Hacker News Reader

Total non-sequetor PoS and stablecoins are two orthogonal arguments, one has no effect on the other.

This is like arguing that electric cars are better than diesel, and you retorting: but this tesla crashed into a wall, see electric cars suck!

View on HN

As a disinterested bystander, it sure seems like, "this coin failed" is a reasonable rebuttal to the argument that this coin is an example of success.

You may be disinterested, but you're not informed. The people above you are not arguing about whether LUNA is a successful coin in general, but over how it reflects on "proof of stake" vs. "proof of work" protocols. If you think LUNA losing their peg is a good argument against PoS, you don't know enough about cryptocurrency to judge these arguments. LUNA's peg to the dollar is ensured with a scheme that has zero to do with either proof of stake or proof of work. Saying Luna's failure redounds on proof of stake protocols is like saying that AOL's failure redounds on the HTTP protocol.

Reply on news.ycombinator.com