Do Kwon, founder of TerraUSD, has a history of disparaging critics

Confidence in the coins of his TerraUSD and Luna projects has dwindled. "debate with poor people." Kwon said in response to an economist's criticism of TerraUSD's design.

There was a 99 percent drop in the luna token when the TerraUSD stablecoin of crypto entrepreneur Do Kwon crumbled.

The crypto community's attention is now on his tendency to ignore criticism of his initiatives by criticizing critics as "poor."

As far back as July, Kwon made fun of a British economist critical of the so-called algorithmic stablecoin idea.

Frances Coppola tweeted that TerraUSD's self-correction mechanisms, commonly known as UST, would collapse if investors fled in fear.

I don't debate the poor on Twitter, and unfortunately, I don't have any spare coins at the time.

A few days before TerraUSD, the world's third-largest stablecoin, plummeted as low as $0.30, he was fiercely slamming skeptics.


CT is a slang term for a Twitter account that uses cryptography to communicate:

"Anon, you could listen to CT influensooors about UST depegging for the 69th time. Or you could remember they're all now poor and go for a run instead. Wyd," On May 9, Kwon tweeted. 

TerraUSD's co-founder Kwon and Terraform Labs, the firm he created, did not reply to messages seeking comment.

To keep its value fixed at $1, TerraUSD, a so-called algorithmic stablecoin, encouraged traders to swap the asset for the luna cryptocurrency.

As a result of a lack of trust among investors, Luna, the project's sibling cryptocurrency, plummeted from $80 to less than $0.05 in a matter of days.

Markets.com analyst Neil Wilson, a long-time crypto skeptic, said the following: "It's all a fad. They're fictitious assets that don't exist."

Then he added: 

"There's been so much liquidity that entire new asset classes like crypto and NFTs had to be made up to absorb it. Now that liquidity is disappearing, and inflation is ripping, people want real, hard assets."