Scam Economy

15: Terra, Luna, & The Crypto Crash: Everything You Need to Know (w/ Bennett Tomlin of Crypto Critics' Corner)


Listen Later

EMERGENCY POD! The crypto market is in a free fall. What is happening?! Bennett Tomlin of Crypto Critics' Corner joins Scam Economy with Matt Binder to break down what stablecoin Terra (UST) is, why it lost its peg and what that means, how its sister coin Luna factors in to all this, and how this all led to one of the biggest crashes across the entire cryptocurrency market – one that has Bitcoin at its lowest value in nearly a year and a half. Bennett and Matt also discuss the coins' parent company, Terraform and its eclectic founder Do Kwon, what an "algorithmic stablecoin" is, and how the whole thing is a ponzi. If that wasn't enough, the two also take a look at some of the conspiracies such as Blackrock and Citadel "attacking" Terra and how a Major League Baseball team was sharing Terra marketing videos as the whole thing came tumbling down. Support the show: http://www.patreon.com/mattbinder
...more
View all episodesView all episodes
Download on the App Store

Scam EconomyBy Matt Binder

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

339 ratings


More shows like Scam Economy

View all
Pivot by New York Magazine

Pivot

9,586 Listeners