A new series of interviews with stablekwon seems designed to recuperate the Terra founder’s sullied image. If you’re looking for insights about the collapse of his stablecoin, you’ll have to keep digging, writes danielgkuhn. Opinion.
Kwon does assume responsibility for Terra’s failure. He said it was an outcome he never predicted, and that his overconfidence was “super irrational.” The project consumed his life. He named his daughter Luna, and said he’s working to make that a name of which she can be proud.
But it’s hard to say Kwon fully expresses guilt in the first episode, even when he assumes responsibility. He’s asked how he feels about a police raid as part of an investigation into Terra on the home of his former colleague Daniel Shin, with whom he founded the Chai payments network in Korea. Kwon has a “default answer.”
Even so, Terra’s failure seems like an expensive way to learn that “You cannot be emotional about markets, you can't blame people for shorting, you can't call people idiots for longing.”So far, the series has generated little buzz. The first part garnered a hair over 23,000 views on YouTube. And it seems like only a couple of hundred people were willing to pay the transaction fee to mint its associated non-fungible token to get into the Discord.
Guzman, too, was an investor in UST and LUNA, who lost out. He said in the interview that “a family friend” committed suicide after Terra’s collapse. There’s a long and drawn-out debate in crypto media about whether journalists should hold the assets they cover, considering the potential for bias or potential to significantly move these illiquid markets.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amid record flight disruptions, critics question why DOT not cracking downFederal officials have announced no action against airlines in a year of unprecedented cancellations, including one that cancels or delays half its flights.
Read more »
What's at stake in Ukraine and why the US must careThe world is on the brink of a third world war, this time with the major combatants having nuclear weapons. The world has been in a state of relative peace and prosperity ever since the collapse of the Soviet Union in 1991 — but no longer.
Read more »
Here's How To Know If Your Olive Oil Is 100% Pure — & Why That MattersDid you know that not all of the olive oil on the market is 100% pure? Here's how to determine if your EVOO is real, and what to look for on the label when making purchases in the future. 🫒
Read more »
Why is there so much biodiversity in the tropics?We've known this for centuries, but the explanation is not simple.
Read more »
Factbox: Why low water levels on the Rhine river hurt Germany's economyWater levels on the Rhine river are very low because of unusually hot and dry weather, preventing many vessels from navigating the critical European shipping route fully loaded.
Read more »