Capitulation?

LUNA collapse and BTC holds technical area

We will start this note off on the crypto currency LUNA which has lost 100% of its value and will most notably be used as the cannon fodder for Bitcoin naysayers. We know LUNA is not BITCOIN so its not even a fare comparison. However we know how simpletons use such associations to form narratives around false beliefs. Meaning guilt by association, especially all those who lack proper knowledge and understanding. First off lets make one point very, very clear. Magnelibra Econemotions has never ever promoted any other form of cryptocurrency ever other than Bitcoin and Ethereum. We believe the technology that Bitcoin is built on is a superior form of labor utility than anything that exits today. Ethereum offers a platform if you will for those that want to develop. Both offer decentralization which rests at the foundation of all future technology from our purview. It is in these trustless systems by which the new economies will be built and we truly believe humanity will be far better off. So when we read stories like this one linked here: