Hi friends,

I am back with another edition of Addition! You can watch on YouTube here:

Show notes:

00:00 Welcome and intro

00:35 Like, subscribe, follow share:

TikTok: https://TikTok.com/@AdditionPod

Twitter: https://Twitter.com/AdditionPod/

Instagram: https://Instagram.com/additionwithaddy

YouTube: https://m.youtube.com/channel/UCbcmOwRfAHJB6zL_mTLc9j

01:32 Why Addy was glued to Twitter last night

01:54 Crypto markets

03:07 Stock markets

03:25 Addy’s thoughts on the market

Episode 25 on Addy’s investment principles:

 

05:16 Addy unpacks the Terra, $LUNA, and UST breakdown

Ultimate explainer thread: https://threadreaderapp.com/thread/1523793482850050048.html

Coindesk article: https://www.coindesk.com/business/2022/05/09/ust-stablecoin-falls-below-dollar-peg-for-second-time-in-48-hours/

Excellent explainer video:

(thanks Stephanie!)

05:26 What is the Terra ecosystem?

05:44 What is a stable coin

Addition episode 11 on stablecoins:

05:58 How UST is supposed to work

06:26 What is $LUNA?

06:45 Addy’s first impression of $LUNA

The Milk Road Bull Case for $LUNA:

https://www.milkroad.com/p/bull-bear-case-luna

Bankless Bull/Bear episode on $LUNA:

08:08 The multi-million dollar wager on $LUNA

08:38 How LUNA and UST broke down

09:32 How Bitcoin was affected by the UST and $LUNA breakdown

10:04 Why people bought UST and $LUNA

10:45 Lessons from the UST and $LUNA breakdown

11:39 Addy calls out Shaan Puri from The Milk Road

11:53 Human impact of the UST and $LUNA breakdown

Bankless episode with Raoul Paul explaining what happened with UST:

13:07 Big Tech loses $1 trillion in market capitalization

Article: https://www.cnbc.com/2022/05/09/tech-giants-lost-over-1-trillion-in-value-in-last-three-trading-days.html

14:17 Career topic

15:23 What Addy is geeked out about

Listen on your podcast player:

Apple: 

Spotify:

Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9hZGRpdGlvbnBvZC5zdWJzdGFjay5jb20vZmVlZA

Thanks so much for your support!

Cheers,

Addy

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit additionpod.substack.com