What are stablecoins and how do they work?
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- เผยแพร่เมื่อ 28 พ.ค. 2024
- Yahoo Finance's Zack Guzman spoke with Do Kwon, Terraform Labs CEO to discuss stablecoins.
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![How This Man Just Caused a $45 BILLION Crash [Terra Luna]](http://i.ytimg.com/vi/3KZY41SqaTI/mqdefault.jpg)
![How This Man Just Caused a $45 BILLION Crash [Terra Luna]](/img/tr.png)
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“We are a decentralized currency” -CEO of currency
😂
you probably dont know how things works... if you think that robot or AI creates anything decentralize you are wrong.. people create decentralize projects.. even satoshi is a CEO of bitcoin. vitalik is ceo of ethereum .. the actual decentralization is that you or him or whoever creates something that works autonomously. cause if you think that fully decentralize project would be awesome.. imagine your transaction failed.. there would be no support you could contant there is no other person who could help you with it .
BitKwonnneccctttt
Great interview
This guy is going from hero to zero
why? you all acting like he is a scammer... man.. that tard from bitconnect was scammer not him... he has just a bad rly deadly bad situation.. someone hacked that peg.. and then when it was unpegged everyone just createbots for arbitraging cause they see the opportunity here.. and that creates that fall.. then people asking when it will be recovered... they tried to they put money in it.. it goes from 40 cents to 6 dollars.. but people panic selling and destory chance for better recovery. he put bilion in and people take that from market cap .
All crypto are the same. They start with smart rhethorics based on thin air. They want you to use your dollar to buy it. They collect your usd while you keep their crypto hoping for higher prices. They later cash out and collapse the system.
market correction
Back to hero
lmfao!!!! inside job man
algo stables are really just under collateralized games of music chairs, calling it algorithmic is a joke
Best 👍
so it's still the best
All I hear when he talks is " Hey Hey HEEEY... mmmmmm mmmm mmm nononono.... My wife won't believe in me..."
And what is the reason for the fact that UST has more explosive growth this year than the same Tether? It's just that they write everywhere that USDT is the most stable coin, it is logical that its growth should be greater...
USDT is mainly used to store funds during a bear market. Since Tether is pegged to the dollar, it is the most stable currency, and therefore the minimum risks. And the basic regularity of investments: the greater the risk, the greater the profit and, accordingly, the lower the risk, the lower the profit.
but but but....
In DK we trust
Luna
why noone ever did a stablecoin pegged to EUR? i mean we see a tons of dollar pagged stablecoins... is it because dollar is a reserve currency in current financial system ?
Yes
I use such stablecoins as USDT as a reliable bank that is not owned or dependent on the state and with which I can slightly increase my income. But I prefer to invest in other coins.
Meme brad garlinghouse(xrp) ne rigole pas autant et ne se fou pas autant de la geule ses gens en rigolant et en oarlznt en meme temp , do kown se foud e la geule des gens
What if the dollar fails ? Why not make a stable-coin based on GOLD as the base ?
There's PAXG, it's pegged to gold
if dollar fails? well hope its not :D cause it would be catastrophic scenario for whole economy. Easy explanation .. dollar is reserve currency, the whole economy is pegged to dollar, and economy is overglobalize . so if dollar fails... well.. everything we already see would be . even a football would came back to times when pele has to have second job .
@@Difer-jd3hv another one that will go burst in due time.
I think crypto is vastly superior form of finance, but I’m also of the belief that economies are fundamentally political creations. USD is backed by the US govt through the Fed System, and by the US citizens and their culture of commerce and productive capacity, and finally by the US military. Terra is genius, but I wonder if a time won’t come when a lender of last resort will be required.
BITCONNEEEECCTTTT
Lmfaooooo
Is crypto truly decentralized if we need regulators to get people to act right? The entirety of the system should be foolproof to meet true decentralization vis a vis checks and balances should be incorporated from the get-go!!!
Going to zero
0.00000001
So if ethereum/bitcoin price crashes then how does Tera or these other crypto exchanges give the people who loan out their crypto that 10% they promised?
Is the question still stupid now?
@@Bluecollarworker01 hey smarty pants i hope u didnt have any luna :) hahahahahajajajajhaa
@@SA-jp5fm Have been out of Terra & UST for about 5 months now.
Collateralized stables>Algo stables. Once I figured out fully the model & I warned this would happen. As soon as Luna Market cap goes below UST, it’s over & leads to death spiral and in which happened.
@@greentoolsnyc3985Also the stupidity of using Bitcoin to partially back UST was not a good move at all. That was a flashing warning sign as well. That’s when I lost complete confidence in Terra.
루나 나 죽어!
yikes
lmfao !!!! this interview aged terrible. that coin is in the gutter lost 96% of its worth its not valuable
luna will come back... strong...
BTC truly is a class of its own, it has no competitors. All the other alts are competing with each other, they are more centralized, and the majority of them are not completed projects. I can't believe it when i hear people selling their btc for alt lol, that why I trade with the best analysts Ronny k. Mark