Terra, Luna, and Algorithmic Stablecoins

Crypto Critics' Corner

المحتوى المقدم من Cas Piancey and Bennett Tomlin, Cas Piancey, and Bennett Tomlin. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرةً بواسطة Cas Piancey and Bennett Tomlin, Cas Piancey, and Bennett Tomlin أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

2y ago 31:43

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Today Bennett and Cas talk about Terra, a stablecoin that uses an algorithm to stay pegged to numerous currencies (mainly the US dollar). Recently, Do Kwon, the creator of Terra, and its token that buoys the stablecoins it supports, Luna, decided to spend $10 billion worth of Luna's reserves to buy Bitcoin.

What does this even mean? Let's figure it out.

Bennett's appearance on the Blockchain Debate Podcast to discuss algo stablecoins: https://podcasts.apple.com/us/podcast/motion-algo-and-fractional-stablecoins-are-flawed/id1493609456?i=1000530171560

The FUD Letter's discussion of Terra: https://bennettftomlin.com/2022/02/06/is-terra-stable-the-fud-letter/

The episode was produced by Asher Hirsch and recorded on Sunday, April 24th, 2022.

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