Luna and Terra are Crashing! Now What? (Recorded Live) - Episode 72

Ғылым және технология

Cas Piancey and Bennett Tomlin previously discussed Terra and Luna days before the crash, now that the crash has occurred what should we take away? • Terra, Luna, and Algor...
Other resources mentioned in this episode:
Bennett's thread on Terra / 1490394683738136587
Bennett's report on Terra stability thefudletter.com/is-terra-sta...
Bennett's debate on algorithmic stablecoins bennettftomlin.com/2021/07/27...
Timeline of Do Kwon's activities protos.com/do-kwon-terra-defi...
Andre's Article / the-rise-and-fall-of-c...
Other places to find Crypto Critics' Corner
Website: cryptocriticscorner.com/
Twitter: / cryptocriticpod
Instagram: / cryptocriticpod
TikTok: vm.tiktok.com/TTPdPN2hK9/
Discord: / discord
#ust #luna #terra #crypto #cryptocurrency

Пікірлер: 111

  • @anastasiaavery115
    @anastasiaavery1152 жыл бұрын

    I was also made aware of your podcast from watching coffeezilla. I've been watching your back catalogue too. You have some very well thought out and well explained content. Thank you. If the BTC price continues to fall the next casualty will be Microstratergy.....

  • @Caddrel

    @Caddrel

    2 жыл бұрын

    Their back catalogue is excellent, I finished listening to it all last month and there hasn't been a bad episode

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Thank you!

  • @Mmsssssss
    @Mmsssssss2 жыл бұрын

    Found this pod from coffeezilla, you both are great, thank you for the great info.

  • @Llancre
    @Llancre2 жыл бұрын

    I just discovered your channel through Coffeezilla. So informative. Thanks guys for the reflection points.

  • @nowherenever1169
    @nowherenever11692 жыл бұрын

    Bennett and Cas are legends and their timing was spectacular. As a long time fan its great to see you'll finally get the mainstream recognition you deserve.

  • @tradito

    @tradito

    2 жыл бұрын

    tether looks decent to me.

  • @leashau7817

    @leashau7817

    2 жыл бұрын

    @@tradito the depeg was around tethers pure Dollar backing so very easy to fix but nobody knows, what a big depeg over minutes would cause. We only know, that Tether does not want US to know how the biggest back position is spreaded. I can see the point of not showing what can harm your position - but the other side is that it is very scetchy or not existant.

  • @nowherenever1169

    @nowherenever1169

    2 жыл бұрын

    @@leashau7817 I legit think they have the financial instruments they claim. Concern would be how fast they can liquidate in case bitcoin drops FAST for some catastrophic reason i.e. satoshi wallet moving or cybersecurity threat on the network

  • @leashau7817

    @leashau7817

    2 жыл бұрын

    @@nowherenever1169 Well, sadly nobody knows becaue they dont even tell us what the claim is . They hired a firm to validate them, but terminated the contract because " They asked to many Papers ...." Papers when you have them legit , you should have no trouble to show ! .... sounds pretty fucking BAD. And when you make the connection that the WHOLE market depends on Thethers rise and them never beeing able to stabelize .... When it smells like a Ponzi/MLM it most likely is -.-

  • @leashau7817

    @leashau7817

    2 жыл бұрын

    I dont care about any crypto at all i never checked --- but now as i have checked the Data ... Tether has NOT A SINGLE DAY on 1$ EVER!!! So my first argument for this one big depeg was false . They have no money at all to make Tether peg at 1$ .... and they even do not hide it at all. Its just crypto"bros" ignore it (very dangerous!) or (more likely) never check on it out of ignorance(very very reckless). When you can not Peg your stable coin to the Dollar --> you sadly absolutly dont have the backing you claim.

  • @Caddrel
    @Caddrel2 жыл бұрын

    Thank you for breaking these things down, I wish more people had listened to you and taken their money out before the crash

  • @tony58300
    @tony583002 жыл бұрын

    "it's still over a dollar..." jeeeesus that aged horribly and it's been like 13 hours great podcast btw

  • @Jmattel19
    @Jmattel192 жыл бұрын

    Keep up the great work! Your discussion is at a higher level than I can completely understand but I like that its challenging me to learn more (I had to look up 'rehypothecation'). You guys regularly reference your older episodes, you should consider putting links to the episodes you reference for quick access. Can't wait for your next video!

  • @Trupak786
    @Trupak7862 жыл бұрын

    You guys were RIGHT!!! Bravo 👏 thanks 🙏 and keep going because I’m watching all your videos 💯

  • @IRLVaporwave
    @IRLVaporwave2 жыл бұрын

    Bennett, you have a great voice. I find your talks pleasant to listen to. Also, great name. I think you'll go far as a voice! Your partner is also entertaining.

  • @KK-pm7ud
    @KK-pm7ud2 жыл бұрын

    Looks like you two are finally getting the credit you deserve. Hopefully your sponsors will allow you to keep going. I think it was a good decision to actually video tape yourselves speaking. It increases the connection with your audience. Keep it going.

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    We don’t have any sponsors!

  • @KK-pm7ud

    @KK-pm7ud

    2 жыл бұрын

    @@CryptoCriticPod Oh. I think I misunderstood then. I thought I heard or read something in one of your videos or posts that if you didn't get anymore views that you'd have to stop or something. I must have misunderstood. Haha.

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Cas likes to make jokes

  • @raininseptember
    @raininseptember2 жыл бұрын

    Dude on the left is fucking brilliant. Great podcast

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Thank you

  • @dfnope
    @dfnope2 жыл бұрын

    thank you for fixing the audio!

  • @henrio79
    @henrio792 жыл бұрын

    Thanks to you two, I’m now very informed on the debacle. Great content!

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Thank you!

  • @xavdeman
    @xavdeman2 жыл бұрын

    34:05 "Ok cool" - Lol, I actually wanted to hear more about that criminal illegal frontrunning Terra Labs was caught doing.

  • @ashtagbeats

    @ashtagbeats

    2 жыл бұрын

    They touch more on that in the previous episode! kzread.info/dash/bejne/iGVqt5aDZpjem7A.html

  • @TheRealJellyBomb

    @TheRealJellyBomb

    6 ай бұрын

    Yeah, throughout the episode the dude on the right was either not listening or didn't understand what was going on 😂 I was like, wait what, explain more. 😂

  • @jacksi8303
    @jacksi83032 жыл бұрын

    The camera and sound is much better. Great video 👍

  • @johnkneeshaw8008
    @johnkneeshaw80082 жыл бұрын

    I found this podcast just before the _event._ Now I'm a little disappointed I've caught up, but also was very much looking forward to this episode. You guys are great!

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    You’ve listened to over 70 episodes in like two weeks??!!??

  • @johnkneeshaw8008

    @johnkneeshaw8008

    2 жыл бұрын

    @@CryptoCriticPod I skipped a couple. I didn't feel any need to hear more about why money laundering should be legal after the initial argument, for example. But it was a binge. I was sick and playing Skyrim.

  • @mqbq3651
    @mqbq36512 жыл бұрын

    One episode and subbed. Good job guys

  • @mygoodness7246
    @mygoodness72462 жыл бұрын

    So... are we thinking pull out of Nexo, Celsius, Blockfi and into cold storage until this all blows over? I am getting worried.

  • @TheRealJellyBomb

    @TheRealJellyBomb

    6 ай бұрын

    Do you have any money left now? 🤔

  • @hulkingmass
    @hulkingmass2 жыл бұрын

    Great stuff. Keep it up 🙌

  • @warbongos9410
    @warbongos94102 жыл бұрын

    lol anchor yield ultimate example of "over promise, under deliver" 😂

  • @retroatx
    @retroatx8 ай бұрын

    I've been aware of your content for some time but only just started watching it. I have to say, you guys are very well informed And knowledgeable. GREAT CONTENT!

  • @themostar7426
    @themostar74262 жыл бұрын

    I love the cheeky grins at the start barely holding it in 😜

  • @AmaurisPD
    @AmaurisPD2 жыл бұрын

    Hey!! Saw you in Coffeezilla! Keep up the good work!

  • @fomi4tiger
    @fomi4tiger2 жыл бұрын

    What do you guys think about Tether market cap reducing at the moment?

  • @chatbass2468
    @chatbass24682 жыл бұрын

    Here from Tastytrade interview, thanks for the discussion

  • @kirilkiril7436
    @kirilkiril74362 жыл бұрын

    Shoutout coffeezilla for introducing me to you.

  • @Savukala
    @Savukala2 жыл бұрын

    Thanks! Have you ever made an episode over a legit crypto project, and would you be willing to go into some specifics about what makes them sustainable?

  • @TheRealJellyBomb

    @TheRealJellyBomb

    6 ай бұрын

    Are there any? 🤔

  • @wc8135
    @wc81352 жыл бұрын

    If it is too good to be true. You have to tread carefully.

  • @taylorrooney9187
    @taylorrooney91872 жыл бұрын

    USDT just hit 3% off peg. My heart rate is starting to increase...

  • @Ashadow700

    @Ashadow700

    2 жыл бұрын

    4% now

  • @ashtagbeats

    @ashtagbeats

    2 жыл бұрын

    Can’t take my eyes off off the chart

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Gonna be another busy day for Cas and I isn’t it?

  • @emanuellandeholm5657
    @emanuellandeholm56572 жыл бұрын

    Got here from coffee, enjoying my stay!

  • @hexedits369
    @hexedits3692 жыл бұрын

    BitKwonneeeeeect!!!

  • @tiredfrog308
    @tiredfrog3082 жыл бұрын

    Moistcr1tikal reacting to Coffeezilla bought be here. Super glad I found this podcast! I look forward to catching up.

  • @shlakser
    @shlakser2 жыл бұрын

    Subscribed because of Coffeezilla 👍 and because you are cool 👍

  • @fredericbillet3304
    @fredericbillet33042 жыл бұрын

    Not looking it will get to $1 peg ever again!

  • @kickinon
    @kickinon2 жыл бұрын

    Fix your mic volume please, first guy is about 150% louder than the second guy.

  • @ItsShiggy
    @ItsShiggy2 жыл бұрын

    What do you guys think of Do Kwan filing to dissolve the company's Korean entity just days before the collapse?

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Not important. They had already announced move to Singapore and had entity there

  • @MartinSparkes-BadDragon
    @MartinSparkes-BadDragon2 жыл бұрын

    What gets me is how many fraud schemes exist in the crypto space, yet crypto is still touted as honest and legitimate. Maybe I am too cynical, but to me this lack of regulatory oversight voids any claim to legitimacy there could ever be,

  • @TheRealJellyBomb

    @TheRealJellyBomb

    6 ай бұрын

    There are non-fraud schemes in crypto? 🤔 News to me 😂

  • @sez7831
    @sez78312 жыл бұрын

    Could you guys do episode on DAI, it's also algorithmic stablecoin with market value of $6B+

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Dai is not an algorithmic stablecoin. It’s an over-collateralized CDP based model

  • @sez7831

    @sez7831

    2 жыл бұрын

    @@CryptoCriticPod oh

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    We’ve mentioned it in past episodes like those with Frances Coppola and Bennett has a bunch of writing about it on his blog bennettftomlin.com/ (search for Dai and they should come up)

  • @Baspastoorsify
    @Baspastoorsify Жыл бұрын

    Can we Crowdfund Tomlin a new camera or a internetspeed upgrade?

  • @gerryk12
    @gerryk122 жыл бұрын

    It's a 2.5 cents now. It done.

  • @tradito
    @tradito2 жыл бұрын

    Hello. I like these, but i think volumes should be leveled. Tomlin is way too low am riding the volume up and down not to wake the neighbours.

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Most aren’t like this, this one was our first attempt to go live

  • @tradito

    @tradito

    2 жыл бұрын

    @@CryptoCriticPod Ok. I understand sometimes just there just no time to test if the sound is well balanced or not. You can always fix it in post if re-uploading the video. Either way, you got a new sub. Great channel. Crypto needs more content like this. I follow Tomlin on twitter for some time and i think he's great. Keep up the good work.

  • @J3envenuto
    @J3envenuto2 жыл бұрын

    Any thoughts on $hbar

  • @ejbatu
    @ejbatu2 жыл бұрын

    Came over from Coffeezilla channel. Subed and Listening 🎶 👂 🎧 while holding on to my $ and working remotely

  • @buriedpet
    @buriedpet2 жыл бұрын

    Well, as of typing this, Tether is sitting at $0.98. It depegged.

  • @Nohandleentered
    @Nohandleentered2 жыл бұрын

    I didn’t know Celsius was considered infamous. Since when?

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Cryptocurrency Lending is Too Good to Believe - Episode 26 kzread.info/dash/bejne/c5OHzMGTos_ffNY.html

  • @bvumaassetinvestments4013
    @bvumaassetinvestments40132 жыл бұрын

    We crown 👑 you'll the new prophets of doom💙📊🏁

  • @PPL-ol7ps
    @PPL-ol7ps2 жыл бұрын

    I hope you look into Djed/Shen, Cardano's algorithmic stable coin created by COTI.

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Many of the problems of algo stables are problems suffered by all algo stables

  • @PPL-ol7ps

    @PPL-ol7ps

    2 жыл бұрын

    @@CryptoCriticPod Thank you for your response. You know IOHK, Charles Hoskinson and others in the Cardano community pride themselves in "being", scientific, academic, doing peer reviewed work. There is a Djed paper. It would be great to know if there is actually anything new there or not. I could read it and still not understand most of it. The more eyes, the better.

  • @TheRealJellyBomb

    @TheRealJellyBomb

    6 ай бұрын

    ​​@@PPL-ol7psWho really cares? It's all gambling anyway.... Edit: except when it's straight up fraud 😂

  • @jonnyy4088
    @jonnyy40882 жыл бұрын

    I think the whole lot's going to collapse within a week or two.

  • @jaygreenakajackstax9345
    @jaygreenakajackstax93452 жыл бұрын

    Hi Guys, thanks for all the great vids. Would it be possible to do avid on Defichain. It's founder is Julian Hosp. His passed is a bit sketchy but he sais he also was victim in the previous debacle of Lyoness. Also the dusd is also an Algorithmic stablecoin, next to the dfi as it's native token. The liquid mining returns are slowly decreasing but some are still up by 80% apr. I tried to tell my friends to be careful since the dusd has depeged and is at 0.92-0.9 over the last week, but no one believes me. Maybe it spikes your interest?

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    If Hosp is involved it’s bad

  • @y.iskndr8482
    @y.iskndr84822 жыл бұрын

    I dont know keanu reeves into crypto

  • @xavdeman
    @xavdeman2 жыл бұрын

    #terrafied

  • @yogathan1
    @yogathan12 жыл бұрын

    Keep up the good work. I think as we move through each quarter with rising rates. I think the animalistic behavior of hedge funds is going to cause contagion in the crypto world. They are going to try to push capital into less risky assets by exposing fraudulent financial spaces to save themselves.

  • @carlos323131
    @carlos3231312 жыл бұрын

    Great channel, also fuck crypto currency.

  • @toddschultz7477
    @toddschultz74772 жыл бұрын

    Luna connect, see ya at 0

  • @qwerty_artist
    @qwerty_artist2 жыл бұрын

    Is there any chance someone can investigate Pandora Cash They claim to be 'super duper private and cool' but it just doesn't pass the sniff test yet

  • @musto87
    @musto872 жыл бұрын

    Why do I have this feeling you've gone short on Luna? Because everytime you look ag the chart your laughing, with your knowledge it was the best decision, if you did though.

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    Nah, we don’t trade crypto

  • @kronalord3764

    @kronalord3764

    2 жыл бұрын

    @@CryptoCriticPod makes sense seems like a solid integrity decision and right now also a solid financial one

  • @morrisj23
    @morrisj23Ай бұрын

    Watching this with hindsight. I can appreciate how Brett kinda 95% felt like Luna was never going to re-peg and Cass moderated with a lil optimism and hope that the egregious moral hazard of a rapidly debasing stable hopefully wouldn’t happen 😂

  • @benjaminaristotleboes3157
    @benjaminaristotleboes315710 ай бұрын

    Rick Sanchez huh????? 🤣🤣🤣

  • @orelusigbenga5729
    @orelusigbenga5729 Жыл бұрын

    i cant be the only one here for hw

  • @CryptoCriticPod

    @CryptoCriticPod

    Жыл бұрын

    For homework?

  • @ModernHorrorGaming
    @ModernHorrorGaming2 жыл бұрын

    Came here after pumping zilla,

  • @JoeBidenFanclub99
    @JoeBidenFanclub992 жыл бұрын

    if micro strategy fails it will be hilarious.

  • @Caddrel

    @Caddrel

    2 жыл бұрын

    they are so exposed it's hard to believe

  • @tendosingh5682
    @tendosingh56822 жыл бұрын

    The remaining funds they have include selling off any btc should be put into a token pool and distributed/airdropped to all luna holders. That way we get back something and prevents wasting what little they have on a dead project.

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    No. It should go to UST holders. Luna holders knew they were the dilution source for UST value

  • @CryptoCriticPod

    @CryptoCriticPod

    2 жыл бұрын

    And they were the ones making governance decisions and deciding the way the protocol should function

  • @o236sama
    @o236sama2 жыл бұрын

    For the love of God speak into the mic !!!

  • @AeQuitaS28
    @AeQuitaS282 жыл бұрын

    The smiles throughout this is weird...

  • @Caddrel

    @Caddrel

    2 жыл бұрын

    there's a certain absurdity to crypto that is hard not to laugh at. like promising 18% returns on a financial investment is just unsustainable, it's completely obvious and yet people reply "that's FUD, have fun staying poor"

  • @AeQuitaS28

    @AeQuitaS28

    2 жыл бұрын

    @@Caddrel When thousands of retail investors have lost everything, including their lives, it's a weird time to "laugh at the absurdity".

  • @TheRealJellyBomb

    @TheRealJellyBomb

    6 ай бұрын

    ​​@@AeQuitaS28If it's fun to laugh at idiots putting their life savings on red at the casino, it's funny to laugh when the little ball lands on black.

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