mkeeter » Sat, May 21, 2022, 8:48 PM UTC

We’re discontinuing the Stablegains service
blog.stablegains.com

Re: We’re discontinuing the Stablegains service

#2

Post by axiosgunnar » Sat, May 21, 2022, 9:40 PM UTC

This is huge news, isnt it? A YC startup going bankrupt because of the Terra collapse?

Re: We’re discontinuing the Stablegains service

#3

Post by 1270018080 » Sat, May 21, 2022, 9:40 PM UTC

Least corrupt crypto company.

Return is directly correlated to risk, so when a black box corporation is promising 15% returns and marketing itself as a “simple and safe” way for its users to benefit from “advances in financial technology.” It's probably not safe, but it is very simple.

Re: We’re discontinuing the Stablegains service

#4

Post by Imnimo » Sat, May 21, 2022, 9:41 PM UTC

I guess they didn't get the memo about going default alive.

Re: We’re discontinuing the Stablegains service

#5

Post by Animats » Sat, May 21, 2022, 9:42 PM UTC

TerraUSD Price (UST) $0.05468

So, 95% of the value is gone.

Can anyone explain how the fork, airdrop, and other gyrations the Terra/USD promoter is proposing will work, and where any actual money comes from?

Re: We’re discontinuing the Stablegains service

#6

Post by lupire » Sat, May 21, 2022, 9:43 PM UTC

axiosgunnar wrote: post #2

This is huge news, isnt it? A YC startup going bankrupt because of the Terra collapse?

A fraudulent company going bankrupt because the fraud collapsed.

Re: We’re discontinuing the Stablegains service

#7

Post by unicornmama » Sat, May 21, 2022, 9:43 PM UTC

Imnimo wrote: post #4

I guess they didn't get the memo about going default alive.

Hey these days we're going default ponzi :)

Re: We’re discontinuing the Stablegains service

#8

Post by xvector » Sat, May 21, 2022, 9:45 PM UTC

lupire wrote: post #6

axiosgunnar wrote: post #2

This is huge news, isnt it? A YC startup going bankrupt because of the Terra collapse?

A fraudulent company going bankrupt because the fraud collapsed.

Source on the company being fraudulent?

Source on Terra being a fraud?

Please provide sources for your ad-hominems.

Re: We’re discontinuing the Stablegains service

#9

Post by [deleted] » Sat, May 21, 2022, 9:46 PM UTC

unicornmama wrote: post #7

Imnimo wrote: post #4

I guess they didn't get the memo about going default alive.

Hey these days we're going default ponzi :)

[deleted]

Re: We’re discontinuing the Stablegains service

#10

Post by peter422 » Sat, May 21, 2022, 9:46 PM UTC

axiosgunnar wrote: post #2

This is huge news, isnt it? A YC startup going bankrupt because of the Terra collapse?

Fwiw a lot of YC companies have had large collapses. For example Homejoy which is a lot bigger than this company. It happens. Startups are risky. Not huge news.