Inside Crypto’s Largest Collapse with Terra Founder Do Kwon | Coinage Episode 0 Part I

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  • เผยแพร่เมื่อ 28 เม.ย. 2024
  • Do Kwon, the founder of Terraform Labs and creator of the Terra blockchain, sits down to be interviewed for the first time since the crash of his crypto empire to tell his side of the story to Coinage on the record.
    Our host lost money in Terra. And Terraform Labs was an investor in this show’s production company. So, yeah, to put it lightly, many of us have been trying to get all kinds of answers for months now. Because Terra failed. There’s no getting around that.
    It’s just hard to believe that the man smart enough to create Terra, could’ve been so blind to its flaws. Which begs the question we've been trying to answer ourselves: Can we trust Do Kwon? What did he know, and when? And does how Terra failed, rise to the level of fraud?
    So we’re going straight to the source.
    Read our full, award-winning story: www.coinage.media/s1/inside-c...
    Watch Part II here: • Terra founder Do Kwon ...
    - - - - - - - - - - - - - - - - - - - - - - - - - - - -
    00:00 - Intro
    01:50 - Terra Explainer
    10:02 - Do Kwon Interview - Day 1
    19:00 - Overnight Terra co-founder Daniel Shin's Home Is Raided
    20:02 - Do Kwon Interview Day 2
    28:36 - Conclusion
    #LUNA #crypto #cryptocurrency #cryptonews #lunc #luna2
    - - - - - - - - - - - - - - - - - - - - - - - - - - - -
    Coinage is a community-owned NFTV series answering crypto's biggest questions. You can learn more about the project at www.coinage.media/ and mint a FREE Subscriber NFT to watch ad-free and help create better crypto content. Sign up for our Caucus NFT pre-mint for a chance to win a free NFT and be first in line to co-own the show with us!
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    - - - - - - - - - - - - - - - - - - - - - - - - - - - -

ความคิดเห็น • 653

  • @FoNgThOnG
    @FoNgThOnG ปีที่แล้ว +78

    So this is basically the "we investigated ourselves and we found no fault in ourselves, thank you. Give us money." interview.

    • @user-ec5uy2rp5v
      @user-ec5uy2rp5v ปีที่แล้ว

      That’s the point.

    • @hqcart1
      @hqcart1 ปีที่แล้ว

      give your money? did you know there is a risk involved when investing or you're playing dump?

    • @-Bogdan
      @-Bogdan ปีที่แล้ว

      Tell black rock this

    • @udittlamba
      @udittlamba ปีที่แล้ว

      @@hqcart1 does risk being involved means you are are free to be scammed? what libertarian hellscape is this?

  • @DavidLee-nx9vc
    @DavidLee-nx9vc ปีที่แล้ว +59

    why does the interviewer has a perma smile?

  • @masterkeymusica6645
    @masterkeymusica6645 ปีที่แล้ว +66

    This is joke, not a interview, they tried to clean Do Kwon image, is an insult to us.

    • @spacecat1725
      @spacecat1725 ปีที่แล้ว +2

      His image will never be clean! Dokwon is an image of corruption! Luna Inu is painting a vivid image of just that! Dokwon destroyed millions of lives and that’s just something Luna Inu will not tolerate! We are restoring hope! We are LINU!

    • @ConvictedMarketer
      @ConvictedMarketer ปีที่แล้ว +2

      yea exactly TFL owns Coinage. We need an unbiased interview

    • @coinage_media
      @coinage_media  ปีที่แล้ว

      We asked more questions in Part 2 of the interview: th-cam.com/video/YF_MZvD5ao4/w-d-xo.html

  • @aylessmith1263
    @aylessmith1263 ปีที่แล้ว +171

    You didn't even ask the juicy questions. We pretty much already knew everything that was said in this interview. What you should've asked him were his plans going forward. What does he have in store for LUNA 2.0? Will USTC be repegged? Will he continue making another stablecoin? Does he know what's going on with $LUNC and what are his thoughts on Terra Rebels? Cmon man you had a good opportunity to finally interview him and you blew it.

    • @MrGwilz
      @MrGwilz ปีที่แล้ว +23

      It's pretty obvious that he agreed to answer to some questions and not to others. You can just tell by the editing and cuts during the interview. Someone else will have that opportunity eventually

    • @eduardoguerrero4129
      @eduardoguerrero4129 ปีที่แล้ว +8

      you are in way to deep. we got rugged.

    • @AwtaMadik
      @AwtaMadik ปีที่แล้ว +3

      He's going to milk this series out for all the money they can get. Out of all the places he could of gone to for his first public interview he went with coinage... interesting.

    • @praszu
      @praszu ปีที่แล้ว +9

      This interview was rigged.

    • @rulee007
      @rulee007 ปีที่แล้ว +4

      Facts

  • @maxxus01
    @maxxus01 ปีที่แล้ว +61

    let me save you time, interview start: 9:57

    • @coinage_media
      @coinage_media  ปีที่แล้ว +3

      For those who know what happened at Terra, this is a great comment. We added an explainer at the beginning because our show is for everyone, not just crypto natives. We want to level the playing field in Crypto and help a mainstream audience understand why they should care about this technological frontier. The Crypto space is filled with hard-to-understand jargon that is abrasive and confusing to a mainstream audience, often purposefully if we’re being honest. That is why Coinage is here! Thanks Stutterrob!

    • @javierfranco07
      @javierfranco07 ปีที่แล้ว +6

      let me save you time, interview is worthless

    • @maxxus01
      @maxxus01 ปีที่แล้ว +3

      @@coinage_media the only way this channel could have picked up was by running do kwon over, and actually asking him the questions he didn't want asked. interview was concentrated trash with the soft ball questions and avoidance of the problems core.
      you shot this channel in the brain, before it even started!! lmfao

    • @Jack-iv5pi
      @Jack-iv5pi ปีที่แล้ว +1

      @@coinage_media you added an "explainer" to minimise Do Kwons role in the lead up to the crash and to steer the narrative away from fraud ("it wasn't big enough", "one well timed trade", etc) - if you cared about setting the scene you would have started with Do Kwons previous stablecoin flop, or his friend's previous stablecoin flop, and then showed do kwon still blindly declaring terra indestructible and verbally abusing the many people who publicly questioned his overconfidence in UST and the anchor rates - and there were plenty.
      This "nobody could have foreseen what happened" narrative is straight from Do Kwon's lawyers and this is so crucial to his defence case that you spend a third of the "interview" selling that nonsense before you even let little Do show his face.
      NB he doesn't say sorry at any point - also likely from his lawyers. This is a carefully coordinated piece of propaganda, it just looks good because he is a billionaire so can afford the best.
      @Coinage shame on you guys tbh, especially if your team members actually did have people that k***ed themselves over this.

    • @coinage_media
      @coinage_media  ปีที่แล้ว

      @@maxxus01 We're not interested in "running" anyone over. We're interested in uncovering objective facts. Rare in crypto sometimes, we know, but you'll learn to love them.

  • @dutelatte2154
    @dutelatte2154 ปีที่แล้ว +144

    They're smiling and he's so calm, you can see his life wasn't as affected as many of the people that lost all with the depegging of UST. They're in a super amazing office, with a nice view, aaah what a greateful life.

    • @KennyL89
      @KennyL89 ปีที่แล้ว +10

      Well you also can't blame anyone else but yourself when going all-in a single asset, no matter what asset that is. There is probably no single entity on earth that lost more than Do himself in nominal terms, he probably 'only' had 99% in LUNA instead of 100%. Which would be the right thing to do anyway.

    • @dutelatte2154
      @dutelatte2154 ปีที่แล้ว +7

      @@KennyL89 Personally I wasn't all in, but saying you can't blame anyone else is just an excuse, because anchor was being promoted as a "savings account" with ust which was a "stablecoin" and as you see a lot of smart people lost money there, so what would you say about the average user? If you lose 100 million but you still have 100 million is also different than losing all your money.

    • @michaelhuang7007
      @michaelhuang7007 ปีที่แล้ว +2

      Did they say it was Do's office they were in?

    • @dutelatte2154
      @dutelatte2154 ปีที่แล้ว +4

      @@michaelhuang7007 does it matter? If you eat at an expensive restaurant does it have to be yours?

    • @yourbestfriend6088
      @yourbestfriend6088 ปีที่แล้ว

      #lunainu $linu will bring hope back to the luna holders

  • @mcbain1131
    @mcbain1131 ปีที่แล้ว +87

    Love how he dodged the question about how much he has since the luna crash

    • @OfficialGOD
      @OfficialGOD ปีที่แล้ว +4

      Well tf we gonna do about it, probably close to a billion

    • @jay-ov6vh
      @jay-ov6vh ปีที่แล้ว +3

      lets be real, this dude is set for life no matter what happens

    • @Jack-iv5pi
      @Jack-iv5pi ปีที่แล้ว +2

      About $3bn in missing TFL Bitcoin 👀

    • @ArturoGarzaID
      @ArturoGarzaID ปีที่แล้ว +1

      Yeah, you know he covered his ass. Soon as he got wind of what was happening he probably joined in and sold everything for dollars lol.

    • @jay-ov6vh
      @jay-ov6vh ปีที่แล้ว +1

      @Luna-tic you’re assuming he didn’t short the coin on the way down, which there’s a lot of evidence that alleges he did. You’re also assuming he didn’t cover his ass before it fully collapsed. You’re then also forgetting he has a V2 coin that already has VC funding. He’s good he’s smart enough to know to take money out of the liquidity while things were good.

  • @abote
    @abote ปีที่แล้ว +41

    So a guy from a company which Terrafrom Labs was an investor in is the first one to get an interview with Do Kwon, and blames the failure of UST to it "not being big enough"? Seems legit...

    • @T4kehiko
      @T4kehiko ปีที่แล้ว +1

      He said the exact opposite as I remember (i.e. being too big).

    • @sage011111
      @sage011111 ปีที่แล้ว +2

      he said it was too big, learn to comprehend what you hear 😂😂

    • @Jack-iv5pi
      @Jack-iv5pi ปีที่แล้ว +5

      @@T4kehiko 🤦‍♂️🤦‍♂️did you even watch it

    • @Jack-iv5pi
      @Jack-iv5pi ปีที่แล้ว +2

      @@sage011111 might wanna listen again bud..

    • @anikethhotagi
      @anikethhotagi ปีที่แล้ว +3

      @@sage011111 But he literally says 'In case of hindenburg, you wouldn't say 'it wasn't big enough', but in case of Terra, that is that case'. What are you even talking about ? 😂

  • @nowisdumb9773
    @nowisdumb9773 ปีที่แล้ว +58

    Summary:
    “Do Kwon feels Terra-ble”
    You’re welcome. I saved you 29 minutes of your life.

    • @naxwit
      @naxwit ปีที่แล้ว +1

      Best comment here

    • @David-vq1pn
      @David-vq1pn ปีที่แล้ว

      🤣

    • @mtgrez
      @mtgrez ปีที่แล้ว

      thanks.

  • @ViralHub1
    @ViralHub1 ปีที่แล้ว +4

    Interpol is now looking for you, Do Kwon, every dog has its day.

  • @venividivici3653
    @venividivici3653 ปีที่แล้ว +26

    Why smile/smirk while asking him questions? It's a serious matter what has happened.

    • @treidchimney
      @treidchimney ปีที่แล้ว +5

      because he still living in a delusion of grandeur (aka "entertaining alter ego").. he truly believes he will walk away from this totally free ... others don't think so

    • @venividivici3653
      @venividivici3653 ปีที่แล้ว +5

      @@treidchimney I just wish the interviewer was more serious about it. I wonder where all this stand within a year from now.

    • @boom_headshot
      @boom_headshot ปีที่แล้ว

      @@venividivici3653 he has a natural shit eating grin, he can’t help it

    • @T4kehiko
      @T4kehiko ปีที่แล้ว

      I think it's just being himself. Some people smile a lot even when talking about serious topic. He was talking about losing a small fortune in this project and knowing someone whose friend committed a suicide because of this. He's aware of the seriousness of this situation.

    • @treidchimney
      @treidchimney ปีที่แล้ว

      @@T4kehiko you may well be right

  • @babaislivestreaming5629
    @babaislivestreaming5629 ปีที่แล้ว +10

    Am I the only one noticing the journalist smiling while mentioning the suicides of Terra investors ?

    • @Jack-iv5pi
      @Jack-iv5pi ปีที่แล้ว +2

      Yeah! Wtf!!

    • @katekim5873
      @katekim5873 ปีที่แล้ว +1

      Noticed that too. pretty psychopathic

  • @vubot1
    @vubot1 ปีที่แล้ว +35

    My question - How much did Do Kwon cash out to fiat. What is his current net worth? If he lost $4 billion, but still cashed out $500 million in profits, then he's a thief. Return it to the people that trusted.

    • @j__.adam69
      @j__.adam69 ปีที่แล้ว

      Lmao return it to who? Rest !

    • @thekinaton
      @thekinaton ปีที่แล้ว

      No way of finding.. it's in wallets with Binance

    • @odelacruz93
      @odelacruz93 ปีที่แล้ว +2

      He cashed out 2.9 billion thanks to abracadabra money.

    • @user-cp6qr5ug7d
      @user-cp6qr5ug7d ปีที่แล้ว +2

      2 billion at least.

    • @spacecat1725
      @spacecat1725 ปีที่แล้ว

      Rediculous. This whole interview is embarrassing. Why trust in a ecosystem that is ran by this clown. Dokwon ruined millions of lives due to his corrupt actions. Luna Inu is here for those impacted by Luna and Dokwon. Linu is restoring the trust that was broken and offering a safe space for your future investment.

  • @michaelhuang7007
    @michaelhuang7007 ปีที่แล้ว +10

    My take:
    - You don't just develop an alterative entertaining ego to match the community. Vitalik doesn't hype up the ETH maxis - he's well rounded enough to even write up an essay on why being a BTC maxi isn't bad. You had the chance to prevent the cult of Terra from happening and you didn't.
    - Ok if you're in crypto, you know everything happens in cycles. The macro economy happens in cycles. The world happens in cycles. Did you really think BTC was going to stay at highs forever? Yes Do admitted to being wrong but was there really no one around him that questioned how dumb of a perspective that was?
    - Does it really take that long to answer what fraud is? Terra/Luna may have had fraud but Anchor may be a different story...

  • @ahnistyle
    @ahnistyle ปีที่แล้ว +12

    Do Kwon is an brazen human being. Look at the lies from the very beginning of the interview. This case is based on a clearly moral issue.

  • @guillaumeloriot9923
    @guillaumeloriot9923 ปีที่แล้ว +9

    you spent 2 days with th guy and didn't even ask him what is his plan for luna2.0 or lunc ??? Or if he is aware of the efforts the community put on to clean the mess? If he his going to help the community that rallied behind him before all this?
    There was some interesting questions but you didn't ask what literaly everyone expected you to ask...

    • @Jeanneellis2000
      @Jeanneellis2000 ปีที่แล้ว +1

      Luna 2.0 is that kind of like following a lunatic for a second time?

    • @coinage_media
      @coinage_media  ปีที่แล้ว +1

      This was only a part of our 2-day interview. More clips are coming. For more, visit www.coinage.media/s1/inside-cryptos-largest-collapse-with-terras-do-kwon

  • @je9625
    @je9625 ปีที่แล้ว +5

    Someone deployed $800M to attack and depeg UST. Who did this ? Why didn't you raise this issue ?

    • @coinage_media
      @coinage_media  ปีที่แล้ว

      We discussed that in detail in Part 2: th-cam.com/video/YF_MZvD5ao4/w-d-xo.html

  • @nevadascaredme7436
    @nevadascaredme7436 ปีที่แล้ว +9

    The interviewer seems smug

  • @adamlee9347
    @adamlee9347 ปีที่แล้ว +7

    Starts at 10:00
    (As mentioned in the description)

  • @gwanwoo1909
    @gwanwoo1909 ปีที่แล้ว +5

    He is still alive?

  • @noel9974
    @noel9974 ปีที่แล้ว +3

    The best he assumes his responsibility.
    The worst, at no time does he or the interviewer refer to the Luna Classic Chain, the currency that they left aside and was destroyed by UST.
    Thanks to Terra Rebel and his community, Luna Classic Chain is rising from the ashes. Finally TFL has helped with the implementation of the codes, that is appreciated.

  • @gohn_galt7056
    @gohn_galt7056 ปีที่แล้ว +4

    It’s like Do Kwon paid for that interview. Too sweet.

  • @MrMadmatt13
    @MrMadmatt13 ปีที่แล้ว +8

    I hope he renders account to the justice.
    I would've liked to hear about his expectations about the future of these 2.0 thingies he release afterwards and whether he believes the damage will be compensated somehow overtime

  • @WillpowerCinema
    @WillpowerCinema ปีที่แล้ว +2

    "I thought the product could do nothing....." and he replies "Exactly"....that was a good jab

  • @spilz969
    @spilz969 ปีที่แล้ว +5

    Why on earth are you smiling throughout this interview? This is so serious.

  • @psy-lion
    @psy-lion ปีที่แล้ว +3

    How is this man still not behind bars?

    • @cheenouthao3670
      @cheenouthao3670 ปีที่แล้ว

      Because he is in Singapore! If he goes back to South Korean he will be meet with police escort.

  • @kiraksohn4411
    @kiraksohn4411 ปีที่แล้ว +8

    I know I can’t imagine how people who lost big feel about it, but the interview was fair. It’s not an interrogation.
    Looking forward to the 2nd part

    • @coinage_media
      @coinage_media  ปีที่แล้ว +1

      Thank you. You can watch Part 2 here: th-cam.com/video/YF_MZvD5ao4/w-d-xo.html

    • @12801270able
      @12801270able ปีที่แล้ว +1

      This was a puff piece. Do Kwon funds Coinage, and the questions thrown at him were softballs and not rigorous.

  • @movinon1242
    @movinon1242 ปีที่แล้ว +3

    I posted this on part 2 as well:
    Do Kwon is unwilling to pursue the people who destroyed $60 Billion worth of equity he was resposible for, and triggered the destruction of $1 Trillion worth of equity across the entire cryptocurrency ecosystem.
    He isn't even INTERESTED in any sense of justice, accountability or even recognition of who these bad-faith actors were.
    If nothing else, confidentiality agreements, fiduciary agreements were violated, breaching the law. Or they were illegally surveilled, conspiracy was comitted.
    It wasn't just a series of clever trades and use of leverage.
    Who would ever entrust him with any fiduciary or operational responsibility of an enterprise of any type ever again?

  • @winnalday
    @winnalday ปีที่แล้ว +1

    So much for decentralized money. In the end he said it himself, it all hinged on a single, centralized point of failure, Do Kwon himself.

  • @R00oo7
    @R00oo7 ปีที่แล้ว +2

    8:45 "the helium that was floating the digital dirigible caught fire" Lol, that is literally the best (or worst) description of a black swan i have ever heard.

    • @chicagocarl
      @chicagocarl ปีที่แล้ว +3

      worst - helium is not flammable.

    • @coinage_media
      @coinage_media  ปีที่แล้ว

      Thanks, we were proud of that joke. Even though it was technically hydrogen. :)

    • @coinage_media
      @coinage_media  ปีที่แล้ว

      @@chicagocarl +1 inert gas fans

  • @syn7048
    @syn7048 ปีที่แล้ว +6

    Lmao you guys are in the same company, very reliable information🤪

  • @GIFX69
    @GIFX69 ปีที่แล้ว +20

    thanks for this interview
    TDLR : his answer to the worst crash in crypto history is that he feels guilty but "it is what it is".
    The dude is a psychopath and a scammer and I cannot wait for him to be jailed

    • @thekinaton
      @thekinaton ปีที่แล้ว

      He won't get to jail... He is a wanted man . You don't Rob billionaires and walk free.. They don't like losing money

    • @Glhaw
      @Glhaw ปีที่แล้ว

      LOOOOOL sounds like someone got rekt.

    • @coinage_media
      @coinage_media  ปีที่แล้ว

      There's a bit more to that in Part 2: th-cam.com/video/YF_MZvD5ao4/w-d-xo.html

  • @forreal1276
    @forreal1276 ปีที่แล้ว +2

    I can’t tell if that’s a genuine smile or just a smirk
    I see kwonzi is practicing to be a sumo next

  • @Jack-iv5pi
    @Jack-iv5pi ปีที่แล้ว +6

    This is a PR/image restoration piece dressed as journalism. Ridiculous, this guy is coming for more

    • @coinage_media
      @coinage_media  ปีที่แล้ว

      You can watch Part 2 for more questions into the collapse here: th-cam.com/video/YF_MZvD5ao4/w-d-xo.html

    • @Jack-iv5pi
      @Jack-iv5pi ปีที่แล้ว +1

      @@coinage_media lol I'm not gonna watch anything your channel makes again after this

  • @churchkey1503
    @churchkey1503 ปีที่แล้ว +5

    Looking forward to watching this.

    • @coinage_media
      @coinage_media  ปีที่แล้ว +1

      Excited for the reactions!

    • @kk-rp6yw
      @kk-rp6yw ปีที่แล้ว +1

      @@coinage_media lol ok scammers.

    • @maxxus01
      @maxxus01 ปีที่แล้ว

      dont lol

    • @Jack-iv5pi
      @Jack-iv5pi ปีที่แล้ว

      @@coinage_media have to say this is one of the slickest pieces of propaganda/PR I've seen in the crypto space. So I guess congrats for that?! Pretty messed up that you're willing to base your channel on this premise, iffy start! Good money though I'm sure

    • @coinage_media
      @coinage_media  ปีที่แล้ว

      Don't forget to watch Part 2: th-cam.com/video/YF_MZvD5ao4/w-d-xo.html

  • @jaimeaguirre4424
    @jaimeaguirre4424 ปีที่แล้ว +4

    The interviewer's smirk throughout the whole thing is annoying

  • @subcitizen2012
    @subcitizen2012 ปีที่แล้ว

    Some sort of shorting mechanism to help counteract the losses would've been neat. Go ahead and short it, watch it repeg. The vision was short sighted, did not think of everything. Oh well. Godspeed everyone, you're still alive and have time. In the end, everything will eventually go to zero, the fiat, every empire, the sun, and yes, the Luna.

  • @Philson
    @Philson ปีที่แล้ว +1

    When was this interview done?

    • @Jack-iv5pi
      @Jack-iv5pi ปีที่แล้ว

      Whenever his friend got raided I guess? Also Do Kwon refers to the crash as being 6 weeks prior

  • @chrisrock1325
    @chrisrock1325 ปีที่แล้ว +2

    This dude is the man keep making more videos

  • @NEVTUBE.
    @NEVTUBE. ปีที่แล้ว +2

    Great questions were asked but this guy is way too smart to catch but the only lie I caught is that he never shorted any crypto in his entire life.

    • @coinage_media
      @coinage_media  ปีที่แล้ว

      We caught more in Part 2: th-cam.com/video/YF_MZvD5ao4/w-d-xo.html

  • @johndough7039
    @johndough7039 ปีที่แล้ว +2

    the smiles on his face are very disrespectful to those that lost so much, do kwon HALL OF SHAME!!!!!!!!!!!!

  • @jono3500
    @jono3500 ปีที่แล้ว +9

    Interesting that he never apologizes and doesn't feel the need to. All about he feels guilty, he feels bad, no apology to people he cost millions. All about himself - a real sociopath

    • @timurxyd3855
      @timurxyd3855 ปีที่แล้ว

      What's the point in apologizing

    • @seea8151
      @seea8151 ปีที่แล้ว +2

      he said "for a brief moment, I was the most hated person..".. seriously, a brief moment, he ruined the whole market. zhu su hated him the most ?

    • @KennyL89
      @KennyL89 ปีที่แล้ว

      If not saying sorry is the only message you got from this interview, that says more about you than about Do.

    • @jono3500
      @jono3500 ปีที่แล้ว +1

      @@KennyL89 okay

    • @jono3500
      @jono3500 ปีที่แล้ว +1

      @@timurxyd3855 what is the point of him saying he feels bad?

  • @Mint-kj9kw
    @Mint-kj9kw ปีที่แล้ว +3

    I think the person (or people) that purposely brought Terra Luna down WILL be brought to justice. I think they will implement burns for Terra Luna Classic. I think that LUNC will fly past a penny and people will have their fortunes restored. Right now, you can grab 10,000,000 LUNC for $1000. Its a no brainer.

    • @GadisBaliLivesAbroad
      @GadisBaliLivesAbroad ปีที่แล้ว +1

      It's astounding there are people that still believe in this scammer.

    • @maximus7618
      @maximus7618 ปีที่แล้ว

      You're absolutely wrong. It is around 3.5 mil.

  • @klum03
    @klum03 ปีที่แล้ว +2

    What really happened to the 1 or 2 billion of BTC is also a very important question? How exactly was it used?

    • @renanmarcondess
      @renanmarcondess ปีที่แล้ว

      It was all sold when ust started depegging, furthering the fall of bitcoin and worsening the death spiral. It’s all on chain I believe.

    • @justaguy3465
      @justaguy3465 ปีที่แล้ว

      I thought he traded UST for the bitcoin on a dark pool.. and whoever he gave all that ust too, dumped it causing a depeg..

    • @klum03
      @klum03 ปีที่แล้ว

      @@renanmarcondess surely you wouldn't have just sold $1.5billion and then realised 'oh it's not working, we aren't able to keep peg'. We are not talking about $100.
      Surely there are very sophisticated ways of testing the water. For example trying $10 million, then increasing to $20million if that's not working then you stop and save the rest of the money.
      Surely there are not that many stupid people at TFL that kept throwing good money after bad money until all $1.5 Billion had disappeared.
      It just doesn't make sense to say they threw the whole $1.5 billion at it and have nothing to show.

  • @johndough7039
    @johndough7039 ปีที่แล้ว

    how did you get this interview with less than 2k subs?

  • @davel4030
    @davel4030 ปีที่แล้ว +1

    If you put everything into a speculative coin and lost it all, that's on you. Everyone says not to put all of your eggs in one basket. Don't blame the basket maker. Kwon is a genius that took some risks and got attacked, he's still a genius with great ideas. Decentralized unified stable coins is(are) the perfect money for our future.

  • @dp9813
    @dp9813 ปีที่แล้ว

    Peut-on avoir les sous titres en français ?

  • @inversebrah
    @inversebrah ปีที่แล้ว +3

    no one cares how kwon feels. kwon has blood on his hands and needs to pay for his crimes, full stop.

  • @T_T-the-Animation
    @T_T-the-Animation ปีที่แล้ว +2

    lol 1.4k Likes and 1.4k Dislikes... This video is a stable video.

  • @ozankirsallioba
    @ozankirsallioba ปีที่แล้ว +2

    It was a nice interview. But the real question has not been asked. What will happen next? When will the LUNC burn happen? Will the community's trust be regained?

  • @chrisrock1325
    @chrisrock1325 ปีที่แล้ว +3

    Everyone’s watched first 48 and if you just read his body language you already know your answer.
    Words don’t matter it’s the reaction and how they act about topics.

  • @CharIie83
    @CharIie83 ปีที่แล้ว

    look at eth, a proper burn function would unlike it, store the taxes inside the stability of the chain. I think its a good concept

  • @avarkirec819
    @avarkirec819 ปีที่แล้ว +1

    please add subtitle !

  • @asanka4131
    @asanka4131 ปีที่แล้ว +2

    You didn't ask the most important question, which is his connection to Basis Cash.

    • @coinage_media
      @coinage_media  ปีที่แล้ว

      Asked and answered extensively in Part 2: th-cam.com/video/YF_MZvD5ao4/w-d-xo.html

  • @TheRussianFloofCat
    @TheRussianFloofCat ปีที่แล้ว

    So are we gonna talk about how Do Kwon actively incited for the exact kind of attack that brought down Luna in the first place?

  • @jagjitventures2610
    @jagjitventures2610 ปีที่แล้ว +1

    Funny how Guz has not asked him a single question on what he will do to pay his debt. Not once has Kwon admitted he plans to pay back people who lost savings. I think his time is shrinking and whoever gets kwon extradited will have last laugh. If kwon doesnt commit to paying back, there is literally no workaround it.
    Kwon cannot just say he will build for the next 20 years, without paying his debt. He will end up in prison for the next 20 years or more and i am afraid time is running out for him. His deputy fleece needs to build the interface he promised soon and give something, like return the lost UST assets immediately or promise to return in the future with a date around it.

    • @coinage_media
      @coinage_media  ปีที่แล้ว

      We asked about this in Part 2 of the interview: th-cam.com/video/YF_MZvD5ao4/w-d-xo.html

  • @yahbin77
    @yahbin77 ปีที่แล้ว +1

    Victim: Hey, you destroyed my life savings.
    Do Kwan: :-) Nah.. just a steep learning curve.

  • @junghoonban
    @junghoonban ปีที่แล้ว +1

    Your money is not disappeared. But in the pocket of Do kwon.

  • @mcnobody1012
    @mcnobody1012 ปีที่แล้ว

    What does that mean for a USTC holder in Nexo? I even lost my small airdrop of Luna 2.0 {nowhere near the amount of loss} due to the domino effect of Liquidations 🤦🏻‍♂️

  • @Systm_flur
    @Systm_flur ปีที่แล้ว +1

    "my default answer is always gonna be i fell terrible" *the face full of smile. "I ate a half burrito" *more fat than ever

  • @arvinmorato8445
    @arvinmorato8445 ปีที่แล้ว

    I think zac is about to punch do's face when he asked how do you define fraud?

  • @TiaanKruger
    @TiaanKruger ปีที่แล้ว +3

    This is a REAAAAALLY edited interview.
    Obviously not the tough questions, but being edited this much (SOOOO many cuts) makes it look bad.
    I appreciate cutting out the boring stuff, but something like this really needs an unedited interview

    • @TiaanKruger
      @TiaanKruger ปีที่แล้ว

      the second part is atleast a bit better to be fair

    • @jovanicasares19
      @jovanicasares19 ปีที่แล้ว

      A bit better is not enough just don’t edit wtff

    • @coinage_media
      @coinage_media  ปีที่แล้ว

      Our goal was to present the narrative to a mainstream audience and save some of the deeper in the weeds material for Part 2: th-cam.com/video/YF_MZvD5ao4/w-d-xo.html

  • @anmolrai8095
    @anmolrai8095 ปีที่แล้ว +2

    There were no burn question by you ?

  • @whale4866
    @whale4866 ปีที่แล้ว +2

    How can you “not know what happened” during the week of your companies $42 Billion dollar collapse? Couldn’t answer how much he lost.

  • @youngnewyork8495
    @youngnewyork8495 ปีที่แล้ว +1

    Sooooo, what’s gonna happen to LUNC and USTC?

  • @Blackwolf0051
    @Blackwolf0051 ปีที่แล้ว +1

    Can someone highlights the important parts

  • @abddfa5234
    @abddfa5234 ปีที่แล้ว +1

    Terra and luna “stable coin” is misnomer. You never build your speculative asset on another speculative asset, depegged is depegged.

  • @Trigon-ji9bm
    @Trigon-ji9bm ปีที่แล้ว +2

    i'll get you even if you're in jail you won't get out alive do kwon no matter where you are i'll find you !

  • @rickyooo
    @rickyooo ปีที่แล้ว

    16:09 - 17:09 Everything was a blur for 8 days and 7 nights BUT i do remember eating HALF A BURRITO and calling ppl for couple days after the halt. LOL. Contradictory at its finest LOL

  • @benicia21
    @benicia21 ปีที่แล้ว

    sweet interview series bro. will you be dropping the SBF interview soon?

    • @coinage_media
      @coinage_media  ปีที่แล้ว +1

      little hard to interview someone who is on trial lol but we might try!

  • @maximecaty7118
    @maximecaty7118 ปีที่แล้ว +4

    Presenting the biggest crypto collapse ever with an huge smile from a condo with insance singapore view
    Can you be more guilty ?

    • @jovanicasares19
      @jovanicasares19 ปีที่แล้ว

      Maan this guy needs to be locked up I hate his face his Why can’t they just take everything away from him

  • @AbduMad
    @AbduMad ปีที่แล้ว +1

    4:50 its funny that you mentioned another failed stablecoin that Do Kwon was a co-founder of

    • @abaldopayardu2660
      @abaldopayardu2660 ปีที่แล้ว +1

      It was revealed even before Terra's collapse, I entered crypto September 2021 and knew Do kwon had worked on a stable coin before but I never had time and experience about depeg's and crypto as whole. My family has lost a lot of money in Terra's collapse but i wouldn't put more shade on this person about his past project as if it was hid from the world when it wasn't. Atleast by December 2021 I read about his previous project, You could also find it on one of crypto banters video as well.

  • @mek4057
    @mek4057 ปีที่แล้ว

    Neden altyazı yok herkes İngilizce bilmek zorunda değil ??

  • @andretheG
    @andretheG ปีที่แล้ว

    What is the war room?

  • @melapostol3265
    @melapostol3265 ปีที่แล้ว +1

    So wer the money goes then?who benefited the crash?

  • @Littlepandagamers
    @Littlepandagamers ปีที่แล้ว +3

    Just a suggestion if u can add English sub, and other language sub,I'm sure you will get more views =]

  • @DoglinsShadow
    @DoglinsShadow ปีที่แล้ว +2

    The interviewer is smiling so wide… Almost as if Do Kwon handed him the script… Hmm… Check out coffeezilla’s video. Seems this interview isn’t so fair.

    • @coinage_media
      @coinage_media  ปีที่แล้ว

      Hi! While that video was mostly accurate-- Do Kwon wasn't "the" investor of our parent company. We have many crypto investors from earlier this year, including SBF, John Wu, and many others. So while that relationship might have gotten us the interview, that's where the relationship ended. We never shared any questions with Do prior to the interview (you can tell based on the multiple pauses he gives and a few moments where Zack corners him), and Do Kwon did not see the video before publishing. We completely understand any skepticism. We were the first to disclose he was one of the investors because we knew that this came with skepticism. But we encourage you to watch part 2 and read our thread on the bias at hand before coming to a conclusion from another TH-camr. twitter.com/zGuz/status/1559324188707639296

  • @x-file1687
    @x-file1687 ปีที่แล้ว +2

    Hi, coinage. Can I provide this video with subtitles to Koreans? I will put a link on your channel so that Koreans can visit.

  • @Mskedu47
    @Mskedu47 ปีที่แล้ว +2

    What about all of the bitcoin he stashed away for himself during the implosion?

  • @stevepearce5957
    @stevepearce5957 ปีที่แล้ว

    Interesting how when asked about Theranos, he didn’t know about it, but when the interviewer made the comparison, his ego quickly went to the defence, and suddenly he knew all the details of Theranos, explaining why his creation is not like Theranos. Questionable credibility IMO

  • @jelleoldenhof3883
    @jelleoldenhof3883 4 หลายเดือนก่อน

    I was unfamiliar with this guy doing the interview, he is só good, every question and the sentiment is exactly right, at the right time 👏👏👏

  • @fxCubeID
    @fxCubeID ปีที่แล้ว

    Thank God, he still has a Toyota Alphard in his garage 👍👍

  • @charles3022
    @charles3022 ปีที่แล้ว

    I think asking questions about the “manner in which you spoke” - referring to Do responding to people in an arrogant way is ridiculous- at the time all the Lunatics, including this interviewer were rallying behind Do on the Luna buzz, loving his disruptive manner.

  • @RedDoorPaintedBlack.
    @RedDoorPaintedBlack. ปีที่แล้ว +2

    Comparing the Hindenberg and Titanic to this is a bit tasteless.

  • @freman75
    @freman75 ปีที่แล้ว

    Do Kwon knew before anybody else that the collapse of Luna was coming. He had time to send some billions to an offshore account.

  • @Bredo-B
    @Bredo-B ปีที่แล้ว +4

    I ididn't even lose any money on luna, but this constant smirk on the interviewer's face is just so disrespectul. Bleghhh

  • @HiGHtoshi
    @HiGHtoshi ปีที่แล้ว

    Bruh do kwon cappin about that one burrito in 8 days my guy looks like he put on a few😂

  • @paul2192
    @paul2192 ปีที่แล้ว

    how about ask “why did you withdraw 80 million per month just before the crash?”

  • @lo8252
    @lo8252 ปีที่แล้ว +1

    ok I need PRICE TO GO UP. like VERY SOON.
    I cant take this anymore. every day I am checking price and it is staying the same. every day, check price, same price. I cant take this anymore, I have over invested, by a lot.
    it is what it is. but I need the price to GO UP ALREADY.
    CAN DEVS DO SOMETHING??

    • @Redsoxman9991
      @Redsoxman9991 ปีที่แล้ว +1

      Why would you expect it to go up? I’m sorry to say, but the fundamental value simply is gone and with high probability will not be returning.

  • @bitesgiga6254
    @bitesgiga6254 ปีที่แล้ว

    You should ask can luna classic hit $1 ,?

  • @zaytalia
    @zaytalia ปีที่แล้ว +2

    I think Do Kwon got a bit carried away when he saw 100billion market cap like most of us would, but in the end it was the mole and the good old short sellers who took Luna down. Im going to buy more of it no matter what anyone here says. I think its got a long way to go💫

    • @spencerham6221
      @spencerham6221 ปีที่แล้ว

      After a failure like this there is no coming back. There are no "second chances" in crypto.

    • @Jack-iv5pi
      @Jack-iv5pi ปีที่แล้ว

      😂😂😂

    • @Mint-kj9kw
      @Mint-kj9kw ปีที่แล้ว +1

      @@spencerham6221 Not true. There are going to burn the excess Terra Luna coins. LUNC will fly past a penny and make many millionaires.

    • @spencerham6221
      @spencerham6221 ปีที่แล้ว

      @@Mint-kj9kw in the mean time it's caused a lot of suicide. Lol

    • @lilghoul5520
      @lilghoul5520 ปีที่แล้ว

      @@spencerham6221 you do realise Eth had big failures before becoming what it is now

  • @CryptoQuest95
    @CryptoQuest95 ปีที่แล้ว +1

    It seems like he has very little remorse.
    Even when he asked about what he lost, his gut instict was "dollar value?"
    As if the lives of the people who commited suicide and lost everything from him escape his conscious.
    And what a deflection on his attitude on Twitter...

  • @Jerry-dy5fb
    @Jerry-dy5fb ปีที่แล้ว

    Don’t invest what you can’t afford to lose. The number 1 rule in life.

  • @FridayWeekend
    @FridayWeekend ปีที่แล้ว

    Okay, I haven't seen the whole interview yet.... read the comments. Conclusion: it's probably like Oprah interviewing Lance Armstrong! ("forgot" to ask the right questions)

  • @cryptorama287
    @cryptorama287 ปีที่แล้ว +2

    I lost my life savings ! This guy is a crook !! Should be in prison. Hope the authorities catch him ASAP !!!!

    • @jovanicasares19
      @jovanicasares19 ปีที่แล้ว +1

      Yeah and seize all his assets like they do in organized crime

    • @lilghoul5520
      @lilghoul5520 ปีที่แล้ว

      Only your fault. We lost money because we invested. Do not invest if you can’t handle risk. Absolute idiots like you need to get out of crypto and trading in general. Open an Issa and go to sleep

  • @XavierRaphael
    @XavierRaphael ปีที่แล้ว

    Save me a 29 min video. Will he go to SK ?

  • @Thematrixneo600
    @Thematrixneo600 ปีที่แล้ว

    The guy interviewing him just said he had a co founder commit suicide cause lost his money to do kwan scam and do kwan doesn’t even flinch

    • @movinon1242
      @movinon1242 ปีที่แล้ว

      A friend of his co-founder, but yeah. Do Kwon clearly does not have ready access to emotions or empathy.
      The mystery is how much of it is due to which spectrum he falls on: autism vs. sociopathy.

  • @dimaodd
    @dimaodd ปีที่แล้ว +4

    nice questions, but damn this constant smile of the host, so cringe....

  • @tamasnagy8031
    @tamasnagy8031 ปีที่แล้ว +6

    paid advertisement, it's all a joke

  • @T4kehiko
    @T4kehiko ปีที่แล้ว +21

    I pretty much lost all of my savings and a lot of borrowed money in this project. But I still think Do Kwon made his best to create something revolutionary. It was my mistake I got so greedy and forgot about a simple risk management. Only I'm to blame for my loss. Tought me a valuable lesson but I keep believing in the crypto space and starting from scratch.
    Also, nobody should attack his family... this is just disgusting and those people should be ashamed of themselves.

    • @j__.adam69
      @j__.adam69 ปีที่แล้ว +1

      Are you kidding? Then maybe you didn’t lose “a lot” of money

    • @redpilled5608
      @redpilled5608 ปีที่แล้ว +4

      People like you give me faith in the future of crypto and defi. Stay away from the toxic communities that keep blaming others for their fault.

    • @T4kehiko
      @T4kehiko ปีที่แล้ว +5

      @@j__.adam69 I lost all of my savings and my bank dept will be repaid in 8 years. I live in the center/eastern european country. As an engineer I don't even have the salary as most US people working in mcdonald's. That's the reality.
      But I can admit my own mistakes and try to learn from them as this is only reasonable thing to do. Blaming others won't bring my money back.

    • @T4kehiko
      @T4kehiko ปีที่แล้ว +1

      @@redpilled5608 that's the kind of talk I would expect from someone calling himself redpilled. What a great name, made me laugh :).

    • @T4kehiko
      @T4kehiko ปีที่แล้ว

      ​@OC Bum Savings and a bank dept are not unrealized loss.