UST: New Paradigm or Ticking Time Bomb? | Terra Bear vs. Bull

Terra is exploding. Do Kwon and the Terra ecosystem are turning Bitcoin into their collateral asset of choice to backstop LUNA and the UST stablecoin. Over the last several weeks, the Luna Foundation Guard (LFG) have bought over 30,000 BTC... and they don't plan to stop there.

As the LFG climbs the ranks of bitcoin holders, Do Kwon has started playing empire games—claiming victory over the Curve Wars with the 4pool (which contains UST, Frax, USDC, and USDT), calling for the end of DAI, and attempting to build out the Terra ecosystem as the ultimate power in the universe.

Is Terra (UST) the future of crypto money? Or is it a ticking time bomb waiting to explode? Perhaps the truth is somewhere in the middle, so we're going to debate it. From the bull side is Delphi Digital's José Maria Macedo, and representing the skeptics is Selini Capital's Jordi Alexander.

------ CONSENSYS | M·A·C: NFT Collection for a Good Cause https://bankless.cc/MAC 

------ SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  ️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS:

️ ARBITRUM | SCALED ETHEREUM https://bankless.cc/Arbitrum 

ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across 

ALTO IRA | TAX-FREE CRYPTO https://bankless.cc/AltoIRA 

AAVE V3 | LEND & BORROW CRYPTO https://bankless.cc/aave 

️ MAKER DAO | THE DAI STABLECOIN https://bankless.cc/MakerDAO 

BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

------ Timestamps:

0:00 Intro 7:30 LUNA/UST Fundamental Properties 15:15 The Balance Between LUNA/ETH 20:00 Why Bullish/Bearish? 25:28 Why is UST a Successful Stable? 30:19 Are Algo-Stablecoins Unstable? 42:25 Anchor's Utility 48:02 Do Kwon $10B Purchase of LUNA 52:02 Is UST Becoming a Bank? 57:00 Risks of De-pegging 1:06:30 Has LUNA/UST Been Tested? 1:15:00 Do Kwon & Decentralization 1:27:50 Do Kwon's 4pool 1:39:05 Potential Nightmare Scenarios 1:48:04 Closing Arguments

------ Resources:

Jordi Alexander CIO of Selini Capital https://twitter.com/gametheorizing 

Jose Macedo Founding Partner, Delphi Digital https://twitter.com/zemariamacedo 

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures